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Global crypto market hits $1.5 trillion as panic buying fuels Bitcoin price

The world's biggest cryptocurrency Bitcoin touched a 19-month high above $42,000 which was triggere…

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Terra cofounder Daniel Shin targeted for arrest again in South Korea's crypto crackdown

South Korean prosecutors are doubling down on efforts to arrest Terra's Daniel Shin, following frau…

Zinya Salfiti   


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US prosecutors charge crypto Terra founder Do Kwon with fraud following his Montenegro arrest

US fraud prosecutors charged Terraform Labs CEO Do Kwon with an eight-count indictment, including s…

Zinya Salfiti   


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2 mins read

Bitcoin just won't die

Bitcoin is outperforming both the S&P 500 and the "Magnificent 7" Big Tech stocks this year, with i…

George Glover   


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Terra's backers vote to keep luna alive and abandon stablecoin UST after its collapse drove a crypto meltdown

Terra now plans an airdrop of new luna starting Friday, but wallets with more than 1 million of old…

Hamza Fareed Malik   


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The founder of collapsed stablecoin TerraUSD wants to build another blockchain from its network's ashes

Do Kwon wants to hard fork the Terra blockchain to create "classic" and new versions, with 1 billio…

Zahra Tayeb   


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Circle CEO says Terra's implosion has given lawmakers the impetus to speed up crypto regulation

Circle CEO Jeremy Allaire said the collapse of Terra has accelerated the need for the federal gover…

Zahra Tayeb   


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Terra revives failed luna cryptocurrency after its major meltdown but it falls sharply after launch

The new token "luna" (LUNA), which serves as the main staking asset of the Terra blockchain, droppe…

Zahra Tayeb   


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MoneyGram wants to use stablecoin USDC to 'build a bridge to crypto' for money transfers — even after the Terra meltdown

Meanwhile, MoneyGram wants to get involved in bitcoin transfers to El Salvador, CEO Alex Holmes tol…

Zahra Tayeb   


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Investors ploughed $300 million into bitcoin last week as Terra's stablecoin went into meltdown

It was a "strong signal that investors saw the recent UST stablecoin de-peg and its associated broa…

Zahra Tayeb   


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3 mins read

Crypto crashed this week as 2 stablecoins broke the buck. Here's what that means, and where the market goes next.

Bitcoin showed signs of stabilizing above $30,000 on Friday, but experts say this week's crash felt…

Carla Mozée   


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Crypto regulation needs to allow for 'trial and error' in the market and account for variations between stablecoins, SEC Commissioner Hester Peirce says

"With experimentation ... we need to allow room for there to be failure as well because that obviou…

Carla Mozée   


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Matthew Fox   


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Explained: Five things to know about US-based crypto lender Celsius’s crash

Crypto lender Celsius filed for bankruptcy protection under Chapter 11 on Thursday.

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Jennifer Sor   


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Tether's stablecoin loses its dollar peg again after lending platform Celsius freezes all withdrawals

Tether's collapse could potentially be crypto's "Lehman Brothers moment", GlobalBlock analyst Marcu…

George Glover   


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3 mins read

Luna and Terra's stablecoin UST are both crashing: Here's a guide to tether, USD Coin, terra and other reserve-backed cryptocurrencies

Terra's algorithmic stablecoin UST appears to have entered a death spiral. Here's a guide to the la…

Business Insider   


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Ethereum cofounder Vitalik Buterin says stablecoin turmoil should push investors back to 'principles-based thinking' and not rely on endless growth

"In general, the crypto space needs to move away from the attitude that it's okay to achieve safety…

Brian Evans   


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2 mins read

Stablecoins could exist alongside a digital dollar as CBDCs could help secure global payments systems, Fed Vice Chair Lael Brainard says

A CBDC "could coexist with and be complementary to stablecoins and commercial bank money," Brainard…

Carla Mozée   


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Stablecoin tether has beefed up its Treasury holdings and added over $250 million in non-US government debt to its reserves

The issuer of stablecoin tether now holds over a quarter of a billion dollars in non-US debt as par…

Amanda Cooper