Browsing Archive June, 2022
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Magic Internet Money token depegs as Terra (LUNA) domino effect persists
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Citing an insider scoop, Autism Capital claimed that Abracadabra accrued $12 million in bad debt as a direct result of Terra’s sudden downfall, which has been ...

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Stablecoins highlight ‘structural fragilities’ of crypto — Federal Reserve
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“Stablecoins that are not backed by safe and sufficiently liquid assets and are not subject to appropriate regulatory standards create risks to investors," ...

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Coinbase is facing class action suits over unstable stablecoins GYEN, TerraUSD
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The cryptocurrency exchange is accused of failing to do due diligence, among other things, after users lost large sums as a result of the depegging of ...

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Sweeping layoffs, hiring and firing as crypto prices take a massive downturn
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Brutal economic conditions coupled with dramatically falling crypto prices have led to massive layoffs within the blockchain industry.

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Senators join chorus of disapproval of ‘backdoor regulation’ in SEC staff accounting bulletin
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Five Republican senators, including “Crypto Senator” Cynthia Lummis, have sent a letter to the SEC regarding its March bulletin, which established broad new ...

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Market selling might ease, but traders are on the sidelines until BTC confirms $20K as support
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BTC and altcoins could continue to see selling, but a positive is that traders took shelter in stablecoins instead of completely exiting the crypto market.

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Finance Redefined:  Three Arrow Capital and Celsius fall brings a tsunami of sell-off in DeFi
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DeFi market saw a sharp decline in its TVL, falling over $25 billion from the last week due to sell-off pressure created by the bear market.

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Crypto Biz: Crypto carnage pushes Celsius, Three Arrows Capital closer to insolvency, June 9-16
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It has been a chaotic week for digital assets. Two firms may be inching closer to insolvency while Coinbase, one of the largest crypto exchanges, laid off ...

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5 indicators traders can use to know when a crypto bear market is ending
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Calling a market bottom is impossible, but traders can use these five indicators to get an early signal of when a bear market is close to ending.

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Ethereum price risks a drop below $1K if these key price metrics turn bearish
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Two key Ethereum price metrics have yet to turn bearish, but it won’t take much to trigger an ETH drop below $1,000.

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