WASHINGTON -- Investors in stocks, bonds and commodities are all on edge right now. But in the market for cryptocurrencies, unease has morphed into full-on panic, catching the attention of regulators in Washington tasked with maintaining financial stability.
Breaking it down: Making sense of the situation requires a quick primer on stablecoins and their wilder offshoot, algorithmic stablecoins. The boom helped spur the rise of algorithmic stablecoins like TerraUSD. These coins are technically worth $1, too. But they aren't backed by hard assets, and instead use financial engineering to maintain their peg.
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Panic in the crypto market has Washington regulators' attentionInvestors in stocks, bonds and commodities are all on edge right now. But in the market for cryptocurrencies, unease has morphed into full-on panic, catching the attention of regulators in Washington. It’s not real money anyhow , tough luck for them! Bitcoin is going DOWN Bitcoin All those “crypto millionaires” will be working at McDonalds in a couple of weeks…
Source: ABC7Chicago - 🏆 284. / 63 Read more »
Ether Futures Lead $1.2B in Liquidations, Crypto Market Cap Drops 16% OvernightEther (ETH) futures led liquidation losses in the past 24 hours as crypto markets lost over 16% of their overall capitalization. shauryamalwa reports. shauryamalwa Does anybody know where this liquidation money goes ? Who takes them shauryamalwa They have lost a huge amount of usdt, terrible
Source: CoinDesk - 🏆 291. / 63 Read more »