On this week’s special episode of “The Market Report,” Cointelegraph’s resident experts discuss the Terra ecosystem meltdown. Cryptocurrency investors never thought they’d have to ask whether TerraUSD (UST) or LUNA would reach $1 first. On Wednesday, that question became the talk of the cryptosphere as the Terra ecosystem imploded.  As the algorithmic stablecoin UST lost...Continue Reading

In addition to buying Bitcoin, Nubank will offer BTC and ETH investment services to its more than 50 million customers. Nubank, the largest digital bank in Brazil and Latin America, announced that it has partnered with Paxos to allow the bank’s customers to buy, sell and store cryptocurrencies directly through Nubank. Along with the launch...Continue Reading

A botched minting process and the collapse of Otherdeed’s price have taken a toll on ApeCoin, leading investors to question APE’s future utility and value. ApeCoin (APE), the new cryptocurrency that was recently launched by Yuga Labs, aims to be the bedrock of the Otherside metaverse and recently, the token has experienced massive volatility leading...Continue Reading

Bitcoin SV joins the hard fork in posting dismal price performance as the dust settles on the Terra UST debacle. Bitcoin (BTC) bounced back from ten-month lows on May 11 as the start of Wall Street trading gave bulls some relief. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView One day, $860 million more crypto liquidations...Continue Reading

NFT prices take a hit alongside the sharp correction in the crypto market and only time will tell whether the current downturn was a buying opportunity. It goes without question that there has been an influx of excited investors piling into Web3 and this is despite the decrease in total volume sales in the last...Continue Reading

Crypto exchanges Coinbase and BitGo have previously received trust charters from New York’s financial regulator, allowing the firms to offer crypto custody services. Crypto exchange FTX US has applied for a trust charter with the New York Department of Financial Services, or NYDFS, to operate in the state.  In a Wednesday announcement, FTX US said...Continue Reading

“Our front office teams […] think and act like risk managers to ensure that we are not exposed in any significant way to market swings,” said Celsius chief financial officer Rod Bolger. The fallout from extreme volatility in the crypto market hasn’t significantly affected Celsius Network, according to its leadership.  Seemingly in response to a...Continue Reading

The implosion of the Terra ecosystem appears to be manifesting contagion that is negatively impacting Bitcoin and altcoins. The crisis with Terra’s stablecoin TerraUSD (UST) and the freefall in Terra’s LUNA token has dented crypto sentiment further. Although Terraform Labs CEO Do Kwon announced a relief plan, the community does not seem too hopeful about...Continue Reading

Some of you saw it coming; some of you still can’t believe it’s real. Was the “most significant collapse in crypto history” an attack? No matter how hard your day is going, spare a thought for LUNA investors today. Do Kwon, CEO of Terraform labs and 18th on Cointelegraph’s Top 100, has lost billions of dollars...Continue Reading

Stakeholders believe that the digital shekel would boost competition, but remain divided on the matter of privacy. Despite the fact that it still hasn’t made a final decision on the launch of the “digital shekel,” Israel’s central bank reported that the public feedback on the project is mainly positive. According to Reuters, on Monday, The...Continue Reading