Terraform Labs, the company which supports the Terra ecosystem, briefly halted the Terra blockchain for two hours on Thursday after a dramatic slump in LUNA and UST, before restarting at around 1:45 p.m. local time.
Bitcoin funding rates had plummeted at the start of May. While there was no definite bear trend at the time, the price of Bitcoin was already displaying indications of weakness.
As Crypto Twitter watched Terra's stablecoin drop in real time, insights, warnings, and vengeance were all on the table.
Cryptocurrency market capitalisation has plunged by more than half to roughly $1.4 trillion after the Federal Reserve (Fed) boosted interest rates by 50 basis points, causing a sell-off panic among investors.
Cryptocurrencies are continually altering and improving their network features in order to deliver better benefits to investors and companies.
The urge to streamline operations and track assets with unprecedented precision are some of the factors expected to make the blockchain in the global manufacturing market hit $17.047 billion by 2027, according to a report by Research and Markets.
Christian Devolu of Vice claims that cryptocurrency has fundamentally altered the way cybercrime is perpetrated.
The co-founders of leading analytics firm Glassnode are warning Bitcoin traders that the current macroeconomic backdrop could ignite another sell-off event for BTC.
To meet customer requests for a broader selection of cryptocurrencies, American financial services company Robinhood has listed Shiba Inu (SHIB), Solana (SOL), Polygon (MATIC), and Compound (COMP).
Cryptocurrency exchange Bybit announced last Friday the launch of leveraged token products.
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