Cryptocurrency billionaire Brock Pierce weighed in on the need for 'sensible regulation' following recent events, including the 'implosion' of stablecoins.
As of Thursday morning, the bitcoin was trading around the $30,000 level, down from its all-time high of over $68,000 reached in November 2021.Bitcoin and other cryptocurrencies have had some rough weeks in anticipation of and following the It was the second of several anticipated increases this year as the central bank seeks to combat soaring inflation, which is at a high not seen in four decades.
Adding to more fears of volatility in the crypto market was the decoupling of the TerraUSD, a stablecoin whose value was tied to $1 last month. The world’s largest stablecoin by market cap, tether, also briefly edged down from its $1 peg.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ethiopian Central Bank Urges Residents to Stop Engaging in Crypto Transactions – Regulation Bitcoin NewsThe report adds that the central bank still does not recognize cryptocurrencies like bitcoin as a payment method. bitcoin cryptocurrency digitalcurrency
Read more »
The Rundown: How CoinDesk is using crypto tokens for in-person event sponsorship deals'DESK is not a currency, it's a participation token,' CoinDesk's SamEwen tells Digiday ahead of Consensus2022. “The idea [is] to create opportunities for our user base to gamify a conference and increase participation.”
Read more »
Biggest Movers: SOL Slips 10% as Crypto Bears Return to Action – Market Updates Bitcoin NewsSOL neared a ten-month low on Tuesday, as bears returned to crypto markets during the session. AVAX also declined.
Read more »
PayPal adds new crypto services including transfers to other walletsPayments firm PayPal also scored a BitLicense from the state of New York.
Read more »
Ken Griffin’s Citadel Willing to Venture Into Crypto ETFsThe New York-based firm is reportedly building its own cryptocurrency trading ecosystem
Read more »