The cryptocurrency market is still reeling from the worst crash in its history. But even after watching investors lose hundreds of billions of dollars, some crypto fans are not giving up on the technology.
"What happened is very sad," said Jaclyn Ding, a crypto investor and MIT graduate student."People are still calming down from their emotions."
The next chapter for crypto will almost certainly include more regulation, said Mark Williams, who teaches finance at Boston University's Questrom School of Business. He points out that some investors are wary of the volatile swings and regulation-free atmosphere associated with crypto. He thinks if lawmakers and regulators, such as U.S. Treasury Secretary Janet Yellen, are now paying attention, that is a good sign.
That would be a welcome development for some, particularly if it helps keep momentum growing in the industry. A particular type of cryptocurrency — called a stablecoin — issued by the company Terra, was at the center of the crash. As the name implies, stablecoin is supposed to resist wild fluctuations in value because it is pegged to a stable asset, such as the U.S. dollar.Boston-based Circle is the second largest issuer of stablecoin in the world. The value of its currency, USDC, has remained
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.
Woman with long COVID says she can't even change bedclothesA U.K. woman says COVID-19 left her with debilitating memory loss, as experts warn the number of people with the condition is increasing 'at an alarming rate.'
Read more »
The problem that more than half of pet owners don’t even think ofMore than a third of devoted pet owners admit they were totally unprepared for the commitment – and mess – their furry friends would bring to the household.
Read more »
Texas agency revokes massage therapist licenses over decades-old crimes, even as its leaders winceOfficials say law leaves them no choice but to take away dozens of licenses of active...
Read more »
Brabus Makes The Porsche 911 Turbo S Cabriolet Even Faster And More Luxurious | CarscoopsBrabus Makes The Porsche 911 Turbo S Cabriolet Even Faster And More Luxurious | Carscoops carscoops
Read more »
Covid-19 vaccines may ward off long covid even if given post-infectionResearchers compared the rate of long covid among people who were vaccinated after catching covid-19 with those who developed long covid before being vaccinated
Read more »