The collapse of the stablecoin TerraUSD USTUSD, +3.54% has made waves in Washington, attracting the attention of the nation’s top policymakers and adding urgency to an ongoing debate in Congress about cryptocurrency regulation. At its peak in early May, TerraUSD, also known by its ticker UST, was the third most...
Placeholder while article actions load The crypto crash that vaporized roughly $500 billion in market value over the last two weeks is refocusing Washington policymakers’ attention — fast-tracking the desire to set federal rules for the freewheeling industry. Financial watchdogs are zeroing in on stablecoins, the subset of cryptocurrencies meant...
Placeholder while article actions load I’m subbing in for Cristiano this morning, so happy Monday and welcome. Send tips or comments to Tory.Newmyer@washpost.com Below: Social media sites are being scrutinized in the wake of the Buffalo rampage, and tech groups ask the Supreme Court to block a Texas social media...
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. What’s happening: As of last Friday, the price of bitcoin had plunged...
By Julia Horowitz, CNN Business 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. What’s happening: As of last Friday, the price of...
What’s happening: As of last Friday, the price of bitcoin had plunged almost 50% from its all-time high as traders — concerned about whether the Federal Reserve’s bid to fight inflation could tip the economy into a recession — dumped riskier investments. But in recent days, the implosion of TerraUSD,...
If you’re looking at the price of Bitcoin (BTC), it’s hard to be bullish these days. The flagship cryptocurrency has once again broken below $40,000, with analysts foretelling of a much bigger decline in the weeks ahead. Unfortunately, many new investors forget to treat crypto as an exponential asset class...
While China has banned cryptocurrency trading, its people remain interested in the ups and downs of the crypto market, not least because many of them have found workarounds and continue to buy and sell all sorts of tokens. Bitcoin’s price continued to crater on Monday after a rough weekend, down...
Share this article Cult DAO, a blockchain-based DAO seeking to advance the decentralized finance revolution, announces Revolt (RVLT), which attracted the attention of Anonymous. The decentralized international activist and hacktivist group seems to support Cult DAO’s most recent concept, as it appears in the group’s recent Twitter bio and likes....
The United States continues to be a global leader in embracing the cryptocurrency industry thanks to the work of Sen. Patrick Toomey, with the White House being at the forefront of crypto regulation. Last year, President Joe Biden signed a $1.2 trillion bipartisan infrastructure bill — and it included some...
