Game companies with products featuring virtual coins and other blockchain functionalities remain on heightened alert over adverse effects from the recent collapse of the TerraUSD and Luna cryptocurrencies, industry officials said on Monday. Cryptocurrencies operated by South Korean gaming companies for in-game purchases and trading...
HONG KONG/LONDON/NEW YORK – C ryptocurrencies steadied on Friday, with bitcoin recovering from a 16-month low after a volatile week dominated by the collapse in value of TerraUSD, a so-called stablecoin. Crypto assets have been swept up in broad selling of risky investments on worries about high inflation and rising...
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...
Bitcoin’s slide that began last week has continued into this week as well. The cryptocurrency is now down over 57 percent from its all-time high in November last year, and this is hitting coin exchanges, CNN reported. Last week, Bitcoin and other cryptocurrencies were staring at a sudden crash after...
Bitcoin has scant experience with rising interest rates, posing perils for investors looking to capitalize on its dramatic drop. The cryptocurrency has tanked along with other risk assets such as tech stocks after the Fed amped up rates last week, sending them on a trajectory that’s expected to pass 3%...
More than $128 billion in cryptocurrency market capitalization was wiped off in a matter of hours on Thursday after Bitcoin crashed eight percent, CNBC reported. Other crypto coins, ether and XRP, also saw sharp declines during this period. Barely six months ago, Bitcoin was enjoying its historic high against the...
