Cryptocurrency Financial News

Cryptoverse: Stablecoins wend wobbly way into the unknown

Backer of stricken TerraUSD says spent reserves trying to salvage dollar peg

A crypto first? What happens when a blockchain like Terra dies

Cryptocurrency assets are highly speculative and investors in them need more protections or they could lose trust in the markets, Gary Gensler, chair of the U.S. Securities and Exchange Commission, said on Monday. Generally, people who buy cryptocurrencies do not get the disclosures they get when they make other asset purchases around things like whether the trading platform they are using is actually trading against them, or whether they actually own the assets they store in digital wallets, Gensler said. «We have this basic bargain: You the investing public can make your choices about the risk you take, but there is supposed to be full and fair disclosure, and people are not supposed to lie to you,» he said at the Financial Industry Regulatory Authority's annual conference in Washington.

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Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.

With last week’s Terra collapse wiping out $40 billion worth of investor wealth, cryptocurrency traders have been rattled and have lost any hope of recovering their money.

American investor Bill Ackman has said that schemes like Luna are a threat to the whole cryptocurrency ecosystem. His remark came after Luna, the sister token of stablecoin TerraUSD, crashed 100 percent on May 13.

Despite not being on the official agenda, Brussel's proposed Russian oil embargo was on Monday looming large over a meeting of foreign affairs ministers with accusations some member states are holding the bloc "hostage".

Cryptocurrencies resumed their slide on Monday, giving up the gains they had eked out over the weekend, as regulators continued to circle.

Cryptocurrencies resumed their slide on Monday, giving up the gains they had eked out over the weekend as regulators continued to circle.

Cryptocurrencies resumed their slide on Monday, giving up the gains they had eked out over the weekend, as regulators continued to circle.

Cryptocurrency has emerged as a quick way to earn money.

Disclaimer: The text below is a press release that was not written by Cryptonews.com.

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.

The founder of cryptocurrency exchange FTX has said that Bitcoin has no future as a payments network because of its inefficiency and high environmental costs, the Financial Times reported on Monday.

Grayscale to launch digital assets ETF in UK, Italy, Germany

FTX's billionaire chief says bitcoin has no future as a payments network: Report

Tether cuts holdings of commercial paper, says majority in Treasuries: CTO

10 altcoins that can tule the market this year

Stablecoins are a vital part of crypto.