digitalcurrency
Terraform Labs, the company behind the stablecoins TerraUSD and Luna, which collapsed the cryptocurrency industry in 2022, has filed for bankruptcy in the United States. The Singapore-based company filed a Chapter 11 bankruptcy protection document on Sunday at a court in Delaware. Terraform Labs’ estimated assets and liabilities range from $100 million (€90 million) to $500 million (€460 million), the document read. The spectacular crash of its stablecoins wiped out at least $40 billion (€36 billion) in market value when it lost its $1 peg, collapsing the crypto market and causing many to lose...
Euronews (English)
Searches For “Digital Currency” Explodes 434% After The Digital Pound Announcement By The UK Treasury And Bank Of England Searched For Digital Currency ExplodeGoogle search data reveals that online searches for “Digital Currency” exploded by 434% in the UK on the 7 of February, after the UK Treasury and Bank of England announced plans for a digital pound. Q4 2022 hedge fund letters, conferences and more The virtual currency is a plan by the central bank to phase out the use of cash by the end of the decade and shield off a Big Tech competitor. It is also meant to act in the same manner as cash...
ValueWalk
What happened with Bitcoin this week? Many investors who are new to the digital currency world might be scratching their heads with the Bitcoin news today. Why Bitcoin is increasing in value this week? After passing $16K and $17K within the last few days, this tidal wave has had multiple influences on the broader market’s bull run. All of them seem to support a strong base for Bitcoin’s success to continue. With tons of new support from major financial figures and the recent weakening of the US Dollar, Bitcoin’s price rally may be just the beginning. Other cryptocurrencies may also capture inv...
ValueWalk
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