Cryptocurrencies

Tether Sinks Below $1 in Nightmare Scenario for Bitcoin's Future

Tether Sinks Below $1 in Nightmare Scenario for Bitcoin’s Future

A bitcoin sign is seen on a Coinstar ATM during the Bitcoin 2022 Conference at Miami Beach Convention Center on April 8, 2022 in Miami, Florida. Photo: Marco Bello (Getty Images) The cryptocurrency market continued to hemorrhage money Thursday, with the most popular coins down double-digit percentages over the past 24 hours. And absolutely no …

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Bitcoin Falls. Cryptos Pressured as Stablecoin Terra’s Meltdown Intensifies.

Bitcoin Falls. Cryptos Pressured as Stablecoin Terra’s Meltdown Intensifies.

Bitcoin prices have suffered a rout over the past week alongside other cryptocurrencies. Dreamstime Text size Bitcoin and other cryptocurrencies remained under pressure Wednesday, but above their Tuesday lows, with the focus on the meltdown of stablecoin TerraUSD, which is designed to be pegged to the U.S. dollar. The price of Bitcoin fell 2% over …

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Cryptocurrency TerraUSD Falls Below Fixed Value, Triggering Selloff

Cryptocurrency TerraUSD Falls Below Fixed Value, Triggering Selloff

One type of cryptocurrency, a so-called stablecoin, is meant to keep its value at $1. But on Monday, the third-biggest stablecoin, TerraUSD, fell as low as 94 cents, causing a flood of investors to sell their holdings. Stablecoins get their name from their being tied to the value of government-issued currencies, such as the dollar. …

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What Bitcoin Could Be Worth to Fidelity. You'll Be Surprised.

What Bitcoin Could Be Worth to Fidelity. You’ll Be Surprised.

Text size Fidelity’s push into Bitcoin is raising controversy but could be lucrative for the company. Dreamstime.com Fidelity Investments shocked the retirement industry last month with a move to make Bitcoin available in 401(k) plans. Add up the revenue that might bring in, and it starts to be less of a surprise. Fidelity is the …

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NFT Market Collapses Just As Square Enix Sells Tomb Raider To Bet Big On Blockchain

NFT Market Collapses Just As Square Enix Sells Tomb Raider To Bet Big On Blockchain

Screenshot: Square Enix You know what no one could ever have predicted? That a market based on imaginary ownership of infinitely duplicable jpeg images might not be end-game, long-term sustainable. As The Wall Street Journal reports, the NFT market is “flatlining,” down 92 percent from last September. Which makes it just the most incredible time …

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