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terra ust depeg

UST-Stablecoin Loses $1 Parity Amid Crypto Market Crash

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The crypto market has taken another hit with the price of a stablecoin that’s designed to be pegged to the U.S. dollar falling well below $1. The UST-Stablecoin, which is backed by $3.5 billion in reserves, lost nearly half its value on Tuesday, plummeting as low as $0.64 before rebounding to around $0.90. The drop comes amid an overall downturn in crypto prices that includes bitcoin losing more than 50% of its value since the...

Cryptocurrencies, Front page, News

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ust depeg

UST Update: Sustaining $1 Parity Amidst Macro Turmoil

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$UST token, Terra ecosystem stablecoin, has struggled to maintain parity with the dollar. The UST market has been volatile today, as traders scramble to adjust their portfolios in the face of macroeconomic uncertainty. The price of UST hit a low of $0.9857 on Binance against USDT, before recovering slightly to $0.995 at the time of writing. This trading pair is the most voluminous for UST, with $1.36 billion in volume reported in the past...

Cryptocurrencies, Front page, News, Stablecoins

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Metars Genesis crypto - NFT

Combining NFT and Religion, What Will Metars Genesis Bring Us?

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BY JUAN MENDECryptoPress To get closer to religion through a strikingly personal adventure and attend religious events without the necessity of physically being there, the combination of NFTs and religious sites is getting increasingly popular in the metaverse world. For example, the Vatican is launching an NFT gallery for people to worship god.  Being an inclusive platform, Metars aims to combine art galleries and religious sites in the...

Cryptocurrencies, DeFi, News, NFTs

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FTX Digital Markets Partners with Solidus Labs for Trade Surveillance and Transaction Monitoring Services

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Solidus’ HALO platform, an all-in-one crypto market integrity hub, will enable the highest standards of risk monitoring and compliance. May 03, 2022 08:00 AM Eastern Daylight Time NEW YORK & NASSAU, Bahamas–(BUSINESS WIRE)–FTX Digital Markets (“FTX”), the Bahamian subsidiary of FTX Trading Ltd., today announced that it has partnered with Solidus Labs, a category-definer for crypto risk monitoring, to provide market...

Cryptocurrencies, DeFi, Press release, Trading

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markets bleeding

Extra Markets bleeding: Bitcoin plunged as investors cut their exposure to cryptocurrencies

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Bitcoin fell 8.6 percent on Thursday to under $36,000. The cryptocurrency is down more than 30 percent over the past two weeks and has fallen roughly from its recent highs. [ccpw id=”11234″] For comparison, Facebook’s market cap was $753 billion on Thursday afternoon, while Apple Inc.’s was $702 billion—both significantly higher than Bitcoin’s current worth. The widespread unwinding of risk assets has hit the...

Bitcoin, Cryptocurrencies, Front page, News

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