What happened to cryptocurrency today

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Federal regulation of digital assets is still pending (opens in new tab) – though it may take on a renewed priority after the recent fallout. In the meantime, a more conservative strategy would be to invest in the most established digital assets, including Bitcoin and Ethereum. Both have begun rallying in value since their mid-June lows, coinciding with positive returns in other risk assets over the same period. Crypto today news Among seven major recommendations, regulators called on Congress to pass legislation that would address the systemic risks caused by the growth of stablecoins, which are a form of cryptocurrency pegged to the price of another financial asset, like the U.S.
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The fact that Terra holders went all in regardless of the risk is what worries Jon Stokes, founder of Ars Technica and a major web3 watcher. "With the Terra-Luna pairing, there was an ecosystem there," he tells Reason. "It wasn't just a stablecoin that people were using on to swap in and out of USD; there was an ecosystem of DeFi products…that were built on top of this." Finance & economics August 5th 2021 The total market capitalization of crypto has crossed $900 billion for the first time since November of last year. In response to the news, Bitcoin, the largest cryptocurrency in the world by market cap, is up 4%

What happened to cryptocurrency today

Binance was once FTX's rival and possible savior. Now it's trying not to be its sequel

Most large cryptocurrencies rise on Polkadot, Cardano increases Past Performance of the Crypto Market Suggests 2023 Will Be a Good Year I love the simple yet user friendly interface and 24/7 customer support.
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The dominoes tumbled from there. In the wake of Zhao’s chess move, FTX found itself having trouble paying out withdrawals to customers. Suddenly, a company once worth $32 billion was $8 billion in the hole. Zhao initially said Binance would buy FTX for scrap, but backed out once he got a look at the books. FTX was never a bank; customers will be lucky to get even a fraction of their money back in bankruptcy court over the next few years, and it seems possible that SBF will face serious legal repercussions. Cookies on FT Sites The agency also seized a Doodles NFT and a luxury watch purchased with crypto.