After Terra (LUNA) Crash, This Token Might Be The Next To Collapse. Here's How and Why

One of the popular crypto traders known as @AlgodTrading or also known as Algod had recently made a prediction that Terra's stablecoin USDT will fall drastically and now expects STEPN (GMT) to follow TerraUSDT. Algod, Terra's critic had pointed out that UST/LUNA is unstable and they had also bet against Do Kwon, Terra's founder on ….

Timeline of Green-metaverse-token, Tether

More and more digital investors are skeptical about the crypto crash, prompting them to cash out all their crypto assets. Since the crypto crisis began, investors have reclaimed funds totaling $7.6 billion from the ‘stablecoin' Tether, according to new data…

Today is Tuesday (May 17), and it's the biggest day for voting so far in 2022, with ballots being cast by Dems and GOP voters in Idaho, Kentucky, North Carolina, Oregon and Pennsylvania primaries. Plus, retail sales for April will be released at 8:30 a.m.

The world's biggest stablecoin, Tether, dropped an estimated 9% in value since May 12 and lost more than $7 billion as investors pulled out amid a wider cryptocurrency selloff that started last week, according to multiple media reports on Tuesday (May 17) and CryptoCompare data. Stablecoins are pegged to the U.S. dollar and were largely

On Wednesday, the implosion of the TerraUSD stablecoin sparked wide-spread panic in the crypto space. Thankfully 24 hours later, things have calmed down substantially. Terraform Labs halted, restarted and then halted again following the collapse of TerraUSD and its sister-token Luna. Developers who work on the blockchain tweeted that the second halt was intended to...

Tether cuts commercial paper holdings that back the stablecoin by 50% as the CTO Paolo Ardoino revealed the news so let's read more today in our latest Tether news. During a recent Twitter space, discussing stablecoins and the recent crypto volatility, Tether's CTO Paolo Ardoino said the stablecoin provider cut the amount of the commercial

The gaming tokens surge along with the metaverse token as well as Decentraland surged by almost 35% so let's read more about it in today's latest altcoin news. Following the week's crypto market collapse, the gaming tokens surge and are seeing some bigger recoveries.

With the market in turmoil, crypto investors are beginning to turn to stablecoins such as USDT and USDC to provide cover from losses. These stablecoins which are pegged to the U.S. dollar have been the obvious winners from the recent crash but it seems that investors are taking it one step further this time around.

During a Twitter Spaces conversation on May 12, Bitfinex CTO Paolo Ardoino dismissed reports that Tether was in trouble. The post Bitfinex CTO plays down reports that Tether was in trouble appeared first on CryptoSlate.

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. In April, Bitcoin and most of the altcoin market as well were in decline, but GMT rallied from the $2.1 support, as high as $4.17 in late April.

Amid the recent market instability, the global market capitalization was on the verge to plunge below the crucial $1 trillion mark. However, the recent recovery of the star crypto Bitcoin beyond $30K helped the crypto asset to recover to a large extent. The DeFi's, NFT's, and other popular cryptos marked huge gains in a very …