Business

UST aftermath: Is there any future for algorithmic stablecoins?

TerraUSD (UST) is an algorithmic stablecoin that is pegged at $1.00. But, on the evening of May 19, it was trading for $0.083. This isn’t

Cryptocurrencies

Terra collapsed because it used hubris for collateral — Knifefight

The rise and fall of the Terra blockchain and family of related tokens is both one of the most convoluted and one of the most

Invest

Deckers Outdoor opened 20% up on Friday: what happened?

Invezz does not provide financial advice. Our aim is to simplify information about investing, enabling each user to make educated decisions with their money and

Cryptocurrencies

Cosmos price rebounds 45% in one week despite Terra’s debacle — What’s next for ATOM?

Cosmos (ATOM) emerges as the biggest gainer among the top cryptocurrencies this May 20, brushing aside the fears about its association with Terra (LUNA), an

Cryptocurrencies

Court documents reveal Do Kwon dissolved Terraform Labs Korea days before LUNA crash

The dramatic story of the Terra (LUNA) crash — referred to by some as the Lehman Brothers of crypto — has taken yet another remarkable turn

Business

Central bankers bellow Bitcoin on El Salvador’s Bitcoin Beach

The orange pilling adventure in El Salvador continues. In a video that beggars belief, 44 central bankers and financial delegates from emerging markets around the

Cryptocurrencies

Weaker dollar lifts Bitcoin to $30.7K as analyst eyes 60% BTC dominance

Bitcoin (BTC) hit 48-hour highs overnight into May 20 as U.S. dollar weakness gave bulls some much-needed respite. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Business

Commonwealth Bank puts crypto trading trial on ice as regulators dither

The Commonwealth Bank of Australia (CBA) has put its plans for a second pilot program of crypto trading services on hold indefinitely and cut off

Cryptocurrencies

People want to be paid crypto to exercise in the Metaverse: Survey

A new survey has found that over 80% of people would be motivated to take up more physical exercise if they were paid in cryptocurrency

Business

SEC can’t confirm if video of Bill Hinman is actually Bill Hinman in Ripple case

The U.S. Securities and Exchange Commission (SEC) is unable to confirm or deny if a video predominately featuring Bill Hinman actually features Bill Hinman. Bill