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The Latest Breaking News from Crypto

Here's How Dogecoin May Be Signaling A Reversal

Dogecoin (CRYPTO: DOGE) was trading down more than 5% on Monday in consolidation, after seeing whipsaw action between May 9 and May 13, which caused the crypto to plummet almost 48% to the $0.064 mark before bouncing up back up over the 8-cent mark on May 12.

Benzinga

Terra (LUNA) Sold 80,000 Bitcoins In A 3-Day Span Amid Depeg-Crisis: UST Holder Compensation Coming

When TerraUSD (CRYPTO: UST) — the stablecoin integrated into the Terra (CRYPTO: LUNA) ecosystem — lost its peg to the U.S.

Benzinga

Q&A: the collapse of terra and what it could mean beyond crypto

After the crash of the ‘stablecoin’ sparked panic, could the fall of the wider crypto market lead to a more permanent economic crunch?

The Guardian - UK

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UK Department Of Treasury Rushes To Regulate Stablecoins In The Wake Of The Terrapocalypse

The United Kingdom's Department of Treasury — or Her Majesty's Treasury — is regulating stablecoins following the collapse of TerraUSD (CRYPTO: UST) which brought down major cryptocurrency Terra (CRYPTO:

Benzinga

Here's How Much $100 Invested In Ethereum Today Will Be Worth If It Hits All-Time High Again

The cryptocurrency market is still down this week and many of the most significant coins haven’t been able to escape the carnage of a potential crypto winter.

Benzinga

Ethereum Whale Moves 80,000 ETH Off Bitfinex

What happened: An Ethereum (CRYPTO: ETH) whale sent $159,668,640 worth of Ethereum off Bitfinex. The ETH address associated with this transaction has been identified as: 0xd41cdb2a35a666e8e1f9f53054e85091b67e13af

Benzinga

Bitcoin Whale Moves 9,661 BTC Off Coinbase

What happened: A Bitcoin (CRYPTO: BTC) whale just sent $284,120,110 worth of Bitcoin off Coinbase. The BTC address associated with this transaction has been identified as: 1Prp7JxrzKoU3uhY3VkbYQ4bv8CiejgaDN.

Benzinga

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Anonymous Bitcoin Whale Just Moved $284M Worth Of BTC Off Coinbase

What happened: A Bitcoin (CRYPTO: BTC) whale just sent $284,307,013 worth of Bitcoin off Coinbase. The BTC address associated with this transaction has been identified as: 122vXUdsBkzwCq7ti5fEJDoaSWXpqsQYW3.

Benzinga

Anonymous Crypto Wallet Moves $348M Worth Of Bitcoin

What happened: $348,155,467 worth of Bitcoin (CRYPTO: BTC) was just moved between 2 anonymous cryptocurrency wallets in a single transaction. This mysterious person's bitcoin wallet address has been identified as: bc1qu8urg8cw9yh5phw8qfcpkhulxne6pcrhhl5hd0vjurewr0qaswgqvu79aa

Benzinga

$7.6bn of ‘stablecoin’ tether redeemed since start of crypto crisis

Figures suggest company has paid out more than total cash on hand, as terra backers prepare relaunch

The Guardian - UK

Stocks and Crypto Now Sit at the Same Table

Stocks and crypto prices no longer operate separately.

The Street

Bitcoin's Fundamentals Show High Uncertainty As Number Of Addresses Sending To Exchanges Reaches 1-Year High

The on-chain fundamentals of the world's top cryptocurrency Bitcoin (CRYPTO: BTC) are showing a rather grim picture as the sentiment-tracking Fear & Greed Index reports "extreme fear" in

Benzinga

Osmosis, Kusama Among Top Crypto Movers In 24H

Pulled from Benzinga Pro here's the list of the top crypto gainers and losers at the time of publication:

Benzinga

Tron (TRX)'s Justin Sun Responds To Allegations He Was Behind Terra And UST Collapse, Says His USDD Is Different

Justin Sun, the founder of the Tron (CRYPTO: TRX) blockchain, laughed off claims that he was behind an organized attack that took down Terra (CRYPTO: LUNA) and its stablecoin TerraUSD

Benzinga

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Benzinga

While Bitcoin, Ethereum, Dogecoin Crash — UK Crypto Platform Fetches $500M Valuation With Backing From Goldman Sachs, Barclays

United Kingdom crypto trading platform Elwood Technologies — founded by hedge fund billionaire Alan Howard — said it raised $70 million in a Series A funding round co-led by Dawn Capital and global investment bank Goldman Sachs Group Inc (NYSE: GS).

Evening Standard

City comment: Despite market meltdown, write off crypto at your peril

That popping sound you can hear is a bubble bursting.

Reason

Getting Paid in Bitcoin

Unfortunately, an automatic crypto purchase made with after-tax earnings won't lower your taxable income.

Bangkok Post

Bitcoin has no future as a payments network - FTX

Cryptocurrency exchange FTX's founder has said that bitcoin has no future as a payments network and criticised the digital currency for its inefficiency and high environmental costs.

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Crikey

Crypto may face regulation, tax scrutiny

Neither major party has committed to accelerating cryptocurrency reforms despite the most recent crash, but the tax office has the sector on its ‘hit list’.

The Street

Stablecoin Credibility Takes a Hit with the Fall of UST Coin

The collapse of the UST coin is wreaking havoc on the crypto market and destroying industry efforts to win the trust of the general public.

The Guardian - US

‘Unstoppable until they aren’t’: are tech market losses signs of a bust?

Apple is no longer the most valuable company, Meta took a $230bn hit, Amazon reported its first loss since 2015, but a slump ‘is a big question mark’

The Street

FBI Arrests NY Crypto Platform CEO for Alleged Fraud

Ponzi schemes continue to infest the cryptocurrency sector, adding to the industry's growing challenges.

Benzinga

Terra's Do Kwon 'Heartbroken' Over UST Collapse, Doge's Billy Markus Tells Him To Leave The Industry

In a recent Twitter post, Terra (CRYPTO: LUNA) founder Do Kwon has said that he is “heartbroken” about his creations losing all of their value this week.

Benzinga

'Doge Was Created As Satire Of How Stupid The Scene Was Becoming. It Hasn't Improved': Billy Markus

Dogecoin (CRYPTO: DOGE) co-founder Billy Markus took to Twitter on Friday to express his anguish over the mess cryptocurrencies are finding themselves in.

WEKU

4 things to know as cryptocurrencies such as Bitcoin (and stablecoins) melt down

Bitcoin and other cryptocurrencies are being caught up in the storm impacting all kinds of markets, including stocks. The plunge in a type of crypto called TerraUSD is raising special concern.

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