TerraUSD Cryptocurrency Plunges as Investors Bail Out

A sell-off in a cryptocurrency believed to be pegged to $1 accelerated on Wednesday, briefly sending its price below a quarter of that value. TerraUSD traded as low as 23 cents on Wednesday, according to data from CoinDesk. As of 2:43 p.m. ET, it had partially rebounded to around 68 cents in volatile trading. A … Read more

TerraUSD cryptocurrency drops below fixed value, triggering a sell-off

One type of cryptocurrency, a so-called stablecoin, is supposed to maintain its value at $1. But on Monday, the third-largest stablecoin, TerraUSD, fell as low as 94 cents, prompting a flood of investors to sell their holdings. Stablecoins get their name because they are tied to the value of government-issued currencies, such as the dollar. … Read more

Top 5 cryptocurrencies to watch this week: BTC, ALGO, XMR, XTZ, THETA

The S&P 500 and Nasdaq have fallen for five consecutive weeks, indicating that traders continue to reduce their exposure to risky assets. Bitcoin (BTC)’s close correlation with US stock markets has kept its price under pressure. Bitcoin extended its decline over the weekend and is now on course for its sixth consecutive weekly loss, the … Read more

What Bitcoin could be worth to Fidelity. You will be surprised.

Text size Fidelity’s push to Bitcoin is controversial but could be lucrative for the company. Dreamstime.com Fidelity Investments shocked the retirement industry last month by deciding to make Bitcoin available in 401(k) plans. Add up the earnings that could pay off, and it starts to be less of a surprise. Fidelity is the nation’s largest … Read more