Run on UST cuts the ground from under Terra’s feet
A probable run on terraUSD (UST) has weighed on the ability of the company and the non-profit behind the pioneering stablecoin project to defend its dollar peg.
-
-
India GST Council weighs 28% tax on crypto transactions
Indian tax authorities are exploring the implementation of a 28% goods and services tax (GST) on all cryptocurrency transactions, adding to a 30% tax on profits from crypto asset trading that kicked in on April 1, according to local media reports. See related article: After crypto, India wants to come after DeFi Fast facts The…
-
Three Australian crypto ETFs to debut on Thursday after delays
Australia’s first cryptocurrency exchange-traded funds (ETFs) are set to go live on Thursday May 12 on the country’s Cboe exchange after delays kept the financial products off the market for two weeks. See related article: Launch of three crypto ETFs in Australia delayed Fast facts Three funds were initially announced for listing in late April…
-
How tokenization could transform Hong Kong’s fixed income markets
Tokenizing capital markets could offer greater efficiency and liquidity. How would that work in Hong Kong’s regulatory environment?
-
UST loses dollar peg as Terra market cap slumps
Terra’s dollar-pegged stablecoin, terraUSD (UST), “depegged” for the second time this week, dropping to as low as US$0.6841 in Tuesday morning trading in Asia, according to CoinMarketCap. It has since recovered slightly. See related article: What are stablecoins, and why are some governments so afraid of them? Fast facts Terra’s price also dropped by over…
-
DeFi TVL lowest since October, Terra leads losses
The total value locked (TVL) in decentralized finance (DeFi) protocols has dropped from US$217.82 billion to US$179.5 billion in the past 30 days, reaching its lowest point since October 2021, according to DefiLlama data. See related article: DeFi wizard Cronje’s departure sends TVL sinking Fast facts Terra’s Anchor Protocol played a significant role by dropping…
-
Otherdeeds NFT sale puts Ethereum scalability in glaring spotlight
Top blockchain and crypto news: Otherdeeds debacle stings with gas fee spike. Algorand scores World Cup deal. Will China be forced to embrace Bitcoin?
-
My brief wondrous life as an Axie Infinity gamer
Crypto rookie Joel Stein dives into Axie Infinity and the curious economics of ‘play to earn.’ Will his teenage gaming dreams come true?
-
The Mooch is back, and batting for crypto!
Anthony Scaramucci, founder of investment firm SkyBridge Capital and former White House communications director, says governments such as those in China and the US will inevitably allow for people to own and trade cryptocurrencies.
-
Ethereum’s year-end price outlook lowered
A panel of 36 industry experts revised down the year-end price target set for the world’s second-largest cryptocurrency by more than 11%, according to a report by Finder, an Australian fintech. See related article: Ethereum price expected to hit $7,609 in 2022: report Fast facts Ethereum’s price is expected to rise to US$5,783 by the…