Terra crash draws Washington’s attention to crypto regulation – CNET – ApparelGeek

The collapse of the stablecoin TerraUSD USTUSD,+5.39%has made waves in Washington, catching the attention of the nation’s top policymakers and adding urgency to an ongoing congressional debate over cryptocurrency regulation. At its peak in early May, TerraUSD, also known by its symbol UST, was the third most popular stablecoin, with a market capitalization of nearly … Read more

Bitcoin Price: Panic In The Crypto Market Captures Janet Yellen’s Attention

What’s going on: As of Friday, the price of bitcoin plunged almost 50% from its all-time high as traders – worried about whether the Federal Reserve’s bid to fight inflation could tip the economy into a recession – have abandoned riskier investments. But in recent days, the implosion of high-profile crypto experiment TerraUSD has fueled … Read more