The laser eyes out there are looking a little dim.
, those companies’ real-time values go right down with it. Sell-offs of both the currencies and the companies lead to no good.There’s another, slightly more complicated factor that also helps explain the slump, which is …Within the world of crypto, there are different types of value systems. Bitcoin gains its value from the limited amount of coins available in its network, the number of holders, and investor confidence.
But another type of digital currency,, pegs its value to legal tender like the U.S. dollar. Some types of stablecoins also use algorithms to control their supply of currency and stay consistent with the dollar’s value. This is meant to preserve some government-backed confidence in virtual markets—but even this is flailing.The crypto project Terra produces the two coins: the TerraUSD coin, a stablecoin, and its sister token, Luna, whose price moves with demand.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How To Wear 2022's Biggest Denim Trends, According To A StylistCheck out the latest denim trends happening right now, as well the best tips on how to wear and style them.
Read more »
House purchased with Bitcoin for the first time in Kentucky’s largest cityAs the adoption of cryptocurrencies around the world and across spheres of life continues, it becomes particularly noticeable in various... Continue reading
Read more »
Robert Kiyosaki Asserts “Bitcoin Will Win” As BTC Enters Brutal Bearish Storm⬆ +13 Robert Kiyosaki Asserts “Bitcoin Will Win” As BTC Enters Brutal Bearish Storm $BTC bitcoin cryptocurrency
Read more »
UST Stablecoin Veers Wildly From Dollar Peg. Here's the LatestBy tapping into its bitcoin reserves, UST’s salvation may have exacerbated a bitcoin sell-off that brought BTC to its lowest price since July 2021.
Read more »
The history of Bitcoin: When did Bitcoin start?When did bitcoin start? We Breakdown the detailed history of Bitcoin and how it combined notable technological breakthroughs to power the financial revolution.
Read more »