Crypto Explainers

Bitcoin Crash Shaves A Third Of El Salvador's Government Holdings: Report

Bitcoin Crash Shaves A Third Of El Salvador's Government Holdings: Report

Thursday May 19, 2022

El Salvador's big bet on bitcoin has soured as a crypto rout shaved over a third of the value of the government's holdings, Reuters calculations show.

Russia Will Legalise Cryptos As A Payment Method 'Sooner Or Later': Minister

Russia Will Legalise Cryptos As A Payment Method 'Sooner Or Later': Minister

Reuters | Thursday May 19, 2022

Russia will sooner or later legalise cryptocurrencies as a means of payment, Industry and Trade Minister Denis Manturov said on Wednesday.

Sony Readies To Play A Lead Role In The Metaverse Revolution

Sony Readies To Play A Lead Role In The Metaverse Revolution

Reuters | Wednesday May 18, 2022

Sony Group Corp said it is well-positioned to play a leading role in the metaverse, or immersive virtual worlds, which commentators speculate will massively disrupt industries and establish new powerhouses.

Small Investors Lose Faith And Savings In Crypto After 'Death Spiral' Sell-Off

Small Investors Lose Faith And Savings In Crypto After 'Death Spiral' Sell-Off

Reuters | Wednesday May 18, 2022

Nofe Isah, a 25-year old based in Nigeria, has been investing in crypto since January. Last week, she lost all of her $5,000 in savings as cryptocurrency luna went into free fall.

Stablecoins Looking Distinctly Dicey, Wobbling Into The Unknown

Stablecoins Looking Distinctly Dicey, Wobbling Into The Unknown

Reuters | Tuesday May 17, 2022

Stablecoins, the safe and strait-laced cousins of crypto, are looking distinctly dicey.

Explained: Borrowing And Lending On Blockchain Undergoing Transformation With DeFi

Explained: Borrowing And Lending On Blockchain Undergoing Transformation With DeFi

Tuesday May 17, 2022

Blockchain technology promises to remove any intermediaries like banks between the borrower and lender and allows them to trade directly with each other.

TerraUSD Backer Says Spent Reserves Trying To Salvage Dollar Peg

TerraUSD Backer Says Spent Reserves Trying To Salvage Dollar Peg

Reuters | Tuesday May 17, 2022

An affiliate of the company behind collapsed stablecoin TerraUSD on Monday said it had spent the bulk of its reserves trying to defend its dollar peg last week and would use what little remained to compensate some users who had lost out.

Is TerraUSD's Collapse, The Death Of A Major Blockchain?

Is TerraUSD's Collapse, The Death Of A Major Blockchain?

Olga Kharif, Bloomberg | Tuesday May 17, 2022

The crypto world has been riveted by the rapid collapse of the TerraUSD stablecoin. But its implosion may bring about something just as noteworthy: the death of a major blockchain.

Bitcoin Falls Back Below $30,000, Regulators Caution On Crypto Risks

Bitcoin Falls Back Below $30,000, Regulators Caution On Crypto Risks

Reuters | Monday May 16, 2022

Cryptocurrencies resumed their slide on Monday, giving up the gains they had eked out over the weekend, as regulators continued to circle.

Grayscale To List A Digital Assets Exchange-Traded Fund (ETF) In Europe

Grayscale To List A Digital Assets Exchange-Traded Fund (ETF) In Europe

Reuters | Monday May 16, 2022

Grayscale will list an exchange-traded fund (ETF) in Europe made up of companies representing the "Future of Finance", the world's largest cryptocurrency asset manager said in a statement on Monday.