Although Bitcoin prices made a strong 15% recovery over the past week, metrics suggest more network demand would be needed to sustain further price increases.
Hundreds of potential exploiters appear to have drained all of the bridge’s $190 million in TVL in just a matter of hours.
Several businesses in the tourist town of Santa Lucia are now accepting Bitcoin payments in the hopes it can spur tourism spending.
Tether said the hedge funds that saw Terra’s collapse as a reason to short USDT have “a fundamental misunderstanding of both the cryptocurrency market and Tether.”
Singapore’s Second Minister for Law believes an integrated platform using the Metaverse will make the dispute resolution process more convenient and efficient.
The new shop entertained about 400 crypto-curious guests on opening day, and hopes to host even more as other stores are opened across the U.S. and the rest of the world.
The sudden dramatic spike in active addresses on the network has left many guessing about the cause.
“This is obviously a very expensive undertaking over the next several years,” said Mark Zuckerberg.
The exchange’s Anti-FUD Fund comes shortly after KuCoin CEO Johnny Lyu’s spat with a whistleblower, who claimed the exchange was insolvent.
The IMF has forecast economic growth to slow from 6.1% last year to 3.2% in 2022, which some believe will have negative consequences for crypto.