200 billion pulls back wiped cryptocurrency
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200 billion pulls back wiped cryptocurrency

Collapse of FTXEdit

In a filing to the US Securities and Exchange Commission, the bank said it had sold debt to cover the withdrawals and had written off the Diem purchase, meaning it is no longer counted as an asset. 200 billion pulls back cryptocurrency market Revolut is closing its US crypto operations due to a difficult environment. (Decrypt) 

200 billion pulls back off cryptocurrency

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‘$300m in cryptocurrency’ accidentally lost forever due to bug

Topics :Bitcoincryptocurrenciescrypto trading Who are the winners and losers? Stablecoins losing their pegs to the U.S. dollar also played a role in investors' departure from crypto in recent months. Individuals who had grown dependent on stablecoins like luna and terraUSD to shield their money from the wild swings typical of many cryptocurrencies, were stunned to see both those coins fall under $1 in May — something that was never supposed to happen. The price drop of the two benchmark stablecoins further eroded investors' faith in the crypto market.

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Discover Thomson Reuters Key stories on business-standard.com are available to premium subscribers only. “We made these changes to sharpen our focus on seed-stage opportunities and to provide liquidity to our limited partners. The crypto fund will primarily focus on new company formation, with the opportunity to supplement these investments from our seed, venture, growth, and expansion funds as the companies mature,” a Sequoia spokesperson said to TechCrunch+ in an emailed statement.

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