Binance had invested $3 million in TerraUSD's sister cryptocurrency, Luna, four years ago. Its value plunged from $1.6 billion before last week's crash to less than $3,000 today.
India's Reserve Bank tells government that cryptocurrencies could lead to a dollarisation of the economy
TerraUSD had a value of $1, with a market value of nearly $19 billion at its peak, before it plunged the whole of last week and ended at just 16 cents on Friday
Many global investment banks have been looking to offer clients more crypto related services, responding they say to demand from institutional investors
Asia Financial's Future of Money index, a basket of 10 leading cryptocurrencies, has plunged 19% this week alone and is down 27% during the past month.
Bitcoin has lost 15% of its value in the past five days, is off 21.2% over the past month, and has plunged 29.4% so far this year.
The SPAC plans to invest in Web3, blockchain, cryptocurrency, digital ledger, e-gaming and other new financial technology and services industries
Nvidia's chips became popular for their use in crypto-mining, the process of obtaining crypto rewards in exchange for verifying transactions on distributed ledgers
The service was used in the laundering process for North Korea’s Axie Infinity heist, processing over $20.5 million in illicit proceeds, officials said
The Central Asian state would also exempt all crypto operations by domestic and foreign companies from income tax, according to a presidential decree
The first quarter figure is the largest quarterly sum ever and more than double the level seen in the same period a year ago, according to data from Pitchbook
A Harvard tech researcher has questioned the view that China shot itself in the foot by cracking down on its tech giants, saying a closer look shows it could advance their national interests