Bitcoin prices took an abrupt nosedive on Thursday evening following news of massive sell-offs in the hundreds of millions, sparking a widespread downturn in both futures and spot markets.
Behind Cryptocurrencies
Behind Cryptocurrencies latest news, images, analysis about A cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. It is a decentralized system for verifying that the parties to a transaction have the … See more
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Cathie Wood also alluded to the significant downfall of the crypto exchange FTX last year, stating that it effectively 'proved the concept' of bitcoin.
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Tether said, 'We think that a smooth transition is important for the long-term health of the DeFi ecosystem and its platforms, including those that use our tokens.'
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