(Natural News) Digital asset brokerage Voyager Digital announced in a statement issued Friday, July 1, that it has suspended all customer trading, deposits, withdrawals and loyalty rewards. Voyager’s move follows that of well-known crypto staking and lending platform Celsius, which likewise halted all withdrawals, swaps and transfers between accounts due to “extreme market conditions” on June 13. […]

(Natural News) Hedge funds tracked by Goldman Sachs Group Inc. offloaded U.S. equities for a seventh straight day Monday, June 13, as the equity rout worsened amid concerns that the Federal Reserve will need to rush its inflation-fighting campaign at the risk of causing an economic recession. Those concerns were not unfounded as the Federal Reserve on […]

(Natural News) The co-founder of Terraform Labs, Do Kwon, has reportedly been cashing out tens of millions of dollars a month prior to the crash of the TerraUSD (UST) and Luna tokens. Terraform Labs developed the Terra blockchain network and a cryptocurrency named TerraUSD. The UST was pegged to the US dollar through bitcoin reserves […]

(Natural News) The absurd but often-hyped claim that “crypto is digital gold” has collapsed. The LUNA token, part of TerraUSD “stablecoin” ecosystem, turned out to be entirely unstable, collapsing to zero after a massive hyperinflationary LUNA token creation event (combined with a redemption / selloff factor) that plunged into a death spiral this week. All […]

(Natural News) Terra creator Do Kwon is apparently a longtime scam artist who also put together the failed algorithmic stablecoin “Basis Cash” (BAC), which was launched through Ethereum in 2020. Just like the now-failed Terra coin, BAC “sought to maintain a $1 peg through code, not collateral,” according to CoinDesk. BAC ultimately failed, never reaching […]

(Natural News) Just about every cryptocurrency and digital “asset” is taking a nosedive following the collapse of Terra and Luna, a “stablecoin” duo that were supposed to be pegged to the U.S. dollar. Ethereum lost 20 percent of its value in just 24 hours while Bitcoin, the original crypto, plunged by 11.24 percent. Luna, meanwhile, lost […]

(Natural News) UST, a so-called “stablecoin” that also goes by the name of TerraUSD, along with its “sister” token Luna, have both pretty much collapsed, demonstrating that the idea of a cryptocurrency coin being stable is pure fantasy – not that the Federal Reserve’s fake fiat “Monopoly” money is any better or more stable, just […]