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Terra halts blockchain, Tether loses $1 peg and retail traders stay on sidelines: CNBC Crypto World


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CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what’s ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today’s show, Joel Birch, CEO of Stacked, explains why he thinks Terra’s turmoil won’t spread to other stablecoins. He also discusses his outlook for crypto going forward.

00:00 – CNBC Crypto World, May 12, 2022
0:26 – Crypto continues decline
0:54 – The headlines
2:59 – Joel Birch of Stacked

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Terra halts blockchain, Tether loses $1 peg and retail traders stay on sidelines: CNBC Crypto World

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32 Comments

  1. Has Tether lost something? I think this is incorrect information. This can sow unnecessary panic. The leash is stable as always.

  2. It <makes sense, BTC and crypto is off helping to regulate, rather than pretend it won't ever happen. The big institutions getting in is the catalyst that will launch us into the stratosphere. Most people don't like change but after the change is made they grow used to it and it becomes a non issue usually because their fears never materialize. And benefits they were unaware with before turn out to be far more beneficial. Few if any rug pulls. The projects that initiated the process of regulation have not been ruined, they got involved in setting guidelines and helping the regulators understand the crypto space. I’d get involved more knowing that I have made over 16` btc from day-trade with Mike Hart Crypto in few weeks

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  4. Compared to the losses of other stable coins, Tether has lost a little more.

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