CoinMarketCap published this video item, entitled “Will Terra Restore $UST Peg? & Are Your Coinbase Funds Safe? [Crypto Espresso 05.12.22]” – below is their description.
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🔵 CoinMarketCap Daily:
• Terra Implements New Measures to Restore UST Peg
The Terra Foundation tweeted a new plan that is to restore the peg of UST and stake 240 million LUNA in the process.
https://coinmarketcap.com/alexandria/article/terra-implements-new-measures-to-restore-ust-peg
• Tether Briefly Loses Its Peg Amidst Market Panic But Recovers
Another stablecoin was under attack during the Asian trading sessions, as Tether briefly dipped below $0.95.
• Germany’s Ministry of Finance Clarifies Crypto Taxation — Crypto Holdings to Remain Tax-Free After 1 Year
Cryptocurrency will remain tax-free in Germany if you hold it for at least one year, according to a communiqué by the German Ministry of Finance.
• Funds at Coinbase Are Safe Says Armstrong
Coinbase denied the risk of bankruptcy after its stock plunged to new lows.
https://coinmarketcap.com/alexandria/article/funds-at-coinbase-are-safe-says-armstrong
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