collapse

The entire stablecoin market is now worth more than $160 billion.Justin Tallis | AFP via Getty ImagesRegulators are getting increasingly worried about stablecoins after the collapse of controversial cryptocurrency venture Terra.TerraUSD, an "algorithmic" stablecoin that's meant to be pegged one-to-one with the U.S. dollar, has erased much of its value this week after a stunning run on the bank that saw billions of dollars suddenly evaporate from its market value.Also known as UST, the cryptocurrency operated using a…

As the Terra crisis draws on, some of the largest cryptocurrency exchanges in the world have begun to delist Terra’s UST stablecoin and its linked Luna token, citing a need to protect users from risk. Binance, the largest cryptocurrency exchange by trading volume, halted the trading of Luna and Terra on Thursday. The OKX exchange — one of the top 10 by volume — took the same action shortly afterward. The FTX exchange and other smaller exchanges continue to list and trade the Luna and UST tokens. The delistings come in…

Nitin Gadkari, Minister of Road Transport and Highways of India was amazed when an IAS officer gave him the reason for a bridge collapsing. The IAS officer said that the bridge collapsed because of the “strong winds”. The minister said, “Mere to baat samajh me nahi aa rahi hai ki hawa dhundh se kaise bridge girega? Kuch naa kuch galati hogi” This translates to” I cannot understand how can a bridge collapse due to strong winds. There must be some error because of which the bridge collapsed.” Also read: Modified Royal…

A week later, several of those staffers received packages from CNN: boxes filled with network-branded gear, from pens to food containers, as well as items such as a popcorn maker and headphones, people who received the gifts said. Some came with welcome notes. “This is an incredible time to be part of CNN,” one note said. “Build relationships and take time to connect with colleagues and learn so that you make the most of your time here.” The ill-timed gifts, which CNN says were sent mistakenly, were another…

A pool of meltwater in a crevasse in an Alaskan glacier. Though ice-cold, these pools of water can melt the underlying ice and punch all the way through the glacier, draining to bedrock and lubricating a glacier's downhill flow, facilitating rapid collapse and sudden sea level rise. Credit: Whyjay Zheng, UC Berkeley As climate change warms the planet, glaciers are melting faster, and scientists fear that many will collapse by…

Amazon won’t be fined or cited by US safety officials after a tornado caused one of its Illinois warehouses to collapse, killing six workers, according to a letter sent to Amazon on Tuesday from the Occupational Safety and Health Administration (or OSHA). The regulator says that it has a few recommendations for the company after its investigation, where it interviewed workers and reviewed records and the facility’s emergency action plan. OSHA’s letter still flags a number of concerns with Amazon’s handling of the…