Citadel

2022 - 5 - 12

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Image courtesy of "Forbes"

BlackRock And Citadel Deny Trading Cratering Stablecoin (Forbes)

In response to widespread rumors, hedge fund giant Citadel Securities and asset manager BlackRock say they don't trade any of the notorious TerraUSD, ...

U.S. Treasury Secretary Janet Yellen cited the collapse yesterday when she called for stablecoin regulation by the year’s end. The rumor mill started two days ago when a tweet with a similar message, though notably absent any mention of BlackRock, was retweeted more than a thousand times. Last year, billionaire Citadel CEO Ken Griffin earned the ire of many cryptophiles when he outbid a group of 17,000 crypto investors to purchase an original copy of the U.S. Constitution.

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Image courtesy of "Crain's Chicago Business"

Citadel Securities and BlackRock deny involvement in fall of ... (Crain's Chicago Business)

Citadel Securities, no stranger to social-media controversies, has found itself the subject of another one.

The situation sparked a barrage of speculation about the cause. Last year, Citadel found itself subject to attacks related to its role in the meme-stock frenzy involving GameStop Corp. and other companies. TerraUSD, or UST has spiraled to new lows since breaking its peg of one-to-one to the dollar over the weekend.

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Image courtesy of "Bloomberg"

Citadel Securities, BlackRock Deny Involvement in Terra Fall (Bloomberg)

Citadel Securities, no stranger to social-media controversies, has found itself the subject of another one: the collapse of the algorithmic stablecoin ...

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Image courtesy of "Crypto Briefing"

Gemini Denies Bitcoin Loan Rumors (Crypto Briefing)

Gemini, a leading crypto exchange, has denied rumors suggesting that it made a loan leading to UST's stability crisis.

Terra’s other token, LUNA, is down 95% this week. The asset is now valued at $0.65, well below $1 but above the $0.32 mark it touched earlier this morning. The supposed asset dump was said to have caused “massive slippage and [triggered] a cascade of forced selling of both assets,” causing selloffs of Terra’s non-stablecoin cryptocurrency LUNA.

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Image courtesy of "Coindesk"

Citadel Securities, BlackRock, Gemini Slam Social Media ... (Coindesk)

A conspiracy theory that began on 4chan and was amplified by Cardano founder Charles Hoskinson has been met with swift denials by all parties.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Or was it because of a structural problem with the nature of stablecoins? The past 24 hours were among of the biggest crypto market drops in recent months.

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