THELOGICALINDIAN - The worlds better asset administrator Blackrock and barrier armamentarium behemothic Citadel Securities accept denied claims that they had a role in the abatement of terrausd UST and terra LUNA In accession crypto barter Gemini has denied authoritative a bitcoin accommodation that resulted in the terra collapse
Blackrock, Citadel Securities, Gemini Deny Rumors
Following the collapse of terra (LUNA) afterwards algebraic stablecoin terrausd (UST) absent its peg to the U.S. dollar this week, rumors accept been circulating that Blackrock, Citadel Securities, and Gemini had some allotment in the fall. The three companies bound denied the accusation.
According to the rumors, Blackrock and Citadel Securities adopted 100K BTC from cryptocurrency barter Gemini and swapped 25% for UST. The two companies after dumped the UST and BTC, abolition the prices of the two cryptocurrencies.
On Wednesday, the official Twitter annual of Blackrock, the world’s better asset manager, tweeted:
The asset administrator afresh backed Circle Internet Financial Ltd., the issuer of addition stablecoin alleged USD Coin (USDC). Circle’s stablecoin is currently the fourth-largest crypto with a bazaar cap of about $50 billion.
Cryptocurrency barter Gemini additionally denied the rumors. The aggregation tweeted Wednesday:
Hedge armamentarium behemothic Citadel Securities analogously said that it had annihilation to do with the collapse of the stablecoin UST. A adumbrative of the close told Bloomberg that the aggregation “does not barter stablecoins, including UST.”
In March, Citadel Securities said that it affairs to appoint in authoritative markets in cryptocurrencies over the advancing months.
The collapse of LUNA has annoyed the crypto market. At the time of writing, the amount of the cryptocurrency has collapsed to $0.035, bottomward about 100% over the accomplished 24 hours. Meanwhile, UST alone to a low of $0.30 on Wednesday but has aback bounced aback to the accepted amount of $0.60.
Do you anticipate Blackrock, Citadel Securities, and Gemini had a role in the collapse of terra? Let us apperceive in the comments area below.
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