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Bitcoinminers aren’t giving up in China despite Beijing’s ban on the practice.

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Investors have withdrawn more than $7 billion from tether since it briefly dropped from its dollar peg, raising fresh questions about the reserves underpinning the world’s largest stablecoin.

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Investors have been eager to find out what happened to the $3 billion in bitcoin bought up by crypto firm Terra to back its failed stablecoin. Now, they’ve got their answer.

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The blockchain behind the collapsed TerraUSD stablecoin and the affiliated Luna token stopped processing new transactions for the second time in less than a day.

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Bitcoin dropped below the $27,000 level as a recent sell-off in the cryptocurrency space continues.

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The two main tokens from embattled crypto project Terra are now in freefall.

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Within a decade, 1 billion people will have used or tried crypto, up from about 200 million currently, Coinbase Global Inc,. Chief Executive Officer Brian Armstrong said at the Milken Institute Global Conference on Monday.

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The price of bitcoin climbed about 6% Wednesday after the Federal Reserve raised rates by half a point —the biggest hike in about 20 years — as expected.

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The idea of a super app first took off in China, where WeChat is used for everything from sharing photos to hailing a taxi. A U.K. startup pledges to bring that concept to cryptocurrencies.

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Grayscale Investments LLC, which runs an almost $30 billion Bitcoin trust, is getting ready to expand into Europe, according to Chief Executive Officer Michael Sonnenshein. 

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