South Korean prosecutors have summoned Terraform Labs employees for a thorough investigation, local reports say. They also want to investigate whether Do Kwon manipulated prices. These new investigations are taking place as Terra tries to revive itself with a new blockchain. South Korean authorities have begun a thorough investigation of Do Kwon and Terraform Lab …
Monthly archives: May 2022
10% Of Ethereum’s Circulating Supply Now Staked In ETH 2.0
Quick take: Over 12 million Ethereum tokens have been pledged towards ETH 2.0 so far. Deposits from more than 73,000 addresses were recorded by Monday. The staking rate hit 10.72% over the weekend. More than 1/10 of ETH’s circulating supply is now locked up for The Merge. The switch from Proof-of-Work to Proof-of-Stake might happen …
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Nike’s Subsidiary RTFKT purchases ‘DotSwoosh’ ETH domain name for $35,000
The rationale for Nike’s dotswoosh acquisition on Friday (27-05-2022) is yet unknown. Some of the anonymous reports say Nike may be preparing to utilize the domain to sell items. ENS subdomains in the future subdomains The principal domain holder owns these domain names. The sportswear company Nike has announced that it would buy RTFKT in …
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What Are The Biggest Crypto Venture Capital Firms?
Traders’ increasing risk exposures, fueled by lax monetary policy and the wake of COVID-19 pandemic lockdowns, indicated that more investment than it had as ever flowed into cryptocurrencies. Undoubtedly, the year 2021 set a new high for crypto venture capital financing. According to a report on venture capital investment, cryptocurrency startups received an increase of …
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Metaverse Vs. Virtual Reality: A Detailed Comparison
The financial, digital, and physical worlds are getting increasingly intertwined with each other. By just pressing a single button, the technologies we engage in have full control over our lives, giving us access to practically anything we wish for. Metaverse is a comparable technology that will allow users to enter the actual virtual world and …
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No Carbon-Neutral Bitcoin ETF for One River – Says US SEC
Agencies around the world have been on the fence about Bitcoin since the beginning due to its potential for fraud and manipulation. Recently, the US Securities and Exchange Commission (SEC) rejected One River Digital’s proposal for a Bitcoin ETF – Exchange Traded Fund that allows one to buy carbon credits. SEC didn’t waste any time …
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Terra Collapse Effect: Crypto Projects and Protocols Migrate to Polygon
Terra Blockchain shook the entire blockchain ecosystem the moment it crashed, losing its peg to the dollar by a large margin. Part of it was because TerraUST was an algorithmic Stablecoin – not backed by fiat currencies, and partly because Anchor promised 20% returns from staking – which was unsustainable. As soon as users started …
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One Crypto Project Could Gain Unbelievable Influence Over Ethereum, According to Coin Bureau
A widely-followed crypto analyst says one decentralized autonomous organization (DAO) may amass a monumental influence over leading smart contract platform Ethereum (ETH). In a new video update, the pseudonymous host of Coin Bureau known as Guy tells his two million YouTube subscribers that liquid staking protocol Lido Finance could eventually become the de facto governance …
Gov’t says crypto miners consume 2% of total electricity in Russia
Crypto miners account for two percent of the total electricity consumption in Russia, according to the latest government estimate. The energy consumption share of the crypto mining industry has exceeded the country’s agricultural sector, showing signs of recovery after Russia fell out of the top three in the global Bitcoin (BTC) mining hash rate share. …
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South Korean authorities reportedly probe staff behind Terra
The South Korean government continues to investigate Terraform Labs, the firm behind the Terra Network as well as Luna (LUNC) and Terra USD (UST) tokens, by reportedly summoning subpoenas to employees. South Korean authorities have reportedly summoned all employees at Terraform Labs as part of a full-scale investigation of the collapse of UST and LUNC, …
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Bitcoin Lightning Network capacity crosses 3900 BTC marking a new ATH
Unwithered by the ongoing bear market, Bitcoin’s (BTC) underlying architecture continues to outperform itself — further securing, decentralizing and speeding up the impenetrable peer-to-peer network. The same holds true for the Bitcoin Lightning Network (LN). The Bitcoin Lightning Network capacity attained an all-time high of 3915.776 BTC as evidenced by data from Bitcoin Visuals, displaying a commitment …
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Binance Coin Price Prediction for Today, May 29: BNB Hits a Resistance
Binance Coin Price Prediction – May 29The BNB/USD market operation hits a resistance point as the smaller SMA trend line has been instrumental in the trending determination over time. The depression inflicted on the Binance Coin market valuation by the US Dollar is estimated at around -1.20% as it trades at the $303 value line. …
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Waves, STEPN, Helium lead top 100 crypto recovery
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The total crypto market cap sees inflows of $57 billion, bringing double-digit gains for several mid-caps. Meanwhile, large caps also benefited, with Cardano and Solana posting the most significant gains in the top 10. Since May 28, inflows have steadily lifted …
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Op-ed: How Do Kwon, Terra could have set crypto back 10 years
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The fallout from the collapse of Terra could be even more significant than we first thought. I recently wrote a piece claiming that the crypto industry is under attack from multiple angles, and witnessing the current sentiment within the community, I …
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The quantum future is coming and David Chaum’s xx network is ready for it
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! “The choice between keeping information in the hands of individuals or of organizations is being made each time any government or business decides to automate another set of transactions. In one direction lies unprecedented scrutiny and control of people’s lives, in …
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