Coinbase junk bonds plummet due to market turmoil and creditors’ concerns
Coinbase’s junk bonds are plummeting in value, owing to poor first-quarter performance and concerns about what would happen if the...
Month: May 2022
It’s Time To Call Algorithmic Stablecoins Something Else, Says FTX Crypto Exchange CEO Sam Bankman-Fried
FTX cryptocurrency exchange founder Sam Bankman-Fried is weighing in on the future of stablecoins after two top cryptos suffered staggering...
Crypto Exchange Coinbase Announces TerraUSD (UST) and Wrapped Terra (WLUNA) Trading Suspensions After LUNA Crash
Crypto exchange giant Coinbase is announcing plans to suspend trading of TerraUSD (UST) and Wrapped Luna (WLUNA) on all levels...
Bitcoin price could bounce to $35K, but analysts say don’t expect a ‘V-shaped recovery’
Altcoins saw a relief bounce on May 13 as the initial panic sparked by Bitcoin's sell-off Terra's UST collapse and...
Crypto Biz: Luna’s meltdown will live on in infamy, May 5–11, 2022
Terra’s meltdown forced cryptocurrency investors to ask a question they never thought was possible: Will TerraUSD (UST) or Terra (LUNA)...
Bitcoin Price Prediction for Today, May 13: BTC Price Battles with $30,000
The Bitcoin price prediction is likely to spread the bearish move below $29,000 after numerous attempts to hold gains above...
Luna CEO Do Kwon proposes forking LUNA, UST to reimburse hodlers
Luna Foundation Guard CEO, Do Kwon, has written a proposal that suggests forking LUNA to a new chain using a...
US prosecutors recommend minimum 1 year prison sentence for BitMEX co-founder Arthur Hayes
U.S. Prosecutors have filed a sentencing recommendation in the case against BitMEX co-founder Arthur Hayes seeking minimum one-year imprisonment. The...
Bitfinex CTO plays down reports that Tether was in trouble
During a Twitter Spaces conversation on May 12, Bitfinex CTO Paolo Ardoino dismissed reports that Tether was in trouble. In...
El Salvador’s over $100 million Bitcoin purchase is now worth $66 million
El Salvador’s Bitcoin (BTC) investment is performing poorly, with the value of the more than 2,000 units it holds falling...
LUNA, UST re-listed on Binance – ‘there is progress’
Binance said it will relist LUNA/BUSD and UST/BUSD have been re-listed after being taken down early May 13. Following a...
Robinhood stock surges after SBF acquires 7.6% stake in retail trading giant
Sam Bankman-Fried, the founder of FTX and Alameda Research, has acquired a 7.6% stake in Robinhood. SBF’s acquisition triggered an...
Proposed Crypto Mining Ban in Norway Fails to Gain Support in Parliament
A push to prohibit the energy-intensive proof-of-work mining of cryptocurrencies in Norway has been rejected by the majority of lawmakers....
Stablecoin Shuffle — Terra Fiasco Shakes up Fiat-Pegged Crypto Economy, Over $35 Billion Disappears
According to statistics on Friday, May 13, the top stablecoins by market capitalization are currently worth $163.7 billion after the...
Lido Deploys Additional Curve Pool to Improve Liquidity Around Bonded ETH Peg
On Friday, the value locked in decentralized finance (defi) protocols dropped to a low of $110.35 billion after there was...
