As the Terra (LUNA) co-founder and CEO Do Kwon breaks his silence about the collapse of the algorithmic stablecoin Terra USD (UST) and LUNA, the community responded with various sentiments against the Terra executive. Despite Kwon’s attempts to clear his name in an interview, community members remain unhappy with the Terra CEO. In a tweet, …
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Tina.Org has called out celebrities for endorsing NFTs without disclosing their material connection with them The team had also sent letters to several celebrities, urging them to disclose their intent behind promoting such NFTs on social media Consumer watchdog/regulator Tina.Org popularly known as Truth In Advertising has recently published a statement calling out famous Hollywood …
The U.S. Federal Reserve said on August 15 that it plans to publish guidelines for crypto firms to access Fed master accounts and payment services. A master account allows financial institutions to be part of the global payments system without intermediary banks. According to the press statement, the regulator said institutions offering new types of …
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Acala has successfully burnt 1.288 billion aUSD reportedly lost to hackers during the Sunday exploit. Following the mint error on the horizon protocol, the community unanimously approved a referendum to burn all erroneously minted tokens. As a result, 1.2 billion aUSD has been taken out of circulation to help mitigate the risk of the exploit …
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Ethereum is the foundation of the decentralized finance ecosystem and is automatically categorized as a decentralized network. On paper, Ethereum is a decentralized and democratic network based on a deflationary currency. In reality, it’s neither decentralized nor deflationary. Defying deflation In September 2021, Ethereum’s London hard fork introduced EIP-1559, an upgrade set to drastically change …
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Ghana’s ongoing economic woes appeared to worsen in July after data from the country’s statistical agency, Ghana Statistical Service, suggested that the inflation rate is now nearly 31.7%. The nearly 2% increase in the country’s inflation rate comes at a time when the local currency is reported to have depreciated by as much as 30% …
“Durmientes,” a new movie that will be directed by Gibran Bazan, a Mexican filmmaker, aims to be funded fully by the sale of a series of non-fungible tokens (NFTs). The NFTs, which will be sold on Metaown, a Mexico-based NFT marketplace, and designed by artist Gabriel Colin, will feature 3D models that will be connected …
Galaxy Digital Holdings and the company’s CEO and founder Mike Novogratz announced the company has “exercised its right to terminate” a previously announced acquisition of Bitgo. According to Galaxy the termination of the deal was due to Bitgo’s “failure to deliver” audited financial statements for 2021. Galaxy Ends Deal With the Crypto Custodian Bitgo On …
FET/USD experienced serious market struggle on the 14th of August between the buyers and the seller ended in favour of the sellers. The daily trading session on the 14th of August suggests that the buying pressure recovered pushing the price closer to its starting point. Then on the 15th, the following day, buying pressure took …
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Considering a slowdown caused by the ongoing battle between Ripple Labs and SEC, the investors wonder when Ripple price Can hit $1. In December 2020, the Securities and Exchange Commission (SEC) filed a complaint against the blockchain tech business and two of its senior executives. The banking authority has charged them with trading $1.3 billion …
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The richest wallet on the Ethereum (ETH) network increased in value by almost a billion dollars over the past 30 days on the back of strong ETH rallies. According to blockchain tracking service Whalestats, the whale known as Naruto went from a balance of just over $1.98 billion on July 15th to more than $2.96 …
Singapore-based crypto lending platform Hodlnaut is seeking judicial management to manage its ongoing liquidity crisis and avoid the forced liquidation of assets in the current bear market. The crypto lender informed its users in a Tuesday announcement that they have applied to the Singapore High Court to be placed under judicial management. The firm said: “We are aiming …
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The market performance of blue chip nonfungible tokens (NFTs), often considered a good long-term investment, revisited its all-time low range for the second time since June 2022 — falling down below 10,000 Ether (ETH) in the blue-chip index maintained by NFTGo. Blue chip NFTs marked their best performance not too long ago, on April 29, …
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Brazilian brokerage giant XP Inc has officially launched its crypto trading platform XTAGE in Brazil, bringing a potential 3.6 million users to the crypto markets. The news was broke in a Monday post by the Nasdaq Exchange Twitter account, noting that XP had rung the exchange’s “Opening Bell” to celebrate the launch of the XTAGE …
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A recent spike in short-term BTC holders could signal a “final flush” of sellers, meaning the capitulation events have played out, leaving the market ready for months of accumulation. The latest The Week On Chain report from market analysis firm Glassnode on Aug. 15 points out that short-term holders (STHs) have expanded their holdings by …
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