Do Kwon was supposedly a co-founder of a crashed stablecoin protocol – Basis cash The token leveraged an algorithmic model similar to UST Sources claim Basis Cash was built by…
Stakers are left stranded as LUNA’s crash continues Unstaking coins takes around 3 weeks on Terra Terra’s native token is now over 95% down from its $120 all-time high in…
Coinbase’s Q1 earnings report raised eyebrows earlier today by adding an update that states that Coinbase can leverage stored crypto funds of users in the event of bankruptcy Coinbase’s CEO…
The “big four” in Korea warn investors of LUNA’s fluctuating price Bithumb and Coinone suspended deposits for now The update follows a massive crash in the market price of LUNA…
The price of the LUNA token has dropped below $5, while the UST stablecoin has undergone a massive depegging from $1. The depegging has caught the attention of Janet Yellen,…
Quick take: Michael Saylor has clarified that MicroStrategy can collateralize its $205 million loan from SilverGate bank with its 115,109 Bitcoin holdings He also added that Microstrategy could post ‘some…
Quick take: KuCoin has raised $150 million in a pre-series B funding round at a $10 billion valuation The funding round was led by Jump Crypto with additional participation by…
Summary: The Founder of Avalanche and CEO of Ava Labs is bullish on TerraUSD (UST) ‘once the dust settles down’ He explained that only active teams could defend algorithmic stablecoins…
Summary: UST’s depegging sage over the last 72 hours has caught the attention of US Treasury Secretary Yellen US Treasury Secretary Yellen has pointed out the risks of stablecoins such…
Flow blockchain has announced a new ecosystem fund worth $725 million The fund will help spark innovation among global developers and assist them in developing new apps and games for…
Binance becomes the sole crypto sponsor for four major football competitions in Brazil The partnership covers the country’s primary football tournament – Brasileirão Assaí Three major women’s football competitions also…
President Nayib Bukele said El Salvador bought an additional 500 BTC on Monday The Central American Jurisdiction previously approved Bitcoin as legal tender in 2021 Justin Sun’s Tron DAO Reserve…
The Luna Foundation Guard used $1.5 billion from its treasury to help project the $1 peg of UST. $750 million worth of bitcoin has been budgeted for OTC trading firms.…
Quick take: The Luna Foundation Guard (LFG) has announced an elaborate plan to protect UST from depegging The plan involves loaning $750 million worth of Bitcoin to OTC trading firms…
Quick take: Michael Saylor has joked about ‘getting back to work’ at McDonald’s Mr. Saylor posted a meme of himself behind the counter of the popular fast-food chain Bitcoin has…
