“There is no doubt that there are many more crimes to be discovered in your trail of destruction,” hacktivist group Anonymous said on its YouTube channel. Hacktivist group Anonymous has pledged to “make sure” Terra co-founder Do Kwon is “brought to justice as soon as possible” in regards to the collapse of the Terra (LUNA)…
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Sergey Vasylchuk is the Co-founder & CEO of the staking provider Everstake.______ As bitcoin (BTC) sunk below the USD 20,000 mark, the panicking voices filled with eschatological fervor seemed to come from around the community. The same USD 20,000 mark that five years ago looked like a pinnacle of cryptocurrency success is now a…
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Apparently, Voyager Digital is out of the woods. The company ran into liquidity issues when Three Arrows Capital failed to pay a huge loan to them. Welcome to another chapter of the crypto death spiral caused by the Terra/ Luna collapse. Who came to the rescue this time? Sam Bankman-Fried’s other company, Alameda Ventures. Is…
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Do Kwon, the co-founder of Terraform Labs has spoken out about the Terra 2.0 network, which was launched in the wake of last month’s devastating luna classic (LUNAC) and terraUSD (UST) crash. Speaking to the Wall Street Journal, Kown said he had “great confidence” in his team’s “ability to build back even stronger than…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: Elon Musk’s Twitter Deal, Bitcoin Adoption Alliance, Delayed Cardano’s Upgrade + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
Risk-averse BTC derivatives traders throw in the towel after futures contracts trade below the spot market price. Bitcoin’s (BTC) month-to-date chart is very bearish, and the sub-$18,000 level seen over the weekend was the lowest price seen since December 2020. Bulls’ current hope depends on turning $20,000 to support, but derivatives metrics tell a completely…
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South Korean prosecutors have banned an unspecified number of current and/or former Terraform Labs officials, including developers, from leaving the country. KBS, the South Korean state broadcaster, reported that the identity of two of the number had been confirmed – and that both were former high-ranking officials at the company or its affiliates…. Read…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________… Read More: First Short Bitcoin ETF in US, FATF Not Happy With VASPs, Inactivity Fee on Bitstamp + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
It seems that tokenomics is in crisis. Where before a superficially deflationary monetary system was enough to draw in investors, the Terra collapse and the ongoing downturn have likely had an irreversible impact on the perceptions of traders, who now may think twice before throwing their money in with a coin that claims ‘strong…
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All options are on the table for 3AC after this week’s crypto market collapse triggered mass liquidations for the hedge fund. Crypto-focused hedge fund and venture capital firm Three Arrows Capital is considering the sale of remaining assets and even a bailout as it grapples with the prospect of insolvency in the wake of a…
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