WEF 2022, May 24: Latest updates from the Cointelegraph Davos team
24.5.2022
The third day of WEF 2022 will see the OECD secretary-general share his thoughts on a reimagined global tax system and industry experts discussing DeFi as the future of decentralized governance
Terra 'Revival Plan 2' Set to Pass, But There is Still Confusion within Community
24.5.2022
The Terra (LUNA) ecosystem "Revival Plan 2," the latest revival plan proposed by the Terraform Labs founder and CEO Do Kwon that was put to vote last week, is nearing its deadline and is set to be confirmed.
By Tuesday morning (UTC time), 66.33% of participants have voted in the support of...
Get Real, Lagarde — The Underlying Asset ‘Guaranteeing’ Your Euro Scam Coin Is a Gun
24.5.2022
With the approaching tsunami of central bank digital currencies (CBDCs) looming ever closer, it shouldn’t come as a surprise when central banks shill their coins at the expense of sounder assets. Recently, European Central Bank president Christine Lagarde went so far as to say that...
Ex-Deutsche Telekom Team Launch Liquid Staking Division at Crypto Custodian Finoa
24.5.2022
Cryptocurrency custodian Finoa has established a unit for liquid staking helmed by former members of Deutsche Telekom's blockchain team with help from staking specialist StakeWise
Law Decoded: The long waves in the aftermath of UST’s crash, May 16-23
24.5.2022
Officials from all over the world continue discussing the solutions for stablecoins' risks
Coinbase offers 'thousands of tokens' in expanded swap service
24.5.2022
Coinbase has added BNB Chain and Avalanche to its list of supported networks for the Coinbase Wallet which will give traders far greater access to tokens that are not listed on the Coinbase exchange
FTX reportedly shopping for brokerages in preparation for stock trading
24.5.2022
Amid its plans to roll out stock trading services, FTX has reportedly met with at least three brokerage start-ups over the past few months regarding potential acquisitions
Crypto Firms Launch Community-Powered Scam Reporting Platform ‘Chainabuse’
24.5.2022
Several crypto firms, including Binance and Circle, have launched a new crypto scam reporting platform. The tool “empowers anyone in the crypto economy to warn others about scams, hacks or other fraudulent activity as they encounter it.” New Crypto Scam Reporting Platform Launched...
Bitcoin and Ethereum Keep Failing Near Key Hurdles, LRC Rallies
24.5.2022
Bitcoin price attempted an upside break above the key USD 30,500 resistance zone, but failed to gain strength for a clear move and corrected lower. It is currently (04:03 UTC) down 3% in a day and is trading near USD 29,300. BTC is also down 2% in a week.
Similarly, most major altcoins...
India’s Central Bank Governor Warns About Crypto After Collapse of Terra LUNA, UST
24.5.2022
India’s central bank, the Reserve Bank of India (RBI), has warned about investing in the crypto market following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). “We have been cautioning against crypto and look at what has happened to the crypto market...
eBay drops first NFT collection to non-crypto mainstream buyers
24.5.2022
"You don't have to be a crypto expert to buy, sell, and collect NFTs. OneOf and eBay are bringing transformative Web3 technology to the next 100M non-crypto-native mass consumers," said OneOf CEO Lin Dai
South Korean police request exchanges freeze LFG related funds
24.5.2022
Police in South Korea have contacted the country’s leading exchanges to freeze any funds linked to the embattled Luna Foundation Guard