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FTX CEO Sam Bankman-Fried Warns More Crypto Company Insolvencies Are Coming
29.6.2022
In a recent interview, Sam Bankman-Fried, the founder of the popular exchange FTX, warned that some crypto exchanges are “secretly insolvent” and may soon fail. Bankman-Fried’s FTX and Alameda Research have already helped Blockfi and Voyager Digital as the 30-year-old...
Double bubble? Terra's defunct 'unstablecoin' suddenly climbs 800% in one week
29.6.2022
The USTC price rally does not mean it would reclaim its lost U.S. dollar peg in the future
Wormhole Announces Plans to Support Terra 2.0
28.6.2022
Wormhole has announced it will support Terra 2.0 by adding Terra V2 to its network. It will enable developers to send xAssets to chains supported by the network. Plus, developers could also leverage the cross-chain messaging protocol of Wormhole to create xApps. The community of Terra 2.0 includes...
Goldman Sachs Downgrades Coinbase to Sell Rating — Analyst Says Firm Needs to Make Cost Base Reductions
28.6.2022
Analysts from the multinational investment bank and financial services company Goldman Sachs Group Inc. have downgraded Coinbase Global Inc. in a note to investors on Monday. Today, Coinbase shares are down 83.68% from the stock’s all-time high (ATH) in November 2021. Goldman analyst William...
Terra's LUNA2 skyrockets 70% in nine days despite persistent sell-off risks
27.6.2022
LUNA2 may have bottomed in June but who just who is buying this controversial token?
Mike Novogratz Now Admits That Terra's Model Was Unsustainable
27.6.2022
Galaxy Digital CEO Mike Novogratz has said that although he was “worried about the macro environment,” he was hoping bitcoin (BTC) “would stay in the USD 30,000 to USD 50,000 range.” At the same time, he argued that the model his once-favorite crypto Terra (LUNA) was built on was unsustainable....
Swiss National Bank exec: Regulators may favor centralized stablecoins after Terra crisis
27.6.2022
Thomas Moser hinted that regulations might take time as the current regulations would wipe out the decentralized ecosystem like DeFi
Anonymous Pledges to Reveal 'Do Kwon’s Entire History' Since He Entered Crypto
27.6.2022
Hacktivist group Anonymous has vowed to look into the actions of Terra (LUNA) co-founder Do Kwon since he entered the crypto space in a bid to expose his alleged crimes.
A video purportedly coming from the hacker group said that,
“Anonymous is looking into Do Kwon’s entire history since...
China’s BSN chair calls Bitcoin Ponzi, stablecoins 'fine if regulated'
27.6.2022
Stablecoins like USDT and USDC would be doing just fine if properly regulated, while Bitcoin is a "Ponzi scheme" in any case, China's BSN chair told Cointelegraph
Anonymous vows to bring Do Kwon’s ‘crimes’ to light
27.6.2022
“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
Don’t Fear the Reaper: Why the Market Downtrend Is Good for Crypto
26.6.2022
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...
Do Kwon Interview Explains He’s ‘Devastated’ by LUNA Collapse, Says ‘There’s a Difference Between Failing and Fraud’
23.6.2022
During a recent interview with the Wall Street Journal (WSJ), Terraform Labs (TFL) founder Do Kwon said he was “devastated” by the LUNA and UST implosion that took place in mid-May. He told the WSJ that he was probably a billionaire when LUNA tapped an all-time high before...
Three Arrows Capital Allegedly Owes Voyager Digital $655M — Crypto Firm Is ‘Unable to Assess’ if It Can Recover the Funds
23.6.2022
According to reports, the TSX-listed Voyager Digital is another company that has been negatively affected by financial issues tied to the crypto hedge fund Three Arrows Capital (3AC). In a letter to investors, Voyager’s management explained that 3AC potentially defaulted on a $655 million...
Stablecoins Could Still Dominate Post-Terra, S&P Says
23.6.2022
Not all stablecoins are alike, analysts note – but regulations may be needed to compel audits and investor fairness
Do Kwon Says He’s No Fraudster and Has ‘Great Confidence’ in Terra 2.0
23.6.2022
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...
Report: Crypto Hedge Fund Three Arrows Capital Pitched a GBTC Arbitrage Trade Before Rumored Collapse
22.6.2022
Last week there was a lot of focus on the crypto hedge fund Three Arrows Capital (3AC) as the firm allegedly had a great deal of leveraged positions liquidated and there’s been speculation about insolvency. According to a recent report, 3AC’s over-the-counter (OTC) operation...
Central African Republic President on BTC Volatility: ‘Mathematics Don’t Account for Human Emotions’
22.6.2022
In an apparent message to critics of the Central African Republic’s bitcoin decision, the country’s president, Faustin-Archange Touadéra, recently argued that understanding the crypto’s disruptive power is crucial and that “mathematics don’t account for human...
Elon Musk's Twitter Deal, Bitcoin Adoption Alliance, Delayed Cardano's Upgrade + More News
21.6.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Elon Musk's Twitter Deal, Bitcoin Adoption Alliance, Delayed Cardano's Upgrade + More News
Bitcoin futures enter backwardation for the first time in a year
20.6.2022
Risk-averse BTC derivatives traders throw in the towel after futures contracts trade below the spot market price
Terraform Officials Banned from Leaving South Korea as Do Kwon ‘May Apply for Singaporean Citizenship’
20.6.2022
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...