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Wework Co-Founder Adam Neumann’s Crypto Project Secures $70M, Funding Round Led by A16z
25.5.2022
The co-founder of the company Wework, Adam Neumann, is behind a new crypto project called Flowcarbon and on Tuesday, the blockchain project revealed it raised $70 million from a handful of investors and was led by Andreessen Horowitz (A16z). Flowcarbon’s chief executive Dana Gibber says...
Korean Police Ask Crypto Exchanges to Freeze Luna Foundation Guard’s Assets
24.5.2022
The South Korean police have reportedly launched an investigation into possible embezzlement involving an employee of Terraform Labs. To prevent fund transfers, the police have requested crypto exchanges to freeze the Luna Foundation Guard’s accounts. Embezzlement Investigation and Asset...
Korean Police Move to Freeze Luna Foundation Guard Assets: Report
23.5.2022
Seoul police are seeking to ban the entity from withdrawing crypto amid suspicions of embezzlement
Lockheed Martin, Filecoin Foundation to Explore Hosting Blockchain Nodes in Space
23.5.2022
The two plan to identify a test mission by August 2022
Terra fallout: Stablegains lawsuit, Hashed loses billions, Finder wrong and more....
20.5.2022
Yield generation app Stablegains is facing a lawsuit after losing around $44 million worth of user funds in the Terra collapse when it previously said it allocated funds “across a number of stablecoins”
Avalanche Says Luna Foundation Guard Has 'Disclosed No Plans' for AVAX Tokens
19.5.2022
Avalanche, the smart-contracts blockchain, says it is ready to work with Luna Foundation Guard on a “sensible trading strategy” if the tokens were to be sold
Hyperledger Foundation deploy new versions of three blockchain tools to enhance ecosystem
19.5.2022
Two of the releases are in their primary iteration, while the latter titled Iroha is a preview version of its second release
Algorand Foundation Gives Grant Award To Asalytic NFT Platform
19.5.2022
Asalytic has received the Algorand Foundation Grant Award, making it a new entrant into the Algorand ecosystem. Asalytic will enable the users of Algorand to perform an in-depth analysis of the entire collection of non-fungible tokens. NFT marketplaces based on Algorand will become available...
ShapeShift creates FOX Foundation as intermediary for successful DAO transition
18.5.2022
The entity will be dissolved upon the completion of ShapeShift’s decentralization process
Algoracle Announces $1․5 Million Seed Round
18.5.2022
PRESS RELEASE. Algoracle has recently announced the close of its seed round for $1.5 million (USD) to help accelerate the development and launch of Algorand’s native decentralized oracle network. Algoracle’s seed round was led by Borderless Capital, with major contributions from...
NEAR developers to get seamless Web3 app deployment with Pocket Network
17.5.2022
According to Pocket Network, the latest integration with NEAR allows native developers to deploy their applications on other supported blockchains, including Ethereum, Solana, Polygon and more
Luna Foundation Guard Discloses Usage of Bitcoin Reserves
17.5.2022
The Luna Foundation Guard, the entity in charge of safeguarding the peg of UST, the stablecoin of the Terra ecosystem, has revealed how it used the available Bitcoin reserve before the recent debacle involving the Terra ecosystem. The organization sold part of the bitcoins owned directly, while...
Luna Foundation Says Nearly Entire Bitcoin Stack Spent, Promises Compensation to UST Users
16.5.2022
The Luna Foundation Guard (LFG), the entity whose task was to maintain the stability of the terraUSD (UST) peg, said it spent nearly all of its bitcoin (BTC) held in reserves to defend UST’s dollar peg as it collapsed. But from what is left, users of the failed stablecoin will be compensated...
Luna Foundation Guard Left With 313 Bitcoin After UST Crash
16.5.2022
The Luna Foundation Guard (LFG), official stewards of Terra’s bitcoin reserves, released a statement today documenting how they disbursed millions of dollars worth of crypto in defense of failed UST stabelcoin’s $1 peg
Tezos Foundation Launches Fund to Collect NFT Creations by African and Asian Artists
16.5.2022
The Tezos Foundation recently said it has committed $1.23 million to a fund that will be used to collect non-fungible tokens (NFTs) created by African and Asian artists. Photographer Misan Harriman has been selected as the curator of the foundation’s permanent art collection. Supporting...
Onchain Analysis Report Says Terra’s Bitcoin Reserves Were Sent to Binance and Gemini
15.5.2022
After the collapse of Terra’s once-stable coin terrausd (UST), a number of people wondered where the Luna Foundation Guard’s (LFG) bitcoin went, as the funds were supposed to be used to defend the UST’s $1 parity. On Friday, the blockchain intelligence and analytics firm...
6 Questions for Dominik Schiener of the Iota Foundation
15.5.2022
‘A Dark Day for Crypto’ — A Deep Dive Into the Obliterated Terra Token Ecosystem and Damaged Apps
13.5.2022
Following a few days of carnage, the two leading crypto assets built on top of the Terra blockchain have plummeted to significant lows. LUNA has dropped to $0.00000100 per coin and the once-stable coin terrausd (UST) hit a low of $0.044 per unit. After temporarily halting the Terra blockchain...
Stablecoin Implosion — LUNA and UST Lose Significant Value, Downturn Ripples Across the Crypto Economy
11.5.2022
During the last few days, the crypto economy has been tumultuous as billions have fled the market in search of safety. The issues with LUNA sparked a significant sell-off as Terra’s native digital asset dropped 97% in value against the U.S. dollar in 24 hours. Terrausd has slipped 67% lower...
Avalanche drops 30% on fears Terra's LFG will dump AVAX next
11.5.2022
Luna Foundation Guard is emptying its crypto reserves to bring its stablecoin back to its $1-peg, risking a massive AVAX selloff