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Citadel Securities, BlackRock, Gemini Slam Social Media Accusations of Involvement With UST Collapse
12.5.2022
A conspiracy theory that began on 4chan and was amplified by Cardano founder Charles Hoskinson has been met with swift denials by all parties allegedly involved
Cathie Wood's Ark Invest Grabs More Than Half a Million Coinbase Shares as Exchange's Stock Plummets
12.5.2022
Shares of Coinbase Global (COIN) dove almost 25% on Wednesday after reporting disappointing first-quarter earnings
Crypto Exchange Coinbase Halts Service in India Due to ‘Informal Pressure’ From Central Bank RBI
12.5.2022
The Nasdaq-listed cryptocurrency exchange Coinbase has revealed that it halted operation in India a few days after launch due to “informal pressure” from the country’s central bank, the Reserve Bank of India (RBI), says CEO Brian Armstrong. Coinbase Shares Experience in India...
Chile puts CBDC plans on hold until end of 2022 to undertake more analysis
12.5.2022
Chile’s planned start to its digital peso rollout in early 2022 has been held back while its central bank conducts more analysis to inform a new report by the end of the year
Shanghai High Court Declares Bitcoin Virtual Asset With Economic Value Protected by Chinese Law
12.5.2022
The Shanghai High People’s Court has declared bitcoin to be a virtual asset protected by Chinese law. The court notes that the cryptocurrency has economic value. Bitcoin Is Property Protected by Law in China The Shanghai High People’s Court has declared that bitcoin qualifies as...
First Mover Asia: Bitcoin at 16-Month Low as UST Collapse Shows Risks of 'Algo' Stablecoins
12.5.2022
A number of algorithm-based stablecoins have already failed; bitcoin and other cryptos see deep red
‘Dr. Doom’ Nouriel Roubini to Launch Tokenized Dollar Replacement — With Payment and ESG Features
12.5.2022
Economist Nouriel Roubini, a crypto skeptic known as “Dr. Doom,” is developing a tokenized asset intended to be a more resilient U.S. dollar. “Our goal is to create a global store of value … This is something akin to a substitute for Treasuries, or a digital asset that...
Regulators Should Pay Attention to UST
12.5.2022
Over the weekend, algorithmic stablecoin TerraUSD (UST) broke its peg. It broke it again on Monday, and has yet to recover. Regulators may have to take a closer look at this particular model of stablecoin
RIP iPod, Home Of The Mobile Gaming Renaissance (2001–2022)
12.5.2022
Pour one out for every kid who one-strapped a backpack in middle school, as they’re likely in mourning today. With Apple’s discontinuation of the 7th-generation iPod Touch, announced yesterday, it’s official: the iPod is dead.Read more
The LUNA and UST Crash Explained in 5 Charts
12.5.2022
One of the earliest signs that things were going wrong for Terra came when UST deposits on Anchor started dropping Saturday
Nintendo Showcase Standout Gunbrella Has The Best New Video Game Name Of 2022
12.5.2022
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Arrington Capital Scrubs $100M Anchor Yield Fund From Website After UST Upheaval
11.5.2022
The noted crypto investment firm removed mention of the fund from its website, citing decreased demand
Citi, Wells Fargo, BNY Mellon Invest in Crypto Firm Talos as Institutional Adoption of Digital Assets Accelerates
11.5.2022
Several major financial services firms, including Citi, Wells Fargo, and BNY Mellon, are investing in institutional digital asset technology provider Talos, which aims to remove “the barriers to wide-scale crypto adoption.” The latest funding round values the company at $1.25 billion....
After DeFi, DeSoc: Finding Web 3’s Soul
11.5.2022
By using Web 3’s building blocks to represent social identity, the ecosystem can overcome its current limitations and bring about a decentralized society
Bitcoin Miner Iris Energy Reiterates Hashrate View While Revenue Misses Estimates
11.5.2022
The miner’s adjusted EBITDA margin slipped to 48% in the fiscal third quarter versus 72% in the prior quarter and 57% a year ago
'Failure Should Be an Option,' Senator Pat Toomey Says of UST Turmoil
11.5.2022
Sen. Pat Toomey, the Banking Committee’s top Republican, doesn’t want asset-backed stablecoins tarnished by the UST drama
Market Wrap: Cryptos Extend Losses as LUNA Plunges
11.5.2022
Bitcoin (BTC) and other cryptos declined on Wednesday amid stress in stablecoins. LUNA plunged by 96% and Solana's SOL token saw a 30% dip. Option traders are seeking downside protection
'$DAI Will Die' Tweet Twisted Back on Terra's Kwon as UST Loses $1 Peg
11.5.2022
DAI briefly surpassed UST as the biggest DeFi stablecoin on Wednesday
Do Kwon Is the Elizabeth Holmes of Crypto
11.5.2022
If you promise investors something impossible, is it a crime?
Grayscale Had ‘Productive’ Meeting With SEC on Bitcoin ETF Conversion
11.5.2022
To date, the SEC has approved several futures-based Bitcoin ETF products, but has delayed or outright rejected all spot Bitcoin ETF applications