Saturday, May 21, 2022
Harry Dent believes that Bitcoin will not escape a prolonged global bearish market that is just beginning. The pioneering cryptocurrency could become the financial standard to replace gold in a digital economy. The...
Do Kwon, the founder of Terra, promised to use the Bitcoin of the LFG if the value of UST dropped to defend its parity. The crash of the Terra ecosystem caused UST to fall below 30...
Amid the Terra ecosystem's problems, the legal team that brought legal support to the project left their positions. The lawful process gets led by an external lawyer backing up Terraform Labs during all the struggles derived...
Novogratz highlighted that Galaxy Digital also felt the weight of what happened with the Terra ecosystem, especially since they got listed as investors in the project at the end of 2020. The famous...
The CRS raised policy issues related to the risk that the crash of the stablecoin UST poses. They stated there might be gaps in the regulatory frameworks for stablecoins, restricting the assets that could back them.
The director of the Bank of England aims at the increases in interest rates decreed by state entities in various nations, which would leave less capital to invest in the crypto space. However, the official leaves...
The whales transferred 58,410 BTC from unknown wallets to exchanges and 26,228 BTC vice versa. Those long-term holders moved 14,034 BTC between the former platforms but did not make any peer-to-peer transfers. Over...
Vitalik Buterin urged Terra to focus on the poorest 99.6% of wallets to allow for the full recovery of its investors. Even though he did not ask for regulation, he highlighted that potential hedges, like financial...
Although the official vote, a preliminary poll reveals that the Terra community would not be overwhelmingly in favor of forking and creating a new version of the network as proposed by Do Kwon.
The LFG shared the volume of cryptocurrencies they held in their reserves and promised to compensate UST users. The price of TerraUSD dropped from nearly USD 19 billion to below USD 2 billion, severely hitting its...

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