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16 May 2022
Do Kwon Apologizes to the Terra Community
Do Kwon, the Terra blockchain project's brains, has apologized to Terra ecosystem and crypto community members for the recent depegging tragedy. Terra's algorithmic stablecoin, UST, depegged from
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16 May 2022
Nigeria has issued new crypto rules to increase adoption
The Securities Exchange Commission (SEC) of Nigeria has issued new laws for the issuing and usage of digital assets in the nation, including cryptocurrencies. In April 2021, Coinfomania reported
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14 May 2022
Do Kwon Bets $11 Million on LUNA Hitting and Staying Above $88
Terra creator Do Kwon gambled about $11 million with two crypto traders on the price of LUNA in March, in a move that has likely aged like milk. Kwon bet that LUNA would trade over $88 in March 2
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14 May 2022
Coinbase’s stock has dropped to an all-time low
Coinbase, the largest cryptocurrency exchange in the United States, has had an extremely difficult week with the release of a poor first-quarter financial report that featured a contentious disclosu
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14 May 2022
Bitcoin Now Accepted By UAE’s Largest Airline
Emirates, the United Arab Emirates' (UAE) largest airline, has revealed plans to incorporate "bitcoin as a payment facility." The airline's Chief Operating Officer (COO) Adel Ahmed Al-Redha indic
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14 May 2022
What distinguishes this bear market from the last one
Crypto.com CEO Kris Marszalek described the devastating drop in the market as a "very terrible day." Total market value losses in the previous seven days total $570 billion, or -33 percent. With
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13 May 2022
CZ Explains Why Binance Discontinued LUNA and UST
Changpeng Zhao, better known as CZ, is the founder and CEO of Binance. Speaking from his own Twitter account, he explained why he decided to remove LUNA and UST from Binance. TerraUSD (commonly k
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13 May 2022
Chainalysis is Now worth $8.6 Billion
Chainalysis, a blockchain analytics business, revealed Thursday that it has secured $170 million in a Series F fundraising round at a $8.6 billion value. This indicates that the company's valuati
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12 May 2022
Tether Was Prepared for a Bank Run
Tether CTO, Paolo Ardoino, told us last month that the cryptocurrency was ready for a bank run. Ardoino and the Tether team have done simulations of a 2008-style financial catastrophe and think that
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12 May 2022
Michael Saylor Thoughts on Bitcoin Tanking
Bitcoin's difficulties are poised to worsen as the crypto asset's price fell further Wednesday, trading at $27,194.41 at one point. Bitcoin's price has recently dropped to its lowest level in 16 mon
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12 May 2022
Five US states ordered Online Casino to close down NFTs
Texas, Wisconsin, Kentucky, New Jersey, and Alabama regulators have issued a cease-and-desist order against Flamingo Casino Club, a virtual platform where users may acquire non-fungible tokens (NFTs
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13 May 2022
Do Kwon’s Recovery Plan For TerraUSD (UST)
Do Kwon, CEO of Terraform Labs, proposed a possible "solution" to the enormous crash that LUNA and UST suffered over the previous few days. TerraUSD (UST), a stablecoin linked 1:1 to the US dollar,
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11 May 2022
Do Kwon To Surrender LUNA To Aid the UST Peg
Do Kwon, the founder of Terra, announced plans to support the floundering Terra cryptocurrency on Wednesday. However, his strategy is expected to put even more pressure on LUNA costs. Terra (LUNA
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10 May 2022
Tron Founder Buys Buys The Dip
El Salvador's president and crypto enthusiast, Nayib Bukele, recently revealed that his government upped its whole BTC holdings by 500 coins in an investment move targeted at taking advantage of the
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10 May 2022
El Salvador Buys 500 BTC Amidst Dip
El Salvador, a Central American country, has added another 500 bitcoins ($15.5 million) to its portfolio during the recent major market sell-off. El Salvador's president, Nayib Bukele, revealed o
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09 May 2022
Bitstamp Has a New CEO
Following the departure of Julian Sawyer, Bitstamp, one of the world's oldest crypto exchanges, has named Jean-Baptiste (JB) Graftieaux as its new worldwide CEO. Bitstamp announced on Monday that
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09 May 2022
Nigeria’s Looty aims to digitally restore stolen African art
Looty, a Nigerian art-focused company, has devised a method for Africans to view all of the art that was lost during the colonial era. Chidi, a 34-year-old Nigerian creative designer and creator
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09 May 2022
US promises $15m for information on the Conti ransomware
The US Department of State has offered two separate $15 million rewards for information on the Conti ransomware organized crime ring. Any information that leads to the identification or location
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08 May 2022
Esco Property Group’s Solution to Crypto Investments
People are starting to recall what it feels like to be normal again after a couple of years of anxiety caused by the COVID-19 outbreak, the world's response to it, and the global economy's difficult
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08 May 2022
Zora Gets $50 Million From Crypto Funds
Zora, a marketplace for non-fungible tokens (NFTs), said earlier this week that it had secured $50 million in its current investment round. Haun Ventures led the round, which increased the compan
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07 May 2022
The Governor of California to regulate blockchains
California Governor Gavin Newsom signed an executive order aimed at supporting blockchain innovation in the state on Wednesday. California is the first state in the United States to provide a com
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07 May 2022
Uzbekistan Legalizes and Taxes Solar-Powered Crypto Mining
According to a presidential directive issued earlier this week, Uzbekistan would allow crypto mining using solar-powered electricity. According to Reuters, the decision also exempted both domesti
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07 May 2022
Short Bitcoin ETF reaches an all-time high
On Friday, an exchange-traded instrument that shorts Bitcoin (BTC) hit a more than two-month high, as the world's largest cryptocurrency led a dramatic slide in the market. The 21Shares Short Bit
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06 May 2022
Senator Warren questions Fidelity about their Bitcoin 401(k) plans
Senators Elizabeth Warren and Tina Smith have written to Fidelity on the company's decision to enable Bitcoin investments in its 401(k) programs. The letter questioned the investment firm's failu
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06 May 2022
By NFT Sales Volume, Solana is now the second-largest protocol
Solana, a popular open source Blockchain that assists smart contracts, has had a significant market performance in recent months. Solana's NFT sales volume resulted in it being the second-largest pr
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06 May 2022
China Relationship With Crypto Takes a Dramatic Turn
A high court in Shangai, China largest city and a global financial center, has recognized Bitcoin as property under Chinese law, putting the government against its own anti-crypto stance. Accordi
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05 May 2022
Crypto miners in Kazakhstan now required to provide detailed reports
Kazakhstan has implemented new reporting criteria aimed at determining the pace at which crypto miners consume energy. Every crypto-miner in the country is required to disclose complete details a
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05 May 2022
Fashion Designer Phillip Plein Dives Into Crypto
Many firms are testing the waters in the cryptoverse in order to move the fashion sector into new ideas and trends. Fortunately, the crypto sector has opened its arms wide, ready to accept and flour
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05 May 2022
As the US raises interest rates, Bitcoin and Ether see a potential surge
The Federal Reserve hiked its interest rate by a half percentage point on Wednesday as it works to reduce its $9 trillion asset portfolio. Experts believe that this could bring a huge price surge fo
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05 May 2022
Binance Makes a $500 Million Investment in Elon Musk’s Twitter Bid
Binance, the world's largest cryptocurrency exchange, appears to be one of the sources of funding for Elon Musk's takeover of Twitter. Musk confirmed the move in a filing with the Securities and Exc
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05 May 2022
Rapper Rick Ross Mocks Crypto Investors
Rick Ross, a popular American hip-hop singer, recently mocked cryptocurrency investors in a viral video, claiming that he does not think they are wealthy. According to the Maybach Music Group CEO
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04 May 2022
India intends to levy a 20% tax on DeFi transactions
The Central Board of Direct Taxes (CBDT) of India intends to charge a 20% tax on interest received from investments in decentralized finance (DeFi). The Economic Times, a local news outlet, reported
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04 May 2022
JD Vance, a Bitcoin enthusiast, has won the Ohio Senate race
JD Vance has won the Republican Senate primary election in Ohio, establishing him as the GOP's nominee in the highly anticipated Senate contest against Democrat Tim Ryan. Both parties are fielding c
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03 May 2022
Dfinity is suing Meta for using its logo
The Dfinity Foundation, the creator of the Internet Computer Protocol (ICP), has filed a lawsuit against Facebook's parent company, Meta, for using the infinite symbol as its logo. Dfinity claims
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03 May 2022
Algorand to Be The Blockchain Sponsor of FIFA World Cup
Algorand, a blockchain technology business, has signed a sponsorship and technical agreement with the Fédération Internationale de Football Association (FIFA), the world's governing body of associat
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03 May 2022
Cardano (ADA) Market Update 05/03
Cardano (ADA), the native token on the namesake blockchain, recently fell to a more than one-year low due to whale dumping and a larger crypto crisis. However, its reduced prices are drawing substan
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02 May 2022
BAYC raised more than $300m in virtual land sales
Bored Ape Yacht Club (BAYC), a leading non-fungible token (NFT) project, has generated over $300 million in virtual land sales from its metaverse called Otherside. Yuga Labs, the designer of BAYC
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02 May 2022
DeFi Lending Platforms Lost Over $80M in the Recent Attack
DeFi exploits have been a recurrent issue this year, with roughly $1 billion lost in in the first quarter alone. BlockSec, a blockchain analytics and security firm, disclosed a new $80 million DeFi
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18 Feb 2023
Europe Will Continue to Be on Top of Worldwide Web3 Development
Ten of the top 30 web3 cities in the world are located in Europe, demonstrating the region's rapid rise to prominence in web3 technology. According to recent claims made by the European venture capi
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01 May 2022
ApeCoin (APE) Forecast 05/01
ApeCoin (APE) caught its bulls off surprise, with the APE price dropping roughly 40% in three days. The price of APE achieved its second-highest level on April 28, reaching $27.57, a gain of more th
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01 May 2022
Will Elon Musk’s Crypto Be Impeded If He Sells Shares to Fund Twitter?
According to data from the Lead Lag report, Tesla's shares plummeted 5.56 percent on Tuesday as speculations circulated that Musk would be selling part of his huge ownership of the company's stock t
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30 Apr 2022
How the Ripple vs. SEC Case is Going
Judge Analisa Torres has revised a planned timeline in the SEC v. Ripple case in an attempt to conclude hearings before the end of the year. According to the Thursday document, the Judge issued f
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30 Apr 2022
Garlinghouse in Support For United States Crypto Bill
Ripple CEO Brad Garlinghouse praised both Democrat and Republican politicians on Saturday for their efforts to achieve comprehensive crypto regulation in the United States. Garlinghouse's remarks
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30 Apr 2022
Over 60% of Brazil Thinks Crypto is the Future of Finance
According to a research by the crypto exchange Kucoin, more than half of the Brazil adult citizens believe that crypto will eventually take over as a store of value and a means of payment. Brazil
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29 Apr 2022
Bitcoin halving research suggests a bottom of $24,000 before year end
One of the most hotly debated subjects in the crypto industry is the four-year halving cycle for Bitcoin (BTC) and its impact on the leading cryptocurrency's long-term pricing. After failing to r
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29 Apr 2022
Goldman Sachs Now Offering Bitcoin-backed Loans
Goldman Sachs, a Wall Street heavyweight, has made its first Bitcoin-backed loan to a client. According to a Bloomberg article published on Thursday, the banking giant's secure lending facility allo
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28 Apr 2022
Deus Finance hacked for over $13 million
The DeFi protocol, Deus Finance, has recently been attacked, with hackers siphoning out $13.4 million in cryptocurrency, according to blockchain security firm PeckShield, which notified on Twitter i
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29 Apr 2022
Cuba Is Adopting Cryptocurrency Regulation
According to Reuters, Cuba central bank issued new directions for virtual asset service providers operating in the nation in order to tighten control of the crypto industry. Cuban people will be
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