Bitcoin Rebounds to $30,000 Despite Gary Gensler’s Warnings

investing.com Bitcoin rallied by 5.63% on Thursday. This happened despite the former SEC Chair, Gary Gensler, warning investors of the possibility of even more crypto pain. BTC reversed its 5.75% loss from Wednesday by ending the...

Avalanche States LFG Has Not Disclosed Plans for Its AVAX Tokens

investing.com Avalanche, a smart-contract blockchain, revealed in a tweet that Luna Foundation Guard —the entity behind the reserve fund set up to backstop the Terra blockchain’s now failed UST stablecoin, has “disclosed no plans”...

Court documents reveal Do Kwon dissolved Terraform Labs Korea days before LUNA crash

cointelegraph.com A revelatory discovery of legal documents could provide greater context to the catalyst of the infamous LUNA and UST price crash

Tether CTO talks UST; How is it Different from USDT?

watcher.guru Tether and Bitfinex CTO, Paolo Ardoino, was the latest guest on the Reimagine Unplugged podcast this week, where he…

ProBit Global Introduces Convenient Fiat Option for Traders to Buy Crypto with Credit Card

coinspeaker.com Place/Date: - May 20th, 2022 at 10:31 am UTC · 2 min read Source: ProBit Global According to the multinational financial services corporation Visa, consumers buying crypto with a card or completing payments using...

Terra’s Do Kwon Investigated for Running a Ponzi: Report

cryptobriefing.com South Korean prosecutors are reportedly weighing whether they could charge Do Kwon for running a Ponzi scheme by promising unsustainably high fixed interest rates on UST deposits via Anchor Protocol....

YC-backed DeFi startup Stablegains faces a lawsuit after losing $44M of users' funds by investing them in UST, after earlier claiming it was investing in USDC

cryptobriefing.com Stablegains Faces Lawsuit After Losing $44M on UST Stablegains has been accused of misleading customers about where their money was going. Key Takeaways Yield generation app Stablegains is facing a...

Terra fallout: Stablegains lawsuit, Hashed loses billions, Finder wrong and more..

investing.com Fallout from the collapse of the Terra ecosystem continues to unfold with the United States-based yield generation app Stablegains facing potential legal action over its losses from the event. Users believe...

Terra raises aUST initial token float to 30% in revival plan amendment

forkast.news Terra has increased its initial token float — tokens that are tradable upon issuance — from 15% to 30% for pre-attack Anchor Protocol UST stakers (aUST) and post-attack LUNA and UST holders, in the latest update to...

Terra, UST collapse pushes G-7 call for swift crypto regulation

forkast.news Finance ministers from the Group of Seven (G-7) urged the Financial Stability Board (FSB) to accelerate crypto regulations following the downfall of the Terra blockchain and its terraUSD (UST) algorithmic stablecoin,...

Do Kwon Dissolved Terraform Labs Korea Days Before Collapse of Terra LUNA, UST

bitcoin.com Official records show Do Kwon dissolved Terraform Labs Korea, closing down its headquarters and sole branch just days before the collapse of terra crypto (LUNA) and stablecoin terrausd (UST). Do Kwon Shut Down...

Here’s How the Collapse of TerraUSD Will Impact Stablecoins, According to Bloomberg Strategist Mike McGlone

dailyhodl.com Senior Bloomberg analyst Mike McGlone says algorithmic stablecoins relying on market growth may be done for the foreseeable future. In a new interview with Cointelegraph, the commodities strategist says that the...

Try topping this: PizzaDAO celebrating Bitcoin Pizza Day with 100 parties worldwide

investing.com Pizza DAO, the decentralized blockchain project seeking to unite the global community of pizza fanatics with the technological potential of Web3, are celebrating Sunday's Bitcoin Pizza Day in authentic style. On...

SWIFT, Capgemini team up to test using the international network for CBDC transfers

investing.com The Society for Worldwide Interbank Financial Telecommunication, or SWIFT, the Belgian financial messaging network used by banks in international money transfers, announced Thursday that it is teaming up with French...

LUNA/UST’s Collapse Was As Damaging For Crypto As Mt. Gox, Says Prominent Blockchain Founder

forbes.com Avalanche founder Emin Gun Sirer, who diagnosed the fatal flaw in Ethereum's infamous DAO hack, said that this month's collapse was even bigger. He feels that it reaches the level of Mt. Gox and expects that this...