Reports suggest that the Singapore-based company’s legal functions are now being managed by outside counsel. Shortly after the collapse of its flagship stablecoin UST, the legal team behind handling the Terraform Labs abandoned what many consider a sinking ship. As per their LinkedIn profiles, Terraform’s Chief corporate counsel Lawrence Florio, general counsel Marc Goldich, and...Read More
Switzerland-based investment product issuer – 21Shares – is launching two private funds tailored for US accredited investors to gain exposure to crypto assets. The products will track top and mid-tiers cryptocurrencies available on US exchanges. Entering the US Market According to the press release by the firm, the two products – 21Shares Crypto Basket 10...Read More
CryptoCom has announced enabling Shopify merchants to leverage its payment solution – CryptoCom Pay – on their online storefronts. According to the official blog post, the crypto trading platform stated that the latest move should help the e-commerce company expand its reach by facilitating more ways for customers to make purchases with cryptocurrencies. CryptoCom –...Read More
Mike Novogratz – billionaire investor and CEO of Galaxy Digital – has issued a statement addressing the recent meltdown of the Terra ecosystem. He highlights lessons he’s learned from the situation but reinforces his faith in the crypto economy as a whole. The Idea That Failed In a letter to shareholders and the crypto community,...Read More
DeFi Land, a multi-chain agriculture simulation gaming project built on the Solana blockchain, has unveiled its first play-to-earn game created to gamify all aspects of decentralized finance (DeFi). DeFi Land Launches New P2E Game As per the press release shared with CryptoPotato, the game, scheduled to go live on May 18th at 8 PM UTC,...Read More
Terra’s very contentious proposal to hard-fork the blockchain has opened voting, according to founder Do Kwon. Early vote shows that more than 78 percent of the Terra community supports forking the blockchain and producing Terra Version 2.0. Approximately 21.7 percent of holders voted against the proposal and exercised their veto authority. The UST stablecoin will...Read More
Meta Platforms Inc. – the owner of the Meta (formerly Facebook) brand – filed for five trademark applications on Friday under the name of “Meta Pay”. They appear to be dedicated to a new digital payments platform that will integrate various cryptocurrency and blockchain-related products. Examining “Meta Pay” According to the applications filed on May...Read More
Jamiroquai is the latest entity to join more than 200 of The Sandbox’s partnerships that include Ubisoft, The Rabbids, Gucci Vault, The Walking Dead, Snoop Dogg, Adidas, The Smurfs, and CryptoKitties, among others. The Animoca Brands subsidiary announced the partnership with the legendary funk and acid jazz band – Jamiroquai – which is well-known for...Read More
By: Hermine Wong, Director of the Coinbase Institute Tl;dr: Today signals the launch of the Coinbase Institute, a global crypto-native think tank. Our mission is to accelerate rigorous, novel research, and to bring together the best minds across disciplines to fuel progress on decentralization, web3, and the future of finance. Today, we’re launching the Coinbase...Read More
In the aftermath of Terra’s collapse, co-founder Do Kwon now faces legal pressure from affected Korean investors. They’ve filed both criminal and civil lawsuits, alongside an order to seize Kwon’s assets. Trouble With the Law According to the Korean news outlet Munhwa, investors in both UST and LUNA filed with the court to seize Kwon’s...Read More
After an uncertain last week and with LUNA’s price dropping below 1 cent, Do Kwon, the founder of Terra Luna, announced a new revival plan on Twitter. A new governance proposal #1623 suggests renaming the existing network to Terra Classic, renaming LUNA to LUNA Classic, and birthing a new blockchain. The full proposal can be...Read More
DoraHacks, a global hacker movement and Web 3.0 developer community, has raised $20 million in a Series B1 funding round to help accelerate the growth of its Web 3.0 platform. DoraHacks Raises $20M The round was led by FTX Ventures and Liberty City Ventures, with participation from Circle Ventures, Gemini Frontier Fund, Sky9 Capital, Crypto.com...Read More
Last week’s rollercoaster continues to impact the cryptocurrency market in one or more ways, as IntoTheBlock data indicated that approximately 40,000 BTC had made their way into exchanges since May 11. While this has increased the selling pressure, there’s some good news since bitcoin actually managed to remain above $28,000, which was a pivotal mark....Read More
As huge turbulence was hovering within the space that the Terra executive had not handled the crisis in a proper way, the founder Do Kwon came up with a relief plan. As per the relief plan, the existing ecosystem would become Terra Classic with the token named LUNC. And the newly created chain would be...Read More
[PRESS RELEASE – Manly, Australia, 17th May, 2022 Bringing Art and Beauty Lovers Into Web3 The first NFT art collection from the world’s leading luxury skincare brand La Prairie in collaboration with world renowned digital artist Carla Chan – is notable for more than the innovative and inspiring art that it represents. “Space Beyond” by...Read More
Tether, the company behind the largest stablecoin by market capitalization USDT, has seen a reduction in the asset’s circulating supply after investors withdrew over $7 billion from it. Investors Losing Confidence in Stablecoins Data from CoinGecko shows that USDT’s circulating supply is currently at $75.9 billion, which is a reduction from around $83 billion a...Read More
The popular US actor, director, writer, and producer took it to Twitter yesterday to inform that he had become a victim of a phishing attack and had four NFTs stolen, which were later flagged by OpenSea. With its growth over the past year or so, the NFT industry managed to attract countless celebrities, with the...Read More
Falcone rose to fame and fortunes, amassing a fortune of $2 billion by shorting housing markets but has since squandered most of that over the past decade, according to reports. On May 17, the New York Post reported that the former hedge fund tycoon is angling to profit from TV coverage of the crypto industry,...Read More
If this crypto winter made you so poor that you cannot even pay for the fees of your crypto transactions, keep reading; Robinhood might have the perfect solution to all your problems. The popular stocks and crypto trading app, Robinhood, announced that its upcoming crypto wallet will not charge gas fees and support non-fungible tokens...Read More
The blockchain security service provider – Fireblocks – introduced a new Web3 Engine that will aid developers’ efforts to build NFT, DeFi, and GameFi products and services. Additionally, the platform enabled access to exchanges, decentralized applications, and non-fungible token marketplaces for capital market participants and alternative asset managers. The New Fireblock Web3 Engine According to...Read More
