The cataclysmic fall of the Terra ecosystem last week wiped nearly $40 billion off the cryptocurrency market, leaving UST and LUNA investors (both retail and investment firms) in severe losses. As those affected by the crash are seeking ways to either move on or take legal action against Terra’s Do Kwon, leading crypto research and...Read More
On May 20, OpenSea unveiled Seaport, a brand new Web3 NFT marketplace for trading popular token collections. The new decentralized protocol is not just for OpenSea, but all developers, content creators, and collectors can build on it. Seaport is taking a different approach to the standard model of NFT trading, which involves a platform facilitating...Read More
Litecoin has finally announced the activation of Mimblewimble Extension Blocks (MWEB) more than two years after it was first introduced. On May 2nd, Litecoin achieved the 75% network consensus threshold required for activation after months of dialogue with different miners of the network. Following this, MWEB officially locked in for activation at block height 2257920....Read More
The collapse of crypto Luna and its associated terraUSD stablecoin were really Unexpected. whereas many of us were unknown to UST before, and what actually the stablecoin stands for. It’s a big deal, as billions of dollars in crypto wealth have been vaporized by their diving shockwaves throughout the market. Looking at the graph of...Read More
The effect of an impulsive loss has taken over $15 billion from crypto value. And there are reports recorded about self-harm by those who have lost most of their savings in UST. A Lot of people have sold off big parts of their crypto portfolio to recoup some of the damage, pulling the entire market...Read More
LVMH-owned Swiss luxury brand Tag Heuer announced earlier this week that it will accept a total of twelve major cryptocurrencies plus five stablecoins as payment options on its US website. The globally renowned watchmaker had previously revealed that it would soon allow digital currency payments on all websites. An Early Push into Web3 Tag Heuer’s...Read More
The recent havoc in the crypto market wreaked by Terra’s collapse has put stablecoins under the spotlight again. As of now, the next move by America’s top financial watchdog (the Securities and Exchange Commission) on crypto regulations remains unclear. An SEC Commissioner revealed in a recent interview that stablecoin regulations might not fall into SEC’s...Read More
A lot has been said about Do Kwon, his cryptocurrency project, and the failure of the two native digital assets in the past two weeks. One of them included owning $78 million in taxes to South Korea, but Kwon refuted this, saying his firm had paid its dues. CryptoPotato summarized the events that transpired two...Read More
On May 22, the cryptocurrency community celebrates international Bitcoin Pizza Day. Less than two years after Satoshi Nakamoto published the nine-page Bitcoin whitepaper, Laszlo Hanyecz legitimized the use of cryptocurrency with the purchase of two pizzas for 10,000 BTC. Bitcoin Pizza Day There are thousands of cryptocurrencies, but Bitcoin, even to this day, remains an...Read More
The global crypto market cap increased by 1.83 percent to $1.26 trillion on May 22, indicating that most cryptocurrencies benefited. After failing to hold the $30,000 level, Bitcoin (BTC) has continued to decline. Volatility has decreased recently, implying that there will be fewer abrupt movements over the weekend. If the rate falls below $29,000, the...Read More
After two days of silence, Do Kwon, the founder of Terra Luna, took to Twitter to respond to various questions and accusations from the community, discussing multiple issues regarding his proposal to fork the Luna network and clarifying his whereabouts. Terra Luna Revival Plan 2 Luna’s second proposed revival plan looks to fork the chain...Read More
