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Weekly News

Terra’s LFG Sells $750M of Bitcoin, UST Depegs by 7% (Luna Price Update)

  • Post author:admin
  • Post published:May 13, 2022
  • Post category:Weekly overview

Terra’s native stablecoin TerraUSD (UST), which has been the talk of the town for the last few weeks now, is at its worst at the moment. Stemming from UST liquidations…

Continue ReadingTerra’s LFG Sells $750M of Bitcoin, UST Depegs by 7% (Luna Price Update)

Terra’s LFG Buys Another $1.5B of Bitcoin for the $10B Stablecoin Reserve

  • Post author:admin
  • Post published:May 13, 2022
  • Post category:Weekly overview

With the goal of promoting and developing a decentralized economy through the non-profit organization, Terra created the Luna Foundation Guard (LFG), which has been a massive support for the network…

Continue ReadingTerra’s LFG Buys Another $1.5B of Bitcoin for the $10B Stablecoin Reserve

Twitter Receives $7.2B in Equity Commitments from Binance and 17 Other Investors

  • Post author:admin
  • Post published:May 13, 2022
  • Post category:Weekly overview

On May 4, Elon Musk, being the sole owner of Twitter after his $44 billion acquisition, filed an amendment to Schedule 13D under the Securities Exchange Act of 1934. According…

Continue ReadingTwitter Receives $7.2B in Equity Commitments from Binance and 17 Other Investors

How to protect yourself from the recent spate of ‘crypto muggings’

  • Post author:admin
  • Post published:May 13, 2022
  • Post category:Weekly overview

Cointelegraph spoke with security experts who shared tips on how to keep crypto safe after a slew of robberies in the UK successfully stole thousands worth of crypto from everyday…

Continue ReadingHow to protect yourself from the recent spate of ‘crypto muggings’

Aurora launches $90M fund to finance DeFi apps on Near Protocol

  • Post author:admin
  • Post published:May 13, 2022
  • Post category:Weekly overview

Aurora, an EVM scaling mechanism on the Near protocol, has launched a $90 million token fund in partnership with Proximity Labs to attract new developers. Aurora, an Ethereum Virtual Machine…

Continue ReadingAurora launches $90M fund to finance DeFi apps on Near Protocol

Coinbase junk bonds tank amid market rout and creditors’ fears

  • Post author:admin
  • Post published:May 13, 2022
  • Post category:Weekly overview

“Nothing about Coinbase changed this week, we are the same company we were yesterday, or a year ago. If anything, we are in an even stronger position given our balance…

Continue ReadingCoinbase junk bonds tank amid market rout and creditors’ fears

Shanghai court affirms that Bitcoin is virtual property, subject to property rights

  • Post author:admin
  • Post published:May 13, 2022
  • Post category:Weekly overview

A district court in Shanghai ruled for Bitcoin owner’s right to compensation in case involving unpaid loan and decided on Bitcoin legal status in the process. The Shanghai High People’s…

Continue ReadingShanghai court affirms that Bitcoin is virtual property, subject to property rights
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