Terra revival plan puts UST, LUNA holders in charge
Terraform Labs founder Do Kwon proposed a “Terra Ecosystem Revival Plan” in a forum post on Friday.
Crypto News
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The desk's complete reporting record, newest first.
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Terra blockchain stops then restarts following LUNA price collapse
After the Terra token (LUNA) fell to below 2 cents in the day plunging over 99%, validators halted chain operations in anticipation of governance attacks and to implement a patch that prevents new actors from staking on the network.
Terra’s LUNA Drops to Under $5 After 94% Weekly Plunge
Terra’s LUNA fell 85% in the past 24 hours, marking the third consecutive day of declines for the cryptocurrency. In the past two days, Anchor, Terra’s largest DeFi protocol, lost more than $10 billion worth of value.
Markets Crash as LUNA Approves $1.5B in Bitcoin and UST Loans to Support Falling TerraUSD
After TerraUSD stablecoin loses its peg to the dollar, LUNA Foundation approves a $1.5 billion Bitcoin and UST loan.
Account vs eUTXO: Which is better?
Digital money needs to be transferable in order to be useful. In a blockchain, a transaction is initiated by the owner of the money.
Crypto bridge hacks total more than $1 Billion as cEX’s explore alternatives
Recent high-profile crypto bridge hacks are driving crypto exchanges and other applications to offer more secure alternatives.
Ex-Twitter Jack Dorsey’s Block Brags 10 Million Cash App Bitcoin Account Purchases
As of the first quarter of 2022, Block, previously known as Square, generated $1.73 billion through its Cash App bitcoin sales.
OpenSea Discord Hack, NFT’s Stolen in fake YouTube Phishing Attack
OpenSea Discord hack goes to show that even the biggest NFT marketplaces can’t keep their channels safe from scammers.
Theta Labs and Sony join forces to launch 3D NFTs for Sony’s spatial reality display
Using Sony’s Spatial Reality Display, the limited-edition collection will be displayed as solid 3D objects without use of accessories.
U.S. Blacklists Crypto Mixer Used to Launder Proceeds from Axie Infinity Hack
On Friday, the Treasury Department announced sanctions against a crypto mixer it accused North Korea of using as part of its malicious cyber activities program to launder stolen digital currency.
Will NFT Subscriptions become the Future of Media?
NFT subscriptions are bearer assets that flip the relationship between publisher and reader. The benefits are huge and they give power to the end user.
SEC: Nvidia fined $5.5M for failing to disclose crypto revenue
ch giant Nvidia, which has aggressively expanded into gaming, agreed to pay a $5.5 million fine for failing to disclose cryptomining as a significant source of revenue growth.
Binance gets regulatory nod in France, paving the way for Europe push
The world’s largest crypto exchange, Binance, said in a blog post on Thursday that it has gained regulatory approval to provide digital asset services in France.
Binance is Among Investors in Musk’s Twitter Takeover
The world’s largest crypto exchange Binance was among the equity investors in Elon Musk’s Twitter takeover deal, according to an updated Schedule 13D filing with the Securities and Exchange Commission (SEC) on Wednesday.
Gucci to accept crypto in stores as brand embraces web3
By the end of the month, Gucci will begin accepting cryptocurrency payments in five of its United States stores, with plans to extend it to all 111 stores in North America.
SEC’s crypto enforcement plans criticised by Hester Peirce
Hester Peirce, a member of the Securities and Exchange Commission (SEC), took to Twitter on Tuesday to express her opposition to the addition of 20 new jobs to the regulatory agency’s crypto enforcement squad.
Volatility In ApeCoin price as Elon Musk Changes Twitter Profile Picture To BAYC
Bored Ape Yacht Club’s native token, ApeCoin (APE), surged and then fell during the European trading session amidst tweets from Tesla founder and now Twitter owner Elon Musk.
ApeCoin now on Polygon amid NFT mint controversy
Polygon now supports ApeCoin, enabling more than 19,000 decentralized applications (dApps) and games to use it. APECoin DAO board member Yat Siu stated that there are currently “no discussions” about an exclusive chain for APE.
Crypto.com Reinstate Staking Rewards After Community Outrage
A day after discontinuing the reward program, Crypto.com CEO Kris Marszalek said the firm would continue to offer staking rewards to its card users.
SEC to Add Staff to Ramp Up Crypto Cyber Security
The SEC announced the allocation of 20 new positions to the unit charged with protecting investors in crypto markets and against cyber-threats. There will be 50 dedicated positions in the newly renamed Crypto Assets and Cyber Unit (formerly known as the Cyber Unit).
Algorand blockchain is FIFA’s first US World Cup sponsor since 2011
FIFA announced a deal with blockchain technology provider Algorand to sponsor the men’s World Cup, the first American sponsor in 11 years. The deal is also a “technical partnership” to help FIFA develop a digital assets strategy.
Failed Rainbow Bridge Attack on NEAR Protocol Costs Attacker 2.5 ETH
The Rainbow Bridge for the NEAR Protocol was attacked on May 1. Alex Shevchenko, CEO of Aurora Labs, says that no funds have been stolen, and the attacker even lost money.
GBA publishes its first Blockchain Maturity Model (BMM)
Blockchain-based solutions are being acquired by some governments. Despite this, they have little experience with blockchain-based systems, such as acquiring, implementing, and maintaining them.
BAYC Otherside NFTs generate $285 million, clogging up Ethereum
https://twitter.com/yugalabs/status/1520612362986078208
Is Steady Stack Titans NFT the next BAYC?
Steady Stack is pioneering a subscription-based model for NFT’s that is both innovative and appealing to the market. The project is bridging the gap between subscriptions and software-as-a-service, merging them into the ecosystem of non-fungible tokens that they are developing.
Solana restarted following an outage caused by a surge of transactions
Validators of the Proof-of-Stake blockchain Solana completed a cluster restart at 11 p.m. EST on Saturday after the network was unable to reach consensus for nearly seven hours.
Top crypto firms poach U.K. cops with triple pay
Some of the biggest crypto firms, including Coinbase, Chainalysis and Binance, are actively recruiting former law enforcement employees and offering them salaries more than double or triple what they are earning now.
New stake pool with gauge is available on the Polygon Network by Curve
The TrueUSD(TUSD) and am3-Curve DAO Token (CRV) pool launched on Curve’s Polygon network with the gauge feature, one of only seven pools on Curve’s Polygon network that have it. The TUSD-am3CRV pool is supported on Curve’s Ethereum network as well.
Dogecoin jumps 20% as Twitter accepts Elon Musk’s $43 billion offer
A deal to sell Twitter to Elon Musk for around $43 billion in cash is expected to be finalised soon, a price Elon Musk called his “best and final” offer for the social network.
Cryptocurrency exchange Coinbase launches its NFT marketplace beta
On April 20, Coinbase launched its non fungible token (NFT) marketplace, allowing select buyers and sellers to trade these digital collectibles. General access to the platform is planned within the next few months.
Twitter reacts to the Russian government’s review of the crypto bill
The Russian finance ministry has shared the updated and finalized crypto bill with the government, recommending that cryptocurrencies be accepted as legal tender.
XRP SEC lawsuit is going exceptionally well, according to Ripple’s CEO
Brad Garlinghouse is increasingly optimistic that the case with the US Securities and Exchange Commission will result in a positive outcome for the blockchain-based global payments company.
Adding tokens to the Polygon Network from other chains
The Polygon Bridge facilitates transactions between the Polygon (MATIC) and Ethereum (ETH) blockchains. By using smart contracts, users can transfer ERC tokens and NFTs to the Polygon sidechain.
Ava Labs in New Funding Round at $5 Billion Valuation
According to sources familiar with the matter, Ava Labs Inc., the lead developer of the Avalanche blockchain, is in the process of raising a second round of funding.
Elon Musk offers more than $40 billion for Twitter
Tesla CEO Elon Musk has proposed a $43.4 billion (£33 billion) deal to buy Twitter, claiming the social network has “extraordinary potential” for boosting free speech and democracy worldwide.
Zero-Knowledge Identity Platform for Web3 is launched by Polygon
The layer two (L2) scaling solution that has run parallel with Ethereum’s blockchain since March 29, has now unveiled a new identity platform called Polygon ID.
Charles Hoskinson Reacts to Criticism Over Cardano’s DeFi Ecosystem Growth
Charles Hoskinson, founder and CEO of Cadano, has once again responded to critics — this time around Emin Gün Sirer, the founder and CEO of Avalanche’s Avalabs.
Historic ‘New Petro-Asset’ Move Could Send Bitcoin’s Price To $1 Million
Several isolated but seemingly connected developments have sparked wild speculations about bitcoin’s potential role in the global financial system.
Cardano NFT space and Metaverse record growth
As of this writing, Pavia, Cardano’s first Metaverse project, has over 22,000 landowners holding pavia.io land NFTs. The NFT-Maker platform has generated hundreds of thousands of NFT projects for the Cardano ecosystem.
Former Barclays Traders Amass Bored Ape Yacht Club NFT Collection
Two former Barclays Plc traders have swapped junk bonds for non-fungible tokens, amassing a collection of Bored Ape Yacht Club art in a bet on the growing lure of digital collectibles.
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