Do Kwon: ‘I Am Heartbroken’ Over Pain Caused by UST Collapse

Posted: 13 May 2022 03:32 PM PDT

The admission comes after the stunning demise of the Terra blockchain's flagship project.

Popular Crypto Data Sites Targeted With Phishing Attack

Posted: 13 May 2022 03:07 PM PDT

Etherscan, CoinGecko, DeFi Pulse and other sites displayed a suspicious pop-up asking users to connect their wallets.

Argentina Was at the Cusp of a Crypto Boom. The Central Bank Had Other Plans

Posted: 13 May 2022 02:45 PM PDT

The local monetary authority surprised banks by banning them from offering crypto, but so far it's left local exchanges alone.

Market Wrap: Cryptos Are Higher After a Volatile Week

Posted: 13 May 2022 01:34 PM PDT

Bitcoin (BTC) bounced around $30K on Friday, although some analysts expect a period of low returns. Meanwhile, there has been less interest in stablecoins amid volatility.

‘Stable in Name Only’: Stablecoin Issuers Speak Out as UST Craters

Posted: 13 May 2022 12:00 PM PDT

Asset-backed projects want regulators to know: Not all stablecoins are created equal.

Bitcoin Oversold, Resistance at $33K-$35K

Posted: 13 May 2022 11:33 AM PDT

Bitcoin (BTC) is on track for its first consecutive seven-week decline – a sign of negative price momentum. The relief bounce could stall with resistance nearby.

The Human Cost of Lunatic Hubris

Posted: 13 May 2022 11:28 AM PDT

erraform Labs' Do Kwon and his collaborators sold a bad bet to tens of thousands of everyday folks. We're beginning to see how immense the harm was.

LUNA Exchange-Traded Product Issuances Halted After Price Shellacking

Posted: 13 May 2022 10:14 AM PDT

Do Kwon’s Proposed Terra ‘Revival’ Puts UST, LUNA Holders in Charge

Posted: 13 May 2022 10:05 AM PDT

A "Revival Plan" submitted Friday by the Terraform Labs CEO would redistribute ownership of the network.

Coinbase, MicroStrategy and Other Crypto Stocks Finally See Some Relief After Recent Losses

Posted: 13 May 2022 08:45 AM PDT

Shares of many crypto-related stocks had been battered during the week.

Why the Fed Will Go Back to Easy Money

Posted: 13 May 2022 08:31 AM PDT

Amid a recession and political paralysis, the Federal Reserve will have no choice but to revert to quantitative easing. What will that mean for cryptocurrencies like bitcoin?

CleanSpark, Hut 8 Stocks Lead Bitcoin Miner Rally as Markets Bounce Back

Posted: 13 May 2022 08:28 AM PDT

Those miners with larger operations and lower costs are winning favor with investors amid volatile market conditions.

Grayscale Bitcoin Trust Discount Widens to All-Time Low of 30.79%

Posted: 13 May 2022 08:21 AM PDT

The product is one of the only ways for accredited investors in the U.S. to gain exposure to the price movements of bitcoin.

First Mover Americas: Bitcoin Holds $30K After Turbulent Week, Altcoins Trade Up

Posted: 13 May 2022 05:47 AM PDT

The latest moves in crypto markets in context for May 13,2022.

Galaxy Digital Sees Quarter-to-Date Loss of $300M

Posted: 13 May 2022 05:40 AM PDT

Cryptocurrency-focused financial services firm Galaxy Digital (GLXY) said it expects it had a loss of around $300 million so far this quarter.

Terra Blockchain Resumes Following 9-Hour Halt

Posted: 13 May 2022 04:52 AM PDT

The Terra blockchain has resumed activity following a halt of around nine hours while validators plotted a route out of its ongoing crisis.

Elon Musk Says He's Committed to Twitter Deal After Putting It on Hold

Posted: 13 May 2022 03:31 AM PDT

Tesla CEO Elon Musk has stated that the $54.20-a-share deal to take over Twitter is on hold, due to media reports around spam bots.

Nomura Starts Trading Crypto Derivatives, Joining Rivals Goldman, JPMorgan

Posted: 13 May 2022 02:56 AM PDT

The Japanese investment bank began trading cryptocurrency derivative contracts this week, joining rivals including Goldman Sachs and JPMorgan in giving clients a way to access the crypto market.

OKX Delists Terra's LUNA and UST Citing User Protection

Posted: 13 May 2022 02:23 AM PDT

The two crypto exchanges ended trading related to the Terra tokens after UST lost its peg and LUNA slumped more than 99%.

Cardano’s ADA Jumps 40% to Lead Recovery in Major Cryptos, Sentiment Remains in 'Extreme Fear'

Posted: 13 May 2022 02:11 AM PDT

Crypto markets added over 13% to capitalization in the past 24 hours even as inflation concerns persist.

Crypto-Related Stocks in Asia See Volatile Trading Amid Bitcoin Recovery

Posted: 13 May 2022 12:30 AM PDT

Traditional market investors risked off publicly traded companies related to the crypto sector amid a drop in prices this week.

LUNA, UST Still Available on FTX and Other Exchanges Despite Terra Blockchain Halt

Posted: 12 May 2022 09:19 PM PDT

Transactions conducted during the blockchain halt are not considered to be final as they can't be settled.

Terra Validators Halt Blockchain for Second Time to Plot Next Steps

Posted: 12 May 2022 07:32 PM PDT

The blockchain was halted earlier Thursday after the governance token LUNA fell in price.

Yellen Call for 'Responsible' Crypto Innovation Is Right

Posted: 12 May 2022 06:41 PM PDT

Pennsylvania Congressman Glen Thompson has proposed a thoughtful, well-formulated blueprint for "crypto regulation" that aligns with the U.S. Treasury Department's proposals.

First Mover Asia: Terra’s Planetary Collapse Is Taking Down Crypto Lending, Altcoins Plummet

Posted: 12 May 2022 04:51 PM PDT

Data suggests that many traders are moving their assets from DeFi protocols; bitcoin rallies after falling below $26,000 in Thursday trading.

Core Scientific Cites Crypto Market Turmoil in Lowering Its Growth Outlook

Posted: 12 May 2022 03:48 PM PDT

The miner is also being approached with potential M&A deals as some other miners are struggling to finance their growth.

Kevin Zhou on UST's Roller-Coaster Ride and Where It Goes From Here

Posted: 12 May 2022 03:10 PM PDT

The Galois Capital co-founder foresaw the problems with UST, and joined CoinDesk TV's "First Mover" to discuss what could happen to it now.

QuickNode Acquires NFT Analytics Platform Icy Tools

Posted: 12 May 2022 02:52 PM PDT

Financial details for the blockchain development platform's first acquisition were not disclosed.

N.Y. Man Arrested, Charged With Fraud for Alleged Role in $59M Crypto Pyramid Scheme

Posted: 12 May 2022 02:44 PM PDT

A New York man has been arrested and charged with fraud for his role in alleged crypto investing scheme "EminiFX."

Libra Creator David Marcus Begins New Lightning Network Venture, Lightspark

Posted: 12 May 2022 02:15 PM PDT

Details are vague, but Lightspark has raised an undisclosed funding round co-led by Andreessen Horowitz and Paradigm.

Luna's Collapse Shows DeFi's Dire Need for Technical, Regulatory Controls

Posted: 12 May 2022 01:57 PM PDT

Derivatives' Old Guard Fights FTX Chief Over Plan to Cut Out Middlemen

Posted: 12 May 2022 01:49 PM PDT

FTX chief Sam Bankman-Fried spent hours before U.S. lawmakers Thursday defending his request to allow customers to directly clear margin-backed crypto derivatives. The existing derivatives industry and its allies argued he's seeking a power that could stretch well beyond crypto.

FTX CEO Sam Bankman-Fried Buys 7.6% Stake in Robinhood

Posted: 12 May 2022 01:47 PM PDT

The buy represents a 7.6% stake in the popular trading app.

Core Scientific Cuts Hashrate Outlook, Q1 Revenue Misses Estimates

Posted: 12 May 2022 01:30 PM PDT

Despite the news, shares of the miner were up in after-hours trading.

Market Wrap: Bitcoin Stabilizes as Altcoins Underperform; Expect More Volatility

Posted: 12 May 2022 01:18 PM PDT

Bitcoin (BTC) is experiencing less selling pressure relative to some altcoins, which is a risk-off signal. Analysts expect more volatility because of ongoing stablecoin risks.

Bill Miller Sold Some of His Bitcoin to Meet Margin Calls

Posted: 12 May 2022 12:24 PM PDT

The longtime bitcoin bull remains so, reminding that he's held the crypto through three 80% drawdowns.

Meltem Demirors: 'If I Dress Like a Disco Ball, Let Me'

Posted: 12 May 2022 12:10 PM PDT

She's a crypto OG. Stylish. Unapologetic. And a priestess of her own cult.

Bitcoin Holding Support Above $27K; Resistance at $35K-$40K

Posted: 12 May 2022 11:36 AM PDT

Bitcoin (BTC) could see a short-term relief bounce as countertrend exhaustion signals appeared on the daily chart. Still, negative long-term momentum means upside is limited from here.

Crypto Risk Monitoring Firm Solidus Labs Raises $45M

Posted: 12 May 2022 10:43 AM PDT

Liberty City Ventures led the round for the market surveillance and risk monitoring startup, which has several ex-regulators as backers or advisors.

Block’s Stock Would Shine if It Not for Its Link to Bitcoin, Mizuho Says

Posted: 12 May 2022 09:35 AM PDT

Block's fundamentals are improving, but the company's association with bitcoin is weighing on its shares, according to the investment bank.

LUNA, UST Issuer Terra Restarts Blockchain After Brief Shutdown

Posted: 12 May 2022 09:29 AM PDT

The price of LUNA has fallen too low to prevent governance attacks, according to Terraform Labs.

Terra, Web 3 and Acceptable Risk in Innovation

Posted: 12 May 2022 09:26 AM PDT


Brazil’s Largest Brokerage, XP, Set to Launch Crypto Trading Feature

Posted: 12 May 2022 09:03 AM PDT

Built on Nasdaq's trading technology, the platform will allow users to buy bitcoin and ether.

Teller Finance Diversifying DeFi With Travel Insurance

Posted: 12 May 2022 09:00 AM PDT

Teller's CreditFi platform lets USDC holders earn yield by lending capital to Koala Insurance.

Investor Concerns About Galaxy Digital's LUNA Exposure Are Overblown, BTIG Says

Posted: 12 May 2022 08:50 AM PDT

Galaxy Digital's stock has plummeted more than 40% this week, but a BTIG analyst says LUNA-related concerns are unwarranted.

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