Three Lawyers Left Terraform Labs After UST Collapse — The Block
Three members of the Terraform Labs legal department resigned after the collapse of the algorithmic stablecoin TerraUSD (UST) and the LUNA token. According to The Block, citing a source, all legal cases are currently being handled by a third-party specialist. Resignations from
The European Central Bank Set a Release Date of the Digital Euro
European Central Bank board member Fabio Panetta said the ECB could issue a digital euro (CBDC) before 2026. During a speech at the National College of Ireland, Panetta noted that this is a very complex project, the preparation for the launch
Terra Community Rejects Kwon’s Idea Of a Hard Fork And a New Token Airdrop
Terraform Labs CEO Do Kwon recently proposed launching a new blockchain under the old name, thus creating a hard fork, and airdropping tokens for users. According to Kwon’s plan, the new version of the blockchain will retain the old name and
NFT News: Investment NFT Explorer in Smartphone, Spotify NFTs, Zoo Rescue and Help For Refugees
A mobile application focused on NFT was invented especially for investors, the Spotify streaming service is testing NFT support for some users, they decided to save the Australian Zoo with nonfungible tokens, and a Ukrainian artist helps to feed refugees
Twitter Algorithms Manipulate Users — Elon Musk
Elon Musk said that the algorithmic feed on Twitter manipulates users, and therefore it should be switched to a chronological one. “The algorithm manipulates you so much that you don’t even realize it. You only need to switch back and forth
British Treasury Is Against the Legalization of Algorithmic Stablecoins
The British Treasury, in the Financial Services and Markets Bill, introduced rules to regulate stablecoins as a payment mechanism. However, the innovations do not apply to algorithmic stablecoins. According to The Telegraph, a Treasury spokesman noted that the decision to supplement
The Terra’s Fall. What Happened, And What Are the Possible Consequences?
The second week of May ended for many crypto traders with an unforgettable tragedy — the fall of Terra (LUNA). Just a week before, the stablecoin entered the top ten most valuable cryptocurrencies with a price of $85 per token.
FBI Arrests CEO of New York Crypto Exchange on Suspicion of Fraud
The Federal Bureau of Investigation (FBI) arrested the CEO of New York-based cryptocurrency trading platform EminiFX on May 12 on charges of wire fraud that swindled investors out of about $59 million. The FBI suggests the scam was about using the
Binance Closed Transfers And Withdrawals for Russians
Crypto exchange Binance after much deliberation closed the possibility for Russians to make transfers and withdrawals of money to foreign banks, regardless of their country of residence. The Minister of Digital Transformation of Ukraine, Mikhail Fedorov, published screenshots of the Russian
Weekly Crypto Digest, May 9th-15th
Bitcoin crashed below $33,200 El Salvador bought the dip once again NFT is already being tested on Instagram Bitcoin drops even lower LUNA and UST almost depreciated