Report shows seven wallets may have caused Terra crash
According to Nansen’s fresh on-chain study, Terra’s UST depeg may have been launched by seven distinct wallets that sold huge amounts of the coin into relatively illiquid Curve liquidity pools. On May 7, seven main wallets withdrew UST funds from the Anchor protocol on Terra, bridged these assets from Terra to Ethereum via Wormhole, and […]
Cryptocurrency Executives Believe Bear Market Is Good For Industry
Despite the current cryptocurrency crash some executives think that this is a good thing despite the fact that the industry is losing money Cryptocurrencies have taken a beating so far this year, but despite the fact that the industry is losing money and status, some cryptocurrency executives believe this is a positive thing. Cryptocurrency Executive: […]
SpaceX to accept Dogecoin for merch – Elon Musk
The price of Dogecoin pumps amidst the crypto bear market following a tweet from Elon Musk that his space exploration company SpaceX will soon start accepting Dogecoin for merch. Elon Musk’s space research business, SpaceX, and Musk’s other company, Tesla, will soon accept Dogecoin as payment for items. “Tesla merch can be purchased with Doge, […]
Metaverse Event, Metacon To Take Place in Dubai On May 28, 29
Dubai is set to host a metaverse event on May 28 and 29 at The Arena, Dubai World Trade Center which will be divided into four zones Metacon To Conduct Metaverse Event In Dubai Metacon will conduct a pop culture metaverse event on May 28 and 29 at The Arena, Dubai World Trade Center, as […]
Russia reportedly considers crypto for international payments
In response to Western sanctions imposed after Russia invaded Ukraine earlier this year, the country is allegedly considering accepting cryptocurrency for international payments. Ivan Chebeskov, the head of Russia’s Finance Ministry’s Financial Policy Division , is actively studying the potential of introducing crypto payments, according to the Moscow-based Interfax news agency and Reuters. “The use […]