Crypto Investor Who Lost Money Visits Home of Luna Founder

Do Kwon, the founder of the cryptocurrency Luna and the stablecoin TerraUSD, has reportedly been in contact with police after a possible investor in the coin “trespassed” at his home, according to a new report from South Korea’s largest newspaper, The Chosun Ilbo. Crypto News reports the investor lost roughly $1.56 million in the collapse … Read more

ECB lays out ‘anonymous’ digital euro as public opposes ‘slavecoins’

The ECB released another working paper on the digital euro, providing an extensive technical analysis of a potential European CBDC and its position in the existing financial system. Issued on May 13, the working paper aims to study issues like financial intermediation, payment choices and privacy in the digital economy, providing a large number of … Read more

Coinbase loses half its value in a week as crypto slumps

SILVER SPRING, Md. (AP) — Cryptocurrency trading platform Coinbase has lost half its value in the past week, including its biggest one-day drop 5o date on Wednesday as the famously volatile crypto market weathers yet another slump. Coinbase reported a $430 million net loss in the first quarter, or $1.98 per share, on declining sales … Read more

Canadian Bitcoin ETF adds 6.9K BTC in one day as GBTC discount hits record low

bitcoin (BTC) descending to $24,000 has cost its largest institutional investment vehicle more than the average hodler. According to data from on-chain monitoring resource Coinglass on May 13, the Grayscale Bitcoin Trust (GBTC) is now trading at a nearly 31% discount. Grayscale CEO: Investors are “waiting for things to settle down” Amid ongoing market volatility … Read more

BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

The crisis with Terra’s stablecoin TerraUSD (UST) and the freefall in Terra’s LUNA token has dented crypto sentiment further. Although Terraform Labs CEO Do Kwon announced a relief planthe community does not seem too hopeful about the revival. Another hindrance to a quick improvement in sentiment is that the United States CConsumer Price Index soared … Read more

Tether (USDT) stablecoin regains peg after $3 billion in withdrawals

Tether has long faced questions over whether it has enough assets to justify its peg to the dollar. Tiffany Hagler | Bloomberg via Getty Images Tetherthe world’s largest stablecoin, regained its peg to the dollar after more than $3 billion worth of tokens left the system in a single day. The cryptocurrency — which is … Read more

BitKwonect? ‘Luna Brothers’ moment sees Terra inflate token supply 3.500% overnight

Earth (LUNA), the in-house token of Blockchain protocol Terra, is undergoing major changes which are causing intrigue and despair in equal measure. Data released on May 13 confirms that overnight, the embattled cryptocurrency’s supply expanded to an eye-watering 6.9 trillion LUNA. 6,900,000,000,000 LUNA, almost zero value After a tumultuous week in which Terra attempted to … Read more

Could Bitcoin crash make El Salvador go BUST? Govt has lost $40m amid plans to build crypto city

El Salvador’s Bitcoin bet could be putting the country in peril as its holdings have already lost $40m in amid a cryptocurrency rout. The losses – equal to the Central American country’s next bond payment – come amid a so-called ‘crypto winter’ and the president’s plans to build a volcano-powered ‘crypto city’ to mine bit … Read more

Chelsea announce cryptocurrency firm WhaleFin as new shirt sleeve sponsors in £20m-a-year deal

Chelsea strike a double-your-money sleeve sponsor deal, with cryptocurrency firm WhaleFin paying £20m per year in the first new partnership of the Todd Boehly era… and Three could be next to be replaced on their kits Chelsea have confirmed WhaleFin as their new shirt sleeve sponsors next season The cryptocurrency group are replacing Korean company … Read more

Still Has ‘Potential As A Currency’—Elon Musk Gives Surprise Dogecoin Signal After Huge Bitcoin, Ethereum And Crypto Price Crash

Bitcoin BTC ethereum and other major crypto currencies have bounced back over the last 24 following a devastating crypto crash that wiped almost $1 trillion from the combined crypto market. Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and successfully navigate the volatile bitcoin and crypto market Bitcoin has added around 10% since falling to … Read more