Terra is in the Limelight Again. A Bad One Too
It seems like Terra is facing new problems.
The Bank of England insists on strict crypto regulations
In its latest report, published on July 5, the Bank of England notes the deterioration of global economic conditions and the cloudy prospects for its own economy. Focusing on the extreme volatility of the cryptocurrency market, the BoE insists on stricter regulation of digital assets.
Axie Infinity was hacked through a fake offer on Linkedin
Details of the legendary Axie Infinity hack have come to light. The report shows that they are not only the record-breakers in terms of hacking losses but also pretty unlucky.
Voyager Digital files for bankruptcy
It’s been a domino of bankruptcies on the market recently. Following the fall of crypto hedge fund Three Arrows Capital, the US crypto lender Voyager Digital files for chapter 11 bankruptcy protection.
BTC/USD: the price of the cryptocurrency went up
Over the past 24 hours, the price of bitcoin has exceeded $22 thousand. The growth of the bitcoin quotation began on Thursday, July 7, when the price reached $21,000.
Solana has been sued in the US due to illegal profits from SOL
The claim – illegal profits from SOL, and the plaintiff in this lawsuit is Californian investor Mark Young. He will be represented in court by Roche Freedman, a firm that specializes in jurisprudence.
Ethereum Name Service. What is it and why is it so expensive?
A short, distinctive, memorable domain instead of a long, unsightly, and complicated ETH address. It is the idea (plus some other interesting and useful features) implemented in ENS, a decentralized domain name service.
Jeremy Allaire spoke about USDC collateral
Against the backdrop of the market crisis and the fall of Terra, users began to lose confidence in cryptocurrencies, and even though USDC is one of the most stable in the market, the crisis affected it as well.
Metaverse: the Dubai government to enter the digital world
Dubai, which is most certainly one of the fastest-growing cities in the world, continues to embrace the metaverse.
Binance clients’ data may have been leaked!
On July 3, the CEO of Binance confirmed that in the darknet, their services had discovered more than 1 billion personal data of residents of China, among which, with a high probability, could be the exchange users.
Trading volume on the Indian crypto market fell by 63% overnight
The decline in trading volumes on the Indian crypto market continues. The industry suffers from the taxes that the government consistently introduces, hesitating to ban the use of digital assets altogether.
British Army Twitter and YouTube accounts were hacked for digital asset scams
On July 3, the UK Army faced an attack on the official Twitter and YouTube accounts. The attackers used them for crypto scams with two different projects.
Sango Coin: CAR launched its digital currency
The CAR digital currency launch was presented during the broadcast of the country’s leader Faustin-Archange Touadéra. The President spoke about the benefits of Sango Coin and the plans of the state to develop the country’s crypto sector.
FTX buys crypto lender BlockFi!
Last week, the world was shocked to learn that the “JP Morgan” of our time – Sam Bankman-Fried (head of the FTX exchange) – could buy the largest cryptocurrency lending platform BlockFi for just $25 million, which would be 99% below its actual value!
Meta to shut down the digital wallet Novi
Right after the announcement of Meta Pay, the digital wallet that will operate in the Metaverse, Mark Zuckerberg’s company stated that it will be terminating the crypto project Novi after the 1st of September.
Cryptocurrency Hedge Fund Three Arrows Capital Went Bust
Three Arrows Capital, the Singapore-based cryptocurrency hedge fund, filed for Chapter 15 bankruptcy, attempting to protect its US assets from creditors in the country.
Hedge funds vs. Tether: traders are actively shorting USDT after the collapse of UST
The Terra USD crash did not go unnoticed for other stablecoins pegged to the US dollar. Thus, hedge funds oriented to the cryptocurrency market are seeking to intensify the sale of Tether. The total amount of available offers is hundreds of millions of dollars.
Facebook to start testing the support of NFT
Some authors who use the social network Facebook will be able to start using NFT as Meta has begun implementing tokens on its main platform.
El Salvador buys BTC: “Thank you for selling cheap”
Uncertainty in the crypto market is not a barrier for crypto enthusiasts. One of them is the President of El Salvador, Nayib Bukele. While many investors are wary of digital assets, El Salvador bought 80 BTC at $19,000 for each.
The EU continues the fight against money laundering and the financing of terrorism through cryptocurrencies
The use of cryptocurrencies in drug trafficking, money laundering, and terrorist financing is causing serious damage to their reputation. To regulate the sector more strictly, the EU has agreed on new rules to ensure transparency in the transfer of digital assets.
OpenSea database is compromised!
The largest NFT marketplace in the world faced a human factor on the side of the email delivery provider Customer. As a result, the personal data of OpenSea users were “leaked” into the network. Phishing and other threats have emerged for compromised addresses.
Bank of America: crypto market downturns are “likely healthy for the ecosystem’s development over the long term”
Despite the market collapse and the general wariness caused by the expectation of the crypto winter, the crypto asset ecosystem remains attractive for investment. Such conclusions can be drawn based on the Bank of America report presented as part of the Web3 & Digital Assets Day Conference.
Grayscale will sue the regulator because of the refusal to convert GBTC to ETF
Despite the regulator’s claims that bitcoin is considered a commodity by the SEC, Grayscale’s request to convert GBTC trust to a bitcoin ETF was denied.
MakerDAO Wants to Invest $500 Million into Treasuries and Bonds
The Maker Governance has decided to allocate 500 million DAI between different investment strategies. The community is now asked to help it choose one of them.
Celsius Network Accused of Bizarre Behavior
The crypto community is taken aback by the fact that Celsius Network continues to pay weekly rewards despite putting withdrawals to a halt on June 13.
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