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Wednesday, May 11, 2022

Terra Death Spiral Hits $3 as Bailout Rumors Fade
Terra has continued to collapse as the blockchains UST stablecoin has failed to regain its dollar peg. Rumors that a venture capital-backed bailout has fallen through have added increased downward......
Do Kwon Outed as Co-Founder of Previous Failed Stablecoin Project
According to new reporting fromCoinDesk,Terraform Labs CEO Do Kwon was previously involved in stablecoin project Basis Cash under the pseudonym “Rick Sanchez.” If true, it would mean that UST is.....
The Investment Case for Ethereum
As blockchain technology attracts more users, its important to understand what makes Ethereum a valuable investment. Ethereum launched as a decentralized network capable of running software programs, ...
Crypto Sinks Lower Despite News of Falling Inflation Rates
According to data released today by the U.S. Bureau of Labor Statistics, April’s year-on-year consumer price index has fallen to 8.3%, 20 basis points lower than the 41-year-high inflation rate......
Terra Nears Zero as Do Kwon Promises “Return to Form”
LUNA has shed over $30 billion of value over the last few days. Its now trading around $1, down 97% in the last 24 hours. Do Kwon Proposes Terra Fix......
Galaxy Digital Announces Stock Buyback
Galaxy Digital has announced that it will begin a share repurchase program while its stock price is depressed. Accumulation Galaxy Digital seeking to buy back 10% of its shares from......
Solana, Avalanche Struggle as Investors Lose Confidence
Solana and Avalanche seem to have reached a crucial demand wall after seeing their market value drop by more than 50% over the past few weeks. Still, the lack of......
Five States Issue Cease-and-Desist to Russian Metaverse Casino
State securities regulators in Texas, Wisconsin, Kentucky, New Jersey, and Alabama have issued an emergency cease-and-desist order against the Russian Metaverse gambling platform Flamingo Casino Club ...
Gemini Denies Bitcoin Loan Rumors
Gemini, a leading crypto exchange, has denied rumors suggesting that it made a large Bitcoin loan which contributed to UST’s stability crisis. Gemini Denies Lending Rumors Gemini has denied rumors.....
Newswire > Wednesday, May 11, 2022

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