Crypto Biz: Luna’s meltdown will live on in infamy, May 5–11, 2022
The cryptocurrency market has seen a lot of dark days in its history, but few compare to the events of the past week.
Argentina Was at the Cusp of a Crypto Boom. The Central Bank Had Other Plans
The local monetary authority surprised banks by banning them from offering crypto, but so far it’s left local exchanges alone.
Bitcoin price could bounce to $35K, but analysts say don’t expect a ‘V-shaped recovery’
Daily closes above $30,000 could be a sign that BTC price is ready to consolidate, but traders warn against “generational bottoms” and “V-shaped” recoveries.
US prosecutors recommend minimum 1 year prison sentence for BitMEX co-founder Arthur Hayes
U.S. Prosecutors have filed a sentencing recommendation in the case against BitMEX co-founder Arthur Hayes seeking minimum one-year imprisonment. The prosecutors submitted the sentence recommendation to U.S. District Judge John…
Luna CEO Do Kwon proposes forking LUNA, UST to reimburse hodlers
Luna Foundation Guard CEO, Do Kwon, has written a proposal that suggests forking LUNA to a new chain using a snapshot from before the attack. He details a recovery plan…
Norwegian Crypto Miners Rejoice As Proposed Ban Rejected
On May 10, 2022, the parliament of Norway voted against a proposed ban on Bitcoin mining in the country. This was good news for crypto miners, who were relieved at…