Germany’s Allianz Sets Aside Additional $2B For Fund Fiasco: Reuters
Allianz SE (OTC: ALIZY) said it would set aside another €1.9 billion ($2 billion) as it braces for the outcome of U.S. regulatory investigations into a multibillion-dollar trading debacle at…
Is Terra (LUNA) Done Correcting After 93% Decrease In Three Days?
Terra (LUNA) has been falling sharply since May 9 and has so far reached a low of $4.12. This is the lowest price since early 2021. LUNA has been falling…
Bitcoin mining difficulty records ATH while BTC revisits the $30k zone
The color of the crypto market has undoubtedly left the community in fear. Bitcoin’s plummet has got some panic selling while others were buying the dip. As this took the…
Atlanta-Based Crypto Exchange Still Owes Clients 4 Years After Closing
Customers of an Atlanta-based crypto exchange that suddenly shut down four years ago are still waiting for their bitcoin to be returned. A federal jury gave judgment in favor of…
Terra Founder Do Kwon Supports Community’s UST Proposal; LUNA Drops to $2.2
Kwon said Terra endorses a community proposal that seeks to bring UST back to its intended $1 peg.
Terra founder Do Kwon shares plan to save the UST stablecoin peg
Do Kwon, the humbled co-founder of Terraform Labs, has shared a rescue plan for the de-pegged stablecoin UST.
The9 Buys Data Center in Kyrgyzstan to Host 7,500 Antminers
The firm expects the 31.5 MW facility to be ready in July.
Indian Government Informally Intimidated Coinbase To Halt Trading Of Bitcoin, Dogecoin, Says CEO
American cryptocurrency exchange platform Coinbase Global Inc’s (NASDAQ: COIN) chief blamed India’s central bank for putting “informal pressure” weeks after it halted trading service in the country. What Happened: The…
Stepn’s ‘Move-to-Earn’ Model Has Crypto Analysts Seeing Value in Long Run
This blockchain-based application’s users must purchase a “virtual sneaker” NFT to earn crypto rewards. Consumer advisory: They start at around $800.
Ethereum (ETH) TVL Sinks More Than $50 Billion in 2022 Low
Ethereum TVL fell steeply in the second week of May due to decreased investor interest in decentralized finance and the entire crypto finance market. Ethereum has dominated the decentralized finance…