No matter how hard your day is going, spare a thought for LUNA investors today. Do Kwon, CEO of Terraform labs and 18th on Cointelegraph’s Top 100, has lost billions of dollars for their investors. Do Kwon’s coins came crashing down as brainchild Terra (LUNA) sinks over 97% from highs, while the stablecoin TerraUSD (UST) fell 75% lower than its intended…
Despite the fact that it still didn’t make a final decision on the launch of the “digital shekel,” Israel’s central bank reported that the public feedback on the project is mainly positive. According to Reuters, on May 9, The Bank of Israel summarized the results of the public consultation on its central bank digital currency (CBDC) plans. It has received…
Coinbase-backed MARA will advise bitcoin adoption infrastructure in the Central African Republic. The company has recommended CAR’s government to tackle the issues of internet penetration and identification. The cryptocurrency infrastructure startup company raised $23 million from a recent fundraiser led by Coinbase. MARA, a cryptocurrency infrastructure company backed by Coinbase, will advise the President of the Central African Republic (CAR)…
During the last few days, the crypto economy has been tumultuous as billions have fled the market in search of safety. The issues with LUNA sparked a significant sell-off as Terra’s native digital asset dropped 97% in value against the U.S. dollar in 24 hours. Terrausd has slipped 67% lower than the $1 parity and was trading at a low…
Dr. Ruja Ignatova, the OneCoin founder who disappeared after allegedly fleecing investors out of as much as $5 billion in 2017, was added to Europe’s most wanted list on Wednesday. Europol, the European Union Agency for Law Enforcement Cooperation, is offering a 5,000 Euro reward for information leading to Ignatova’s arrest on fraud charges for having solicited investments for OneCoin,…
U.S. inflation maintains a near 40-year high with a 8.3% CPI increase. Bitcoin has fallen below its $30,000 line of support as inflation exceeds expectations. Fuel prices show the highest 12-month adjusted inflation ending in April at over 80%. According to a report from the Bureau of Labor Statistics (BLS), U.S. Consumer Price Index (CPI) inflation data is up 8.3%…
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. LFG Exchange Inflows As a result of this week’s chaos, exchanges had an estimated 52,333 of bitcoin inflows largely driven by…
As I go about the Miami conference, I wonder, Aside from some of the conference speakers, where are these Bitcoin maximalists I keep hearing so much about? When I tell the customs official I’m going to Miami for the Bitcoin 2022 conference, there seems to be a light in the man’s eyes. He peppers me with questions, even though I’d…
Even though the cryptocurrency market seems to be going through a bit of a lull at the moment, there’s no denying the fact that the industry has grown from strength to strength over the last few years, especially from an adoption perspective. To this point, a recent study revealed that the number of adults in the United States using digital…
The creator of the Fearless Girl statue in New York that stands for women empowerment has brought the emblem into the crypto space by dropping a nonfungible token (NFT) counterpart for the symbolic art piece. In an interview with Cointelegraph, sculptor Kristen Visbal told the story behind the artwork’s significance and how she aims to use it to empower women…
