Iran’s Ministry of Intelligence has reportedly blocked almost 10,000 bank accounts over suspicious foreign currency and cryptocurrency transactions. The action was carried out in collaboration with the country’s central bank. 9,219 blocked bank accounts Iran’s
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An op-ed article published in the state-backed Chinese publication Economic Daily, has suggested that the recent crash of the Terra blockchain’s LUNA and the de-pegging of the UST stablecoin vindicate the Asian country’s decision to
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The catastrophic failure of Terra’s algorithmic stablecoin, TerraUSD (UST), last week exacerbated the chaos in the crypto industry and accelerated plans to regulate the stablecoins market. Following the market crash, global financial regulators started proposing
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Binance’s Changpeng Zhao (CZ) has said the exchange supports the proposal to compensate retail LUNA users ahead of larger investors. He also said the LUNA tokens received by Binance in exchange for a $3 million
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On May 13, Circle’s chief financial officer Jeremy Fox-Geen published a blog post called “How to Be Stable,” following the aftermath of Terra’s stablecoin implosion. Circle’s CFO explained that since usd coin’s inception, the stablecoin
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The Luna Foundation recently released a statement citing the balances on their reserves as the platform’s Bitcoin reserves made a huge noise of let. The thread documented how the platform disbursed millions of dollars worth
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The whole crypto space was under a catastrophic drop after the Terra (LUNA) token bottomed 99% in just two days where the Blockchain’s stablecoin UST depegged leading to the crypto crash. LUNA was created by
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The crypto market as a whole was mixed at the time of writing. Bitcoin is showing signs of a comeback. Top cryptos It is not much as comebacks go, but it’s still something for Bitcoin. Like all
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Bitcoin has printed seven weekly red candles in a row Bitcoin, the world’s largest cryptocurrency, recorded its longest bearish streak since early 2015. The crypto king has now logged seven consecutive red candles on the
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Since the 21st of November 2021, the team at Polkadot has conducted regular DOT-based auctions for one of the coveted slots in their parachain network. There are plans for 100 parachain slots, give or take.
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