IMF Chief Warns of Terra Crash, Calls it as Pyramid Scheme
While the heat with respect to the Terra protocol collapse is cooling off, global experts, including the International Monetary Fund (IMF) Managing Director Kristalina Georgieva waded in to express her feelings about the LUNA and UST crash, calling it a ‘Pyramid’ scheme.
eBay Joins the NFT Space, Offering Traders a Seamless Experience
Through a strategic partnership with Web3 company OneOf, e-commerce giant eBay has entered the non-fungible token (NFT) sector to enable traders to buy and sell items confidently.
FTX Quietly Seeks to Buy Brokerage Startups Amid Move into Stock Trading
A report by CNBC media outlets shows that the FTX cryptocurrency exchange has been planning to acquire brokerage startups. The new interest comes after the crypto exchange recently expanded into stock trading.
GameStop Launches Self Custodial Wallet for Crypto, NFTs
Video game retailer GameStop Corp is advancing its reach into the Web3.0 ecosystem with the launch of its new digital currency wallet.
S. Korean Exchanges to be Held Accountable for LUNA Crash
The collapse of the Terra ecosystem including the protocol’s two flagship digital currencies, LUNA and UST may have more aftermaths than earlier imagined.
Ethereum Merge Might Happen in August as Testing Enters Final Round
Speaking at the Permissionless 2022 Conference in Florida, the U.S., Ethereum Researcher Justin Drake disclosed that the merge of Ethereum (ETH) might happen in August.
Crypto Market Crash Leaves Investors Counting Losses
Over the previous two years, a boom in crypto prices minted a generation of millionaires and billionaires. Some industry executives and even regular investors acquired extraordinary wealth out of cryptocurrency trading.
LUNA and UST Crash Could Have Been Averted if Bitcoin Reserves were Used Earlier, Binance CEO Says
The collapse of LUNA and UST, the native tokens of the Terra network, could have been avoided if the Luna Foundation Guard (LFG) had used its Bitcoin reserves earlier, according to Binance CEO Changpeng Zhao (CZ).
Prosecutors Investigate Do Kwon with Ponzi Fraud Charges amid Terraform Labs Dissolvement
Do Kwon’s scandal seem to be deepening. Prosecutors are investigating whether they will file Ponzi fraud charges against him following the Terra crash, according to The Korea Times.
a16z Floats $600m Gaming Fund
After more than a decade of actively investing in the gaming industry, Andreessen Horowitz (a16z) wants to further exert its influence in that space.