Terra’s Do Kwon Is in Serbia, CoinDesk Korea Reports
The Terraform Labs co-founder is wanted in South Korea, backed by Interpol.
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Tron’s USDD Stablecoin Falls to Under $0.97, Lowest Level Since June
The algorithmic decentralized stablecoin modeled after Terra’s now-defunct UST lost its dollar peg last month as the collapse of FTX dented investor confidence in digital assets.
Paxful CEO preaches Bitcoin self-custody, advises against crypto exchange
While some execs chose to double down on assuring the funds’ safety on their platforms, Ray Youssef, the CEO of crypto exchange Paxful, sided with the idea of self-custody.
Constant Blackouts Have Ruined Cryptocurrency Mining Investments in Cuba
Several small investors have manifested that the constant blackouts in several parts of Cuba have made cryptocurrency mining unsustainable, leaving them unable to operate their rigs. The blackouts also affect telecommunications, leaving some of these operations that rely on off-grid power plants without the internet needed to complete mining tasks. Cryptocurrency Mining in Cuba Not … Read more
Arthur Hayes: Bitcoin bottomed as ‘everyone who could go bankrupt has gone bankrupt’
Former BitMEX CEO thinks the Bitcoin price could have reached the bottom after most of the “irresponsible entities” have all run out of Bitcoin to sell.
US senator calls on SEC’s Gensler to answer for ‘regulatory failures’
Republican Senator Tom Emmer has long been a critic of Gary Gensler and the U.S. Securities Exchange Commission’s cryptocurrency oversight strategy.
Inconsistent Metrics Indicate Further Struggle For SUSHI – Colder Winter Ahead?
SUSHI is having a hard time gaining some ground as the market declines again. Today, SUSHI has lost more than 5% of its value, following the trend of other major cryptocurrencies such as Bitcoin and Ethereum. Here’s a quick glance at how SUSHI is performing: Optimism manifested itself as an acceleration in development activity and … Read more
Bank of England opens applications for ‘proof of concept’ CBDC wallet
The bank requires the wallet to execute basic features such as transacting value and requesting payments and set its budget at nearly $255,000.
NFT market held back by oversupply, greed and bad projects: Gary Vee
The number of celebrities, brands and artists that hopped on the NFT bandwagon was bound to cause supply and demand issues, said the Vee Friends creator.
Dogecoin Price Plunges 10%, Time To Buy DOGE on Dips?
Dogecoin reacted to the downside from the $0.1120 resistance against the US Dollar. DOGE must stay above the $0.080 support to start a fresh increase. DOGE started a fresh decline from the $0.1120 resistance against the US dollar. The price is trading below the $0.0950 zone and the 100 simple moving average (4-hours). There was … Read more