Summary: Terra’s UST has depegged from the one dollar mark after massive selling of the stablecoin on Curve Finance and Binance The selling was to the tune of $285 million in UST and resulted in a $2.25 billion outflow of the stablecoin from the Anchor Protocol UST has since stabilized to the $0.996 price level …
Quick take: The 2020 hackers of Pickle Finance have laundered 1,800 Ethereum through Tornado Cash Roughly $20 million in the stablecoin of DAI was stolen from the protocol at the time of the exploit Tornado Cash continues to be the preferred mixer for these individuals and groups of hackers The perpetrators of the 2020 exploit …
2020’s Pickle Finance Hackers Launder 1,800 Ethereum Through Tornado Cash Read More »
After weeks of speculation, Elon Musk has made it official. Assuming the Tesla (TSLA) – Get Tesla Inc Report CEO’s $44 billion bid to takeover Twitter goes through, he will undo the permanent ban on former President Donald Trump, who was banned from Twitter (TWTR) – Get Twitter, Inc. Report last year after the Jan 6 riots, …
Martin Shkreli Is Excited To Rejoin Elon Musk’s Twitter Read More »
El Salvador› Bitcoin › Adoption President Bukele tweets images of an architect’s model of Bitcoin City, including artists’ impressions of key sites. 2 min read Updated: May 10, 2022 at 4:51 pm Cover art/illustration via CryptoSlate El Salvador’s President Bukele tweeted images of an architect’s model of Bitcoin City and the caption that things are …
El Salvador releases mock-up of Bitcoin City – what’s the verdict? Read More »
U.K.› Bitcoin › Culture Naysayers are out in force following Bitcoin’s Monday sell-off. With no recovery in sight, more anti-Bitcoin sentiment should be expected in the coming months. 2 min read Updated: May 10, 2022 at 2:49 pm Cover art/illustration via CryptoSlate The BBC published an article titled, ‘Bitcoin value drops by 50% since November …
Cynics dominate comments section of BBC Bitcoin crash report Read More »
Terra › Opinion Emin Gün Sirer said a US-based team wouldn’t be able to succeed with an algorithmic stablecoin project because of the regulatory framework in the country. 2 min read Updated: May 10, 2022 at 5:47 pm Cover art/illustration via CryptoSlate The founder of Ava Labs, Emin Gün Sirer, has offered his opinions on …
NFTs Some crypto community members believe that the failed projects should count as a rug pull, while others disagree. 2 min read Updated: May 10, 2022 at 5:08 pm Cover art/illustration via CryptoSlate The founder of the Azuki non-fungible token (NFT) project, Zagabond, has revealed that he was behind three unsuccessful NFT projects before creating …
Azuki floor price tanks after founder reveals link to 3 failed NFT projects in 2021 Read More »
Quick take: Compound Finance’s Treasury has received a B- credit rating from S&P Global Ratings This makes Compound Finance the first institutional DeFi offering to be rated by such a credit agency Traditional institutions have begun to weigh the significance of DeFi services Regulatory clarity could increase Compound Finance’s ratings and see more DeFi protocols …
Summary: Justin Sun has reportedly purchased $1 million worth of UST on Curve Finance Tron’s founder had announced via Twitter that he was buying UST This is after the saga of the UST stablecoin depegging from the one dollar mark Terra’s Do Kwon had asked Justin Sun what his plans were, to which he replied, …
Tron’s Justin Sun Buys $1M in UST in What He Calls a ‘Secret Plan’ For the Stablecoin Read More »
Summary: Terra’s UST has depegged from the one dollar mark after massive selling of the stablecoin on Curve Finance and Binance The selling was to the tune of $285 million in UST and resulted in a $2.25 billion outflow of the stablecoin from the Anchor Protocol UST has since stabilized to the $0.996 price level …