Terra

A leading crypto lending and borrowing firm that has made headlines for declaring bankruptcy has a non-fungible token portfolio containing assets from some of the most valuable and well-known collections. What Happened: Cryptocurrency lending and borrowing firm Three Arrows Capital, also known as...

Anonymous, the infamous hacker collective, has pledged to join the investigation into Do Kwon now being undertaken by governments to hold the Terra (CRYPTO: LUNA) founder accountable for his actions. What Happened: In a video uploaded by Anonymous on its official YouTube website...

Bitcoin (CRYPTO: BTC) experienced a severe flash crash this past month, causing it to drop over 70% below its all-time high. Following Terra’s (CRYPTO: LUNA) black-swan event, CPI data on inflation, and the US Federal Reserve hiking interest rates, turbulent market conditions have...

Martin Shkreli, who gained notoriety for jacking up the price of a lifesaving drug by 5000%, says he’s working on a decentralized software with applications in the pharmaceutical industry. What Happened: Shkreli said he sees the potential use cases for blockchain in the...

A lawsuit has been filed in U.S. District Court, Northern District of California, by Scott+Scott Attorneys at Law, against Terra (CRYPTO: LUNA) founder Do Kwon and his developer company Terraform Labs. In the lawsuit, it is stated that Kwon's project team  misrepresented Terra's ...

Investors recently sold over $1.6 billion of Tether (CRYPTO: USDT), dropping its market capitalization to $70 billion. What Happened: On the heels of a cryptocurrency crash, Tether saw an outflow of $1.6 billion of funds. This capital pull-out coincided with the recent crash of Terra’s...

The cryptocurrency markets have been in a sharp downtrend over the last week. The market cap of the crypto sector currently sits at $977 billion, which is approximately one-third of its all-time high. Consequently, retail investors globally have suffered major losses, as most cryptocurrencies are...

Terra (CRYPTO: LUNA) founder Do Kwon has now come on Twitter to refute allegations against him about cashing out funds from the company.  On Thursday, TerraForm Labs (TFL) employees said that $80 million of company funds were sent to “secret wallets” every month before the LUNA...

Dogecoin (CRYPTO: DOGE) co-creator Billy Markus and other prominent crypto industry watchers were unsurprised at the latest allegations against Terra’s (CRYPTO: LUNA) parent Terraform Labs (TFL) and founder Do Kwon. What Happened: On Thursday, Watcher News reported that TFL employees have...

The Solana (CRYPTO: SOL) Foundation and Solana Ventures announced on June 7 a pledge of up to $100 million for cryptocurrency and NFT projects across South Korea. What Happened: According to CoinDesk, the aim of the contribution is to boost the cryptocurrency and virtual gaming industries...

A new report claims that Do Kwon, Founder of TerraForm Labs and Terra (CRYPTO: LUNA), intentionally hiked Anchor Program’s interest from 3.6% to 20%, despite warnings. What Happened: Mr. B, a designer on Terra’s Anchor Protocol, disclosed to Korean media outlet JBTC, on June 6, that Do...

With the bipartisan support of Sen. Kirsten Gillibrand (D-NY) and Sen. Cynthia Lummis (R-WY), the Responsible Financial Innovation Act was proposed earlier today. Alongside a number of regulatory clarifications presented in the legislation, one major component is its endeavor to...

Ark Invest launched a new product over the weekend called The Bitcoin Monthly. Here’s what was covered in the first-ever issue of the online publication. What Happened: Ark Invest launched The Bitcoin Monthly, a monthly “earnings report” that details on-chain activity and...

Terra’s (CRYPTO: LUNA) outspoken founder Do Kwon joked about a Tinder-style token earn mechanism as the ecosystem builders clashed over their share of fund allocation. What Happened: Terra Research Forum’s FatMan shared snapshots of “behind the scenes” conversations on Terra...

The number of Ethereum (CRYPTO: ETH) shorts liquidated reached a three-year high on Sunday. What Happened: According to on-chain liquidation data from CoinGlass, there were $666 million ETH short positions liquidated over the last 24 hours. Meanwhile, ETH longs saw just $3.61 million worth of...