Luna

Pseudonymous cryptocurrency trader “Algod” bet $1 million on Terra (CRYPTO: LUNA) crashing weeks before the event unfolded. His position against trades recommended by Jim Cramer has now doubled. What Happened: In a Twitter update on Monday, Algod said his...

India’s Enforcement Directorate (ED) has frozen assets worth more than $46 million of beleaguered crypto lending firm Vauld. The company suspended withdrawals, trading and deposits on its platform in July. While the ED is tasked by the Indian government to investigate serious financial crimes...

Cryptocurrency platform Coinbase Global Inc (NASDAQ: COIN) reported second-quarter financial results after market close Tuesday. Here’s what analysts are saying about the company, the crypto bear market and what’s ahead. The Coinbase Analysts: Bank of America analyst Jason Kupferberg...

Cryptocurrency platform Coinbase Global Inc (NASDAQ: COIN) reported second quarter financial results and shared an updated full year guidance after market close Tuesday. What Happened: Coinbase reported second quarter revenue of $802.6 million, compared to $2.0 billion in the previous year’s...

Ethereum (CRYPTO: ETH) creator Vitalik Buterin cautioned his Twitter followers against investing in cryptocurrency projects that offer farfetched returns.  What Happened: In a tweet on Wednesday, Buterin said that an “important lesson for the crypto space”...

Founders of the beleaguered crypto lending and borrowing firm Three Arrows Capital (3AC) say they received death threats following the collapse of their company, and that's what compelled them to disappear. See Also: Here Is Everyone (For Now) 3 Arrows Capital (3AC) Owes Money To In a recent...

Mike Novogratz, CEO of digital asset investment firm Galaxy Digital Holdings (OTC: BRPHF), reflected on the lessons learned from the cryptocurrency crash this year. What Happened: Speaking at the Bloomberg Crypto Summit, Novogratz recounted the events over the last two...

Decentralized finance (DeFi) platform Aave (CRYPTO: AAVE) is launching a new stablecoin called GHO. What Happened: Aave announced its plans on June 7. The company, which allows you to lend and borrow crypto, released an over-collateralized stablecoin named GHO to be collateralized by assets on the...

By Martha Reyes, Head of Research at digital asset prime brokerage and exchange, BEQUANT. Last week, the crypto markets fell around 16% overnight as Bitcoin (CRYPTO: BTC) dipped below $26k, levels last seen in 2020. The Terra stablecoin (UST) lost its peg and its sister token, Luna saw 99% of its...

On a recent visit to New York, South Korea’s Justice Minister Han Dong-hoon convened with U.S. officials to discuss ways to better investigate financial crimes — especially those related to cryptocurrencies. According to a South Korean news agency, both nations agreed to share data on...

Stablecoins represent a class of cryptocurrencies that are meant to preserve value over time. Unlike traditional cryptocurrencies, stablecoins obtain their value from an underlying asset or algorithm. Fundamentally, stablecoins are either algorithmic or collateralized. Stablecoins that are...

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 ...

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...