Day: May 23, 2022

A Look at Terra LUNA’s Inception and the People That Helped Do Kwon Rise – Featured Bitcoin News

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After the LUNA and UST meltdown, many crypto investors have been curious about the project’s rise in popularity and people wonder about the background of Terra’s co-founder Do Kwon. Moreover, it is not commonly known that Terraform Labs was also founded by Daniel Shin, the founder of a payment firm called CHAI. After Shin left the company, the startup saw significant growth and Kwon became the main face of Terra’s ‘Lunatic’ movement. Do Kwon — A Stanford Graduate That Became the Face of the Terra Money Project Following His Partner’s…

Martin Shkreli Is Back. He Loves Crypto

And, following his recent release from low-security imprisonment, Shkreli wants to return as troublemaker and shit-stirrer. Mere hours after settling into his court-mandated halfway house, Shkrelibegan to post under an alias. The account, @Enrique5060782, which is currently suspended, made little attempt to hide Shkreli’s real identity. (Much to his lawyer’s chagrin, I imagine, who said upon Shkreli’srelease that he wouldn’t be available for comment.) Source

Terra were offering unsustainable yields; DeFi can support financial inclusion

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Reporting from the inaugural day of the Blockchain Hub Davos 2022 conference, Cointelegraph’s editor-in-chief, Kristina Lucrezia Cornèr hosted a panel discussion centered around decentralized finance (DeFi) titled “Programmable Money is Here — and It’s Changing the World as We Know It.” Panelists included chief partnership officer of SwissBorg, Alexander Fazel; Global Markets lead of Kraken Europe, Lucian Aguilar; co-founder and CEO of CasperLabs, Mrinal Monahar; and managing partner of Coral Capital, Patrick Horsman. In the opening remarks, Aguilar reflected upon his attendance of the event two years ago, assessing the…

Using Crypto to Bring the Metaverse Into Reality

The metaverse will, at times, be trippy and hallucinogenic. We can live our best, most ideal lives in a body-like avatar and quickly revert back to our real lives without changing physical locations. We can parachute in and out of this world in seconds, seamlessly interweaving multiple different realities into the natural rhythms of our lives.Janine Yorio is CEO of Everyrealm, a metaverse-focused innovation firm and investment fund. Source

Bitcoin Taker Buy/Sell Ratio Approaches Bullish Cross

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On-chain data shows the Bitcoin taker buy/sell ratio is now approaching a crossover with the “1” level, a sign that could be bullish for the crypto’s price. Bitcoin Taker Buy/Sell Ratio Observes Rise, Almost Reaches A Value Of 1 As explained by an analyst in a CryptoQuant post, signs may suggest that a local top could soon be coming for the crypto. The “taker buy/sell ratio” is an indicator that measures the ratio between the Bitcoin long volume and the short volume. When the value of the metric is greater…

Bitcoin’s current setup creates an interesting risk-reward situation for bulls

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The Bitcoin (BTC) chart has formed a symmetrical triangle, which currently holds a tight range from $28,900 to $30,900. This pattern has been holding for nearly two weeks and could potentially extend for another two weeks before price makes a more decisive movement. Bitcoin/USD 12-hour price at Kraken. Source: TradingView For those unfamiliar with technical analysis, a symmetrical triangle can be either bullish or bearish. In that sense, the price converges in a series of lower peaks and higher lows. The decisive moment is the support or resistance breakthrough when…

Madison Cawthorn Hit With US House Ethics Investigation Over Crypto Promotion

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Korean Authorities To Interrogate Crypto Exchanges About TerraUSD (UST) Collapse: Report

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South Korean officials plan to question representatives from the country’s five largest crypto exchanges about the recent Terra (LUNA) collapse. According to a new report from local news outlet Newspim, Korea’s ruling party will hold an emergency meeting with representatives from Upbit, Bithumb, Coinone, Korbit and Gopax to discuss the ramifications of LUNA’s $40 billion implosion. Says Yoon Chang-Hyeon, a member of South Korea’s ruling party and chairman of the parliament’s special virtual assets committee, “We will check [the exchanges’] investor protection measures.” The planned emergency meeting follows news that LUNA…