G7 To Discuss Crypto Regulation


Francois Villeroy de Galhau The regulation of crypto-assets is likely to be discussed at a meeting of Group of Seven finance chiefs this week in Germany, according to the French central bank's head Francois Villeroy de Galhau. "What happened in the recent past is a wake-up call for the urgent need for global [...]

G7 To Discuss Crypto Regulation2022-05-18T18:23:34+01:00

Luna Foundation Spends Bitcoin Stack & Promises Compensation


  The Luna Foundation Guard (LFG), the entity whose task was to maintain the stability of the TerraUSD (UST) peg, said it spent nearly all of its Bitcoin (BTC) held in reserves to defend UST’s dollar peg as it collapsed. But from what is left, users of the failed stablecoin will be compensated, LFG said. UST users will [...]

Luna Foundation Spends Bitcoin Stack & Promises Compensation2022-05-17T10:51:28+01:00

Terra Founder’s Plan To Save LUNA


Terra (LUNA) founder Do Kwon on Wednesday finally took to Twitter again, floating ideas for how the algorithmic stablecoin TerraUSD (UST) can be saved after losing its US dollar peg on Monday (READ MORE). “Before anything else, the only path forward will be to absorb the stablecoin supply that wants to exit before UST can start to [...]

Terra Founder’s Plan To Save LUNA2022-05-12T12:46:29+01:00

Luna Plummets by 32% in One Hour


Terra Network's Luna price has continued to take a beating today as the Terra Network token plummeted 65% in 24 hours. In the last hour of trading alone, Luna fell by 32% from £18.45 to £13.78, then slightly rebounded to £14.40. Luna is the native token of the Terra blockchain. It was trading at around [...]

Luna Plummets by 32% in One Hour2022-05-11T15:06:15+01:00

El Salvador Showcases Bitcoin City Plans and Buys More Bitcoin


El Salvador’s President Nayib Bukele has been quite recently on all things crypto, however that changed when he took to Twitter to announce that his government has bought a further 500 Bitcoins worth around £12.5m – and to showcase plans for Bitcoin City. However, voices of opposition are continuing to issue warnings, with a former [...]

El Salvador Showcases Bitcoin City Plans and Buys More Bitcoin2022-05-11T11:28:16+01:00

Where Will Bitcoin Bottom Out


Is it time for bears again? Bitcoin (BTC) crashed to its lowest level since last summer as the number one cryptocurrency fell below the £25,000 level. The latest crash came as the broader crypto market sold off assets over the weekend, led by falling stock prices and fears that Terra USD (UST) could [...]

Where Will Bitcoin Bottom Out2022-05-10T16:53:55+01:00

Gucci To Accept Crypto


Gucci is tapping into the crypto crowd. The brand will accept cryptocurrency payments in some US stores at the end of this month, and plans to extend the pilot to all of its directly operated North America stores this summer.  The move marks a major validation for the currency from a leading luxury brand. In-store [...]

Gucci To Accept Crypto2022-05-10T09:44:45+01:00

Bitcoin & Crypto Companies Warn of ‘Extreme’ Risk in Proof-of-Stake Systems


The risk of corporate capture is extreme in proof-of-stake (PoS) systems as PoS transforms novel financial systems into pure plutocracies, dozens of US-based high-profile companies warned in a letter to the US Environmental Protection Agency. The companies were firing back at the attack by Congressman Jared Huffman who recently described Bitcoin (BTC) mining as something that is “poisoning our communities,” and contributing to [...]

Bitcoin & Crypto Companies Warn of ‘Extreme’ Risk in Proof-of-Stake Systems2022-05-05T13:13:06+01:00

Panama & Brazil Progress Crypto Bills, while Argentina Sends Mining Warning


Crypto adoption is rising high on the political agenda in Latin America, where legislation is edging closer to promulgation – although Argentinean Bitcoin (BTC) and crypto miners have received a warning that if the chips are down, they could be ordered to power down their rigs. In Panama, Gabriel Silva, the MP who masterminded a draft law [...]

Panama & Brazil Progress Crypto Bills, while Argentina Sends Mining Warning2022-05-04T19:31:34+01:00

Police Warn Crypto Owners After Armed Robbery in Sweden


Couple Robbed for Crypto Police in Norway have issued a warning to crypto owners, saying they should take measures to ensure their own security with things like multi-signature solutions and alarm systems. The warning comes after a couple in Sweden in late April were assaulted and forced to hand over crypto worth a “significant” [...]

Police Warn Crypto Owners After Armed Robbery in Sweden2022-05-03T10:55:06+01:00
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