Following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd, the South Korean government is proposing stricter rules, including a common listing requirement, for all cryptocurrency exchanges in the nation (UST).
According to a high-ranking official from Russia's finance ministry, authorities are considering the use of digital currencies for foreign payments. Cryptocurrency may be used in barter dealings with overseas partners if it is recognized as property, he said.
LUNA classic and UST classic holders got an airdrop of fresh LUNA 2.0 tokens based on two blockchain snapshots on Saturday, May 28, 2022. The crypto asset's initial recorded value was $14.31 per unit at 5 a.m. (ET), and it reached an all-time high (ATH) of $18.87 per LUNA 20 minutes later. At 11:00 a.m. on Saturday, LUNA was trading for $4.20 per unit, down more than 70%.
The World Bank has stated that funding the proposed Sango crypto center will be 'physically difficult' and expressed reservations about the country's adoption of Bitcoin.
Wormhole will soon be incorporated into the backend of the Injective Bridge, allowing users to move assets between other EVM chains or Solana with the press of a button, according to Injective Labs.
After the market collapsed, Guggenheim Chief Investment Officer Scott Minerd believes there is a lot more downside to crypto. He believes the price of bitcoin will decrease to $8,000.
Following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd, a crypto investor was detained after knocking on Do Kwon's home (UST). He lost $2.4 million and is now being investigated by South Korean authorities. When he lost his assets, he claimed, 'I felt like I was going to die.'
The governor of the Bank of England, the British central bank, claims that bitcoin has no intrinsic value and that it is unsuitable for use as a payment method. After the crypto market crashed, he issued a warning.
Adam Neumann, the co-founder of Wework, is behind a new crypto project called Flowcarbon, which announced on Tuesday that it has raised $70 million from a small group of investors led by Andreessen Horowitz (A16z). The project's efforts, according to Flowcarbon's chief executive Dana Gibber, provide a 'great financial mechanism that creates a counterbalancing incentive to reforest, revive, and safeguard nature.'
In 2021, only 12% of American adults used cryptocurrency, with a huge demographic divide between those who invested in it and those who used it for transactions.