Investors who took out loans to purchase cryptocurrencies are currently feeling the heat. Here is a breakdown of how they raised funds to purchase their cryptocurrency.
The launch of Terraform Labs' Luna 2.0 this week got off to a shaky start as its native token plummeted nearly 70% in the last 24 hours.
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.
The role will be responsible for increasing customer demand for Google Cloud's Web3 projects as well as boosting awareness of the programs.
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.'