From Silence to Humbling Hell – Major Terra Backers Keep Low Profile as the Small Guy Is ‘the Biggest Loser’

 
Major Terra (LUNA) backer Mike Novogratz of Galaxy Digital is still largely silent on the downfall of LUNA and the terraUSD (UST) algorithmic stablecoin, while some other institutional investors have put out vague statements that called the incident “hell for our entire community” and “incredibly humbling.”...
Read More: From Silence to Humbling Hell - Major Terra Backers Keep Low Profile as the Small Guy Is 'the Biggest Loser'

Legal Storm Brewing for Terra’s Do Kwon & Co as ‘Hundreds’ of Investors Ready Complaints

 
Another headache appears to be incoming for Do Kwon (full name Kwon Do-hyeong) and his company Terraform Labs – with investors in South Korea ready to wage a legal battle against the CEO.
Munhwa Ilbo reported that as many as three separate legal cases are now being mounted – each involving hundred of South Korean investors....
Read More: Legal Storm Brewing for Terra's Do Kwon & Co as ‘Hundreds’ of Investors Ready Complaints

CoinCorner Launches NFC-Enabled Bitcoin Card Powered by Lightning Network

 
Crypto exchange and web wallet provider CoinCorner has announced the launch of its Bolt Card, a contactless Bitcoin (BTC) card powered by near-field communication (NFC) and the Lightning Network (LN).
The card allows users to leverage the power of the LN, a layer 2 (L2) payment protocol layered on top of Bitcoin that makes fast and cheap transactions. It, therefore, enables users to make instant payments by tapping the card against a sale device displaying a Lightning invoice....
Read More: CoinCorner Launches NFC-Enabled Bitcoin Card Powered by Lightning Network

Coinbase Slows Down Hiring Plans Amid Market Downturn, Lower Financial Results

 
The ongoing downturn in the crypto markets is triggering changes to the hiring plans by some of the major industry players, with crypto exchange Coinbase announcing it will slow down its expansion plans with regard to creating new jobs this year. The latest development follows the release of disappointing financial results for the first quarter of 2022....
Read More: Coinbase Slows Down Hiring Plans Amid Market Downturn, Lower Financial Results

Do Kwon’s Plan for New Terra Blockchain Becomes ‘Final’

 
A plan to revive the Terra (LUNA) ecosystem by creating a new blockchain without an algorithmic stablecoin has been designated as “final” by Terraform Labs CEO and co-founder Do Kwon.
By creating a new blockchain with its own native token, Do Kwon’s revival plan would airdrop the new token to holders and stakers of LUNA on the old chain, as well as what he called “residual UST holders” and “essential app developers.”...
Read More: Do Kwon’s Plan for New Terra Blockchain Becomes ‘Final’

Smart Contract Platform Chain’s XCN Token Pumps and Dumps

 
The little-known smart contract platform Chain (XCN) is attracting attention after its native XCN spiked in price and briefly leaped into the top 40 list of the most valuable cryptoassets by market capitalization. Shortly after, however, the token dumped in the market to trade at its lowest point in nearly a week.
As of Wednesday at 09:23 UTC, Chain’s XCN token is trading at USD 0.0848, down 13% for the past 24 hours, 1.2% for the week, and 24.6% for the past 30 days....
Read More: Smart Contract Platform Chain’s XCN Token Pumps and Dumps

Fantom Stablecoin DEI Remains Below Dollar Peg For Third Day, No Updates from the Team

 
DEI, a hybrid algorithmic stablecoin of decentralized finance (DeFi) protocol DEUS Finance, has failed to restore its intended peg, currently trading under one dollar for the third day.
The stablecoin first lost its dollar peg on Sunday after a wave of uncertainty incited by the crash of Terra's decentralized stablecoin UST led to traders exchanging their DEI tokens for USD coin (USDC) amid a small amount of liquidity on decentralized exchanges....
Read More: Fantom Stablecoin DEI Remains Below Dollar Peg For Third Day, No Updates from the Team

El Salvador-hosted ‘44-nation Bitcoin Conference’ Not Quite a Nothing Burger

 
Central bankers attending a large-scale conference have moved to distance themselves from claims they are in El Salvador to talk about bitcoin (BTC) adoption – while local media outlets have suggested that BTC may be further down the agenda for the 44 nations attending than previously claimed. But evidence does suggest that the bankers and government ministers attending have already taken more than a passing interest in El Salvador’s adoption initiatives....
Read More: El Salvador-hosted ‘44-nation Bitcoin Conference’ Not Quite a Nothing Burger

Axie Infinity, NFT and Other Projects Fall Victims of a Phishing Attack

 
Messaging platform Discord servers of multiple large NFT collections and crypto projects, including play-to-earn game Axie Infinity, have been compromised, with attackers publishing phishing links that appear to be NFT mints. 
Some other affected projects include popular NFT collections Moonbirds and PROOF, virtual sneakers company RTFKT, payment network Memeland, and social graph protocol CyberConnect, among others, according to blockchain security firm PeckShield. ...
Read More: Axie Infinity, NFT and Other Projects Fall Victims of a Phishing Attack

Japanese City to Launch Metaverse Project with Entertainment Industry Behemoth

 
Local Japanese government bodies are set to begin metaverse projects – and may make use of NFTs and avatars in a new virtual space.
The ball is beginning to roll in Yabu, a city in the nation’s Hyogo Prefecture, where local authorities have teamed up with Yoshimoto Kogyo, one of Japan’s biggest and most powerful entertainment industry players....
Read More: Japanese City to Launch Metaverse Project with Entertainment Industry Behemoth

Crypto & Stocks ‘Decoupling’ Prediction Flops but There’s Still Hope

 
It appears that some of the high-profile crypto fund managers have less of a crystal ball than some may want to believe.
Back in February, Joey Krug and Dan Morehead, the two co-chief investment officers at crypto hedge fund Pantera Capital, predicted that crypto markets would “decouple” from traditional markets in the coming weeks....
Read More: Crypto & Stocks 'Decoupling' Prediction Flops but There's Still Hope

Crypto Payments on Shopify, Cloudflare Plays With Ethereum, EY & Polygon + More News

 
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news._____
 
Crypto platform Crypto.com launched its Crypto.com Pay service to all merchants who use the Shopify e-commerce platform to enable purchases using crypto....
Read More: Crypto Payments on Shopify, Cloudflare Plays With Ethereum, EY & Polygon + More News

FTX’s Bankman-Fried Hints at Bitcoin Lightning Network Integration After Community Backlash

 
After facing a backlash from the Bitcoin (BTC) community over comments to the Financial Times that Bitcoin is “not a payments network,” Sam Bankman-Fried, the billionaire CEO of crypto exchange FTX, now hints that his exchange may implement Bitcoin Lightning Network payments.
“Sounds right, will ping devs,” Bankman-Fried replied to a comment that suggested that “all is forgiven” if Lightning is integrated into FTX....
Read More: FTX's Bankman-Fried Hints at Bitcoin Lightning Network Integration After Community Backlash

Contradictory Vitalik Buterin Says He Wants a More Bitcoin-like Ethereum

 
Ethereum (ETH) co-founder Vitalik Buterin has touched on some of the contradictions in his thoughts and values that he hasn't resolved yet. 
In the first place, the Ethereum mastermind acknowledged that he wants a more Bitcoin (BTC)-like Ethereum with a focus on long-term stability. However, he said achieving that requires a lot of short-term change. ...
Read More: Contradictory Vitalik Buterin Says He Wants a More Bitcoin-like Ethereum

Elon Musk Could Renegotiate Twitter Deal as Bot Number ‘Unknowable as the Human Soul’

 
In another installment of Elon Musk’s journey towards acquiring social media giant Twitter, the billionaire is apparently aiming to renegotiate his bid to take over the platform, declaring that a lower price tag would not be “out of the question.”
Speaking at a conference in Miami, Tesla’s CEO said that currently what he is “being told is that there’s just no way to know the number of bots” on Twitter....
Read More: Elon Musk Could Renegotiate Twitter Deal as Bot Number 'Unknowable as the Human Soul'

Coinbase Plays Web3 Card, BitMEX Launches Spot Trading in Race for New Customers and Revenues

 
Major crypto exchanges Coinbase and BitMEX are deploying new features to lure more customers, benefiting from users’ rising interest in direct and mobile Web3 access, and spot markets, among others.
As planned, the major crypto derivatives platform, BitMEX, is introducing a new spot exchange that allows traders to buy, sell and trade cryptoassets with the use of an orderbook. ...
Read More: Coinbase Plays Web3 Card, BitMEX Launches Spot Trading in Race for New Customers and Revenues

China’s Global Bitcoin Hashrate Share Leaps up from Zero to Over 21% – Report

 
The latest Cambridge Bitcoin Electricity Consumption Index (CBECI) hashrate figures will make interesting reading for anyone in the Bitcoin (BTC) mining space.
Last year, the University of Cambridge’s Judge Business School reported that the “leading share” of global Bitcoin network hashrate “now sits in the United States, followed by Kazakhstan and Russia.” Indeed, per the August 2021 numbers, China’s hashrate sat at a big fat 0%....
Read More: China’s Global Bitcoin Hashrate Share Leaps up from Zero to Over 21% - Report

South Korean Financial Regulators Begin Terra Probes, Politician Calls for Kwon to Face Parliamentary Hearing

 
The Terraform Labs mastermind Do Kwon (real name Kwon Do-hyeong) could be facing trouble from financial and law enforcement authorities in South Korea and Singapore as a torrid month for the Terra (LUNA) platform just keeps getting worse.
Following reports that Kwon appears to have dissolved two domestic arms of his company as early as late April, the CEO is now facing up to a fresh headache – with South Korea’s top financial regulators on the warpath....
Read More: South Korean Financial Regulators Begin Terra Probes, Politician Calls for Kwon to Face Parliamentary Hearing

Do Kwon’s New Terra Revival Plan Fights for Support as Trust Challenge Remains

 
Another Terra (LUNA) ecosystem revival plan by Terraform Labs (TFL) CEO and Co-founder Do Kwon seems to have the support of at least some Terra developers, while trust issues still pose serious challenges to this plan.
In a Monday post and an accompanying Twitter thread, Kwon suggested forking the Terra network into a new chain without the algorithmic stablecoin terraUSD (UST), whose peg failure led to the entire ecosystem crashing....
Read More: Do Kwon's New Terra Revival Plan Fights for Support as Trust Challenge Remains

Bitcoin and Ethereum Still Consolidate, MKR Outperforms

 
Bitcoin price started a downside correction below the USD 30,000 level before moving back. BTC is now (04:07 UTC) consolidating near USD 30,300 and facing hurdles on the way toward USD 31,000. A clear move above USD 31,000 and USD 31,500 could open the doors for a stronger increase. BTC is unchanged in a day and a week....
Read More: Bitcoin and Ethereum Still Consolidate, MKR Outperforms

Russians Based Abroad Say They Can’t Withdraw Funds from Binance

 
Russian users – even some not located in the aggressor state of Russia – are complaining that they are having problems using the crypto exchange Binance.
The Telegram-based Russian financial news channel Banksta reported that the Binance exchange had “decided to punish Russians, regardless of their country of residence.” It wrote: “If [you are] Russian, then [...] transfers to international banks are impossible.”...
Read More: Russians Based Abroad Say They Can’t Withdraw Funds from Binance

Crypto Listing and Delisting Announcements: Week 20

 
Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.
Have we missed something? Do you have information about new listings and/or delistings? Let us know here.
_________________________________________
AscendEXListings:Enjin (ENJ)Efinity (EFI)
 
BiboxListings: Captain Planet (CTP)Kunci Coin (KUNCI)Relife Token (RLT)
 ...
Read More: Crypto Listing and Delisting Announcements: Week 20