County Luna Financial News

28.06 / 09:41

business Tether cryptocurrency investment Tether CTO refutes stablecoin FUD as short-sellers circle

Tether chief technology officer Paolo Ardoino has confirmed that the stablecoin has been the subject of a “coordinated attack” by hedge funds looking to short sell the dollar-pegged crypto asset.

27.06 / 20:37

markets Stablecoin Investments Trading Terra's LUNA2 skyrockets 70% in nine days despite persistent sell-off risks

The price of Terra (LUNA2) has recovered sharply nine days after falling to its historic lows of $1.62.

27.06 / 15:21

MARKET BlockFi Terra Bitcoin Unsustainable Mike Novogratz Now Admits That Terra's Model Was Unsustainable

Galaxy Digital CEO Mike Novogratz has said that although he was “worried about the macro environment,” he was hoping bitcoin (BTC) “would stay in the USD 30,000 to USD 50,000 range.” At the same time, he argued that the model his once-favorite crypto Terra (LUNA) was built on was unsustainable.

27.06 / 13:51

cryptocurrency Hack Terra Anonymous Pledges to Reveal 'Do Kwon’s Entire History' Since He Entered Crypto

Hacktivist group Anonymous has vowed to look into the actions of Terra (LUNA) co-founder Do Kwon since he entered the crypto space in a bid to expose his alleged crimes.

27.06 / 06:35

Blockchain Hackers investigation Terra Anonymous vows to bring Do Kwon’s ‘crimes’ to light

Hacktivist group Anonymous has pledged to “make sure” Terra co-founder Do Kwon is “brought to justice as soon as possible” in regards to the collapse of the Terra (LUNA) and TerraUSD (UST) ecosystems in May.

25.06 / 13:11

business Altcoin BitPanda Bitpanda announces layoffs citing no compromise on product quality

Austrian crypto and stock trading platform Bitpanda joins the growing list of companies to announce a mass layoff as it aims to “get out of it financially healthy” amid an unforgiving bear market.

22.06 / 19:57

BTC ETF Bitcoin Luna Weekend Bitcoin: Reasons why BTC crashed below $18,000 during the weekend

Bitcoin’s crash in the second week of June appeared to have been equivalent if not more intense than its crash in May. The May crash was triggered by LUNA and UST’s death spiral, but the market did not have such a major black swan in June. There were a few FUD-inducing headlines that seem to have been enough to encourage major BTC sell-offs.

22.06 / 12:09

cryptocurrency Aware Luna South Korea Puts This Crypto Company's Staff On No-Fly List

TerraUSD's paired token, Luna, plunged in value last month.

21.06 / 19:53

Blockchain Technology Adoption regulation Terra Usd Utility BIS: 90% of Central Banks are researching the utility of CBDCs

In a new annual economic report published by the Bank of International Settlements (BIS), the financial institution revealed that approximately 90% of central banks worldwide are investigating the feasibility of adopting central bank digital currencies, or CBDCs.

20.06 / 16:15

business Blockchain Stablecoin investigation South Korean prosecutors ban Terra employees from exiting the country: report

Terra (LUNA) employees are reportedly unable to leave South Korea as the country's prosecutors imposed a departure ban on key developers of the project.

20.06 / 12:55

Altcoins security governance Staking Terra How Tokenomics Might Change in the Wake of the Terra Collapse

It seems that tokenomics is in crisis. Where before a superficially deflationary monetary system was enough to draw in investors, the Terra collapse and the ongoing downturn have likely had an irreversible impact on the perceptions of traders, who now may think twice before throwing their money in with a coin that claims ‘strong tokenomics.’

19.06 / 08:19

business Blockchain Adoption data BIS to launch market intelligence platform amid stablecoin, DeFi collapse

The Bank for International Settlements (BIS) Innovation Hub announced the launch of a new set of projects targeting various aspects of traditional and crypto payments — including a cryptocurrency market intelligence platform and security for retail central bank digital currency (CBDC).

18.06 / 08:41

business Blockchain Stablecoin Dollar Magic Internet Money token depegs as Terra (LUNA) domino effect persists

Magic Internet Money (MIM), a US dollar-pegged stablecoin of the Abracadabra ecosystem, joins the growing list of tokens losing their $1 value amid an untimely crypto winter. The sudden de-pegging of the MIM token commenced roughly on June 17, 7:40 pm ET, which saw the token’s price drop to $0.926 in just three hours.

17.06 / 19:47

markets Ripple XRP Interest rates Drop XRP price technical breakdown boosts chances of a 40% drop by July

Ripple (XRP) price stares at potential losses in the coming weeks as it breaks out of a "descending triangle" pattern, with its bias skewed toward the downside.

17.06 / 14:37

Blockchain lending Bitcoin restrictions Finblox withdrawal restrictions trigger concerns from the community

Finblox, a crypto-staking platform backed by Three Arrows Capital (3AC) has paused reward distributions and tightened its withdrawal limits. Following this, community members expressed concerns over their assets, with some calling for transparency and bringing up decentralization.

15.06 / 22:29

Blockchain exchanges Bitcoin innovations Bitcoin is here to stay even as new innovations develop — Bybit founder

Cointelegraph's editor-in-chief Kristina Cornèr interviewed Bybit founder Ben Zhou at the Formula 1 Grand Prix at Monaco, discussing topics like educating newcomers in crypto, the effects of the Terra (LUNA) — now known as Luna Classic (LUNC) — debacle on institutional interest and the survival of Bitcoin (BTC) amid new developments in the industry.

14.06 / 21:03

Law regulation Europe European Union EU commissioner reiterates need for 'regulating all crypto-assets'

Mairead McGuinness, the commissioner for financial services, financial stability and capital markets union at the European Commission, is moving forward with discussion on regulating cryptocurrencies amid three major events in the space.

14.06 / 12:43

Blockchain cryptocurrency BNB Crypto Crash 2022 - Coins That Can Contribute to Increasing Your Portfolio’s Profit: Mushe Token (XMU), Binance Coin (BNB), and Stellar (XLM)

Disclaimer: The text below is an advertorial article that was not written by Cryptonews.com journalists.

13.06 / 23:55

Lowe's Extreme Luna debate Decoding the LUNA 2.0 v. LUNA Classic debate: Which one should you buy

It is roughly one month since LUNA and UST crashed. There have been significant changes during that time, including a plan to keep LUNA alive through a fork. The latter resulted in LUNA 2.0 and LUNA Classic.

13.06 / 20:27

Twitter Extreme Platform Bitcoin Crypto Market Bleeds, With Bitcoin Falling Below $24k

Today, the cryptocurrency market suffered a panic sell-off following new highs reported in US inflation data.Moreover, global market fears added to the vulnerabilities of cryptocurrencies.

13.06 / 13:49

Blockchain Stablecoin TRON USDD stablecoin falls to $0.97, DAO inserts $700M to defend the peg

While the market has not yet fully recovered from the onslaught caused by the TerraUSD (UST) depeg, another stablecoin project shows signs of distress, causing fears and speculation within the community.

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