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Then there’s the more traditional heavy lifting needed to commence civil litigation, usually involving lawyers, serving information notices on exchanges and so on, said Aidan Larkin, CEO of Asset Reality. This helping hand offered to wallet users comes courtesy of MetaMask; Asset Reality is not in this to win some
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The fall of Terra (LUNA) shook the entire crypto market. However, the project has no plans to stay down as the project secured backing from crypto exchanges to help it rebuild. In an announcement Thursday, Terra provided details about the airdrop of the new native token within its new blockchain dubbed
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Quick take: MicroStrategy’s new Chief Financial Officer, Andrew Kang, has reiterated that the company will stick to its Bitcoin plan by not selling any BTC. Mr. Kang also adds that MicroStrategy investors are also aligned with the company’s Bitcoin strategy. MicroStrategy’s new CFO also forecasts possible regulation due to the recent volatility of
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After a grueling two weeks for the Terra community, the team behind the project announced revisions to their proposed revival plan for Terra (LUNA) and TerraUSD (UST). In a Tweet, Terra shared three major revisions to the proposed Terra revival and redistribution plan. These include increasing the genesis liquidity, introducing a
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Ethereum’s long-awaited migration to a proof-of-stake (PoS) consensus mechanism, which has been pushed back time and time again, looks set to occur sometime in August. Hopefully. Preston Van Loon, a core developer of the Ethereum (ETH) network, told attendees at the Permissionless conference that the transition, known as the Merge, would
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In times of high stress and market turmoil, sports entertainment has served as a valuable escape for people around the world as they get a chance to root for their favorite players and teams while briefly forgetting about the worries of the world. Amid the ongoing market volatility and falling crypto
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In what may have marked the largest token collapse in crypto history, Terra’s $40 billion stablecoin juggernaut crashed last week. Terra’s UST stablecoin, which is supposed to stay “pegged” to the price of the dollar, plummeted below 10 cents. LUNA, which UST’s “algorithm” uses to help prop up the stablecoin’s
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Terraform Labs co-founder Do Kwon has tabled a proposal to preserve the Terra ecosystem following the historic depegging of its algorithmic stablecoin, UST, and the resulting death spiral that plunged Terra (LUNA) tokens to practically zero. In a Friday post on Terra’s research forum, Kwon said, “The Terra community must reconstitute
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But representatives of the derivatives markets made it clear FTX is directly threatening their territory, arguing that cutting out intermediaries for derivatives trades wasn’t just an idea that was going to stop with digital assets. Terry Duffy, the chief executive officer of CME Group, the world’s leading derivatives exchange, aimed
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Do Kwon, CEO of Terraform Labs, will not admit defeat. After an 18-hour wait in which his coins Terra (LUNA) and TerraUSD (UST) endured a face-ripping freefall, Do Kwon has announced his “rescue plan" for the Terra community. Terra is down 90% from its all-time highs, while the “stablecoin” UST is
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