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Report: Terra Founder Do Kwon’s Spouse Seeks Police Protection After the LUNA and UST Fallout
Following the aftermath of the Terra blockchain tokens LUNA and UST losing significant value, reports indicate that the Terraform Labs founder Do Kwon’s apartment was visited by an unidentified person. Do Kwon’s spouse has…
Bitcoin, Ethereum Technical Analysis: ETH Back Below $2,000, BTC Down 6% to Start the Weekend
Following a strong rebound on Friday, crypto prices moved back into the red today, with BTC falling below $30,000 to start the weekend. ETH also moved lower, as its own price slipped below the $2,000 level during Saturday’s session.…
Despite the Low Price, Bitcoin’s Hashrate Remains Elevated as Difficulty Taps an All-Time High
Amid the Terra blockchain meltdown, Bitcoin’s hashrate has been well above the 200 exahash per second range, at 212 EH/s at the time of writing. Bitcoin’s hashpower has remained high after reaching an all-time high on May 02,…
American Financial Infidelity Report: 2 out of 5 Survey Respondents Hid Their Crypto Purchases
A recent survey study has found that two out of five Americans in committed relationships have admitted to hiding a cryptocurrency purchase from their partner. The crypto-cheating partners believe disclosing the purchase would damage their…
Central Bank of Chile Studies Issuance of a Digital Currency
The Central Bank of Chile revealed it is studying how to issue a national digital currency, the digital peso. The bank issued a report titled “Issuance of a Central Bank Digital Currency in Chile,” where it explores the…
Warren Buffett-Backed Nubank Launches Crypto Trading — Holds Bitcoin on Balance Sheet
Warren Buffett-backed Nubank, one of the world’s largest digital banking platforms, has launched cryptocurrency trading. Starting with bitcoin and ether, the bank explained that its 54 million customers can “buy, hold and sell…
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The Latest Zcash Software Release Supports the Network’s ‘Largest Upgrade in History’
According to the Electric Coin Company, the team behind the cryptocurrency network Zcash, the protocol is soon to implement the largest upgrade in history. The Zcash development team has released the 5.0.0 codebase which supports the NU5…
Terra Blockchain Temporarily Stops Block Production, Aims to Restart Network With a Patch
At 12:14 p.m. (ET), the Twitter account operated by the Terra team announced that the Terra blockchain network had been halted. According to the Terra developers’ tweet, Terra validators needed to apply a patch to further disable…
SEC Chair Gensler: Crypto Exchanges Are Trading Against Their Customers Often
The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, says cryptocurrency exchanges are “trading against their customers often because they’re market-marking against their customers.” He has…