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May 2022

44 Countries Converge in El Salvador to Discuss Bitcoin Roll Out, President Bukele Says

44 Countries Converge in El Salvador to Discuss Bitcoin Roll Out, President Bukele Says

Forty-four nations are expected to meet in El Salvador to discuss issues touching on banking the unbanked and Bitcoin adoption, according to President Nayib Bukele. President Bukele tweeted: “32 central banks and 12 financial authorities (44 countries) will meet in El Salvador to discuss financial inclusion, digital economy, banking the unbanked, the Bitcoin rollout and […]

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Onchain Analysis Report Says Terra’s Bitcoin Reserves Were Sent to Binance and Gemini

Onchain Analysis Report Says Terra’s Bitcoin Reserves Were Sent to Binance and Gemini

After the collapse of Terra’s once-stable coin terrausd (UST), a number of people wondered where the Luna Foundation Guard’s (LFG) bitcoin went, as the funds were supposed to be used to defend UST’s $1 parity. On Friday, the blockchain intelligence and analytics firm, Elliptic, published a blog post that summarizes where the bitcoin was sent,

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Luna price crash explained: Why Terra Luna’s value is crashing and if experts think the crypto will recover

Luna price crash explained: Why Terra Luna’s value is crashing and if experts think the crypto will recover

Why did Luna crash? Luna crashed due to its link to terraUSD (UST), a stablecoin which was pegged to the US dollar. Stablecoins are cryptocurrencies linked to traditional ones. UST decoupled from the dollar earlier this week, which sent its price tumbling through the floor. Luna’s market cap has fallen from $40bn (£32.9bn) to little

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Terra’s Big Backers, Shanghai Court Declares Bitcoin Property, BTC Obituaries, and Triple Top Hopes — Bitcoin.com News Week in Review

Terra’s Big Backers, Shanghai Court Declares Bitcoin Property, BTC Obituaries, and Triple Top Hopes — Bitcoin.com News Week in Review

With the nightmare nosedive of Terra’s LUNA and UST, the Shanghai High People’s Court declaring that bitcoin is virtual property protected by Chinese law, a surge in Bitcoin Obituaries, and some hoping for a rare triple top to appear for BCT, the past week has been full of shock, questions, speculation, and broader market resilience

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What Happened to the .5B Terra Reserve?

What Happened to the $3.5B Terra Reserve?

Blockchain analytics firm Elliptic follows the money to major exchanges Gemini and Binance. Where’d that $3.5 billion go? Unless you’ve been off the grid for the last couple weeks, you likely already know that the $3.5 billion of bitcoin that was created, in part, to defend and support the TerraUSD (UST) stablecoin, which proved to be

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Investors could get a reprieve from vicious stock sell-off in week ahead

Investors could get a reprieve from vicious stock sell-off in week ahead

KEY POINTS Stocks could see a reprieve from selling in the week ahead, after the past week’s sharp plunge and rebound. Retail sales and housing data are highlights of the economic calendar, and Fed Chairman Jerome Powell speaks at a conference Tuesday. The consumer is a focus when a few big retailers — Walmart, Home

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CONTINENTAL DIAMOND BECOMES MINNESOTA’S FIRST JEWELRY STORE TO ACCEPT BITCOIN

CONTINENTAL DIAMOND BECOMES MINNESOTA’S FIRST JEWELRY STORE TO ACCEPT BITCOIN

Continental Diamond, a St. Louis-based jewelry store, has partnered with BitPay enabling its customers to use bitcoin as payment. Continental Diamond, a St. Louis-based jewelry store, will begin accepting bitcoin as payment. Continental is partnering with BitPay to facilitate bitcoin payments. Earlier this week, the famous fashion-house Gucci also began accepting bitcoin. St. Louis Park-based Continental

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Binance CEO CZ to support Terra community but expects more transparency

Binance CEO CZ to support Terra community but expects more transparency

Pointing out the potential issues with forking Terra, CZ said that “Minting, forking, don’t create value.” Changpeng “CZ” Zhao, the CEO of crypto exchange Binance, recently questioned the idea of hard forking the Terra blockchain as a means to revive the once-thriving LUNA and UST ecosystems. Following up on the same, CZ revealed his perspective on the

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Emirates Airline to Roll Out Bitcoin Payment and Enter the Metaverse

Emirates Airline to Roll Out Bitcoin Payment and Enter the Metaverse

Emirates Airlines has revealed plans to adopt advanced digital solutions, such as cryptocurrency, metaverse, and blockchain, to optimize customer satisfaction rates. Speaking to a media gathering at the Arabian Travel Market, Emirates CEO Adel Ahmed Al-Redha disclosed that the Bitcoin payment option would be rolled out with more flexibility. Furthermore, non-fungible token (NFT) collectibles would

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Top Video Game Artists Adopt NFTs to Help Ukraine, Collection to Release on Official MetaHistory Museum

Top Video Game Artists Adopt NFTs to Help Ukraine, Collection to Release on Official MetaHistory Museum

Since the outbroke of the Russian-Ukrainian war, many celebrities, social activities, and visual artists joined the league of supporting Ukraine by cryptocurrency and NFT artworks. And the trend just doesn’t stop. Now, a group of top-notch artists bring the support and devotion to a brand-new level with long-lasting impact – the avatar NFT series. The

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