Luna Foundation Guard Discloses Usage of Bitcoin Reserves
The Luna Foundation Guard, the entity in charge of safeguarding the peg of UST, the stablecoin of the Terra ecosystem, has revealed how it used the available Bitcoin reserve before…
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Portugal to Tax Cryptocurrency Income According to Minister of Finance
Portugal, one of the countries considered a crypto tax haven due to its absence of crypto-related taxation, is preparing to change this policy. Fernando Medina, minister of finance of Portugal,…
U.S. Government Launches First Crypto Sanctions Evasion Case
The U.S. Department of Justice has launched its first-ever case involving the use of cryptocurrency to evade sanctions. Defendant Operated Payments Platform The U.S. government is set to bring charges...
Do Kwon Says Terra Could Fork Into Two Blockchains
Terraform Labs CEO Do Kwon has announced a second revival plan for the failing Terra ecosystem in a Twitter thread. Do Kwon Announces Revival Plan Do Kwon is not ready...
Finder’s Poll Conducted Weeks Before Terra’s Fallout Predicted LUNA Would Tap $143 This Year
Just recently, the product comparison platform finder․com polled 36 fintech specialists about the cryptocurrency terra (LUNA) before terrausd (UST) lost its parity with the U.S. dollar. According to the poll,…
Celsius Announces Plans to Take Its Mining Business Public
Crypto lending platform Celsius Network is planning to IPO its Bitcoin mining subsidiary firm, Celsius Mining LLC. Celsius Plans Mining Subsidiary IPO Celsius appears to be the latest crypto startup...
Circle Says USDC Reserve Backed Entirely in Cash and Short-Dated US Treasuries
On May 13, Circle’s chief financial officer Jeremy Fox-Geen published a blog post called “How to Be Stable,” following the aftermath of Terra’s stablecoin implosion. Circle’s CFO explained that since…
Terra’s LFG Reveals What Happened to Its Bitcoin Reserves
The Luna Foundation Guard revealed early Monday in a tweetstorm that it had sold off almost its entire Bitcoin reserve in the failed attempt to prevent the meltdown of its...
David Marcus Launches Bitcoin Payments Startup Lightspark
David Marcus, former cryptocurrency head at Meta, is launching Lightspark, another payments company that will use crypto as its central payment tool. The startup, which will have Marcus at the…
U.K. Treasury Confirms Stablecoin Legislation Part of Upcoming Bill
Her Majestys Treasury has confirmed plans to legalize stablecoins as a form of payment in a new Financial Services and Markets Bill announced on May 10. U.K to Regulate Stablecoins...
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