Why Terra Luna Crashed ? | Curated CoinCodeCap #17 May 2022
Crypto Regulation, DAO Wars, DeFi Sagas, Bitcoin Supremacy, and Digital Avatars, all here with market updates and a meme.
While Bitcoin paves the path for crypto mass adoption, Ethereum becomes the sword of Keyboard warriors. Here’s what happened to the market yesterday:
Our Blockshots Podcast 🎙️🎤
On this episode we talk about the journey of Tezos and building the Tezos ecosystem with its co-founder Arthur B
S.Korean Lawmakers want to question Do Kwon Over LUNA Crash
The native assets LUNA and UST of Terra have been de-pegged. Lawmakers in South Korea want to question Do Kwon on this issue. As a result of the damage to the network, the National Assembly’s Political Affairs Committee met. the meeting aimed at discussing the network’s loss. Keep Reading »
U.S. SEC Chair says Much Work to be Done to Safeguard Crypto Investors
SEC Chairman Gary Gensler has considered regulations focusing on “crypto trading, lending, and DeFi platforms,” claiming that investors are at risk in a fast-growing and “high volatility sector.” Keep Reading »
A School and a Law Firm in Dubai to Start Accepting Crypto Payments
Commenting on the development, Ashish Mehta, the founder and Managing Partner of Ashish Mehta & Associates, said, “The world is moving towards digital solutions to keep up with the advanced developments. But I would like to highlight that the regulatory and compliance framework devised by the government of Dubai and the United Arab Emirates has greatly encouraged our firm to accept payments in cryptocurrencies.” Keep Reading »
Top 100 Dead Crypto Coins Based on Github Activity in 2022
As we can see, the craze of Crypto, MetaVerse, NFTs, and Web3 is booming exponentially. But, unfortunately, so is the no. of useless crypto coins in the market. As a result, the crypto market is flooded with many useless and dead coins. In this article, we will discuss Top Dead Crypto Projects based on their GitHub Activity, i.e., No. of commits and No. of Contributors. We have used the Contora Tool to find dead coins based on the number of contributors on Github over the last three months. Keep Reading »
QuickSwap Domain Hacked, But Funds Safe
QuickSwap has reported that their domain was hijacked, although funds in LPs, the Dragon’s Lair, Syrup Pools, and wallets are safe. But swaps have been affected. So, they have advised users to stop swapping on their platform. Keep Reading »
ECB could Launch a Digital Euro within Four Years: Towards a Digital Euro
Physical currency has lost favour in recent years. The majority of money is digital and created by regulated commercial banks. Customers’ e-wallets are being fought over by a cast of digital-money want tobes. And central banks want to continue in the money game by creating their own digital currencies. Keep Reading »
SpiritSwap Hacked, Around $18K Lost
Earlier diagnosis by the team suggested that the Hacker has exploited AWS, where they have changed the swap parameters so that swaps can go to a specific address. However, later it was found that Hacker had managed to exploit Godaddy, and they have hijacked their domain and copied their codebase, and in the process, they have changed the swap parameters. Keep Reading »
U.S. Warns Against Hiring North Korean IT workers
An advisory was issued to notify the foreign community against DPRK information technology personnel. DPRK information technology personnel attempting to obtain employment while posing as non-DPRK citizens. Keep Reading »
Coinbase to Allow Some App Users to Access Ethereum-Based Dapps
Coinbase Global to allow a part of its app users to access Ethereum-based decentralized apps directly from the Coinbase app, according to a blog post released on Monday. The new feature will help users explore dapps without having to manage a recovery phrase. “This innovative dapp wallet experience is powered by Multi-Party Computation (MPC) technology that enables you to have a dedicated on-chain wallet that Coinbase helps you keep secured,” the blog post reads. Keep Reading »
Crypto Poses a Threat to India’s Financial Stability
According to the sources of a local newspaper, the RBI officials have stated that the cryptocurrency or the digital assets have the extreme ability to basically dollarize a portion of the economy. They informed the committee that this would be damaging to India’s sovereignty. The committee was chaired by Jayant Sinha who is the former state minister of finance. Keep Reading »
Do Kwon Shares Revival Plans for the Terra Ecosystem
After the recent crash of Luna, the founder of the algod stablecoin, Do Kwon, came up with a revival plan to give the ecosystem the necessary boost. The ecosystem got compromised because of liquidation and dilution by the holders. Kwon shared, “The Terra community must reconstitute the chain to preserve the community and the developer ecosystem.” Keep Reading »
Market Updates
ADA Price Analysis May 2022
ADA is a coin of platform Cardano. Its current price is around $0.7763 byting, with a low of $0.7424, and has a market cap of 26.2 billion dollars. Keep Reading »
NEXO Price Analysis May 2022
NEXO is a token of the platform Nexo. Its current price is around $2.52 by writing, with a low of $1.05, and has a market cap of 1.4 billion dollars. Keep Reading »
ZRX Price Analysis April 2022
ZRX is a token of platform 0x. Its current price is around $0.8124 by writing, with a low of $0.4514, and has a market cap of 688 million dollars. Keep Reading »
KNC Price Analysis April 2022
KNC is a token of the platform Kyber Network. Its current price is around $4.60 by writing, with a low of $1.17, and it has a market cap of 818 million dollars. Keep Reading »
Crypto to look out for this week BTC, ETH, ALGO, 1INCH, PAXG
There are a lot of Defi tokens that have been doing well in the market recently, but there are also some that are undervalued and could be great buys in May. These tokens are not only profitable but also have a good reputation. So here are the top 3 Defi tokens to buy in May 2022. Keep Reading »
Top 3 Defi Tokens to Buy in May 2022: RUNE, LINK, CAKE
There are a lot of Defi tokens that have been doing well in the market recently, but there are also some that are undervalued and could be great buys in May. These tokens are not only profitable but also have a good reputation. So here are the top 3 Defi tokens to buy in May 2022. Keep Reading »
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