Binance Cuts Bitcoin-Margined Luna Perpetual Contracts, Chinese High Court Declares Bitcoin A Virtual Asset, Warren Buffett Backed Digital Bank Buys Bitcoin

by Lindi Miti | May 13, 2022 | News, Weekly Recap

Binance Cuts Bitcoin-Margined LUNA Perpetual Contracts In response to the Terra Luna saga, Binance, the biggest cryptocurrency exchange, has de-listed Bitcoin-margined LUNA perpetual contracts. It also reduced leverage to 8X for USDT-margined LUNA perpetual contracts....

Do Kwon Shares Plan To Save UST Peg, Australian Bitcoin ETF Goes Live This Week, Continental Diamonds Accepts Bitcoin For Jewelry Purchases 

by Lindi Miti | May 12, 2022 | News, Weekly Recap

Do Kwon Shares Plan to Save UST Peg After 15 hours of silence, Terra founder, Do Kwon, outlined the plan to rebuild the Terra Ecosystem and save the algorithmic UST stablecoin peg on a Twitter thread this Wednesday. TerraUSD (UST) fell to $0.22, while LUNA plummeted...

Meta Partners With Polygon For NFT Push, Madonna and Beeple Launch NFT Collection, El Salvador Buys the Dip

by Lindi Miti | May 11, 2022 | News, Weekly Recap

Meta Partners with Polygon for NFT Push Ryann White, CEO of Polygon, announced on Twitter that 0xPolygon is partnering with Meta, Mark Zuckerburg’s metaverse project, to create an NFT platform for Facebook and Instagram.  Meta announced their NFT pilot on...

Indian GST Council Considers 28% Tax On Crypto, SBI Motor Japan Accepts Crypto For Used Cars, TerraUSD (USD) Falls To $0.82 Amidst Crypto Crash

by Lindi Miti | May 10, 2022 | News, Weekly Recap

Indian GST Council Considers 28% Tax on Crypto. The Indian GST (Goods and Services Tax) Council considers a 28% tax on cryptocurrencies. That is on the back of the 30% on profit cryptocurrency tax imposed on the 1st of April.   The Goods and Services Tax...

Aave Founder Returns to Twitter After Permanent Ban, Crypto Added to Telegram by TON Stewards, and Ukrainian Government Accepts NFT Donations

by Lindi Miti | Apr 29, 2022 | News, Weekly Recap

Aave Founder Returns to Twitter After Permanent Ban Aave Founder, Stani Kulechov, returned to Twitter after receiving a permanent ban that lasted 15 hours. On Wednesday, Kulechov tweeted, “BREAKING: Joining Twitter as interim CEO.” Failing to see the humor...