FTX US Launches Stablecoin Backed Stock Trading, Russian Minister Says Legalizing Bitcoin Is A Matter Of Time, Jamiroquai Funky Jazz Band on Sandbox

by Lindi Miti | May 20, 2022 | News, Weekly Recap

FTX U.S. Launches Stablecoin Backed Stock Trading FTX US, a cryptocurrency exchange, is launching a stock trading platform. The platform will allow retail investors to invest in the U.S. equities market using fiat-backed stablecoins like USD Coin (USDC). “With the...

Seth Green Loses Ape NFT To Phishing Scam, Binance Seeks Crypto License In Germany, Do Kwon Sued By South Korean Law Firm

by Lindi Miti | May 19, 2022 | News, Weekly Recap

Seth Green Loses Ape NFT to Phishing Scam Seth Green, the American actor and comedian, had his Bored Ape Yacht Club (BAYC) NFTs stolen during a phishing attack on Tuesday. The stolen NFTs included a Bored Ape Yacht Club NFT worth $200,000, two Mutant Ape Yacht Club...

Robinhood Launches DeFi Wallet, BitMEX Launches Spot Exchange, Do Kwon Summoned To South Korean Parliamentary Hearing

by Lindi Miti | May 18, 2022 | News, Weekly Recap

Robinhood Launches DeFi Wallet Robinhood CEO, Vlad Tenev, announced the launch of a DeFi wallet at the Permissionless DeFi Conference in Miami, Florida. A DeFi wallet is a non-custodial wallet, which means users have complete control over their cryptocurrency,...

Forty Four Countries Meet In El Salvador To Discuss Bitcoin Rollout, Luna Foundation Guard To Compensate UST Holders, Polygon Extend A Helping Hand To Luna Projects

by Lindi Miti | May 17, 2022 | News, Weekly Recap

44 Countries Meet In El Salvador to Discuss Bitcoin Rollout On Sunday, El Salvador President, Nayib Bukele, tweeted that 44 countries would meet in El Salvador to discuss financial inclusion and the bitcoin rollout.  “Tomorrow, 32 central banks and 12...

Crypto.com Reverses Luna Trades, Do Kwon Heartbroken About Luna Invention, CryptoU Founder Working At McDonald’s Joke

by Lindi Miti | May 16, 2022 | News, Weekly Recap

Crypto.com Reverses LUNA Trades Last week, Crypto.com, a leading cryptocurrency trading platform, reversed LUNA trades following a technical glitch in their quoting system. “For 59 minutes, we were quoting prices 30-40x above-market prices for Luna due to technical...

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....