The CEO of a New York City cryptocurrency company was arrested by the FBI on Thursday and charged with running a $59 million fraud scheme. A criminal complaint filed in Manhattan federal court charged that Eddy Alexandre, 50, of Valley Stream, New York, solicited funds from hundreds of individual in...
Binance CEO Changpeng Zhao says he doesn't think Terra's plan of forking the blockchain will work because it won't provide any value. "This won't work," Zhao said in a tweet on Saturday. "Forking does not give the new fork any value. That's wishful thinking." Zhao's tweet came a day after Do Kwon, t...
Terraform Labs co-founder and CEO Do Kwon broke his social media silence early Friday evening with a trio of tweets about the collapse of Terra's LUNA token and associated stablecoin, UST. 1/ I’ve spent the last few days on the phone calling Terra community members – builders, community members, em...
Dubai-based airline Emirates will "employ bitcoin as a payment service" as part of a push toward embracing blockchain and metaverse projects, according to a May 11 report from the Saudi Arabian news outlet Arab News.  Speaking at the Arabian Travel Market trade show in Dubai, Emirates' COO Adel Ahme...
Do Kwon, the co-founder and CEO of Terraform Labs, pitched a revival plan proposal on Friday following the collapse of the algorithmic stablecoin UST and its related Terra-based asset, Luna. The proposal, included in a post on a forum for Terra discussion, amounted to a restart of the Terra blockcha...
Geneva, Switzerland, 13th May, 2022, ChainwireTRON DAO and BitTorrent Chain (BTTC) are gearing up for Season 2 of the TRON Grand Hackathon 2022, with registration beginning Monday, May 16. The Hackathon is part of TRON DAO's long-term efforts to promote the mass adoption of blockchain technology and...
Luna Foundation Guard (LFG), a non-profit organization formed to support the growth of the Terra ecosystem, has yet to answer a crucial question about its bitcoin reserves after Terra's collapse. LFG accumulated a total of 70,736 bitcoins (worth over $2 billion) as "forex reserve" for Terra's algori...
Binance CEO Changpeng Zhao has weighed in on the collapse of the stablecoin TerraUSD (UST) and its related token Luna (LUNA). "I am very disappointed with how this UST/LUNA incident was handled (or not handled) by the Terra team. We requested their team to restore the network, burn the extra minted ...
Crypto lending business Celsius had at least half a billion dollars of funds parked in Anchor Protocol but appears to have pulled all of it out over a frantic 24 hour period earlier this week.  Wallets controlled by Celsius sent at least 261,000 ETH ($535 million at current prices) to Anchor Protoco...
The circulating supply of Luna (LUNA) surged to more than 6.5 trillion by the time the Terra blockchain was halted for a second time in an attempt to salvage the collapsing ecosystem.  For the last few weeks — up until just three days ago — the supply of Luna was only around 340,000, according to da...

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