Terra’s new token LUNA 2.0 has seen a 54% drop in value over the past two weeks after hitting $11.33 per unit May 30. Fatman, a whistleblower, has claimed that Terra’s cofounder Do Kwon allegedly cashed out $2.7 billion a few month before the UST depegging incident. Kwon has been monitoring Fatman’s allegations and claims that the allegations are “categorically false”
Coin Center filed a lawsuit in federal district court against the Treasury Department — challenging Section 6050I’s reporting requirement.
Bitcoin’s mining difficulty was supposed to drop on June 8th, but it rose by 1.29% on Wednesday. At block height 739.928, Bitcoin’s hashrate reached an all-time record (ATH), reaching 292.02 exahash/second.
According to the blockchain analytics platform, last month’s crypto market crash was “more closely related” to a wider tech market decline.
Mastercard, the payments giant, is partnering with several NFT marketplaces in order to make it easier to purchase digital art.
Mercadolibre is one of the largest “e-tailers” in Latam. Mastercard has partnered with the company to use its tech to protect the company’s cryptocurrency ecosystem. Mercadolibre can now use Mastercard’s Ciphertrace technology to improve the security and control of crypto transactions within its trading ecosystem.
The stock price of the company has fallen 42% since Mark Zuckerberg, CEO, announced that it would be changing its name and shifting its focus.
Jim Cramer (host of Mad Money) has some tips for crypto investors. He said that “I wouldn’t discourage you from purchasing crypto,” and added that he owns ethereum.
Although a possible acquisition of Zipmex by Coinbase was being considered, the two decided to make a strategic investment instead. Zipmex is currently in the process of a Series B+ increase that could bring it to $400 million.
Members of Marcy Houses, Jay-Z’s childhood community, will be able to take classes at the new Bitcoin Academy.
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