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The petition that Tether (USDT) presented to the supreme court of the state of New York asking permission to block the public from viewing documents that explain the composition of Tether’s reserves over the last few years has been refused.
More info: https://bit.ly/3wkMrl7
According to on-chain analytics firm Santiment, ADA whale transactions – defined as those with a value above the $100,000 mark – jumped to 1,085 earlier this month, the largest spike seen since January of this year.
More info: https://bit.ly/3yKaV9a
Last week, when USDT dropped below $1 for a short time, some investors hastily withdrew $7 billion from Tether as questions again arose as to whether the most popular stablecoin is 100% backed.
More info: https://bit.ly/3Njl6W5
Reports surfaced on Friday that Spotify is running a test for select users of the platform's Android app in the United States. These users can see the NFT previews on the artists' profiles.
More info: https://bit.ly/39v5f8b
Portuguese Finance Minister Fernando Medina has confirmed that his country will begin taxing cryptocurrency but has not committed to a date.
More info: https://bit.ly/3yDOC4L
KSM, the native token of the Kusama network, surged 13.5% Monday.
1.1 million KSM tokens locked up from the network's first five parachain auctions have been returned to holders.
More info: https://bit.ly/3Lh475h
As of May 7, the LFG had a reserve consisting of various assets, including over 80,000 BTC and 23.5 million USDC. It has several other assets, but these two make up the bulk of the reserve.
More info: https://bit.ly/3lwK74x
Nayib Bukele, the president of El Salvador, tweeted late Sunday that 44 countries will meet in El Salvador on Monday to discuss bitcoin, among other things.
"Tomorrow, 32 central banks and 12 financial authorities (44 countries) will meet in El Salvador to discuss financial inclusion, digital economy, banking the unbanked, the #Bitcoin rollout and its benefits in our country," wrote Bukele.
More info: https://bit.ly/3FMgDZF
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."
More info: https://bit.ly/3wfpWhC
The Terra blockchain, validators appear to have thrown in the towel, deciding for a second — and this time indefinite — halt, late Thursday.
Binance and Coinbase have or will shortly suspend trading on LUNA.
More info: https://bit.ly/3PcLXF4
The United Arab Emirates, intends to use cutting-edge digital technologies such as blockchain, metaverse, and cryptocurrency.
More info: https://bit.ly/3sxdSpD
The spot trading pairs to be removed included LUNA/BTC, LUNA/BIDR, LUNA/AUD, LUNA/BNB, LUNA/ETH, LUNA/USDT, LUNA/GBP, LUNA/BRL, LUNA/TRY, and LUNA/EUR.
It was also ceasing trading activity for the UST stablecoin, removing the following pairs: BTC/UST, LUNA/UST, ETH/UST, BNB/UST, and UST/USDT. The company also axed the BUSD-margined perpetual contract LUNA/BUSD.
More info: https://bit.ly/3Mbfugp
The Shanghai High People’s Court ruled that Bitcoin has a ‘certain economic value’ and is a virtual asset protected by the country’s laws.
“In actual trial practice, the People’s Court has formed a unified opinion on the legal position of bitcoin, and identified it as virtual property <…> Bitcoin has a certain economic value and according to the attributes of property, the rule of law of property rights is applied for protection,” the ruling reads.
More info: https://bit.ly/3NfcEr7
Binance’s derivatives arm Binance Futures has delisted coin-margined LUNA perpetual contracts, the firm officially announced.
More info: https://bit.ly/3sqkxlt
Australia’s first three cryptocurrency exchange-traded funds (ETF) launched on the Cboe exchange on Thursday, bringing Bitcoin and Ethereum products to the stock market.
More info: https://bit.ly/3M7rGid
Do Kwon, the CEO of Terra creator Terraform Labs, was one of the pseudonymous co-founders behind the failed algorithmic stablecoin Basis Cash.
Basis Cash (BAC) never achieved its target of dollar parity, sank below $1 in early 2021 and was trading well below 1 cent.
More info: https://bit.ly/3yuFmjj