Turkey witnessed a strange coin toss during the recent Istanbul derby between Besiktas and Fenerbahce. To decide which team to throw the ball, referee Arda Kardesler apparently tossed a coin with the symbol of the Bitcoin cryptocurrency to the surprise of millions of followers. The Turkish Football Federation (TFF) has opened an investigation.This incident is just one example … [Read more...] about Bitcoin flooded Turkey as the people lost faith in the local currency
Blockchain
Due to “difficult situation”, the founding team of a crypto project on Solana sold 10% of the total token volume, causing the price to drop by 77%.
The cryptocurrency market is going through a difficult period, as the price of BTC dropped from an all-time high of $67,000 to $30,000. The cryptocurrency market continues to be volatile, when the price of a top cryptocurrency, Luna, has been divided up to a million times, while stable coin UST has lost the $ 1 mark, causing many investors to struggle. , while the future of … [Read more...] about Due to “difficult situation”, the founding team of a crypto project on Solana sold 10% of the total token volume, causing the price to drop by 77%.
Once praised for promising to pay 20% interest, founder Luna is becoming “the most hated man in Korea”
After Do Kwon said he would spend more than $300 million on reserves to help pay 20% of the profits on the Luna coin, one Twitter user asked him where that money would come from. Kwon answered very succinctly: "Obviously your mother."Now, the 30-year-old South Korean man, with a rather rude way of talking, often criticizing those who call himself "poor", is having to explain … [Read more...] about Once praised for promising to pay 20% interest, founder Luna is becoming “the most hated man in Korea”
‘Everyone should diversify their portfolio, don’t go all in with cryptocurrencies like me’
On May 21, Changpeng Zhao - co-founder and CEO of the world's largest cryptocurrency exchange Binance, had an "Ask Me Anything" (AMA) session on Reddit. Here, he answers questions from Reddit users on a variety of issues.Here are some shares of this cryptocurrency billionaire: LUNA and UST Photo: Internet.Zhao said that Binance always warns investors about risks in all … [Read more...] about ‘Everyone should diversify their portfolio, don’t go all in with cryptocurrencies like me’
Cryptocurrencies are ‘worthless’ and should be regulated
According to Lagarde, cryptocurrencies are “based on nothing” and should be regulated to avoid the risk of people pouring all their savings into them. Speaking on a Dutch TV channel, the President of the European Central Bank (ECB) expressed concern for "those who do not understand risk, who will lose everything and who will despair". , which is why she believes … [Read more...] about Cryptocurrencies are ‘worthless’ and should be regulated
People fled from Luna, TerraUSD blew 60 billion USD, regretting ‘hasty decisions’
Bloomberg has just published an article analyzing the recent crisis of Luna and TerraUSD. The crash wiped out $60 billion in market capitalization. And this is likened by Bloomberg to a "Bank Run" incident of the cryptocurrency sector. Bank Run is a phenomenon that occurs when many people simultaneously withdraw their deposits from banks or other financial institutions due to … [Read more...] about People fled from Luna, TerraUSD blew 60 billion USD, regretting ‘hasty decisions’
What is happening?
On May 17, Binance CEO Trieu Truong Bang (also known by the nickname CZ) shared an article by Mr. Fortune on his personal Twitter page with the comment "Poor again". The article is about Binance losing a large amount of money after the slide of UST and LUNA. Specifically, CZ said that Binance received about 15 million LUNA as part of its $3 million investment in Terra. At its … [Read more...] about What is happening?
Bill Gates Explains Why He Doesn’t ‘Play Cryptocurrency’
According to Frobes, billionaire Bill Gates recently explained why he doesn't like cryptocurrencies on Reddit's "Thursday Ask Me Anything" program.Specifically, the fourth richest billionaire in the world with $125 billion in assets said he doesn't own any digital currency."I like to invest in something that has real value. For example, the value of a company is based on how … [Read more...] about Bill Gates Explains Why He Doesn’t ‘Play Cryptocurrency’
Binance billionaire tweets: ‘Poor again’
On May 17, Mr. Zhao shared a Fortune article on his personal page with the comment: "Poor again". It is known that Binance's investment in cryptocurrency Luna has plummeted from $1.6 billion just a month ago to $2,200 this week.Chengpeng Zhao. (Photo: Reuters)In a tweet posted on May 16, Mr. Zhao said that Binance - the world's largest cryptocurrency exchange - holds 15 … [Read more...] about Binance billionaire tweets: ‘Poor again’
Korea is worried when people rush to catch the bottom of Luna
The value of the Luna coin plummeted along with the stable coin TerraUSD. Both tokens are tied to Terra, the blockchain platform founded by Do Kwon, a Korean developer. According to analytics firm Elliptic, investors have lost about $42 billion because of them.Luna is one of the most popular cryptocurrencies in the world. Its free fall along with TerraUSD caused an … [Read more...] about Korea is worried when people rush to catch the bottom of Luna