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2022-05-14 22:05:02 A short summary of today's news for those who missed it, but want to keep up to date with all the events
In order to read the news in full, it is enough to click on the "Read in full" button on the title you are interested in
All profit

GAM Holdings denied information about the company's participation in the rescue of UST — Read in full

Do Kwon proposed a plan to restore the Terra ecosystem — Read in full

Emirates Airline will start accepting Bitcoin as a means of payment — Read in full

Popular cryptanalytic sites have been subjected to a phishing attack — Read in full

Developers of Rainbow Six, Warframer, S.T.A.L.K.E.R. and Asphalt video games together with the Ministry of Finance have created a charity NFT collection - Read in full Open / Comment

2022-05-14 17:45:13 Developers of Rainbow Six, Warframer, S.T.A.L.K.E.R. and Asphalt video games together with the Ministry of Finance have created a charity NFT collection

Developers of video games Rainbow Six, Warframe, S.T.A.L.K.E.R., Asphalt together with digital artists with the support of the Ministry of Transformation of Ukraine have created a charity NFT collection Avatars for Ukraine to help Ukraine.

70 digital works of art that show the true courage and invincibility of Ukrainians will be presented on the official page of the project at the NFT auction.

The auction itself will begin on May 19 on the platform of the MetaHistory NFT museum, which has already collected 260 ETH ($720000) for the Aid For Ukraine crypto fund.

The funds raised from the sale of the new collection will be used for humanitarian aid to defenders of Ukraine. Open / Comment

2022-05-14 16:08:49 Popular cryptanalytic sites have been subjected to a phishing attack

Cryptocurrency websites Etherscan, CoinGecko, DeFi Pulse and others have reported cases of malicious pop-ups offering users to connect their MetaMask wallets.

The phishing attack comes from a domain displaying the logo of the NFT collection Bored Ape Yacht Club.

At the time of publication, the site linked to the domain has already been disabled.

"The situation is most likely caused by a malicious Coinzilla advertising script. We turned it off," said CoinGecko founder Bobby Ong.

In a tweet, Etherscan urged users not to confirm any transactions that appear on the website. Open / Comment

2022-05-14 12:48:57 Emirates Airline will start accepting Bitcoin as a means of payment

According to Arab News, Dubai-based airline Emirates will use bitcoin as a means of payment to promote the metaverse and blockchain-based projects.

Also speaking at the Arabian Travel Market exhibition in Dubai, Emirates Chief Operating Officer Adel Ahmed Al-Reda said that for these purposes, the airline will start hiring specialized employees.

On April 14, the company issued a press release announcing that it would turn the pavilion, which was built for Expo 2020, into an innovation center with an emphasis on creating new projects focused on metaverses, Web3 and NFT. Open / Comment

2022-05-14 11:23:44 Do Kwon proposed a plan to restore the Terra ecosystem

Terraform Labs founder Do Kwon has published a plan to save the Terra ecosystem.

The Kwon plan states that it is now extremely necessary to completely restart the Terra blockchain, while the ownership of the network is fully distributed between UST and LUNA holders through the issuance of 1 billion new tokens.

It is proposed to distribute tokens as follows: 40% — to coin holders at the time of untying UST from the dollar; 40% — to UST holders at the time of network renewal; 10% — to LUNA holders at the time of network shutdown; 10% — to the project development fund.

Kwon himself stated that he did not sell Luna and UST against the background of the crisis.

At the time of writing, UST is trading at $0.15, and Luna is trading at 0.0002. Open / Comment

2022-05-14 08:32:45 ​​GAM Holdings denied information about the company's participation in the rescue of UST

Asset manager GAM Holdings has denied information that he is negotiating with Terraform Labs to allocate funds to support the algorithmic UST stablecoin.

"This story is not true, and GAM did not issue a press release. GAM strictly controls the distribution of press releases. We are investigating who issued the statement and how it was published," the company said on its official website.

Earlier it was reported that the company is ready to allocate $ 2-$3 billion to absorb the excess supply of UST to restore its peg to the US dollar. Open / Comment

2022-05-13 20:06:46 A short summary of today's news for those who missed it, but want to keep up to date with all the events
In order to read the news in full, it is enough to click on the "Read in full" button on the title you are interested in
All profit

Terra blockchain was disabled and later restarted — Read in full

FTX acquired 7.8% of Robinhood shares — Read in full

Asset manager GAM Holding is ready to invest $3 billion in Terra to buy out excess UST supply — Read in full

Binance exchange has delisted LUNA and UST — Read in full

Elon Musk suspended the deal to buy Twitter — Read in full

Nomura, the largest brokerage company in Japan, has launched Bitcoin derivatives trading - Read in full

Celsius crypto Lending Service withdrew $500 million from Anchor Protocol — Read in full

The USDX stablecoin based on the Kava Network has lost its binding to the US dollar — Read in full Open / Comment

2022-05-13 18:30:25 The USDX stablecoin based on the Kava Network has lost its binding to the US dollar

The decentralized USDX stablecoin based on the Kava Network has lost its binding to the US dollar.

According to CoinGecko, the capitalization of the stablecoin is $115 million.

The USDX fell to almost $0.55, but later rose to $0.65.

The reasons why the asset has lost its peg to the dollar are unknown.

Unlike algorithmic stablecoins like UST, USDX can be minted in the form of a loan secured by collateral reserves.

The developers reported that USDX lost its binding due to UST, since UST accounted for part of the USDX backup.

According to Scott Stewart, co-founder and CEO of Kava Labs, USDX will return to binding because it is not an algorithmic token like UST.

"USDX is not UST. As soon as UST exits the system, it is expected that USDX will return to its binding," Stewart added. Open / Comment

2022-05-13 16:17:03 ​​Celsius crypto Lending Service withdrew $500 million from Anchor Protocol

The Celsius crypto lending service withdrew $500 million from Anchor Protocol due to UST instability.

At least 261,000 ETH ($535 million) was sent to Anchor Protocol from Celsius wallets within five months.

Celsius allows retail investors to earn up to 17% per annum on cryptocurrency deposits.

In turn, Anchor offers a yield of up to 20% on deposits in UST.

According to The Block, on May 11, Celsius withdrew about 225,000 ETH, and later managed to take the remaining 36,000 ETH.

"Everything was relatively normal for Celsius, because they used Bonded ETH (bETH) as collateral to borrow UST, which they then transferred to Anchor to generate income. In the current situation, it turned out to be safer than buying UST from the market," said Igor Igamberdiev, an analyst at The Block.

The analyst also reported that the withdrawn ETH was subsequently sent to the Aave v2 lending protocol. Open / Comment

2022-05-13 15:24:53 Nomura, the largest brokerage company in Japan, has launched Bitcoin derivatives trading

Japanese investment bank Nomura has started trading contracts for cryptocurrency derivatives.

According to the bank's statement, Nomura has launched over-the-counter cryptocurrency derivatives with non-deliverable forwards and non-deliverable bitcoin options for customers from Singapore.

"We also have the opportunity to offer bitcoin futures and options trading, and such transactions were conducted this week at CME with Cumberland DRW, which became the first digital asset transactions for Nomura," said Rig Karkhanis, the bank's head of global markets in Asia.

Previously, Nomura, together with CoinShares and Ledger, launched a custodial service for institutional investors. Open / Comment