Grey Cardinals

2022-05-13 15:23:51 Elon Musk suspended the deal to buy Twitter

Elon Musk said that he suspended the process of buying Twitter until the social network gives more information about the number of fake accounts.

"The deal with Twitter has been temporarily suspended pending details confirming calculations that spam/fake accounts really represent less than 5% of users," Musk wrote.

He referred to a Reuters report, which states that, according to Twitter estimates, fake or spam accounts account for less than 5% of the monetized daily active users of the social network. Open / Comment

2022-05-13 15:23:14 Binance exchange has delisted LUNA and UST

Binance exchange has delisted LUNA and UST.

The company said that they expect to solve problems with the Terra network.

In turn, the OKX exchange delisted the perpetual contracts Luna (LUNA), Anchor (ANC) and Mirror (MIR).

OKX also announced that they would later suspend spot trading of UST stablecoin. Open / Comment

2022-05-13 11:16:38 Asset manager GAM Holding is ready to invest $3 billion in Terra to buy out UST's oversupply

Asset manager GAM Holding AG said it has started negotiations with Terraform Labs to help the company support UST and Luna.

GAM reported that they are ready to invest from $ 2 to $3 billion to buy out the excess supply of UST, which will contribute to the binding of UST to the US dollar.

"Our interest in supporting UST reflects our interest in supporting a dynamic, innovative and sustainable crypto market. We firmly believe in the Terra ecosystem. Equally important is that we believe in an algorithmic approach to UST. When investors have the right incentives, they naturally trade in such a way as to maintain price stability," said GAM CEO Peter Sanderson. Open / Comment

2022-05-13 11:00:06 FTX acquired 7.8% of Robinhood shares

FTX CEO Sam Bankman-Fried has acquired a 7.6% stake in Robinhood Markets. On the background of this news, Robinhood shares rose by 28%.

The transaction took place through a company associated with Freedom, Emergent Fidelity Technologies.

The company acquired 56.28 million shares of Robinhood for $648.29 million. Open / Comment

2022-05-13 09:45:56 The Terra blockchain was disabled and later restarted

Terra validators have disabled the network. This is stated in the official Terra Twitter account.

Now the developers are looking for a reason why the prices for UST and LUNA.

"The Terra blockchain has officially stopped at block 76.07789. Terra validators stopped the network to develop a plan to restore it," the tweet says.

Binance exchange delisted LUNA/USDT futures and launched LUNA/BUSD contracts with a maximum leverage size of 8x.

Later, the network restored its work with the introduction of a new code. Open / Comment

2022-05-12 20:27:21 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, just click on the "Read in full" button on the title you are interested in
All profit

The EU wants to ban large stablecoins — Read in full

BlackRock, Citadel and Gemini declared non—involvement in the collapse of UST and Luna - Read in full

Tether temporarily lost its peg to the US dollar — Read in full

Terraform Labs has published a number of proposals to stabilize the situation with UST and Luna — Read in full

Binance has banned Russians from making transfers and withdrawals to foreign banks — Read in full

Supported by Warren Buffett, Nubank will launch cryptocurrency trading in its application — Read in full

The Shanghai Supreme People's Court ruled that bitcoin has economic value and must be protected by law — Read in full

Aurora launched a $90 million fund for DeFi developers on NEAR Protocol - Read in full

Regulators plan to create a global supervisory authority for cryptocurrencies next year — Read in full Open / Comment

2022-05-12 19:09:25 Regulators plan to create a global supervisory authority for cryptocurrencies next year

According to the chairman of the International Organization of Securities Commissions (IOSCO), Ashley Alder, the association of market regulators, it is imperative to create a global regulatory body that will be tasked with coordinating cryptocurrencies.

The organization said that such a body may appear within the next year.

According to Alder, digital currencies have become one of the three areas where authorities are focused, along with COVID-19 and climate change.

"Cryptocurrency has clearly raised the agenda. If you look at the risks that we need to eliminate, you will see that there are many of them. There is serious concern about cryptocurrencies at the institutional level," Alder said.

In his opinion, regulators are significantly lagging behind in the coordination of cryptocurrencies. Open / Comment

2022-05-12 18:31:54 Aurora launched a $90 million fund for DeFi developers on NEAR Protocol

The Aurora blockchain layer based on NEAR has launched a $90 million fund to accelerate the development of decentralized finance (DeFi) applications.

The Foundation was created in collaboration with the Proximity Labs DeFi protocol.

Aurora Labs has allocated Proximity Labs 25 million Aurora tokens (about $90 million).

Proximity will manage tokens and provide grants to developers interested in creating DeFi applications on Aurora. Open / Comment

2022-05-12 18:28:53 The Shanghai Supreme People's Court ruled that bitcoin has economic value and must be protected by law

The Shanghai Supreme People's Court ruled that bitcoin has "a certain economic value" and is a virtual asset protected by the laws of the country.

"In real judicial practice, the People's Court formed a unified opinion on the legal status of bitcoin, identified it as virtual property ... Bitcoin has a certain economic value on the grounds of ownership and the rule of law of ownership, and also has the right to legal protection," the ruling says.

The court's decision is the first decision of the country's judicial system on cryptocurrencies. It is noteworthy that the Supreme People's Court of China is considered the highest court in the provinces.

Earlier, China banned any activity with cryptocurrencies. Open / Comment

2022-05-12 17:28:19 Supported by Warren Buffett, Nubank will launch cryptocurrency trading in its application

Brazilian neobank Nubank has started cooperation with the Paxos crypto company to introduce cryptocurrency trading.

The company said that trading digital assets will appear in the application in May.

To begin with, users will be able to trade bitcoin and Ethereum, but later the bank plans to expand the offer.

In addition, Nubank Holdings acquired bitcoins for 1% of its free assets.

Now the bank's users can trade cryptocurrencies through ETFs.

Previously, Warren Buffett's company Berkshire Hathaway invested in Nubank. The amount of investments amounted to $1 billion. Open / Comment