Luna: Terraform Labs guilty of tax evasion in South Korea
Terraform Labs and Do kwon could be fined over US$78.5 million for tax evasion.
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Crypto News
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The world of Web3 (crypto currencies, NFT, DeFi…) is constantly changing. Every day, news comes out from the four corners of the globe. So it can be difficult to keep track of all of them. Nevertheless, thanks to Coin Academy’s articles, you can stay informed on the latest news continuously. This way, all the crypto news will no longer have any secrets for you.
Luna: Binance pushes to recruit Terra developers
Binance has offered Terra's developers the opportunity to join the Binance Smart Chain developer team
Crypto: Robinhood unveils the imminent release of its crypto wallet
Financial services company Robinhood has announced the development of a crypto wallet to compete with Metamask.
DeFi: “Ledger Connect” mobile browser extension coming soon
Ledger launches an extension for Safari "Ledger Connect", allowing to connect its hardware wallet to Web3 applications.
NFT: Spotify tests the launch of NFT galleries
The popular music streaming application Spotify is currently testing the launch of NFT galleries on artists' profiles.
Luna: Justin Sun commits to compensate victims harmed by UST
Justin Sun, founder of TRON, pledges to compensate small investors impacted by the UST depeg with $10 million.
Bitcoin: El Salvador hosts international pro-Bitcoin event
From 16 to 19 May, El Salvador is hosting an international event to discuss the social and economic utility of bitcoin.
Luna: South Korea holds hearing on Terra and UST
The Korean authorities ask Terra's founder to participate in a parliamentary hearing on the collapse of LUNA and the UST.
Coinbase: Direct access to DeFi on ETH with the app!
Coinbase unveils its new Web3 application that allows certain users to access dapps on the Ethereum network (ETH).
Crypto: Brazil’s B3 exchange considers Bitcoin and Ethereum ETFs
In Brazil, the company responsible for the country's exchange activities announces the development of several Bitcoin and Ethereum ETFs.
Luna: Do Kwon returns with a new plan for Terra and the UST
Terra (Luna) founder takes to Twitter again to propose a rescue plan for Terra to save Luna and UST holders.
Luna: Elliptic tracks bitcoins held by the LFG
Blockchain data analysis company Elliptic unveils its investigation into bitcoins held by the LFG.
DeFi: Emergency vote on Osmosis to save UST holders
Following the recent UST depeg, an emergency proposal has been accepted by the Osmosis community regarding unbounding.
Regulation: UK reaffirms desire to regulate stablecoins
The recent collapse of TERRA reinforces the UK authorities' desire to regulate stablecoins.
Regulation: Portugal unveils future taxation of crypto currencies
Portugal, considered a European tax haven for crypto-currencies, unveils the contours of its future taxation.
Crypto: KuCoin, $10 billion valuation after its fundraising
Following its latest fundraising, the KuCoin exchange obtains the status of "decacorn" by reaching a valuation of $10 billion.
Crypto: Juno, the $36 million mistake!
A programming error led to the transfer of more than 3 million JUNO chips, or about $36 million, to the wrong wallet.
Crypto: Binance suspends withdrawals on the Terra network (LUNA)
Binance announced last night that it is suspending withdrawals of LUNA and UST tokens due to slow and congested network conditions.
Crypto: A 28% tax on crypto products and services in India?
The Indian Goods and Services Tax (GST) is considering adding a 28% tax on crypto products and services.
Crypto: Mining Capital Coin CEO accused of $62 million fraud
Suspected of fraud, the co-founder and CEO of Mining Capital Coin is facing legal action in the US.
Crypto: YouTube bans Web 3.0 channels without warning
YouTube has banned several channels offering crypto and Web 3.0 content such as Bankless, Optimism and Gabriel Haines.
Bitcoin.com: $33.6 million private sale of its VERSE token
Bitcoin.com announced on Thursday, May 5, 2022 that it sold $33.6 million of its new VERSE token during a private sale.
NFT: Instagram supports NFT from Ethereum, Solana, Polygon…
Following the announcement of non-fungible token (NFT) on Instagram, Meta will support NFTs from Ethereum, Solana, Polygon and Flow.
DeFI: UST, Luna’s stable corner deindexes from the dollar
The UST, the stable corner of the Luna ecosystem has temporarily de-indexed from the dollar, plunging the community into uncertainty. Explanation.
Bitcoin: In Portugal, a property sale paid for entirely in Bitcoin
In Portugal, a real estate transaction paid for entirely in Bitcoin reflects the country's desire to create an attractive framework for cryptos.
Crypto: Argentina bans its banks from providing crypto offerings
Argentina's central bank has announced a ban on the country's financial institutions offering crypto deals to their customers.
Crypto: Gucci accepts payments in crypto currencies
Luxury company Gucci unveils its strategy to accept cryptocurrency payments at its locations.
Crypto: BitMEX co-founders fined $30M
A US court in the Southern District of New York has ordered the three co-founders of the BitMEX platform to pay a fine totalling 30 million dollars. They had been prosecuted by the US justice system since 2020.
DeFi: Luna Foundation acquires $1.5 billion in Bitcoin to support UST
The Luna Foundation Guard announces the acquisition of an additional $1.5 billion of Bitcoin through an OTC (Over The Counter) sale.
Defi: The Opera browser allows direct access to the NBB Chain
The Opera browser has integrated the BNB Chain, the decentralized blockchain ecosystem formerly known as the Binance Smart Chain.
DeFi : Jump gets the domain name Wormhole.com after a trial
Jump Crypto, one of the companies behind the Wormhole bridge, has acquired the Wormhole.com domain name for $50,000 after a legal case was launched against a 79-year-old man from Nevada.
Crypto: Crypto.com reduces its payment card rewards
Crypto.com has announced that it is reducing the rewards offered by its credit card launched in 2018.
NFT: Elon Musk replaces his Twitter profile picture with Bored Ape
Elon Musk is promoting Bored Ape? Known in the crypto ecosystem for his extravagances and ambiguous tweets leading…
Crypto: Epic Games’ CEO prepares a Metaverse project
Tim Sweeney, the CEO of Epic game, shares his incredible metaverse project and his company's vision in it.
Crypto: Dubai to establish HQ in The Sandbox metaverse
Dubai's Virtual Assets Regulatory Authority (VARA) is taking a step forward by establishing a HQ in The Sandbox.
Crypto: Former Google CEO invests in cryptos
Former Google CEO Eric Schmidt is interested in the development of web3 and cryptos. Very confident about the future, he says it's only a "matter of time".
Crypto: Saudi Arabia plans to equip its administration with blockchain technologies
Saudi prince reveals that Saudi Arabia is exploring the possibility of using blockchain technologies. Talent could be recruited, and cryptos legalized.
Crypto: Binance denies transferring Russian user data to authorities
Yesterday, Binance denied accusations that a deal had been struck with Russian authorities to track donations that Alexei Navalny had received to help the opposition in the country.
Regulation: Binance limits its services to users residing in Russia
Russian nationals or natural and legal persons residing in Russia with a balance of at least 10,000 euros will be subject to a "withdrawal only mode" on spot, futures, staking and earning wallets.
DeFI: Justin Sun announces Tron’s algorithmic stablecoin, USDD
Justin Sun, founder of TRON, announced today on his Twitter account the launch of a new algorithmic stablecoin on the TRON blockchain: USDD.
Crypto: Coinbase to buy BtcTurk for $3.2 billion
Coinbase, set to sign a deal with Turkey's largest crypto exchange. BtcTurk buyout could reach $3.2 billion
Crypto: Binance destroys $741 million in NBB for its 19th burn
Binance performs its 19th BNB burn and burns 1,839,786 BNB or $741,840,738 million at the price of the trade.
NFT : Coinbase finally launches the beta of its Coinbase NFT marketplace
More than 6 months after the first announcements of a whitelist for its NFT marketplace, Coinbase finally launches its beta version.
DeFi: Terra’s UST (Luna) overtakes BUSD to become the 3rd largest stablecoin
While the crypto currency market remains feverish, the Terra (Luna) ecosystem is reviving and its UST stablecoin becomes the 3rd most capitalized stablecoin on the market.
DeFi : After abandoning the ecosystem, Cronje asks for its regulation
Just over a month after suddenly abandoning the crypto ecosystem, Andre Cronje, the Godfather of DeFi is speaking out and calling for regulation.
Ethereum: $182 million lost in Beanstalk protocol hack
New hack in the crypto sphere: the decentralized finance (DeFi) protocol Beanstalk, victim of a hack, accuses losses of more than 182 million dollars.
Bitcoin: ATM operator charged with illegal activity and tax fraud in NYC
The U.S. justice reveals that an operator of 46 bitcoin ATMs is accused of defrauding millions of dollars, in addition to engaging in illegal activity.
NFT: Air Europa launches airline tickets in the form of NFT
Spanish airline Air Europa, founded in 1986, is launching the first-ever airline tickets in the form of non-fungible…
Crypto: Brazil prepares to adopt a central bank digital currency
The Central Bank of Brazil announces that it will carry out a pilot project for its future digital currency (CBDC), the digital real, during the year 2022.
Dogecoin: its co-founder criticizes Elon Musk’s entry into the capital of Twitter
Dogecoin co-founder Jackson Palmer criticizes Elon Musk's 43 billion buyout offer as "hostile."
Crypto: Vanguard Group becomes Twitter’s largest shareholder
The American fund Vanguard has become the main shareholder of the company Twitter by holding more than 10.3% of its capital.
Crypto: Elon Musk wants to buy Twitter, the Web 3 universe reacts
A few days after announcing his purchase of more than 9% of the capital of Twitter, Elon Musk the richest man on the planet wants to acquire the entire company.
DeFi : Terra (Luna) adds SOL, OSMO, AVAX, FTM and DOT to its Bridge
Terra Bridge, the cross-chain bridge protocol, now supports Solana, Fantom, Osmosis, Polkadot, Avalanche and Moonbeam.
Ethereum: The transition to Proof of Stake delayed
According to Tim Beiko, the long-awaited Ethereum update will not arrive in June after all, but a few months later.
Ethereum: Still so much mystery around #ETHGate2022
The ETHGate comes from the social network Twitter. According to this theory, the regulators would have been favorable to the development of Ethereum, in contrast to the sanctions against its competitors.
Crypto: Ubisoft invests in White Star’s second crypto fund
French giant Ubisoft has announced it has become involved in White Star Capital's second crypto-oriented investment fund as a lead investor.
NFT : AC Milan, BitMex and FanSea launch a first NFT
AC Milan soccer club has partnered with BitMex and FanSea to launch their first ever NFT.
Bitcoin: Tesla, Block and Blockstream announce solar-powered BTC mining farm
Elon Musk, Jack Dorsey and cypherpunk Adam Back have decided to collaborate to create an eco-friendly bitcoin mining farm in Texas.
DeFi: USN algorithmic stablecoin could see the light of day on the NEAR blockchain
There are many rumors of a new algorithmic stablecoin called USN on the NEAR blockchain, whose native token price has seen a 10% increase this week.
DeFi : The Terra x Avalanche alliance and $100 million AVAX in reserve
LFG, the Luna Foundation Guard, has just announced the purchase of $100 million AVAX to supplement the UST stablecoin supply after several billion dollar purchases of Bitcoin.
Bitcoin: Strike announces Lightning payments integration on Shopify
Jack Mallers, CEO of Strike, is integrating global e-commerce giant Shopify so that merchants can accept bitcoin payments via the Lightning Network.
Crypto: NEAR raises $350 million
The new funding will help NEAR accelerate its global mission to help "billions of people" use decentralized technologies, according to a company statement. Additional venture capital (VC) investments based on this protocol are expected to be announced in the coming weeks.
Bitcoin: Lightning unveils its new Taro protocol
Lightning Labs has announced its new Taro protocol. At the same time, the company unveils the value of its latest fundraising ($70.000).
NFT: Logan Paul announces Liquid Marketplace
Influencer and youtuber Logan Paul has just announced the launch of his fractionalization platform NFT Liquid Marketplace. Pokémon cards, collectible avatars or very rare art pieces, how to own a portion of them?
Crypto: Lugh company launches stablecoin EURL on the Ethereum network
In partnership with Coinhouse and with the help of major groups, Lugh announces the successful launch of its euro stablecoin called EURL on the Ethereum network.
Crypto: The UK, the next European Eldorado for cryptos?
While MEPs seem to be opting for restrictive regulation, the UK government is unveiling a series of innovative proposals for the sector.
Crypto: Intel unveils its new Blockscale mining chip
The Intel company announces the commercialization of its new mining chip called Blockscale ASIC.
DeFi: WAVES accused of being a ponzi, its stablecoin USDN stalls
The $USDN algorithmic stablecoin has fallen sharply against the dollar, reaching $0.83 as the WAVES project and its founders are accused of running a massive ponzi scheme.
Dogecoin: Elon Musk owns 9.2% of Twitter
Elon Musk, the famous billionaire of South African origin is once again in the news. This time, he acquires nearly 10% of the capital of the company Twitter Inc. An acquisition valued at several billion dollars.
NFT: ApeCoin the Bored Ape token listed on Binance, Coinbase and FTX
The long awaited token of the Bored Ape Yacht Club ecosystem, ApeCoin has just been announced by Yuga Labs. An airdrop is planned for holders and the token will be listed on all major exchanges (Binance, Coinbase, FTX, Kraken, Gemini...).
Crypto: Coinbase close to acquiring the 1st crypto exchange in Brazil
Exchange platform Coinbase is reportedly finalizing the acquisition of 2TM, the parent company behind Mercado Bitcoin, for $2.2 billion. Mercado Bitcoin is currently Brazil's leading crypto exchange owned by 2TM, an industry giant. Coinbase would then see itself gain a prominent position in Latin America.
DeFi: Anchor should decrease its APY until the reserve is stabilized
Anchor, the famous 19.5% APY protocol on the UST stablecoin, could quickly lower its interest rate to stabilize its reserve. The promised annual percentage rate would never be reached until it was reduced in the first year.
Crypto: Lionel Messi signs a $20 million contract with Socios.com
Lionel Messi has signed a deal worth nearly $20 million to promote the fan token company Socios.com.
Crypto: a massive exodus of crypto companies in the UK?
The UK regulator had ordered crypto companies that are not in compliance with anti-money laundering standards to obtain a registration to operate legally in the territory.
Crypto: Over $600 million stolen from the Ronin network (Axie Infinity)
More than $600 million was stolen as a result of a breach in the Ronin (Axie Infinity) network in what could be the most expensive hack in DeFi history.
Crypto: Amendment to crack down on unhosted crypto wallets passed
Proposals D and E, as well as the entire amendment to crack down on unhosted wallets, were adopted by the committee in the European Parliament.
NFT : OpenSea adds credit card payments with MoonPay
You don't need to own an ETH or SOL to buy an NFT on OpenSea! The number 1 exchange platform in the NFT domain will now accept card payments thanks to its new partner MoonPay.
FATF: the governments plan to control your crypto currencies!
FATF: The Financial Action Task Force is an intergovernmental body for the fight against money laundering and terrorist financing (AML/CFT).
DeFi: 4pool and the death of DAI in the Curve war against Terra?
With the creation of the 4pool, the Terra ecosystem seems to be taking a considerable lead in the stablecoin war. Do Kwon announces the death of $DAI by starving the 3pool.
Bitmex trading exchange launches its utility token
The BitMEX platform finally decided to launch its crypto currency, BMEX. For the occasion, multiple millions of BMEX…
Coinbase: a class action lawsuit filed against the platform
A class action lawsuit has been filed against the Coinbase platform. This one accuses the platform of having sold certain cryptos without authorization. Dogecoin, Solana and Cardano are for example concerned.
NFT: Airdrop $APE, launch of the Bored Ape YC token on the exchanges
The central token of the Bored Ape Yacht Club ecosystem, $APE (ApeCoin) is available on the vast majority of crypto exchanges as well as in airdrop form for Yacht Club NFT holders.
Crypto: US politicians criticize SEC’s action
The American regulatory authority (SEC) is subject to multiple criticisms in the United States on its action against crypto companies. Members of the US Congress are taking up the issue.
Crypto: MetaMask close to offering a DAO and a token
Metamask, the most popular Web 3.0 wallet is finally hinting at the arrival of its own token as well as a DAO. Joseph Lubin, co-founder of Ethereum and founder of Consensys confirmed the rumors about the token.
NFT: HSBC enters the Sandboxs
The Sandbox keeps attracting professional players. Today, it is HSBC's turn to enter the world of NFT and the metaverse.
NFT: Pixar launches its NFT collection, PALS, on VeVe
Disney Pixar's NFT collection, Pals, has just been launched on the VeVe market, the collection is sold out, barely 24 hours after its launch.
NFT: NFTs are coming to Instagram, says Mark Zuckerberg
Mark Zuckerberg confirmed the rumors that Instagram would integrate the NFT and starts the conquest of the New Virtual World, the Metaverse.
Crypto: Kazakhstan sanctions illegal mining
Kazakhstan shuts down illegal crypto mining operations and confiscates over $194 million worth of equipment needed for mining.
NFT: $360 million of virtual land for the Metaverse Bored Ape
Yuga Labs, the company behind the successful Bored Ape Yacht Club ecosystem, is planning two virtual land sales to raise $356 million for the launch of its gaming Metaverse: MetaRPG
Crypto: Japanese regulator asks crypto companies to comply with Russia sanctions
The FSA and the Japanese Ministry of Finance have asked crypto companies to comply with international sanctions against Russia and Belarus, or face jail time and a fine.
Bitcoin: Banks could soon propel mass adoption of Bitcoin and crypto-currencies, according to Cornerstone Advisors
Consulting firm Cornerstone Advisors recently released its banking industry study, "What's Going On In Banking 2022." Ron Shevlin, head of research at Cornerstone, describes how the White House's executive order wants to encourage banks to engage in crypto innovations. We would be on the cusp of a Bitcoin banking boom.
Bitcoin: Coinjoin mixer blacklists bitcoins linked to illegal activities
Bitcoin shuffling service Coinjoin has announced the creation of a blacklist for bitcoins obtained from illegal activity. As a result, the zkSNACKs coordinator will have the ability to deny certain UTXOs from using or registering with the service.
Crypto: MEPs say no to Proof-of-Work ban
The draft European regulation on the cryptoasset market (MiCA) is voted on today! MEPs finally voted against the PoW ban. Good news for the entire crypto community.
Bitcoin: Darknet dealer behind EastSideHigh Market loses $2.3 million in BTC, gets 8 years
A Massachusetts man was sentenced to eight years in prison after selling drugs in exchange for crypto on the dark web. This campaign seems to be a good point for the credibility and mass adoption of crypto technologies.
NFT: Yuga Labs, the founders of Bored Ape Yacht Club, boosted CryptoPunk sales by 1200% after acquiring the licensing rights
Yuga Labs bought the rights from CryptoPunks and grants Punk owners a full commercial license, sales of this NFT collection on Ethereum immediately exploded by 1200%. Yuga Labs had differentiated itself from its counterpart by including the licensing and commercial use rights to the NFT and returning them to the owner.
Ukraine: How the $100 million crypto donation was spent by Ukraine
Alex Bornyakov, from the Ministry of Digital Transformation in Ukraine, revealed on Twitter the country's spending thanks to the $100 million received in crypto donations.
Crypto: Bank of Israel issues draft guidelines on cryptos
While Israeli banks were the main obstacle to accepting cryptos, the Central Bank of Israel is issuing new draft guidelines, a draft that is largely more favorable to cryptos.
Crypto: UK regulator shuts down crypto ATMs
The FCA, the UK regulator, has ordered the shutdown of bitcoin and crypto ATMs in the UK.
NFT: Singapore plans to tax NFT revenues
After declaring in February 2022 that NFTs would not be directly regulated, the island state of Singapore plans to tax certain revenues from NFTs.
