Crypto Weekly Roundup: CEO still trusts BTC, Cloudflare launches new challenge, Terra launches revival plan.


The market is still rocking with the dramatic plunge in the UST stablecoin and Terra ecosystem. In the meantime, several industry leaders have commented on the Bitcoin issue after the top cryptocurrencies have been severely damaged in the crash. Learn more.

bitcoin

CEO of FTX Sam Bankman Pride While Bitcoin may not be a payment network, he said, it has the potential to store value.

ECB President, Christine Lagarde, said cryptocurrencies have no value and should be regulated to keep people away from cryptocurrencies. Instead, she touts the digital euro as a safer store of value.

Micro Strategy CEO Michael Sailor We call Bitcoin the future of money and we are confident that it will eventually reach millions of dollars.

Former Fed Chairman Ben Bernanke Bitcoin and other cryptocurrencies are speculative, volatile, and were primarily used for “underground economic activity,” he said.

ethereum

At the end of the initial series of Web3 experiments, cloud flare is seeking ways to solve the environmental and scalability problems that plague modern blockchain technology.

Release Robsten Public Testnet It is now upgraded to a modified proof-of-stake consensus algorithm in anticipation of implementation on the Ethereum mainnet.

DeFi

Legal Cases Related to Crypto Platforms index finance The hack is poised to be the first lawsuit to challenge the defense that “code is law”.

altcoin

Tether announced that it has done a series of actions. step To improve stablecoin (USDT) reserves, such as investing in U.S. Treasury bonds as well as U.S. Treasury bonds.

that much “Updated and Final” Revival Plan The Terra ecosystem was put into action with the majority voted in favor of the community.

Cryptocurrency market is Deus Finance’s DEI stablecoin It became the latest stablecoin to lose 1-1 pegs to the US dollar.

Miami Coin Reportedly, it has lost almost all of its value in the last nine months and could be the SEC’s next target for ‘potential fault’.

technology

SWIFT is partnering with Capgemini to CBDC related tests For cross-border payments related to cryptocurrency.

Partnership with accounting firm EY and Polygon OpsChain Supply Chain Manager In Nightfall, a Layer 2 Ethereum blockchain co-developed by Polygon.

business

With the recent developments surrounding the Terra ecosystem, Avalanche revealed that the Luna Foundation Guard has not disclosed any plans for the Terra ecosystem. AVAX Token It’s kept in a safe.

In the press release, Crypto.com We are waiving a 0.5% settlement fee for one month for all transactions from Shopify merchants who signed up for Crypto.com Pay by June 30th.

regulation

cryptocurrency exchange Wazir X It said it had received more than 1,023 requests from law enforcement agencies during the period October-March 2022.

RBI put it this way: concern Against the SC order to cancel the cryptocurrency ban, however, no action has been taken against the order yet.

that much Russian Trade Minister It has argued that the state will inevitably legalize crypto payments “soon”.

Tax free cryptocurrency paradise Portugal You may be taking a completely different approach, as you are looking at levying capital gains tax on cryptocurrencies.

NFT

Crypto Influencer snoop dog The world of non-fungible tokens is on the verge of fork, and we believe that NFTs will soon emerge as a new kind of digital canvas for true artists.

Disclaimer: This article is provided for informational purposes only. It is not given or used as legal, tax, investment, financial or other advice.

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