Category: Cryptocurrency News

This advice has been given many times in the past, but it seems that few people actually sell. I've been in crypto since two bull runs and can say with 100% that people that don't sell regret it afterwards. Everyone I talked to says they could have sold for profits but didn't, simply because the…
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Terraform Labs has announced the appointment of Chris Amani as the interim Chief Executive Officer (CEO), replacing co-founder Do Kwon.  Terraform Labs Elevates Former COO Chris Amani as Director and Interim CEO Chris Amani, an experienced leader with over two decades of experience in the technology industry, has been selected as the interim CEO for Terraform Labs. Having served as the Chief Operating Officer (COO) and Chief Financial Officer (CFO) since joining the company in 2021, Amani brings valuable insights and expertise to this new role.  Related Reading: Binance Burns $480 Million In BNB, Will Price Recover? Previously, Amani held leadership positions at prominent technology companies such as MongoDB, Electronic Arts, and Zynga. His deep understanding of TFL’s operations and strategy positions him to steer the company through its current challenges and drive its mission forward. This decision comes as Kwon faces potential extradition to South Korea or the United States from Montenegro, where he is currently serving a prison sentence. Navigating Through Troubled Waters: Terra’s Comeback Plan Terra, known for its TerraUSD and Luna cryptocurrencies, faced a significant setback in May 2022 when the collapse of its stablecoin caused a ripple effect across the crypto market.  Co-founder Do Kwon’s legal troubles further exacerbated the situation, with charges of misleading investors and alleged involvement in illicit transactions during the collapse. Amidst these challenges, Chris Amani expressed his commitment to reviving the Terra blockchain and focusing on developing applications that provide real utility.  LUNA price sitting at $0.65 | Source: LUNAUSDT on Tradingview.com TFL’s comeback plan involves executing a clear vision for Terra’s role within the broader Web3 ecosystem, which Amani and the team are dedicated to implementing. The new CEO emphasized the importance of community collaboration and shared goals during this rebuilding phase. With approximately 40 employees, the company will continue to operate without Do Kwon’s leadership, as he focuses on addressing his legal affairs. The team is optimistic about its ability to salvage the situation and is actively working on plans to propel the company forward. Nevertheless, the legal issues surrounding Do Kwon’s involvement in the collapse have been a significant point of concern.  Related Reading: Ethereum Monthly Burn Surpasses 146,000 ETH As Total Clears $6.5 Billion Terra’s recovery plan is not without its complexities, but the team is determined to restore value to the Terra Classic ecosystem. Amain, in his statement, said,  “The process won’t be easy, but we have a clear vision of where Terra fits within the broader Web3 ecosystem and are hyper-focused on executing against that vision. We look forward to sharing more on this soon”  The plan involves reducing node syncing times, creating a TerraUSD testnet, developing yield-generating applications, and implementing a reward system for developers. Featured image from Binance Academy, chart from Tradingview.com

Blockchain companies aren’t just selling themselves; they’re also selling the industry’s technology and principles as a whole.

Sorry but this needs to be done. Whale check time! I hid your names, but these are all public info anyway. BlockChain baby 🙂 So yeah MOONs are kinda going lower and slightly losing hype, so I checked how many people sold their moons, I looked at the top holders' current moon count and multipliers…
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New York Representative Ritchie Torres had an exclusive interview with Cointelegraph to discuss why retail investors are still at risk following the XRP court ruling.

In April 2023, Arkansas made history by becoming the first state to pass the ‘Right to Mine’ Bitcoin bill in both the House and Senate. However, the “Right to Mine” law in Arkansas is encountering increasing opposition as it relaxes regulations on commercial crypto mining. Reports have suggested that loosening restrictions on commercial cryptocurrency mining has raised concerns. This is because after enacting the new law, large electricity-intensive crypto mines entered Arkansas. The legislation has sparked controversy by limiting the authority of city governments to regulate crypto mines. This has effectively stripped them of their ability to enforce local ordinances concerning such operations. During the 2023 legislative session, Arkansas Senator Bryan King (R) from District 28 expressed criticism of the bill’s introduction. And Senator King is reportedly planning to introduce another bill aimed at repealing the controversial “Right to Mine” law. Related Reading: Solana (SOL) Continues To Shine With Over 20% Surge – What’s Next? Reports indicate that residents have raised numerous concerns, including excessive noise, substantial power grid usage, and the fact that Green Digital LLC., the company behind the proposed crypto mines in their cities, is a subsidiary partially owned by the Chinese Communist Party. Some Towns Have Rejected Proposed Crypto-Mining Facilities Arkansas Senator Bryan King has taken proactive steps by drafting a bill aimed at repealing the controversial law related to crypto-mining. One of the major worries is the strain on the local power grid caused by the electricity-intensive nature of crypto-mining operations. Reports have surfaced that some areas are already facing warnings of potential brownouts or blackouts. This is because of the increased energy consumption from these facilities. As of the current moment, local reports indicate that Arkansas is home to approximately 10 crypto mines. Vilonia and Harrison, two towns in Arkansas, have prevented attempts to establish proposed crypto-mining facilities within their respective city limits. Related Reading: Stellar Makes Surprise 70% Rally – Start Of Something Big For XLM? Senator Bryan King has further contended that crypto mines do not serve as economic boons to the communities where they establish their operations. He specifically highlighted that facilities like those proposed by Green Digital only employ a limited number of people. As such, the mines fail to provide substantial job opportunities or significant economic growth to the areas they operate. Advocacy For The Mining Bill Senator Joshua Bryant (R) who sponsored the bill explained and supported that the bill aims to protect property rights and stop the unfair treatment of crypto entrepreneurs. He said that crypto miners are people living in Arkansas who invest money in the state’s infrastructure, help keep utility costs stable, and boost the local economy. Bryant points out that if crypto-mining facilities are treated similarly to other data centers, the law allows local governments to create their own regulations. Furthermore, he clarified, that regarding noise ordinances, local governments are free to regulate commercial facilities as they deem appropriate. Related Reading: XRP Maintains Bullish Run With Nearly 80% Rally – Is $1 Within Reach? However, the bill specifically focuses on home mining operations. In this regard, it suggests adhering to existing federal and state laws related to nuisances. It also includes the US EPA Noise Act or standard statutory language outlined in the Disturbance Act. Nevertheless, the Arkansas “Right to Mine” law is set to take effect next month. Featured image from UnSplash, chart from TradingView.com

A Binance spokesperson highlighted that there are things to be wary of when liquid staking, including smart contract vulnerabilities, slashing risks and price fluctuations.