Following its recent collapse, the Terra ecosystem has been working on a recovery strategy and on Monday the Terra team gave an explanation to clarify the modified Terra Ecosystem Revival Plan 2.
Pennsylvania Senator Pat Toomey recently told Barron’s that Terra may be a fraudulent project. The Republican lawmaker has pointed to the fact that Luna promised huge returns while offering “very dubious technology.”
The United States Federal Reserve Board has included data on cryptocurrency in its new Economic Well-Being of U.S. Households in the 2021 report. The Fed’s ninth annual report looked at survey results from 11,000 people questioned in October and November 2021.
The DeFi platform Uniswap has announced that it will go live on two new blockchains: Gnosis Chain and Moonbeam Network.
Bored Ape Yacht Club (BAYC) might be one of the most notorious projects in the entire cryptocurrency space. The phenomenon started as an NFT project consisting of 10,000 unique pictures of cartoon-like apes on the Ethereum (ETH-USD) blockchain.
South Africa’s national broadcaster has suspended one of its employees that is accused of convincing unsuspecting people, including pensioners, to invest in a cryptocurrency scam. More than 100 people are believed to have fallen victim to promises of very high returns to investors in the bitcoin investment scheme.