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2022-05-17 06:23:23 Iran’s Ministry of Intelligence has reportedly blocked almost 10,000 bank accounts over suspicious foreign currency and cryptocurrency transactions. The action was carried out in collaboration with the country’s central bank.

9,219 Bank Accounts Blocked
Iran’s Ministry of Intelligence issued a statement Saturday stating that it has blocked a number of bank accounts due to suspicious foreign currency and cryptocurrency transactions, local media reported. The ministry detailed:

A total of 9,219 bank accounts belonging to 545 individuals were blocked.

The statement adds that the total transaction value blocked was over 60 trillion Iranian tomans, which is approximately $2 billion based on the daily dollar exchange rate in the Iranian open market. Iran’s currency recently hit a four-month low against the U.S. dollar.

Howev...

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2022-05-17 04:41:30 Former Federal Reserve chairman Ben Bernanke says the main use of bitcoin is “mostly for underground economy activities and often things that are illegal or illicit.” He added, “I don’t think bitcoin is going to take over as an alternative form of money.”



Ben Bernanke on Bitcoin, Cryptocurrency
Former Federal Reserve chairman Ben Bernanke shared his view on bitcoin and other cryptocurrencies in an interview with CBNC Monday.

Bernanke is an economist who served two terms as the chairman of the U.S. Federal Reserve, from 2006 to 2014. He oversaw the Fed’s response to the late 2000s financial crisis during his tenure as chairman.

Noting that the values of bitcoin and other cryptocurrencies change minute-to-minute, he said Monday:

They’ve been successful as a speculative asset.

However, he pointed out that “T...

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2022-05-17 01:11:22 Grayscale Investments has announced the launch of an exchange-traded fund (ETF) in Europe. The company’s Future of Finance UCITS ETF will list on the London Stock Exchange (LSE), Borsa Italiana, and Deutsche Börse Xetra.



Grayscale Launches ETF in Europe
Grayscale Investments, the world’s largest digital asset manager, announced Monday the launch of its first European exchange-traded fund (ETF) called Grayscale Future of Finance UCITS ETF (ticker: GFOF). It will list on the London Stock Exchange (LSE), Borsa Italiana, and Deutsche Börse Xetra, the company said.

The announcement details:

GFOF UCITS ETF tracks the investment performance of the Bloomberg Grayscale Future of Finance Index and seeks to offer investors exposure to companies at the intersection of finance, technology, and digital assets.

UCITS...

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2022-05-16 23:38:15 An op-ed article published in the state-backed Chinese publication Economic Daily, has suggested that the recent crash of the Terra blockchain’s LUNA and the de-pegging of the UST stablecoin vindicate the Asian country’s decision to ban crypto-related activities. In the article, the author names the interest rate hikes by the U.S. Federal Reserve and the buying and selling of crypto assets by several investment giants as the causes of the recent market crash.

Impact of Recent US Interest Rate Hike
An author writing for China’s state-backed publication, Economic Daily, has argued that the recent crash of Terra’s LUNA and the de-pegging of the UST stablecoin vindicates his country’s decision to block or prohibit virtual currency-related activities. The author, Li Hualin, also claimed that China’s “decisive” and “...

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2022-05-16 22:08:47 Just recently, the product comparison platform finder․com polled 36 fintech specialists about the cryptocurrency terra (LUNA) before terrausd (UST) lost its parity with the U.S. dollar. According to the poll, Finder’s experts predicted LUNA would be $143 before the end of the year. Currently, LUNA is worth far less than a U.S. penny and while it has gained over 23,000% in the last three days from the all-time low, LUNA would need to jump 58,331,533% to reach $143 per unit.

Finder’s Poll Recorded Before the Collapse Shows Fintech Experts Thought Terra’s LUNA Had Potential, While Others Remained Skeptical
Before LUNA and UST collapsed, a great number of people were very bullish about the Terra blockchain project. The product comparison platform finder․com’s recent terra (LUNA) Price Predictions Report, highlights this...

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2022-05-16 20:17:36 Binance’s Changpeng Zhao (CZ) has said the exchange supports the proposal to compensate retail LUNA users ahead of larger investors. He also said the LUNA tokens received by Binance in exchange for a $3 million investment in Terra have not been sold or moved.

Binance’s LUNA Tokens Not Sold
After his exchange faced criticism for its handling of LUNA tokens, Binance CEO Changpeng Zhao (CZ) tweeted that any compensation for LUNA holders must prioritize protecting the interests of retail users. He said Binance has already taken the lead by electing to be compensated last.

In the latest Twitter thread wherein he addresses the controversy surrounding the LUNA token crash, Zhao revealed to his followers that Binance had received 15 million LUNA tokens in exchange for an investment of $3 million. According to the Binance boss, the LUNA, wh...

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2022-05-13 21:41:15 On Friday, the value locked in decentralized finance (defi) protocols dropped to a low of $110.35 billion after there was more than $200 billion total value locked (TVL) eight days ago on May 5. One specific defi protocol called Lido, a liquid staking platform and the second largest defi application in terms of TVL size today, has lost significant value losing 49.66% during the past week.

Curve’s stETH:ETH Peg Skews, Lido Adds New Pool With Liquidity Incentives
While being exposed to the Terra blockchain blunder, Lido’s bonded ethereum tokens have been under pressure due to an imbalance on Curve’s bonded ethereum (stETH) and ethereum pool. The liquid staking defi protocol Lido announced that it was deploying liquidity incentives to Curve Finance in order to improve the imbal...

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2022-05-13 20:23:03 PRESS RELEASE. The Vietnamese music celebrity’s videos have garnered close to 2.5 billion lifetime views on Youtube.

RACA Hits a High Note

Radio Caca (RACA), one of the world’s leading Web 3.0 companies, today announced the collaboration between Radio Caca and Vietnamese celebrity singer Son Tung M-TP, who will join its United States of Mars (USM) Metaverse. Son Tung M-TP’s Art Gallery, dubbed M-TP Galaxy, will have its opening ceremony and host his first-ever Metaverse Concert in the USM Metaverse at an upcoming date, becoming the first Vietnamese celebrity to do so. The renowned singer was chosen via a community poll for RACA’s next Celebrity Partner approximately three weeks prior.

Along with Son Tung M...

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2022-05-13 19:05:14 Cryptocurrency markets were mostly in the green on Friday, as DOT was up by nearly 40%, moving away from an 18-month low. Although SOL, AVAX, and MATIC all rose by over 20%, it was SHIB that was one of the standout gainers in today’s session.

Polkadot (DOT)
DOT was one of today’s biggest gainers, as it climbed by nearly 40% during Friday’s stretch, moving away from recent lows in the process.

On Friday, DOT/USD surged to a peak of $11.73, which comes less than 24 hours after it hit a low of $7.04

This bottom was the lowest level DOT has reached since January 2021, and came as prices fell for eight of the last nine days.

Today’s rally commenced as prices jumped from a now support level of $8.50, climbing by as much as 38% to its intraday high.

Despite the rise, the 14-day RSI is still marginally oversold, and currently tracks at the 37.87 level, which...

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2022-05-13 19:05:12 Following a few days of carnage, the two leading crypto assets built on top of the Terra blockchain have plummeted to significant lows. LUNA has dropped to $0.00000100 per coin and the once-stable coin terrausd (UST) hit a low of $0.044 per unit. After temporarily halting the Terra blockchain and restarting it, the team has once again halted block production at block height 7,607,789. The team restarted the chain again at 8:46 a.m. (ET) and disabled onchain swaps.

Do Kwon’s ‘Amusing Morning’ of De-Pegging Jokes Becomes a Scary Reality
Five days ago people started to get concerned about the Terra-based stablecoin terrausd (UST) as a slight deviation from the $1 parity took place. At that time, rumors and speculation concerning Terra’s stablecoin failing starte...

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