Market
Crime
OneCoin creator, Ruja Ignatova, declared wanted in Europe
Filings in the Southern District of New York suggest this damage could be over $4 billion.
Sports
Chelsea’s new shirt sponsor is a crypto platform
Chelsea becomes the second club in the English premier league to have a cryptocurrency platform as one of its main sponsors.
Regulation
Michael Saylor joyous at FASB decision to review crypto accounting rules
FASB previous guidelines provide that companies should report digital assets and commodities as “intangible assets” on their balance sheets.
Analysis
Analyst says crypto stocks performance is proof we are in bear market
The poor performance of the crypto stocks mirror that of the crypto industry where the value of digital assets have plummeted to new lows.
Rumors
Terra founder reportedly has link to failed stablecoin, Basis Cash
Basis Cash is an algorithmic stablecoin pegged against the US dollar that failed to achieve stability against the dollar.
NFTs
CryptoPunk NFT purchased for over $1M sells for less than $140K
Out of the last 10 CryptoPunks that have been sold, eight were sold at a loss.
Legal
US Court asks defunct crypto exchange to refund Bitcoin
CampBX failed to refund the thousands to users who had Bitcoin and money on the platform.
People
Hoskinson says Cardano has decentralized treasury valued at $723M in ADA, pokes fun at Terra
Charles Hoskinson questions why VCs and cryptomedia love certain altcoins and hate on Cardano in the wake of UST's fall.
CBDCs
Israeli central bank yet to make decision on pursuing CBDC despite public support
A research by the Bank of International Settlements (BIS) shows that nine out of ten central banks are working on a CBDC project presently.
Crime
Criminals continue to scam people with fake crypto ads on Facebook using Martin Lewis’ images
An FTC report revealed that crypto scams on social media led to the loss of over $700 million to rackets operating on these sites.
Opinion
Avalanche founder claims only one algorithmic stablecoin can succeed – defends Terra’s UST
Emin Gün Sirer said a US-based team wouldn’t be able to succeed with an algorithmic stablecoin project because of the regulatory framework in the country.
NFTs
Azuki floor price tanks after founder reveals link to 3 failed NFT projects in 2021
Some crypto community members believe that the failed projects should count as a rug pull, while others disagree.