Adoption
Adoption
South Korea sets $117.1 million budget to kickstart metaverse industry
South Korea's government has earmarked $117.1 million for the metaverse, betting on its potential and having this technology as one of their main focus in the following years.
Partnerships
FTX, Ripple on the lookout for acquisitions to bolster growth
FTX and Ripple said they are large enough to buy other firms to drive their growth.
Analysis
Wall Street Blockchain Alliance advisory chair calls for crypto audit standards following LUNA’s collapse
According to Wall Street Blockchain Alliance's advisory board chair, recent LUNA crash highlight the need for creating crypto audit standards, especially for stablecoins.
Investments
Stacks founder claims Bitcoin will ‘win’ over ETH
Stack's founder Muneeb Ali said he doesn't hold any Ethereum because it will lose against Bitcoin and other smart contract protocols.
Mining
Block, Blockstream and Tesla partner up to create eco-friendly mining farm powered by the sun
Mining companies Block and Blockstream are setting up a joint mining facility and are using Tesla's solar energy storage facility Megapacks for power.
People
Winklevoss twins, Miami Mayor Francis Suarez still bullish on crypto
Winklevoss Twins and Miami Mayor Suarez talked about their optimistic approach to the crypto market despite the recent collapse. Suarez said he's getting paid in Bitcoin, while the twins are investing at the dip.
Partnerships
Frank McCourt, Gavin Wood team up to create new social media platform
Frank McCourt’s new project will run on Gavin Wood’s Polkadot and give social media users the ability to control their personal data by retaining it on a blockchain.
Crypto
MonkeyPoxInu developers allegedly vanish with $400M, coin tanks 99% 3 days post-launch
Three-day-old MonkeyPoxlnu coin lost 99% of its value after its developer team allegedly ran off with $400 m in an exit scam.
DAOs
PizzaDAO to host world’s biggest pizza party on May 22 to commemorate first BTC purchase
PizzaDAO is hosting a worldwide pizza party by having local pizzerias in more than 75 countries distribute free pizza in the spirit of Bitcoin Pizza Day.
Adoption
Coinbase CEO says crypto will heal, take 15% of global GDP
Coinbase CEO Brian Armstrong showed an optimistic approach to the current market downtrend and said that crypto could grow to take 15% of the global GDP in 20 years.
Exchanges
Coinbase users lose Wormhole LUNA, UST after sending it to the exchange
Coinbase users tried to send wormhole LUNA and UST to their ERC-20 exchange wallets but lost them since they are not supported by the company.
Stablecoins
TerraForm Labs proposes to burn $1.3B in UST to save LUNA
Terraform Labs scrambles to save LUNA with another burn proposal that sacrifices roughly 8% of the total supply of UST.