Day: May 15, 2022

May 15
Binance CEO CZ to support Terra community but expects more transparency

Pointing out the potential issues with forking Terra, CZ said that “Minting, forking, don’t create value.” 16899 Total views 7 Total shares Changpeng “CZ” Zhao, the CEO of crypto exchange Binance, recently questioned the idea of hard forking the Terra blockchain as a means to revive the once-thriving LUNA and UST ecosystems. Following up on […]

May 15
Terra (LUNA) trading volume surge 200% as market adjusts to death spiral

Despite the risks involved, Terra’s ‘insane volatility’ still serves as an attractive market for many short-term investors — mainly because LUNA momentarily gained 600% in value on May 14. 27532 Total views 41 Total shares It took just seven days for the Terra (LUNA) ecosystem to spiral down as prices came crashing from $85 on […]

May 15
UK Court recognizes NFTs as ‘private property’ — What now?

At the beginning of May, the British Web3 community celebrated an important legal precedent — the High Court of Justice in London, the closest analog to the United States Supreme Court, has ruled that nonfungible tokens (NFT) represent “private property.” There is a caveat, though: In the court’s ruling, this private property status does not […]

May 15
Apple stock suffers biggest 2-day selloff in 20 months

Shares of Apple Inc. AAPL, +3.19% sank 4.7% in afternoon trading Thursday, putting them on track to close at a seven-month low. After sinking 5.2% on Wednesday, the technology behemoth’s stock has now lost 9.6% in two days, the worst two-day performance since it dove 9.9% in the two days ended Sept. 3, 2020. Apple […]