Here’s what happened in crypto today

Analyst Michaël van de Poppe said that the Terra founder deserves jail, comparing Kwon to fraudster Bernie Madoff, who was jailed after running a Ponzi scheme. 234 Total views 31 Total shares Reports that Terra (the new LUNA orLUNA2) founder Do Kwon allegedly withdrew $80 million monthly before the project crashed surfaced Friday, leading members…

After skyrocketing above $370 following the Reddit-driven short squeeze, GameStop shares are now trading at around $160. 3712 Total views 20 Total shares GameStop Corporation, an American gaming and consumer electronics retailer, has announced its plans to sell up to 3.5 million GME shares following the stock’s massive and controversial rally.The firm announced Monday that…

While the short-term market outlook for many NFT projects look uncertain and multiple new releases struggle to gain traction, one gardening-themed drop may have set some records by selling 8,888 NFTs in just under an hour.Nonfungible token studio Zenft released a line of 8,888 unique bonzai NFT plants that quickly sold out last night, with…

Blockchain software technology firm ConsenSys Inc. has acquired American asteroid mining company Planetary Resources, Inc. through an asset-purchase transaction, according to an announcement published Oct. 31.Founded in 2009 and formerly known as Arkyd Astronautics, Planetary Resources is supposedly engaged in the exploration, extracting and refining of resources from asteroids. The company, which reportedly has over…

Japan’s Financial Services Agency (FSA) is reportedly cracking down on crypto exchanges that offer anonymous transactions or have weak identity verification practices in preparation for inspection by the Financial Action Task Force (FATF) this fall. Nikkei Asian Review reported the development on May 22.The FATF will reportedly send its investigatory arm to review the strength…

In the 19th century, the barons of American industries rose to prominence by leveraging their hold on tangible resources like oil and steel. Today, corporate titans seek to attain even greater heights of wealth by gathering consumer data. But now, like then, the benefits of accumulating such resources come paired with a significant business risk:…

Nigel Green is uber bullish on ETH stating that its value will exceed Bitcoin’s within five years. 1553 Total views 16 Total shares The CEO and founder of one of the world’s largest independent financial advisory organizations, the deVere Group, has stated that Ethereum’s price appreciation should continue to beat Bitcoin’s in 2021.The deVere Group…

The Financial Stability Board (FSB), an international organization that monitors the global financial system, has come up with a global regulatory framework for crypto. The guidelines, recommended to the 20 leading economies of the world (G-20) are crafted upon the principle of “same activity, same risk, same regulation.”A public note and two separate guideline documents…

Australian blockchain energy firm Power Ledger has partnered with a local energy retailer to roll out its technology in South Australia. Power Ledger’s blockchain-based software will allow Australians to pool their excess solar and battery storage to a Virtual Power Plant for greater control and management over their energy.Commercial deal with Australian electricity wholesaler PowerclubWithin…