Author

Debashis Ghosh

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Terra Luna has become the talk of the town after it suddenly collapsed when its algorithmic dollar-pegged stablecoin, UST depegged. The mishap was so massive that the entire crypto market slumped down along with it to some extent. Hence, it seems the South Korean Conservative party has requested a parliamentary hearing on the grave matter by inviting many vital members associated with the South Korean Crypto market, especially Terra Luna CEO, Do Kwong to get…

Hey guys, we are sure that you have heard the name of the Latin American country, El Salvador even once, right? Well, why wouldn’t you, it was the first country in history to make Bitcoin a legal tender and it is again back all over the news. However, this time for all the wrong reasons. It is believed that the government had spent around $103 million of the citizen’s tax money to build a Bitcoin…

As crypto is becoming more of a mainstream thing, the Hawaii State Senate keeping this in mind has recently passed a bill (SB2695) with the signatures of Senator Donovan Dela Cruz and Senator Rosalyn “Roz” Baker to establish a crypto and blockchain task force. Well, this bill was mainly believed to be passed due to an executive order passed in March by the American President, Joe Biden. The objective of that executive order was to Ensure the…

It has come to the notice of experts that the Argentinean government has made its very first move towards introducing its own CBDC (Central Bank Digital Currency). As per a decree published on April 26 numbered 207/2022, the Argentinean mint has been given legal authority to involve itself in investigating, developing, and issuing digital currencies. Before this, the Argentinean mint only had the power or faculties to print the national fiat currency, the Argentine Peso.…

On Friday, April 22, it was all over the news that the world’s largest crypto exchange (in terms of Trading Volume), Binance had purposely leaked user data to the Russian authorities. Further, as per a Reuters’ special report, Russian Intelligence agencies wanted Binance to share its user’s data to help them track down users engaged in criminal activity. However, it is reported that the ruling government had an ulterior motive for this which was to…

As the Russia vs Ukraine war progresses, various financial organisations and governments have pointed out multiple times the possibility of Russia being able to evade the economic sanctions put on them via unscrupulous means mainly one of them being cryptocurrency. As crypto transactions aren’t based on any traditional economic networks, it is hard to track and block. Recently, the IMF has pointed out and warned again that Russia may be planning to use its vast…

It’s all over the news by now about the world’s richest man, Elon Musk offering to acquire the whole of Twitter for $54.20 per share which amounts to a total of about $43 billion on Thursday morning. Elon Musk has further clarified that he has some very specific changes in his mind for Twitter which he would like to implement once he can acquire it. He stated that Twitter has become a de facto town…

In the times of war between Russia and Ukraine, it has been found that crypto is playing a crucial role in helping Ukraine. Ukraine has received a lot of crypto donations globally to help support its war-affected economy and its army. However, on the other hand, experts also believed that Russia too would benefit by using crypto to evade the global sanctions put on them by countries opposing the war. But this seems not to…

Hey there folks, as you may know, it’s common for large brands such as Nike to take legal actions against anyone who may be found to be using their company’s brand name to illegally promote or sell fake goods or merchandise. However, what if we told you that this is one of the first of its kind where Nike has legally challenged a Detroit based site, StockX for illegally promoting and selling NFT (Non-Fungible Token)…