Connect with us

Cryptocurrency

Crypto.com unblocks users, reverses glitched LUNA trades that made 30-40x

Published

on


Crypto.com unblocks users, reverses glitched LUNA trades that made 30-40x

Crypto.com was one of the few crypto exchanges to keep LUNA trades open as Terra’s death spiral saw an unrecoverable price crash of LUNA and stablecoin UST. However, a technical glitch on Crypto.com’s mobile application allowed users to get away with a 30-40x profit on LUNA trades momentarily.

On Friday, Crypto.com abruptly barred users from trading after an internal tool detected the system quoting incorrect prices for LUNA due to some error. Just when Crypto Twitter (NYSE:TWTR) started raising concerns about trade reversals on the exchange, Kris Marszalek, CEO of Crypto.com, revealed details about a glitch that allowed users to make away with massive profits.

Continue Reading on Coin Telegraph

Cryptocurrency

Russia will inevitably legalize crypto payments says trade minister

Published

on


Russia will inevitably legalize crypto payments says trade minister

Russia will legalize crypto payments “sooner or later” according to the Ministry of Industry and Trade of the Russian Federation, Denis Manturov.

The country’s government has been exploring various crypto adoption plays throughout 2022, but is yet to finalize any concrete policy concerning digital asset payments. However, its legalization has been recommended by Russia’s finance ministry via its “On Digital Currency” bill from April.

Continue Reading on Coin Telegraph

Continue Reading

Cryptocurrency

‘Grim Reapers’ financial crimes unit revived to investigate Terra collapse

Published

on


‘Grim Reapers’ financial crimes unit revived to investigate Terra collapse

Legal troubles are mounting for the co-founder of failed Terra crypto project Do Kwon as the South Korean government revives the dormant “Grim Reapers of Yeoui-do” to investigate Terra’s fall.

The special investigative and prosecutorial team consists of members from various financial regulators, and is designed to prosecute securities fraud and unfair trading schemes. Potentially at risk are co-founders Do Kwon and Shin Hyun-seong, along with core members of the Terra team. Yeoui-do is the financial center of Seoul.

Continue Reading on Coin Telegraph

Continue Reading

Cryptocurrency

$3B flows to Metaverse and Web3 gaming this month as A16z’s tips in $600M

Published

on


$3B flows to Metaverse and Web3 gaming this month as A16z’s tips in $600M

Venture capital firm Andreessen Horowitz (a16z) has launched a $600 million fund dedicated to gaming startups with a focus on Web3 saying it believes “games infrastructure and technologies will be key building blocks of the Metaverse.”

Dubbed “GAMES FUND ONE” the fund will invest in three main areas: game studios, consumer applications which support player communities with Discord used as an example, and gaming infrastructure providers.

Continue Reading on Coin Telegraph

Continue Reading

News

Economy7 mins ago

A manual for grief: How to handle loss at work

© Reuters. FILE PHOTO: Buddhist monks from Dieu Ngu Temple in Westminster, California, chant during a candlelight vigil to mark...

Cryptocurrency7 mins ago

Russia will inevitably legalize crypto payments says trade minister

Russia will inevitably legalize crypto payments says trade minister Russia will legalize crypto payments “sooner or later” according to the...

Stock Markets7 mins ago

Citi promotes Asia-based banker Valderrabano as global wealth COO

© Reuters. FILE PHOTO: The Citigroup Inc (Citi) in Toronto, Ontario, Canada October 19, 2017. Picture taken October 19, 2017....

Coronavirus7 mins ago

North Korea weapons threat casts shadow on Biden visit

© Reuters. FILE PHOTO: Hwasong-17 intercontinental ballistic missiles take part in a nighttime military parade to mark the 90th anniversary...

Economy8 mins ago

China’s zero-COVID policy dashes global hopes for quick economic return to normal

© Reuters. FILE PHOTO: A worker in a protective suit walks on a closed bridge during lockdown, amid the coronavirus...

Stock Markets8 mins ago

Analysis-Rare double whammy hits investors: steep slumps for both stocks and bonds

© Reuters. FILE PHOTO: A Wall Street sign outside the New York Stock Exchange in New York City, New York,...

Stock Markets8 mins ago

Woodside shareholders approve BHP petroleum merger

© Reuters. FILE PHOTO: The logo for Woodside Petroleum, Australia’s top independent oil and gas company, adorns a promotional poster...

Forex37 mins ago

Dollar Down, but Investor Sentiment Remains Fragile Over Recession Fears

© Reuters. By Gina Lee Investing.com – The dollar was down on Thursday morning in Asia. Safe-haven currencies pressed paused...

Stock Markets38 mins ago

Singapore Airlines sees no big growth risk from Boeing 777X delays

© Reuters. FILE PHOTO: A woman walks past a Singapore Airlines (SIA) logo at a ticketing booth at Changi airport...

Stock Markets38 mins ago

Guatemalan congress approves $500 million loan from World Bank

© Reuters. GUATEMALA CITY (Reuters) – Guatemala’s congress approved on Wednesday a $500 million loan from the World Bank that...

Cryptocurrency38 mins ago

‘Grim Reapers’ financial crimes unit revived to investigate Terra collapse

‘Grim Reapers’ financial crimes unit revived to investigate Terra collapse Legal troubles are mounting for the co-founder of failed Terra...

Coronavirus38 mins ago

Biden visits Japan, South Korea carrying warning to China

© Reuters. FILE PHOTO: Japan’s Prime Minister Fumio Kishida attends a virtual meeting with the U.S. President Joe Biden at...

Cryptocurrency1 hour ago

$3B flows to Metaverse and Web3 gaming this month as A16z’s tips in $600M

$3B flows to Metaverse and Web3 gaming this month as A16z’s tips in $600M Venture capital firm Andreessen Horowitz (a16z)...

Cryptocurrency1 hour ago

Novogratz says LUNA tattoo is a constant reminder investing ‘requires humility’

Novogratz says LUNA tattoo is a constant reminder investing ‘requires humility’ Mike Novogratz, the billionaire founder of crypto asset management...

World1 hour ago

More work to resume in Shanghai’s zero-COVID areas from June

2/2 © Reuters. Women carry boxes of food on a street during lockdown, amid the coronavirus disease (COVID-19) outbreak, in...

World2 hours ago

U.S. Senate confirms Biden nominee to be Ukraine ambassador

© Reuters. FILE PHOTO: Bridget Brink, nominated to be U.S. ambassador to Ukraine, testifies at her Senate Foreign Relations Committee...

Commodities2 hours ago

Oil falls 2% on Powell comments, hopes for Venezuela supply

© Reuters. FILE PHOTO: Oil pump jacks are seen at the Vaca Muerta shale oil and gas deposit in the...

Economy2 hours ago

New Zealand government forecasts narrower deficit for 2021/22

© Reuters. FILE PHOTO – Cranes located on construction sites are seen in central Auckland, New Zealand, June 25, 2017....

Stock Markets2 hours ago

U.S. files third labor complaint in Mexico, on behalf of Panasonic workers

© Reuters. FILE PHOTO: A logo of Panasonic Corp is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of Advanced...

Economic Indicators2 hours ago

Australia boasts lowest unemployment since 1974 in nod for rate hikes

© Reuters. FILE PHOTO – A worker pushes a trolley loaded with goods past a construction site in the central...

World2 hours ago

N.Korea boosts production of drugs, medical supplies to battle COVID

2/2 © Reuters. Members of the North Korean army supply medicines to residents at a pharmacy, amid growing fears over...

Cryptocurrency2 hours ago

EOS Falls 10% In Selloff

EOS Falls 10% In Selloff Investing.com – EOS was trading at $1.2373 by 22:36 (02:36 GMT) on the Investing.com Index...

Stock Markets2 hours ago

Asian Stocks Down, Follow in U.S. Footsteps as Recession Fears Mount

© Reuters. By Gina Lee Investing.com – Asia Pacific stocks were down on Thursday morning, extending a fall in U.S....

Commodities2 hours ago

Oil prices recover from early losses as global supply fears linger

© Reuters. FILE PHOTO: Workers walk as oil pumps are seen in the background in the Uzen oil and gas...

Economy2 hours ago

Safe-haven dollar eases after Wednesday’s jump, but risk sentiment remains fragile

© Reuters. FILE PHOTO: U.S. one dollar banknotes are seen in this illustration taken February 8, 2021. REUTERS/Dado Ruvic/Illustration//File Photo...

World3 hours ago

China relaxes some COVID test rules for U.S., other travellers

© Reuters. FILE PHOTO: Medical staff members check the temperature of people as they enter at Capital Airport, following an...

World3 hours ago

U.S. Senate committee backs Biden nominee to be Ukraine ambassador

© Reuters. FILE PHOTO: Bridget Brink, nominated to be U.S. ambassador to Ukraine, testifies at her Senate Foreign Relations Committee...

Cryptocurrency3 hours ago

Litecoin Falls 10% In Bearish Trade

Litecoin Falls 10% In Bearish Trade Investing.com – Litecoin was trading at $65.100 by 21:56 (01:56 GMT) on the Investing.com...

Economic Indicators3 hours ago

Australian jobless rate at lowest since 1974 in April

© Reuters. FILE PHOTO – A worker pushes a trolley loaded with goods past a construction site in the central...

Stock Markets3 hours ago

Asian shares tumble as global growth fears mount

© Reuters. FILE PHOTO – An investor sits in front of a board showing stock information at a brokerage office...

Trending