FinancialEye News for the most useful insights on traditional finance, cryptocurrency markets, companies, and the economy.
Terra’s Co-Founder Do Kwon in October 2019. Source: A video screenshot, Youtube/Terra Another Terra (LUNA) ecosystem revival plan by Terraform Labs (TFL) CEO and Co-founder Do Kwon seems to have the support of at least some Terra developers, while trust issues still pose serious challenges to this plan. In a Monday post and an accompanying…
Following the leak of a U.S. Supreme Court draft opinion that would overturn the 1973 landmark Roe v. Wade decision, activists and entrepreneurs are looking for alternatives to help fund an “abortion-focused” DAO. Ultimately, they see this as a way to provide money to women in more than two dozen states where abortion services may…
Top US crypto exchange Coinbase is reportedly being hit with a lawsuit for providing trading for GYEN, a coin meant to act as a stablecoin pegged to the Japanese yen. According to a complaint seen by Bloomberg, Coinbase is being accused of misleading customers into believing that GYEN was equal to the price of one…
In the early hours of 14 May, Cardano founder Charles Hoskinson informed the community that the Vasil Hard Fork is on schedule. It would be implemented by 29 June, he said. With the Vasil Hard Fork, significant updates will be deployed on the Cardano blockchain and its smart contract platform, Plutus. Speaking about the Vasil…
Bitcoin price might struggle to stay above USD 30,000. Ethereum failed to clear USD 2,200, XRP is facing resistance near USD 0.45. ADA and SOL are up over 11%. Bitcoin price started a recovery wave above the USD 30,000 resistance zone and climbed above the USD 31,000 level before correcting lower again. It is currently…
On Sunday, Binance founder and executive Changpeng Zhao responded to a journalist’s tweet that insinuated that the exchange had invested in Terra’s LUNA back in 2019 and 2021. In a now deleted tweet by The Block’s Larry Cermak, the journalist stated: “Easy to see why CZ is tweeting so passionately about LUNA. Binance led Terra’s…
It is the sad reality of life that heralding an innovation in a particular space does not always mean one would forever remain on top. Known to have popularized the adoption of the play-to-earn gaming model in the blockchain space, better days appear to be behind Axie Infinity. Axie Infinity allows users to acquire the…
The broader crypto-market has begun recovering, but not all cryptocurrencies are able to make the most of it. Axie Infinity [AXS] is one such example. The gaming token is still reeling from the events that transpired over the last month. In doing so, it is also preparing for its next move on the charts. A…
Marketing in the metaverse: Advertising in digital worlds is definitely on the radar for many marketers in 2022. Here’s why. In a survey conducted by analytics automation company Unsupervised, results have shown that times are changing, and marketing people need to change with them. The survey, of 843 marketers of varying experience levels, aimed to…
For decades, much of the federal government’s security-clearance-granting process has relied on techniques that emerged in the mid-twentieth century. “It’s very manual,” said Evan Lesser, president of ClearanceJobs, a website posting, jobs, news and advice for positions that involve security clearances. “Driving around in cars to meet people. It’s very antiquated and takes up a…