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Day: May 15, 2022

Terra’s Big Backers, Shanghai Court Declares Bitcoin Property, BTC Obituaries, and Triple Top Hopes — Bitcoin.com News Week in Review

With the nightmare nosedive of Terra’s LUNA and UST, the Shanghai High People’s Court declaring that bitcoin is virtual property protected by Chinese law, a surge in Bitcoin Obituaries, and some hoping for a rare triple top to appear for BCT, the past week has been full of shock, questions, speculation, and broader market resilience …

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What Happened to the $3.5B Terra Reserve?

Blockchain analytics firm Elliptic follows the money to major exchanges Gemini and Binance. Where’d that $3.5 billion go? Unless you’ve been off the grid for the last couple weeks, you likely already know that the $3.5 billion of bitcoin that was created, in part, to defend and support the TerraUSD (UST) stablecoin, which proved to be …

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Investors could get a reprieve from vicious stock sell-off in week ahead

KEY POINTS Stocks could see a reprieve from selling in the week ahead, after the past week’s sharp plunge and rebound. Retail sales and housing data are highlights of the economic calendar, and Fed Chairman Jerome Powell speaks at a conference Tuesday. The consumer is a focus when a few big retailers — Walmart, Home …

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CONTINENTAL DIAMOND BECOMES MINNESOTA’S FIRST JEWELRY STORE TO ACCEPT BITCOIN

Continental Diamond, a St. Louis-based jewelry store, has partnered with BitPay enabling its customers to use bitcoin as payment. Continental Diamond, a St. Louis-based jewelry store, will begin accepting bitcoin as payment. Continental is partnering with BitPay to facilitate bitcoin payments. Earlier this week, the famous fashion-house Gucci also began accepting bitcoin. St. Louis Park-based Continental …

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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.” 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 the same, CZ revealed his perspective on the …

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Emirates Airline to Roll Out Bitcoin Payment and Enter the Metaverse

Emirates Airlines has revealed plans to adopt advanced digital solutions, such as cryptocurrency, metaverse, and blockchain, to optimize customer satisfaction rates. Speaking to a media gathering at the Arabian Travel Market, Emirates CEO Adel Ahmed Al-Redha disclosed that the Bitcoin payment option would be rolled out with more flexibility. Furthermore, non-fungible token (NFT) collectibles would …

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Top Video Game Artists Adopt NFTs to Help Ukraine, Collection to Release on Official MetaHistory Museum

Since the outbroke of the Russian-Ukrainian war, many celebrities, social activities, and visual artists joined the league of supporting Ukraine by cryptocurrency and NFT artworks. And the trend just doesn’t stop. Now, a group of top-notch artists bring the support and devotion to a brand-new level with long-lasting impact – the avatar NFT series. The …

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Crypto Expert Explains the Fear and Excitement in CAR of Accepting Bitcoin as Legal Tender

The booming of the crypto coins like Bitcoin in different regions and nations is unstoppable. This has recently been observed in the case of the Central African Republic (CAR). Of course, one of the major questions that have remained unanswered is whether Bitcoin adoption can work in such a developing country. CAR betting on Bitcoin The …

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Bitcoin stays under $30K as LUNA gains 600% during ‘insane volatility’

Traders’ risk appetite seems untainted as speculation around LUNA runs wild once again. Bitcoin (BTC) failed to reclaim $30,000 into May 14 as traders looked forward to a relatively stable weekend. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitfinex longs gather strength Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it lingered below the $30,000 mark, now …

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WHAT TERRA’S COLLAPSE TEACHES ABOUT ‘CRYPTO’ AND BITCOIN

As yet another altcoin nears zero, the event reminds the community why Bitcoin is the only authentic cryptocurrency. Terra is crumbling. The blockchain project home to the popular algorithmic stablecoin TerraUSD (UST), which had recently become the fourth-largest stablecoin by market value but now sits at fifth, is near collapse as UST repeatedly fails to sustain …

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