BITCOIN

The U.S. Securities and Exchange Commission (SEC) is reportedly investigating Terraform Labs and the collapse of algorithmic stablecoin terrausd (UST). “SEC enforcement attorneys are investigating whether Terraform Labs broke securities and investment product rules.” SEC Launches Investigation of Terraform Labs and UST The U.S. SEC is investigating Terraform Labs and its algorithmic stablecoin terrausd (UST), Bloomberg reported Thursday, citing people familiar with the matter. UST lost its peg to the U.S. dollar in early May. The stablecoin quickly lost its value and collapsed alongside cryptocurrency terra (LUNA). Both coins were created by Terraform Labs CEO Do Kwon, who has since launched LUNA 2.0 . The SEC is investigating whether the marketing of UST before it crashed violated federal investor protection regulations, the publication conveyed. Specifically, SEC enforcement attorneys are investigating whether Terraform Labs broke securities and investment product rules. The im

PRESS RELEASE. Binance Pay, Alchemy Pay, ePayments, and QponBay are collaborating to facilitate offline crypto payment methods at ‘Artaverse’, an NFT and metaverse event to be held in Hong Kong from June 3rd to 12th. Participants of Artaverse will be able to use cryptocurrencies to buy NFTs directly on site. The cryptocurrencies supported are BNB , ETH , ACH, and USDT . The exhibition is one of the largest of its kind and will be held in the 150,000 square-foot Central Harbourfront venue in Hong Kong. Hosted both inside and outside, there will be a giant tent and more than 20 independent exhibition spaces. With a total of more than 100 exhibition pieces, Artaverse aims to promote art forms such as non-fungible tokens(NFTs) and the metaverse, so that art enthusiasts have the opportunity to view, purchase, and even create new kinds of art. With diverse digital art exhibitions, and musical and cultural performances, the public will experience an immersive art, entertainment, and cul

Two months after the Russian ruble fell below a U.S. penny, the transcontinental country’s fiat currency is the best performing currency worldwide. American economists are baffled by the “unusual situation” because a country facing stiff sanctions typically sees its fiat currency decline in value, but Russia’s ruble has done the exact opposite. Russia’s Ruble Outshines the Euro and Dollar — Transcontinental Country’s Fiat Currency Shows Resiliency On February 28, 2022, Bitcoin.com News reported on the Russian ruble sinking to record lows, and citizens started to withdraw lots of cash causing what many reports called a “bank run.” At the time, Russia was hit with strict financial sanctions from countries opposed to the war in Ukraine. Furthermore, the United States, the European Commission, and Western allies imposed restrictions on the Bank of Russia’s international reserves. However, during the second week of April 2022, Bitcoin.com News reported on the country’s central bank sl