For years, the country has heavily subsidized its electricity production leading to extremely low prices. It claims that this has now become unsustainable. Source …
Magic Internet Money token depegs as LUNA domino effect persists
Citing an insider scoop, Autism Capital claimed that Abracadabra accrued $12 million in bad debt as a direct result of Terra’s sudden downfall, which has been refuted by founder Daniele Sestagalli. …
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Elusive Bitcoin ETF: Hester Peirce criticizes lack of legal clarity for crypto
SEC Commissioner and “Crypto Mom” Hester Peirce criticized the SEC on its regulatory guidance, but noted that change is possible if investors and regulators work together. Source …
Former president of the New York Stock Exchange joins Uniswap Labs as an adviser
Uniswap said it is betting on her experience with TradFi translating over to DeFi to further help them evolve their place in Web3. Source …
NEXO price drops 40% in three days on contagion fears from ‘insolvent’ crypto fund
Nexo says it currently has no exposure to Three Arrows Capital and has 100% liquidity to meet its debt obligations. Source …
‘Too early’ to say Bitcoin price has reclaimed key bear market support — analysis
BTC price action is back above the 200-week moving average, but the Fed may still sour the mood. Source …
Pennsylvanian pharmacist feeds thousands of homeless using crypto
The Pennsylvania-based pharmacist said he got the idea of using crypto to feed the homeless from science fiction movies such as the 2017 remake of Blade Runner 2049 and Justin Timberlake’s 2011 movie …
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