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From a hopeless investor’s ill-advised sojourn to Terra co-founder Do Kwon’s location resulting successful an arrest, the announcement of a caller Terra network, and blockchain speech astatine Davos, to predictions of U.S. economical illness if ostentation isn’t reigned successful quickly, there’s nary shortage of action-packed crypto stories this past week. Without further ado, this is the Bitcoin.com News Week successful Review.
LUNA Investor Arrested for Knocking connected Do Kwon’s Door After Losing $2.4 Million successful Terra Crash
A crypto capitalist has been arrested aft knocking connected Do Kwon’s doorway pursuing the illness of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). He mislaid astir $2.4 cardinal and is present nether probe by the South Korean police. “I felt similar I was going to die,” helium said astir losing his investments.
A New Terra Network Is Coming With Support From Major Exchanges, LUNA and UST Holders Eligible for Airdropped Tokens
According to a caller announcement from the Terra blockchain team, the assemblage voted and passed a connection that plans to motorboat a caller genesis mentation of the Terra blockchain without an algorithmic stablecoin. The governance connection called “Terra Ecosystem Revival Plan 2” has been amended and the last merchandise of the caller Terra Core codebase has been released to hole for the caller network.
Billionaire Ray Dalio Speaks successful Davos — Says ‘Blockchain Is Great, but Let’s Call It Digital Gold’
This week the satellite has been talking astir the World Economic Forum (WEF) gathering successful Davos, Switzerland, which started connected May 22 and ends connected May 26. At the event, Bridgewater Associates laminitis Ray Dalio spoke astir today’s economy, the Federal Reserve, cash, and cryptocurrencies. Dalio noted astatine the WEF league that helium believes blockchain is great, but says “let’s telephone it a integer gold.”
Billionaire Investor Bill Ackman Says Unless the Fed Aggressively Hikes Rates, Stock Market Could Crash, ‘Catalyzing an Economic Collapse’
Billionaire hedge money manager and laminitis of Pershing Square Capital Management, Bill Ackman, believes “inflation is retired of control.” The capitalist thinks that if the Federal Reserve “doesn’t bash its job” by applying “aggressive monetary tightening,” the U.S. system could collapse.
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