Newsletter Jul 28, 2022
FTC Files A Lawsuit Against Meta, Is Against The Firm 'Owning the Entire Metaverse'

The United States Federal Trade Commission has filed a lawsuit against Meta Platforms and has concerns regarding its metaverse expansion.

Unstoppable Domains Scores $65 Million In New Funding, Achieves $1 Billion Valuation

Popular blockchain naming service provider Unstoppable Domains has become a unicorn after a recent Series A funding round.

Staked Ether (stETH) And The Curious Case Of Depegging

What exactly is stETH in relation to ETH, and what is its role in crypto contagion that has been plaguing the crypto sector throughout May, June and July?

Crypto On Thursday: Market Turns Bullish, Buying Volume Surges

Bitcoin (BTC) recorded a price surge of 9.49% while Ether (ETH) recorded a price surge of 15.65%.

South Korea Puts Pressure On Terra's Do Kwon, TFL Executives

The latest report about the Terraform Labs co-founder comes close on the heels of a class-action lawsuit filed in the U.S.

Tether Likens Spreading Of False News To Cyberattacks Days After Regaining Dollar Peg

"Tether would like to again reiterate to naysayers who continue to spread falsities about its commercial paper holdings that you are wrong," the latest blog reads.

Japanese Crypto Lobbying Groups Aim To Persuade FSA To Lower Corporate Taxes

The crypto lobbying groups in Japan also aim to ask the Financial Services Agency to stop taxing the paper gains on cryptocurrency holdings if the firms hold them for purposes other than short-term trades. 

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