Broadly speaking, markets recovered this week despite extremely volatile midweek price movements from the leading cryptocurrencies. Over on Twitter, pundits were absorbed by Ethereum Merge updates, more crypto winter stories, and the latest saga in Gary Gensler’s unspoken war on Ethereum.
Terra CEO Do Kwon kicked the week off with a bang when he lashed out at self-proclaimed blockchain gumshoe @FatManTerra. Back in May, at the height of Terra’s collapse, FatMan, who claims to be affiliated with Terra’s Research Forum, accused Kwon of skimming off the top by cashing out hundreds of millions of dollars “directly out of the LUNA market cap” over several years “to pay Terra’s employee salaries and operating expenses.”
What was FatMan’s offending tweet? Nothing to do with Do Kwon! FatMan tweeted that he was offering a “leftover allocation” for a “carry trade” on Bitcoin to victims of UST’s collapse. This time, Do Kwon was the one calling FatMan a fraud.
Kwon held his ground when one...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...