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What is TerraClassicUSD (USTC)? An overview of the project
TerraClassicUSD (USTC) is an algorithmic stablecoin of the Terra blockchain. The idea behind USTC was to tackle the scalability issues that plagued other stablecoins. However, USTC ultimately proved to be the downfall of the Terra ecosystem in May 2022. The UST and LUNA Crash: One Year Later and Its Lasting Impact
One year ago, the crypto world witnessed the dramatic collapse of the UST stablecoin and LUNA token, which has left an indelible mark on the market. The creator of the Do Kwon project, who had confidently promised to restore the UST peg to the US dollar, is now synonymous with the debacle that shook investor confidence and contributed to the intensification of the bearish market. 
Coinbase Eyes UAE as Strategic Hub for Crypto Expansion
The United Arab Emirates (UAE) has rapidly established itself as a global center for web3 innovation, with the nation boasting a thriving startup ecosystem, robust blockchain infrastructure, and a cryptocurrency adoption rate exceeding 11% of the population. CBDC Emerges as a Key Talking Point in the Presidential Race
The US presidential election is just a year and a half away, but the debate about the role of central banks and the Federal Reserve System in introducing CBDC is already intensifying. Some presidential candidates have made their stance clear, unequivocally stating that they will not tolerate the introduction of digital dollars. Spike in Bitcoin Tickers Raises Concerns
A sudden uptick in Bitcoin tickers, transaction fees, and unconfirmed transactions over the weekend sparked concerns about a potential Denial of Service (DoS) "attack" on the network. However, industry analysts have reassured the community that there's no cause for alarm. Tencent-Backed Everledger Faces Bankruptcy
Cai Yige, the former head of Tencent's blockchain business, has left the company to found web3 wallet Punk Code, following his departure at the beginning of the year. Meanwhile, Everledger, an Australian blockchain technology firm supported by Tencent, has filed for bankruptcy nd liquidation due to insufficient investor funds. 
Ukraine's President, Volodymyr Zelensky, recently met with the leaders of BlackRock, the world's largest investment management company, to discuss the creation of an investment fund aimed at revitalizing the country's economy. The fund will be financed by both public and private capital and will support large-scale business projects in Ukraine.
The Ministry of Economy of Ukraine has signed a contract with BlackRock Financial Market Advisory to provide advisory services for the development of the Ukraine Development Fund. The creation of this fund marks an important milestone in the country's economic development, as Ukraine has not seen significant private investment at this scale before.
President Zelensky has highlighted that the successful implementation of the project will send a powerful message to both domestic and foreign investors about the country's investment climate. To ensure transparency and success, Ukraine has engaged top financial and consulting organizations such as BlackRock, JP Morgan, and McKinsey.
This initiative is a positive development for Ukraine's economy and a testament to the government's commitment to attracting private investment. The creation of the Ukraine Development Fund is a critical step towards achieving sustainable economic growth and prosperity for the country. 
Argentine Authorities Set Sights on Crypto Payments
Argentina's central bank has put a stop to payment providers offering crypto transactions, aiming to limit the country's payment-system exposure to digital assets. The move impacts fintechs and financial institutions alike, as both are now prohibited from facilitating crypto services through their apps. Bitcoin Gets a Boost Amid First Republic Bank's Bankruptcy
The crisis plaguing American regional banks intensifies. First Republic Bank (FRB) bankruptcy has become the second-largest in U.S. history, after the collapse of Washington Mutual Inc. in 2008. As of the end of April, FRB's shares plummeted by 73%. 
A recently discovered bug in Ordinals, a system for writing digital collectibles onto the Bitcoin blockchain, has raised concerns and sparked a debate on how to address the issue. The bug was introduced by a developer known as Supertestnet, who initiated a transaction that didn't output a satoshi but was still considered valid in the Ordinals system. This caused the numbering system that Ordinals uses for inscriptions to be offset by one.
Ordinals creator Casey Rodarmor acknowledged the bug on GitHub, expressing uncertainty about the best course of action to fix it. While the bug doesn't break the primary Ordinals system of tracking satoshis linked to collectibles, it affects the vanity metric of inscription numbers, which indicate the order in which each Ordinal collectible was created.
Danny Diekroeger, founder of Bitcoin Lightning platform Deezy, downplayed the severity of the issue, stating that inscription numbers were already somewhat flawed. Another developer, Rijndael, agreed, noting that the bug should not impact the actual Ordinals themselves, but only the inscription numbering system.
As developers and the community discuss potential solutions, it's clear that the bug raises questions about the reliability and security of the Ordinals system. While it may not be a major problem in the grand scheme of things, it serves as a reminder of the importance of ongoing development and testing in blockchain-based systems. Metaverse is Not Dead!
Tim Sweeney, CEO of Epic Games and creator of the Unreal Engine and Fortnite, has taken to Twitter to defend the metaverse after a Business Insider article declared the technology dead. Sweeney mocked the assertion, highlighting the significant number of users on various virtual world platforms. 
S&P Solutions Accused of Money Laundering Through Crypto ATMs
The Cuyahoga County Prosecutor's Office, in cooperation with the U.S. Secret Service (USSS), filed charges against S&P Solutions and three of its employees for operating crypto ATMs without a proper license, conspiring to launder money, and engaging in corrupt activities. BRC-20 Tokens Driving Growth on the Bitcoin Network
The notable increase in Ordinals inscriptions on the Bitcoin network, from 2.5 million to 4.78 million within a week, can be primarily attributed to the emergence of BRC-20 tokens. This new token standard was developed by a Twitter user named domodata on March 8, 2023. AUDN: The Stablecoin Disrupting Cross-Border Transactions
The National Australia Bank (NAB) has launched cross-border payments utilizing its AUDN stablecoin, tailored for instant cross-border transfers. NAB will leverage the Ethereum blockchain to transfer AUDN to its subsidiaries in other countries. Hong Kong Promises Strict Crypto Regulation
Hong Kong Monetary Authority Chief Executive Eddie Yue, in an interview, emphasized the city's intention to enforce stringent crypto regulations. He said, "Our regulation will be tight. We will facilitate the development of the ecosystem here, generating considerable excitement. However, this doesn't imply lax regulation." 
Stuart Haber: Blockchain Co-Creator Ahead of His Time
In 1991, Stuart Haber and Scott Stornetta introduced the concept of a digital ledger system, which laid the foundation for modern blockchain technology. Their work was a turning point in the history of computer science and has led to the widespread adoption of the technology among developers. Their ideas continue to drive innovation and change in the industry. Ripple's legal battle with SEC costs $200 million and counting
Ripple CEO Brad Garlinghouse revealed that the company has spent $200 million defending itself against a lawsuit brought by the United States Securities Exchange Commission (SEC). He made this statement during a fireside chat at the Dubai Fintech Summit, highlighting the differences in crypto regulation progress between the U.S., the UAE, and Europe. Why Trading System Determines 99% of a Trader's Success
Being a trader is a demanding profession that requires a broad range of knowledge, competencies, and practical experience. For every trader, the first and most crucial step is to learn and effectively apply their primary tool – the trading system. 
Shitcoin Speedrun: Token Made in Under 23 Seconds
A recent viral video reveals the astonishing simplicity of developing a new cryptocurrency, as digital artist Johnny Shankman completes a "speedrun" to deploy a token called "EASY_MONEY" in a mere 27 seconds. This record was soon broken by another user who crafted the "lol" token in just 22.45 seconds, highlighting the straightforward process of bringing a new token to life. CryptoGPT: I Am the Data Revolution
ChatGPT's astounding triumph has inspired the creation of numerous AI projects, including chatbots and neural networks. The cryptocurrency market is also experiencing a period of excitement. Although no one has matched ChatGPT's performance, several initiatives have gained significant traction. What Is the Sell in May and Go Away Strategy?
"Sell in May and go away" is a well-known finance saying passed down through generations of traders and investors. It suggests that markets are likely to go down in late spring. But what is the story behind this phrase and can it be considered reliable advice for crypto portfolio holders? 
US Probes Binance for Alleged Russian Sanctions Evasion
The Justice Department is investigating whether Binance Holdings Ltd., the world's largest cryptocurrency exchange, was used illegally by Russians to evade US sanctions related to Russia's invasion of Ukraine, according to sources familiar with the matter. How Many ETH Were Lost Forever Due to Developer Mistakes?
According to Coinbase director Conor Grogan users have lost access to 636,000 ETH since the network was created, either due to serious vulnerabilities in smart contracts or simply their own carelessness. At the time of writing, this equates to approximately $1.1 billion. 
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