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Do Kwon says he is ‘heartbroken’ in new statement, claims no UST or LUNA sold during crisis

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Terraform Labs co-founder and CEO Do Kwon broke his social media silence early Friday evening with a trio of tweets about the collapse of Terra’s LUNA token and associated stablecoin, UST. 1/ I’ve spent the last few days on the phone calling Terra community members – builders, community members, employees, friends and family, that have been devastated by UST depegging. I am heartbroken about the pain my invention has brought on all of you. — Do Kwon 🌕 (@stablekwon) May …

Users targeted by phishing attack via apparent malicious ad code on crypto data sites

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UPDATE (6:15 p.m. ET): In a follow-up message, CoinGecko said that its investigation pointed to crypto ad platform Coinzilla as the source of the phishing attack code, saying: “The situation is caused by a malicious ad script by Coinzilla, a crypto ad network – we have disabled it now but there may be some delay due to CDN caching. We are monitoring the situation further. Do stay on alert and don’t connect your Metamask on CoinGecko.” The headline of this …

Meta to start testing digital collectibles on Instagram

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Meta will start testing digital collectibles and NFTs on Instagram this week, according to chief executive Mark Zuckerberg. Creators and collectors on Instagram will now be able to use NFTs as profile pictures, similar to a move other social media platforms like Twitter have done in recent months. A similar feature will be coming to Facebook soon as well, Zuckerberg confirmed, though he didn’t give an exact date. Creators will also soon be allowed to use augmented reality NFTs on …

The city of Fort Worth, Texas votes to become a bitcoin miner

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Fort Worth, Texas is getting into the bitcoin mining business, in a push to present the city as a leader in crypto. Council members unanimously voted in favor of a resolution on Tuesday to accept a donation of three Bitmain Antminer S9 bitcoin mining machines worth $2,100 from the Texas Blockchain Council. “These small but powerful machines mark Fort Worth’s larger commitment to becoming a leading hub for technology and innovation,” said Mayor Mattie Parker, who spearheaded the project. The …

Twitter accepts Elon Musk’s $44 billion takeover offer

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Twitter has accepted billionaire Elon Musk’s offer to buy the social media company for approximately $44 billion.  The Tesla CEO will pay $54.20 per share, according to a statement on Monday, confirming reports over the weekend that a deal was imminent. The transaction, which will make Twitter a privately held company, is expected to close some time this year, pending approval of Twitter stockholders and regulators. Twitter’s independent board chair Bret Taylor said the board conducted a “thoughtful and comprehensive …

Elon Musk has taken a 9.2% stake in Twitter

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Elon Musk has taken a 9.2% stake in social media giant Twitter, according to an SEC filing, as of March 14. Twitter’s share price has shot up from $39.31 to $49.06 — up 25% — in pre-market trading on the news. This comes after Musk held discussions on Twitter about its algorithms and whether they should be open source. On March 24, he wrote, “I’m worried about de facto bias in “the Twitter algorithm” having a major effect on public …