Let’s list the most important altcoin news of the week from a Bitcoin wallet that became active again 9 years later, to the Twitter exchange of Doge founder Billy Markus and Terra founder Do Kwon.
News of the week from DOGE, SHIB and ADA
- Ethereum co-founders Buterin, University of New South Wales to support the development of the Kirby Institute, a pandemic detection tool (UNSW) donated $4 million worth of USD Coins (USDC).
- Sao Paulo-based Nubank, Latin America’s largest digital bank, has signed a partnership agreement with Blockchain infrastructure platform Paxos to support cryptocurrency trading services in its banking application.
- According to a series of tweets shared by Terra’s official page, TerraForm Labs has proposed burning the remainder of the UST stablecoin reserves. The team plans to burn a total of 371 million UST stablecoins distributed as liquidity on Ethereum.
- Bancor has announced the launch of v3, dubbed Bancor 3. This release focuses on fostering broad and sustainable participation in on-chain liquidity markets by simplifying passive liquidity provision in automated market maker (AMM) liquidity pools.
- Tether CTO Paolo Ardoino said Tether is ready for a bank operation.
- BNB Chain announced that its transaction volume on the network has soared to record numbers last seen in December. Meanwhile, Binance Coin (BNB) volume rose 33%.
- Neutrino USD (USDN), an algorithmic stablecoin that is part of the Waves (WAVES) ecosystem, fell below its $1 peg on May 13 and traded at $0.90 due to the Terra effect.
- Cardano has released the new Daedalus Wallet updates. This release includes various bug fixes and UI improvements.
- Dogecoin (DOGE) founder Billy Markus made harsh criticisms on Twitter of Do Kwon, who was criticized for the collapse of Terra and UST.
sorry, just every time i read more about UST and LUNA i get more triggered
like, it’s quite literally the stupidest thing i have ever seen in my life
— Shibetoshi Nakamoto (@BillyM2k) May 13, 2022
- Crypto.com, Lido DAO ( LDO) and Parsiq (PRQ) tokens.
- An anonymous Shiba Inu (SHIB) whale bought 1.02 trillion Shiba Inu (SHIB) worth $12.34 million as the SHIB saw the price at $0.000095 on May 12. As we have mentioned in the news
- Kriptokoin.com , a cold wallet that has been dormant for 8.5 years took action on May 13. There are 1,000 BTC worth $30.39 million in the wallet.
