Desperate LUNA Investor Arrested, New Terra Network Announced, Davos Blockchain Talk, and More — Bitcoin.com News Week in Review

Desperate LUNA Investor Arrested, New Terra Network Announced, Davos Blockchain Talk, and More — Bitcoin.com News Week in Review

From a determined investor’s ill-advised go to to Terra co-founder Do Kwon’s home leading to an arrest, the announcement of a brand new Terra community, and blockchain discuss at Davos, to predictions of U.S. financial collapse if inflation isn’t reigned in shortly, there’s no scarcity of action-packed crypto tales this previous week. Without additional ado, that is the Bitcoin.com News Week in Review.

LUNA Investor Arrested for Knocking on Do Kwon's Door After Losing $2.4 Million in Terra Crash

LUNA Investor Arrested for Knocking on Do Kwon’s Door After Losing $2.4 Million in Terra Crash

A crypto investor has been arrested after knocking on Do Kwon’s door following the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST). He misplaced about $2.4 million and is now underneath investigation by the South Korean police. “I felt like I used to be going to die,” he stated about shedding his investments.

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A New Terra Network Is Coming With Support From Major Exchanges, LUNA and UST Holders Eligible for Airdropped Tokens

A New Terra Network Is Coming With Support From Major Exchanges, LUNA and UST Holders Eligible for Airdropped Tokens

According to a current announcement from the Terra blockchain crew, the neighborhood voted and handed a proposal that plans to launch a brand new genesis model of the Terra blockchain with out an algorithmic stablecoin. The governance proposal referred to as “Terra Ecosystem Revival Plan 2” has been amended and the ultimate launch of the brand new Terra Core codebase has been launched to arrange for the brand new community.

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Billionaire Ray Dalio Speaks in Davos — Says 'Blockchain Is Great, but Let’s Call It a Digital Gold'

Billionaire Ray Dalio Speaks in Davos — Says ‘Blockchain Is Great, however Let’s Call It Digital Gold’

This week the world has been speaking concerning the World Economic Forum (WEF) assembly in Davos, Switzerland, which began on May 22 and ends on May 26. At the occasion, Bridgewater Associates founder Ray Dalio spoke about right now’s financial system, the Federal Reserve, money, and cryptocurrencies. Dalio famous on the WEF convention that he believes blockchain is nice, however says “let’s name it a digital gold.”

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Billionaire Investor Bill Ackman Says Unless the Fed Aggressively Hikes Rates, Stock Market Could Crash, ‘Catalyzing an Economic Collapse’

Billionaire hedge fund supervisor and founding father of Pershing Square Capital Management, Bill Ackman, believes “inflation is uncontrolled.” The investor thinks that if the Federal Reserve “doesn’t do its job” by making use of “aggressive financial tightening,” the U.S. financial system might collapse.

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