Happy new month readcashers

Hello friends,

Months come and go it we thank God for the gift of Life. So many people didn't make it to this day, while some are in pitiful conditions, but God as granted it that we witness this day Hale and hearty.

With this, I will like to drop some news involving cryptocurrency.

Terraform Labs Staff Questioned by South Korean Law Enforcement 👮‍♂️

South Korean law enforcement has a few questions about this UST stablecoin that Terra had going on and duly summoned several former employees for questioning. Those staff members reportedly were against the launch of UST but their doubts were quashed by CEO Do Kwon. Undisturbed by possible legal trouble, Do Kwon is already looking into how to re-launch a stablecoin on Terra V2.

Ryoshi ghosts Shiba Inu and deletes his accounts 👻

Shiba Inu founder Ryoshi vanished and deleted his blog and Twitter account. You can’t say he didn’t warn you because, in a now-deleted blog post, Ryoshi warned that he may be gone one day without warning. The price of SHIB did not react, perhaps because it is already down 85% from its all-time highs. The Shiba Inu community poured one out for Ryoshi but remains committed to building the Shiba Inu DeFi ecosystem.

India consults on crypto but don’t get your hopes up 🇮🇳

India will soon release a “crypto consultation paper” in cooperation with the IMF and the World Bank. However, Indian crypto fans need not expect much positive coming out of it, as the country is looking to formulate an official stance on crypto following the “global consensus.” Most likely, this will mean further regulation for the Indian crypto industry, although no details have been published yet.

Singapore launches “Project Guardian” 🇸🇬

Singapore launched a financial pilot project called “Project Guardian” in cooperation with JPMorgan, Marketnode and DBS. The country’s central bank is looking into asset tokenization and decentralized finance, as Singapore tries to stay on top of digital asset innovation.

Optimism stays optimistic despite problematic airdrop📉

The OP token is live and users rushed to claim their airdrop of the Ethereum L2 scaling solution. The airdrop, however, was a bit too popularand OP lost 65% of its value. Optimism promised a retrospective to improve for the next airdrop rounds. More than 230,000 addresses were eligible to claim the airdrop, one of the biggest and most highly anticipated ones in recent memory. Although complaints were widespread on Crypto Twitter, several Ethereum contributors acknowledged the difficulty of Optimism trying to scale. 

Block Inc finds which countries are the true Bitcoin maxis👍

Block Inc published its Bitcoin Knowledge and Perceptions report. Among several interesting findings, one stood out particularly: people in lower-income countries are more optimistic about BTC. Particularly Nigeria, India, Vietnam, and Argentina stood out, while people in Japan were mostly pessimistic about BTC. The report also analyzed how the level of knowledge influences the likeliness of buying and how Bitcoin compares to other coins in terms of brand recognition (hint: pretty well).

Elon Musk beefs with Jackson Palmer on Twitter👊

Elon Musk is never one to shy away from controversy, and he did not disappoint when refuting claims from Jackson Palmer that he cannot read code. Palmer revealed in an interview that he had offered Musk a piece of code to defeat Twitter spambots, but that Musk was not able to make use of it. That got an “outspoken reply” from Musk saying the “nonsense script” he received was useless and the “lame snipper of Python” would not help to get rid of bots.

Russia could really soon pay in crypto for international trade 🏳

Russia looks to complete its u-turn on crypto and could soon pay in BTC and other cryptocurrencies for international trade. The First Deputy Governor of the Bank of Russia, Ksenia Yudaeva, said the bank does not object to using crypto in such a way. However, it believes that using crypto within Russia would create great risks and would thus probably not be something the institution supports.

Binance loads $500M investment bazooka for Web3🚀

Binance is bringing out the big guns with its announcement of a $500 million investment fund focused on Web3 and blockchain technology adoption. Binance Labs, the VC arm of Binance, raised money from institutional investors like DST Global Partners and Breyer Capital to invest across incubation, early-stage, and late-stage projects. According to Binance CEO Changpeng Zhao, the fund will invest “across DeFi, NFTs, gaming, Metaverse, social, and more.”

Thanks for reading! Have a great day

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Thanks for reading this article. Happy new month once again. More BCH in your wallet this month.