The South Korean Court has decided that Terra Classic (LUNC), the rebranded native token of the Terra network that spectacularly collapsed last year, is not a security. Apparently, the Seoul Southern District Court found once again on February 16 that “it is difficult to see LUNC as a financial investment
April 24, 2023 2 mins read
The cryptocurrency market has been trading in the red, with a sharp decrease for almost all cryptocurrencies. Not even Polygon (MATIC) could buck the market’s downward momentum. According to CMC, MATIC lost 15% of its value in the previous week. Trading volume in the NFT market is also at a
April 24, 2023 2 mins read
While the government deals with the multi-billion dollar corruption investigation, crypto miners and exchanges in Venezuela will stay closed. While investigating a big corruption scam that might have syphoned off $20 billion, Venezuelan officials allegedly encouraged local Bitcoin miners to temporarily suspend operations. It is suspected that members of President
April 23, 2023 1 min read
Bitget, a cryptocurrency trading platform located in Seychelles, has formally registered as a service provider in Lithuania. The Baltic state’s local rules and regulations have been fulfilled, according to a release from the exchange. Also, a safe haven for crypto and blockchain initiatives, the nation is seen as a growing
April 20, 2023 2 mins read
Prosecutors in Montenegro have charged Terra’s co-founder Do Kwon and CFO Han Chang-joon on charges of document forgery. Do Kwon and Han Chang-joon were detained by Montenegrin police on March 23 for using counterfeit travel credentials to catch a trip to Dubai. Indictments for the crime of document fabrication were
April 20, 2023 2 mins read
Governments all across the globe have struggled to grasp the actual nature of cryptocurrencies. Despite its label as a commodity by some. The U.S SEC has been advocating for it to be treated as a security. A Hong Kong court has ruled that cryptocurrencies are property in a case involving
April 19, 2023 1 min read
Developer of the first tokenized card collection and web3 game developer EverdreamSoft has revealed the start of its exclusive ChainChronicles subscription series. ChainChronicles, a brand-new edition of collectible NFTs, extends upon the original cards EverdreamSoft launched in 2015. For its mobile game Spells of Genesis (SoG), EverdreamSoft produced the first set of tokenized
April 18, 2023 2 mins read
After being accused by his attorneys of trying to avoid them. Former NBA player Shaquille O’Neal has been served with papers in a lawsuit over his participation in advertising FTX. O’Neal was listed as a defendant in a lawsuit that was filed in federal district court in Florida in November.
April 17, 2023 2 mins read
According to a recent statement, Roblox, one of the most popular online gaming platforms, has released a new category of wearable virtual items that may be sold in limited numbers by independent developers. It is issued and traded like a normal NFT and even has the same appearance. Roblox players
April 16, 2023 2 mins read
Skybridge CEO Anthony Scaramucci said he is still enthusiastic about Bitcoin despite the criticism he has received for his involvement in the crypto markets. There are significant headwinds that he has to overcome. By the time Sam Bankman-Fried’s cryptocurrency exchange FTX declared bankruptcy in November, he was already connected with
April 16, 2023 1 min read