Exchanges, including Upbit, Bithumb, and Coinone, were the targets of raids. Around 200,000 South Korean investors are thought to have invested in TerraUSD and Luna. Shocking revelations from South Korea have been pouring in after the fall of Terra-Luna. On Wednesday, Korean prosecutors raided seven cryptocurrency exchanges to see whether
July 22, 2022 2 mins read
Terraform Labs gained $94 M in the year 2019. Investigation happening over DoKwon regarding the TerraUSD collapse. A raid on the Seoul residence of TerraUSD co-founder Daniel Shin, according to a Bloomberg story quoting local media, has extended an investigation into alleged unlawful conduct around the algorithmic stablecoin TerraUSD (UST)
July 22, 2022 2 mins read
Players will significantly impact the platform’s “core capabilities.” After falling to $4.60 early Monday, APE surged to a high of $6.30. After Yuga Labs released a preview of their much anticipated Otherside Metaverse, ApeCoin looks to be on the rise. To give NFT holders a sneak peek into Otherside, the
July 19, 2022 2 mins read
Teneo released a 1,157-page court petition that included the numbers. 3AC filed for Chapter 15 bankruptcy on July 1 amid all the confusion. Three Arrows Capital (3AC), a crypto lending platform, owes Genesis $2.36 billion, according to court documents from Trustee Teneo. According to court documents, Genesis Asia Pacific Ltd.
July 19, 2022 1 min read
The former Ripple co-founder sent 1.1 million XRP, valued at $394,742.18. Jed left Ripple Labs in 2014 to co-found Stellar, a competing payment technology. It’s been eight years since Ripple Labs co-founder Jed McCaleb began dumping his XRP holdings, leaving him only 46.7 XRP in his wallet. XRP Scan, a
July 18, 2022 1 min read
AAVE’s effort to break above the flag trendline may face strong selling pressure. Aave is down 0.25% in the last 24 hours. AAVE’s bullish momentum may be running out of steam. The price of AAVE has more than doubled in a month. After touching a low of $45.60 on June
July 17, 2022 2 mins read
Bankruptcy proceedings have been halted, and client funds have been frozen. EquitiesFirst seems to be a creditor of crypto hedge firm Three Arrows Capital (3AC). EquitiesFirst, a single counterparty that owes Celsius $439 million, has been making monthly payments of $5 million to clear its debt with the company. Due
July 17, 2022 2 mins read
On July 6, the network successfully completed the Ethereum Sepolia testing run. There were no serious issues after the shadow fork deployment. In the last 24 hours, Ethereum (ETH) has risen 12.76 percent, pushing it beyond the $1,200 mark. One of Ethereum’s final tests before the Merge was successfully tested
July 15, 2022 1 min read
Before July 19, the company recommended customers remove their cash. CoinPayments blamed it on new Anti-Money Laundering (AML) legislation. Shortly after several firms went down, the crypto sector was hit with a lengthy bear market. As a result of the recent increase in market volatility, the crypto ecosystem is also
July 15, 2022 1 min read
Co-funded by the UK government’s R&D department, Millicent, a distributed ledger fintech business, has completed the world’s first test of a Full-Reserve Digital Currency (FRDC). With Millicent’s FRDC, the central bank receives 100% of the collateral in the form of liquid ‘cash’ deposits held in a ringfenced account under the
July 14, 2022 4 mins read
