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The Seoul Southern District Court has rejected the prosecutors’ arrest warrant of Terraform Labs associates. According to Yonhap News Agency, the court has dismissed the arrest order of several Terra officials, including Daniel Shin, co-founder of Terraform Labs with Do Kwon. In a text message, the South Korean Court stated
There is a potential danger to creator royalties in the NFT arena. Particularly on Solana, where almost all major markets have ceased mandating that traders pay the costs. Magic Eden, the most popular Solana marketplace, has recently taken action toward establishing a more stable method to enforce creator royalties. The
Coinbase Global Inc announced on Thursday that users of Apple Inc iOS are no longer able to transmit non-fungible tokens (NFTs) to their cryptocurrency exchange wallets. Furthermore, coinbase states in a tweet that Apple has block the latest recent app release until the feature is disable. You might have noticed
The notorious founder of the bankruptcy cryptocurrency exchange FTX, Sam Bankman-Fried, denied committing fraud while admitting significant managerial faults. At the same time, SBF claimed that he was unaware of any wrong transactions that includes funds from FTX and his trading company Alameda Research. Mystery surrounds the disappeared billions, which
Ankr, the blockchain-based decentralized finance (DeFi) protocol, has revealed that the platform has been targeted by a massive multi-million dollar exploit on Thursday. According to a recent tweet from Ankr, its “aBNB token has been exploited” and the platform is currently working with various exchanges to quickly suspend trade of
Central bank officials strive to stabilize Asia’s third-largest economy in the midst of challenging global conditions. While India’s Finance Minister Nirmala Sitharaman stated in the Reuters NEXT conference on Wednesday that she expects strong growth and lower inflation in the upcoming year. In addition, Nirmala Sitharaman specified Growth, health, and
At The New York Times’ annual DealBook Summit, Sam Bankman-Fried was interviewed by Andrew Ross Sorkin on Wednesday. He discussed a variety of topics, including risk management, philanthropy, regulation, and real estate in the Bahamas. SBF acknowledged that he “screwed up” and did commit serious mistakes. He said that he
Pavel Durov, the founder of the messaging app Telegram, revealed on November 30 through his Telegram channel that they are all set to build a collection of crypto tools. It includes non-custodial wallets and decentralized exchanges (DEX). Telegram's next step is to build a set of decentralized tools, including non-custodial
The Federal Reserve is hiking interest rates in an attempt to achieve its dual mission of price stability and maximum sustained employment. As the Fed Chair Jerome Powell discussed at a US forum on the outlook for the economy and the changing labor market. Ahead of Jerome Powell Fiscal and
Do Kwon, the co-founder, and CEO of Terraform Labs, is still being sought, but South Korean officials have expanded their inquiries to include additional Terra executives. An arrest warrant was filed by the prosecution for co-founder Daniel Shin and seven more engineers and investors of the company because they may
