Sat, October 3

South Korean Authorities Seize $92M Worth Assets Linked to Do Kwon

Authorities in South Korea and elsewhere continue to look for Do Kwon, the controversial creator of Terraform Labs. South Korean authorities have allegedly stated that Terra’s founder was seen in Serbia. After departing Singapore a while ago, as was reported earlier this month. According to The Korea Economics Daily, South

December 20, 2022 1 min read

Visa Plans To Facilitate Automatic Transactions on Ethereum Blockchain

Visa has proposed a system that would enable Ethereum users to conduct transactions directly with one another, without the need for a trusted third party. Customers may pay with their own wallets that they control directly. These purchases will most likely be paid for automatically. Via Visa utilizing Account Abstraction,

December 20, 2022 1 min read

Dogecoin Price Falls 10% Post Elon Musk’s Twitter Resign Poll

The newest Twitter Poll by Elon Musk asked whether he should resign as Twitter’s CEO, and the result sent Dogecoin’s price down more than 10% today and almost 16% in the last 7 days, to its current trading level of $0.07. Recent events have been devastating for the cryptocurrency market

December 20, 2022 1 min read

Central Bank of Kazakhstan Completes Second Phase CBDC Trial

Officials at Kazakhstan’s central bank, the National Bank of Kazakhstan (NBK), say they’ve finished phase two of testing the infrastructure supporting the country’s central bank digital currency (CBDC). The whitepaper produced by the regulator. Presents trial findings and research on the necessity for a new form of national fiat, the

December 18, 2022 1 min read

Shiba Inu Witnesses Significant Burn Rate of 252% in Last 24 Hours

The substantial reduction in the Shiba Inu (SHIB) circulating supply has been caused by the quantity of SHIB burnt in the recent hour. More tokens have been burnt in the past 24 hours than in the previous day. The Shibburn community burnt 1,500,000 SHIB tokens in a single transaction in

December 17, 2022 1 min read

Terra Classic (LUNC) Proposal 11030 Gets Green Light From Community

Separating the Terra Classic (LUNC) community from Terraform Labs and Do Kwon. As proposed by the Terra Rebels in their contentious Proposal 11030, seems to be turning into reality. In fact, as Jared of TFL pointed out before, splitting Terra Classic apart from Terra (LUNA) is the best option. Since

December 15, 2022 1 min read

USDT Stablecoin Issuer Tether Pledges to Eliminate Loans by 2023

In light of the rising speculation that Tether’s increasing amount of secured loans may lead to the downfall of the stablecoin issuer, Tether issued an official statement later today. The cryptocurrency corporation has decided to reduce its credit exposure to zero by 2023. Tether’s statement reveals the company is strengthening

December 14, 2022 1 min read

AliPay Integrates Digital Yuan For Instant Payments Boosting Adoption

AliPay has integrated the Digital Yuan to enable instant payments across all of Alibaba Group Holding’s e-commerce platforms, including Taobao and Tmall, in an effort to promote China’s digital currency, e-CNY. The Ant Group operates AliPay, the dominant digital payment system in China. Tuesday, December 13th was the formal announcement

December 13, 2022 1 min read

Chinese Officials Unearth $1.7B Money Laundering in Crypto

Chinese police in the Mongolian city of Tonglio have reported the arrest of 63 persons. For their role in a $1.7 billion cryptocurrency money laundering scheme that used the Tether stablecoin. According to the official statement released by law enforcement. The probe was initiated when a local bank saw a

December 13, 2022 1 min read

Tron’s Native Stablecoin USDD Depegs, Now Trading at $0.97

Early on Monday, Justin Sun said on Twitter that he had swapped over $773,000 worth of Tron’s native stablecoin USDD. Sun said that he has converted over $200,000 worth of USDC. And $570,000 worth of USDT to the stable currency USDD. Although it is supposed to be pegged to the

December 12, 2022 1 min read