Sat, October 3

$104M Worth Assets of Terra Co-Founder Confiscated by South Korea

On Thursday, local prosecutors in Seoul allegedly had their plea to freeze roughly 140 billion won ($104 million) in assets belonging to Terraform Labs co-founder Shin Hyun-seung, or Daniel Shin, accepted by the Seoul Southern District Court. To safeguard against a defendant using illegal funds for personal gain before trial,

November 20, 2022 2 mins read

Can Bulls Bring Litecoin (LTC) Back to $100?

Litecoin was among the few currencies to see an increase in value while the market fell last week. Over the past seven days, Litecoin has seen a rise in value. Litecoin is at $63.44 at the moment.  The price of Litecoin has fared better than most other cryptocurrencies since the

November 20, 2022 1 min read

Vitalik Buterin Proposes Implementation of ZK-SNark Feature

Vitalik Buterin, co-founder of Ethereum, recently sent a letter proposing a proposal to implement the ZK-SNark feature in order to increase the scalability of the Ethereum network. Balaji Srinivasan, a former chief technology officer of Coinbase, Kraken, and Binance, was also brought up in the letter. Vitalik claimed in his

November 19, 2022 1 min read

Tether to Transfer $1B USDT From Solana to Ethereum Network

To move USDT from the Solana blockchain to the Ethereum blockchain, stablecoin issuer Tether has launched a $1 billion chain swap. The news comes as Solana, which was among the top 5 largest cryptocurrencies by market size only weeks ago, struggles in the wake of the bankruptcy of crypto exchange

November 19, 2022 1 min read

Ripple Seeking Regulatory Approval in the Republic of Ireland

Recently, it was announced that XRP token issuer Ripple Labs is applying for permission from Irish regulators to join the European market. Ripple has plans to apply for an electronic money license once it secures a virtual asset service provider (VASP) license. According to Ripple’s announcement, the company has already

November 18, 2022 2 mins read

Luna Foundation Guard (LFG) Releases Third-party Audit Report

In order to give complete transparency regarding assets and attempts to repeg TerraUSD (UST), the nonprofit organization Luna Foundation Guard (LFG) that manages the UST algorithmic stablecoin issued a technical audit. LFG seeks to address all claims involving misused money, insiders, holdings cash in other wallets, and monies blocked. A

November 17, 2022 2 mins read

Nearly 500 Million XRP Bought by Whales Post Amicus Brief Grant

After the cryptocurrency exchange Coinbase was granted approval after submitting an amicus brief in favor of the defendants, the price of Ripple’s native token, XRP, spiked. More amicus briefs have now been filed in support of the Summary Judgment motion. Because of this, whales have been increasing their holdings of

November 16, 2022 1 min read

USDC Stablecoin Issuer Circle Introduces Support For Apple Pay

Circle, the issuer of the USDC stablecoin pegged to the US dollar, has introduced support for Apple Pay in an effort to bring the crypto and conventional payment systems closer together. In a blog post published on November 15th, Circle made the news and projected that it may increase sales

November 16, 2022 2 mins read

Federal Reserve Bank of New York Launches CBDC Pilot Program

The dilemma around cryptocurrency is increasing, and the use of Central Bank Digital Currency “CBDC” is surging on more countries’ soil. To weigh this, New York has now been added to the list of the famed states that have been launching CBDCs. The Innovation Center of the Federal Reserve Bank

November 16, 2022 1 min read

Ripple Rises Payment Options to Africa Alongside Us Regulatory Pressure

Ripple has teamed with MFS Africa, a leading fintech company with the largest mobile money reach in Africa, to streamline real-time mobile payments for its consumers across 35 nations. To facilitate transactions on its platform, MFS Africa will leverage Ripple’s on-demand liquidity product ODL, which uses XRP to support international

November 16, 2022 1 min read