The Prosecutor’s Office had asked the Seoul Southern District Court to detain Shin Hyun-seung, a co-founder of the defunct firm Terraform Labs, in pre-trial custody, but the court denied the motion. According to reports, he was instrumental in the downfall of the firm’s crypto assets, including Luna and the stablecoin
A $258 billion racketeering lawsuit alleging Elon Musk of creating a pyramid scheme to promote the cryptocurrency Dogecoin was filed against him on March 31. Musk urged a U.S. court to dismiss the case. Lawyers for Musk and his electric vehicle firm Tesla Inc. filed a motion in federal court
In the eighth round of the LUNC burn mechanism, the biggest cryptocurrency exchange in the world, Binance, burned 1.6 billion LUNC tokens. Binance is responsible for 58% of the total LUNC tokens burnt by the Terra Luna Classic community, which is about 52.5 billion. The eighth release of the LUNC
Bitgert is a highly scalable crypto platform for a wide range of Web3 applications like metaverse, NFTs, DeFi, and more. It offers a collection of tools for controlling and protecting digital assets. The Bitgert group has offered some novel approaches that will be widely adopted in the crypto sector. Moreover,
Being the first government to recognize Bitcoin as legal cash, El Salvador has made the bold move of abolishing all taxes on technological advancements. This action is being taken in tandem with the launch of El Salvador’s National Bitcoin Office (ONBTC), or “the Bitcoin office.” Moreover, to combat hyperinflation and
Shiba Inu has been working very hard on many different initiatives and improvements for its user base. The release of Shiba Eternity, its first game, was a smashing success. According to the most up-to-date information, over a million transactions have been performed on Shibarium’s testnet since the introduction of “Puppynet.”
Due to this year’s strong performance of the Bitcoin price, the total cryptocurrency market cap, excluding BTC, has underperformed. The technical indicators for the total crypto market cap are encouraging. TheNewsCrypto looks into some of the most important cryptocurrency predictions for April. Further, altcoins finally catch up to Bitcoin’s pace.
Tron’s Co-founder, Justin Sun, offers a deal to purchase 41,500 BTC which is worth approximately 1.2 billion USD at a 10% discount. The United States government wants to liquidate the bitcoins in a series of four batches this year – forfeited in the Silk Road case. As reported on March
Since the start of 2023, the Hedera (HBAR) network has taken the appropriate actions. Now, other players in the cryptocurrency space are taking notice of its distinctive Hashgraph technology. Hedera coin experienced a significant inflow, and as a result, its price jumped from a range of $0.057 to $0.075, skyrocketing
Terra Classic (LUNC) DeFi platform, Terraport launched after several months of anticipation. The platform is built by the TerraCVitta development group. Terra classic offers LUNC-based Decentralised Exchange (DEX) and a launchpad for Terra Classic Ecosystem. Terraport announced the launch of Terra Classic on its Twitter page on March 31. The
