After the US SEC filed a complaint against the crypto behemoth Binance.US last week for allegedly breaking federal securities laws, Reuters reports that massive layoffs have taken place at the company. Reuters cites sources saying that since the lawsuit was filed, at least 50 workers have lost their jobs at
Nearly a year after filing for Chapter 11 bankruptcy, cryptocurrency brokerage Voyager Digital is getting ready to restore its app and enable users to finally withdraw their funds. In a court filing dated June 14, Paul Hage, administrator of Voyager’s bankruptcy plan, stated that the withdrawal period would begin between
The U.S. Securities and Exchange Commission (SEC) swiftly initiated the crypto crackdown trapping the top crypto behemoths, Binance and Coinbase, in succession. The charges leveled allege that 67 cryptocurrencies offered by them and other industry players qualify as ‘unregistered securities.’ 67 Cryptocurrencies Tagged As “Securities” Recently, in the current lawsuit,
A new class action lawsuit has been filed against Jump Trading, alleging that the company manipulated the price of the algorithmic stablecoin UST by buying large amounts of the token in an effort to drive its value closer to $1 while concealing this fact from investors. According to the class
The South Korean Court has decided that Terra Classic (LUNC), the rebranded native token of the Terra network that spectacularly collapsed last year, is not a security. Apparently, the Seoul Southern District Court found once again on February 16 that “it is difficult to see LUNC as a financial investment
The decision by a South Korean district court that Terraform Labs’ native token, luna, is not a security has significant implications for the company and the wider cryptocurrency industry. The ruling comes after previous court discussions where authorities were on the fence about whether the Capital Markets Act applied to
The Montenegro authorities have charged Do Kwon, the founder of Terraform Labs, with indictment after his recent arrest in Montenegro. Last month, authorities in Montenegro arrested Do Kwon and Han Chang-Joon, the Chief Financial Officer (CFO) of collapsed Terraform Labs, on charges of forgery. Following their arrest, a request for
In order to remove the intervention of third-party services to buy, sell, or trade for transaction validation, cryptocurrencies are born. Since 2008, the crypto market is evolving to a position of aiming for a $5.15B global estimation in the year 2023. Soon in 2030, it is predicted to be doubled by
Terra Classic is an altcoin founded by Do Kwon and Daniel Shin in the year 2018. There are over 30,411,802.611 TERRA (aka LUNC) staked at the current market value which is approximately $0.0001232. 🚨BREAKING There is currently over $1,000,000+ worth of $TERRA Staked right now at the current price! Let’s
South Korean regulator, Seoul Southern District Prosecutor’s Office, succeeded in recovering 210 billion won, worth $160 million at press time, from 8 suspects of the Terra Luna collapse. Reportedly, the authorities seized properties that were “unfair profits” earned by the Terraform Labs co-founder Shin Hyun-Seong also known as Daniel Shin
