Terra platform’s downfall in May included the collapse of the TerraUSD stablecoin. A court in Seoul issued a warrant for Do Kwon and five others on suspicion. A fresh investigation is going on Terra (LUNA). Today A court in South Korea has issued an arrest warrant for Do Kwon. The
Blockchain networks have long operated as silos (fragmented ecosystems) until the advent of bridging solutions. While a relatively new addition to the crypto market infrastructure, their value proposition in solving the interoperability problem is undeniable. In the earlier years, crypto users were limited to a single ecosystem; one could not
Celsius’s CEO announced that the organization can be renovated. Celsius creditors requested the firm to provide services such as loans, staking, and custody. Celsius CEO Alex Mashinsky announced that the company has been revamping Crypto Custody Services, which went bankrupt in July. Revamping the Firm According to a New York
The wallets developed under the OWF banner are supposed to be flexible. The Foundation backs several open source projects, including Linux, Kubernetes, etc. A new collaborative effort to produce open source software to facilitate interoperability for a broad variety of wallet use cases was launched by the Linux Foundation, and
BitGo, a digital asset custodian, has launched a lawsuit against Galaxy Digital, a cryptocurrency investment business, seeking more than $100 million in damages after Galaxy’s decision to back out of an acquisition deal. BitGo tweeted early this morning that it had filed the lawsuit late Monday. When Galaxy Digital terminated
For the past few days, the largest cryptocurrency, Bitcoin (BTC) is continuously going through a wavy price momentum. Bitcoin has recently reached $22,000, after witnessing a sudden downfall. However, the market dominator has again crashed down with a significant price fall, amid current inflation. At the time of writing, BTC
Banking Institutions have already entered the digital asset market in Australia. CBA was the first bank in the nation to introduce crypto services through its mobile banking app last year. According to Henrik Andersson, CIO of cryptocurrency asset management Apollo Capital, institutions may soon flip on their cautious approach to
The prosecutors are looking into the collapse of LUNA (now LUNC) and UST (now USTC). The judgement by prosecutors would aid legislators in the next crypto legislation. Prosecutors in South Korea have initiated a fresh probe and evaluation of Terra tokens to determine whether or not they qualify as securities.
The upgrade is being released in anticipation of Ethereum’s planned switch. Opera’s standalone Crypto Browser debuted in January of this year. The Opera Crypto Browser is a Web3 browser that was designed to be compatible with many different kinds of decentralized applications (dApps). It currently works with third-party wallets like
As the adoption of cryptocurrency continues to grow, on-ramp and off-ramp solutions become increasingly important. On-ramps enable you to leave the traditional fiat monetary system and enter into the decentralized, blockchain-based finance system. Off-ramps let you leave the decentralized, blockchain finance system and enter into the fiat-based monetary system. On-and-off
