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,
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
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
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
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
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
Reports surfaced over the weekend that Vitalik Buterin, co-founder of Ethereum (ETH), liquidated a large quantity of ETH tokens. Vitalik’s transactions, according to a wallet tracker, occurred around the time of the major FTX crypto exchange breach. According to MistTrack, Vitalik traded roughly 3,000 ETH for around $4 million USDC.
Among Russian banks, VTB Bank is the first to design a prototype that would let customers utilize the digital equivalent of the country’s fiat currency to fund accounts and make transactions using the bank’s mobile app. The bank’s press service indicated that in 2023, certain customers will be given the
Dogecoin (DOGE) had a little price increase when Tesla CEO Elon Musk mentioned it. In an interesting twist, the new Twitter boss declared “Dogecoin (DOGE) To The Moon” at his Twitter space on Saturday. Musk made the remarks in a Twitter space created by Mario Nawfal, the Founder of the
Shiba Inu (SHIB), the meme token with a Japanese guard dog representation has become the talk of the town again. The dogecoin killer coin was one among the many other altcoins that suffered due to the fall of FTX.com. A few days back, whales shifted off nearly 1.5 trillion SHIB
