Cryptocoins News / Blockchain - 2 years ago
After millions of new retail traders entered the crypto market in 2021, 2022 started with a downturn, auguring fears of a bear market. With concurrent inflation fears and rising interest rates, trading activity has slowed from previous record levels...
by COINS NEWS - 2 years ago
TLDR:
South Korean prosecutors raided the home of Terraform Labs co-founder Daniel Shin, deepening a probe into allegations of illegal activity behind the collapsed stablecoin TerraUSD.
A series of raids on crypto-exchanges and offices on Wednesday...
Cryptocoins News / Blockchain - 2 years ago
South Korean regulators have reportedly raided serval exchanges and entities that are connected with Terraform Labs as another effort in the ongoing investigation of the case.
According to a report from local news channels News1 Korea, officers of...
Bitcoin News / Bitcoinist - 2 years ago
The South Korean cryptocurrency ecosystem is still experiencing issues because of the Terraform Labs probe. According to reports, the nation’s authorities advanced the probe on Wednesday with their most recent actions. The investigation into th...
Cryptocoins News / The Cointelegraph - 2 years ago
Prosecutors in South Korea behind the investigation of Terraform Labs have reportedly executed a search and seizure in 15 firms, including seven crypto exchanges.
According to a Wednesday report from News1 Korea, the Joint Financial and Securities C...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary:
Investigations into Terra’s collapse continue with fresh efforts from local authorities.
South Korean prosecutors raided seven exchanges on Wednesday as part of a probe into the matter.
Documents and transaction records from the offices o...
by COINS NEWS - 2 years ago
I'm talking percentage of their overall wealth.
When Terra Luna collapsed and then subsequently Celsius went bankrupt the sheer amount of posts and comments talking about losing all their savings was startling. People putting hundreds of thousands o...
Cryptocoins News / Blockchain - 2 years ago
Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS) has corrected the misconception about how some of the most distressing crypto firms are linked to Singapore. Menon indicated that crypto entities like Terraform Labs, the...
Cryptocoins News / The Cointelegraph - 2 years ago
Ravi Menon, the managing director of the Monetary Authority of Singapore, or MAS, said companies often labeled by the media in connection to the recent market volatility as “Singapore-based” were not representative of the country’s approach to crypt...
Bitcoin News / Bitcoinist - 2 years ago
tldr; Authorities in South Korea have connected a new crypto entity called “Flexe” to Terra and Do Kwon, according to local Korean news outlet KBS News. Prosecutors claim that the company, known as FLEXE Corporation, facilitated the movement of mone...
Bitcoin News / Bitcoinist - 2 years ago
The collapse of algorithmic Terra USD has created many setbacks and distortion in the broader crypto space. The outcome could only be better imagined for most projects running on the platform.
Lots of the projects got a direct impact from the stablec...
Cryptocoins News / The Cointelegraph - 2 years ago
The European Central Bank (ECB) has released a report analyzing the growth of the cryptocurrency market over the past decade and the risks it poses to the existing financial system.
A section of the report dedicated to stablecoins discussed the cent...
Cryptocoins News / Blockchain - 2 years ago
Over 48 projects that used to run on the Terra blockchain have been jointly migrated to the Polygon ecosystem, including the well-known Lunaverse (LUV) Metaverse platform, OnePlanet NFT marketplace, and Derby Stars play-to-earn (P2E) games.
Polygon...
Cryptocoins News / The Cointelegraph - 2 years ago
More than 48 different crypto projects formerly based on the failed Terra ecosystem have found a resurgence by migrating over to Polygon.
Polygon Studios CEO Ryan Wyatt expressed delight at his network’s ability to onboard many projects to the ecos...
Cryptocoins News / EthereumWorldNews - 2 years ago
Summary:
Crypto and NFT projects that once called Terra home have started to migrate to the Polygon Network (MATIC).
According to Polygon Studios CEO, 48 projects have started the migration, including the OnePlanet NFT marketplace and Derby Stars...
Bitcoin News / Google News Bitcoin - 2 years ago
Bitcoin BTC and cryptocurrency prices have struggled to maintain momentum after rallying through the first week of July, partly due to some surprisingly bullish data.
Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully n...
Cryptocoins News / The Cointelegraph - 2 years ago
Stablecoins were supposed to be the boring uncle of the crypto world — safe, sensible and dull. They’re probably not what Satoshi Nakamoto had in mind, but they’re supposed to be a reassuring haven of calm and utility away from the turbulence of pur...
Bitcoin News / Google News Bitcoin - 2 years ago
Bitcoin BTC and cryptocurrency prices are struggling after crashing back in recent months following the collapse of the algorithmic stablecoin terraUSD and its support coin luna—sparking some wild crypto price predictions.
Subscribe now to Forbes'...
Cryptocoins News / The Cointelegraph - 2 years ago
The two nations have agreed to share their investigation data on the ongoing crypto-related cases including Terra Luna. South Korean justice minister Han Dong-hoon wa...
Cryptocoins News / The Cointelegraph - 2 years ago
South Korean justice minister Han Dong-hoon was in New York recently to discuss various ways in which the two nations can corporate on investigations associated with financial crimes, especially crypto-related crimes.
Hoon met with Securities and Co...
Bitcoin News / Bitcoin.com - 2 years ago
After the downfall of the two most popular crypto assets on the Terra blockchain, the digital currencies terrausd (UST) and luna classic (LUNC) increased a great deal in value against the U.S. dollar in recent times. During the last seven days, LUNC...