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” Terra co-founder Do Kwon faces $57-million lawsuit in Singapore “ Do Kwon, the co-founder of Terraform Labs who may be facing legal actions in South Korea and the United States, is the target of a lawsuit in Singapore along with the Luna Foundation Guard (LFG) and Terra founding member Nicholas Platias. In a lawsuit…
” CFTC commissioner compares crypto contagion risk to 2008 financial crisis “ Commodity Futures Trading Commission’s (CFTC) Christy Goldsmith Romero has pointed to the collapse of the Terra ecosystem and its flow-on effects as an example of how contagion risks within crypto markets are similar to those experienced by the traditional financial (TradFi) system during…
” DeFi Pioneer Echoes SBF in Call for Tighter Crypto Regulations “ Respected former decentralized finance (DeFi) project founder and developer Andre Cronje has resurfaced after a lengthy hiatus to call for tighter regulations on the crypto sector amid the implosion of multiple firms this year. The comments echo similar sentiments to that of FTX…
” Key witness called to testify at Terra parliamentary inquiry is a no-show “ The CEO of venture capital firm Hashed and early Terra (LUNC) investor Kim Seo-joon has cited “extreme stress” following the Terra crash as the reason for his no-show at South Korea’s National Assembly’s Political Affairs Committee. Seo-joon was one of six…
” How long will the bear market last? Signs to watch for a crypto market reversal “ The current crypto bear market has induced panic, fear and uncertainty in investors. The dire situation started when the global crypto market capitalization dropped below the $2 trillion mark in January 2022. Since then, the price of Bitcoin…
” Customer support staff swamped during market swings — exchange execs “ If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites. For forums sites go to Forum.BuradaBiliyorum.Com If you want to read more News articles, you…
” US DOC agency NIST explores security, safety, trust of stablecoins “ If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites. For forums sites go to Forum.BuradaBiliyorum.Com If you want to read more News articles, you…
” South Korean judge dismisses warrant for individual involved in Terra collapse: Report “ If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites. For forums sites go to Forum.BuradaBiliyorum.Com If you want to read more News…
” Binance burns $1.8M in LUNC trading fees following community proposal “ Cryptocurrency exchange Binance has announced it completed the first burn of Terra Classic tokens’ trading fees in response to a community proposal from September. In an Oct. 3 update, Binance CEO Changpeng Zhao said the exchange had burned roughly $1.8 million worth of…
” Terra could leave a similar regulatory legacy to that of Facebook’s Libra “ New draft legislation on stablecoins in the United States House of Representatives proposed to impose a two-year ban on new algorithmically pegged stablecoins like TerraUSD (UST). The proposed legislation would require the Department of the Treasury to conduct a study of…