The National Institute of Standards and Technology (NIST) found that the top five coins that retained their peg represented 87 % of the total top 20 market capitalization. The National Institute of Standards and Technology (NIST), a non-regulatory agency of the United States Department of Commerce, released an initial public draft highlighting the various security…
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“No funds have been frozen,” claims Terra founder Do Kwon in response to reports that some $67m of his crypto has been seized by prosecutors. Kwon has been far less active on Twitter since the now-infamous collapse of the Terra / LUNA ecosystem. The crash fixed the eyes of the authorities firmly on Terra and…
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Do Kwon who has an Interpol notice and an arrest warrant against his name has not been cooperative with the investigation agencies. South Korea’s Ministry of Foreign Affairs on Wednesday issued an order for Terraform Labs CEO Do Kwon to surrender his passport. The fugitive co-founder must hand over his Korean passport to authorities within…
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According to the crypto exchange, the burn was the equivalent of 1,863,213.47 USDT — roughly 5.5 million LUNC. 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…
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Vincent Chok is the CEO of First Digital Trust, a Hong Kong-based technology-driven financial institution powering the digital asset industry and servicing financial technology innovators including blockchain clients, payments companies, and virtual banks.__________… Read More: The Post-Terra Era: Incentivising Innovation and Longevity Through Regulation Read more »Sign up for e-EUR – the progressive stablecoin
Victims of the collapse of the Terra ecosytem, which wiped out over $60 billion of investors’ funds, have been speaking up and calling for Do Kwon and entities related to him to be brought to justice. In a Twitter thread, ‘FatManTerra,’ a pseudonymous finance investor who has been providing updates on the Terra situation, shared…
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A spokesperson for the company behind Terra said it believes prosecutors heeled to public pressure and expanded the definition of a security after its associated cryptocurrencies collapsed. Terraform Labs, the company behind the development of the Terra blockchain said South Korea’s case against its co-founder Do Kwon has become political, alleging prosecutors expanded the definition of…
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The commissioner said the potential of blockchain and cryptocurrency to change existing markets necessitates a new retail investor protection office similar to that of the SEC. Commodity Futures Trading Commissioner (CFTC) Caroline Pham has proposed the creation of an “Office of the Retail Advocate” aimed at expanding the CFTC’s consumer protection mandate. Pham referred to…
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Do Kwon and other Terraform Labs executives may still be “on the run” – but South Korean lawmakers have announced they want to question the Terraform co-founder Daniel Shin and other individuals linked with the Terra ecosystem…. Read More: MPs to Question Terra Co-founder Daniel Shin Amid Ongoing Investigation Read more »Sign up for e-EUR…
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The latest discovery in the long-drawn Terra ecosystem saga contradicts many of Do Kwon’s early claims. South Korean authorities have requested crypto exchange OKX and Kucoin to freeze 3,313 Bitcoin (BTC) reportedly tied to Do Kwon, the co-founder of Terra blockchain developer Terraform Labs. Kwon, who is currently on the run from the Korean authorities…
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