• The US Justice Department is investigating the collapse of the TerraUSD stablecoin and its creator Do Kwon for potentially criminal behavior. • Last month, the SEC filed charges against Kwon for misleading investors in a multibillion-dollar scam. • Interpol has issued a Red Notice for Kwon, alerting global law enforcement agencies to his whereabouts. …
Do Kwon Facing US Justice Dept. Probe Over TerraUSD Collapse Read More »
• Ripple Labs is currently involved in a court case with the SEC, and some XRP supporters have speculated that Judge Analisa Torres, who is in charge of the case, may be part of the “deep state.” • John E. Deaton, a respected XRP community attorney representing 75,000 XRP investors with an amicus brief, has …
Ripple’s Attorney Refutes Deep State Theory in SEC Case Read More »
• Hong Kong’s Securities and Futures Commission (SFC) has taken a new approach to regulating the crypto industry. • This could attract more capital to digital assets in the ecosystem, positioning Asia at the forefront of the next digital asset revolution. • Asian exchanges have benefited most from 2021 bull run, but have lagged behind …
Crypto in Asia: HK SFC Takes New Approach to Open Doors for Trading Read More »
• Hartvigsen has used the on-chain analysis tools to examine the altcoin holdings of the 20 largest crypto funds. • Jump Trading is identified as the largest crypto VC with a total balance of $3.8 billion, mainly in Ethereum ($3.25 billion). • Wintermute and Paradigma follow in second and third place respectively, with their largest …
Jump Trading Leads Crypto VCs with $3.8B in Ethereum Read More »
• LocalBitcoins, a popular peer-to-peer crypto trading platform, has announced the discontinuation of its service. • The company cited the persistent downside pressure in the crypto market as a cause of their decision. • Users still have access to their funds and wallets, but only to withdraw them; this service will be maintained for one …
LocalBitcoins Closes After 10 Years: Time to Withdraw Funds! Read More »
• In February 2021, Tesla announced its intention to sell cars using Bitcoin and invested $1.5 billion in the cryptocurrency. • By autumn of that year, the price of Bitcoin had reached historic highs of around $70,000. • However, by early 2023, Bitcoin’s value had dropped significantly and Tesla recorded a gross impairment loss of …
Tesla Loses $204 Million on Bitcoin Investment: Is a Rebound Possible? Read More »
• Microsoft confirmed its plan to invest millions of dollars in Open AI, a company behind popular AI programs. • A study from Trading Browser revealed that there are 10 cryptocurrencies that have gained a lot of attention from users. • As Bitcoin prices rise, and with Microsoft’s multi-billion dollar investment, the crypto AI sector …
Microsoft’s Multi-Billion Dollar Investment: Crypto AI Sector is a Must-Watch in 2021 Read More »
• TokenUnlock, a platform that uses on-chain data to track vested tokens, issued a 2022 annual report showing 15 tokens (XRP, Filecoin, Optimism, Chainlink, BitDao, ApeCoin, STEPN, Hedera, Axie Infinity, dYdX, ENS, Kadena, Curve DAO, PancakeSwap, and GALA) account for over 75% of the total illiquid tokens. • Of the top 15 largest estimated unlocks, …
15 Cryptos Worth Over $40 Billion Locked Up, XRP Leads the Way Read More »
– RBI Governor Shaktikanta Das has expressed his intention to get rid of crypto through an outright ban, as he considers it to be a form of gambling. – Das believes that crypto cannot be considered a financial product and must be treated like “gambling activities.” – The RBI has taken a lead over other …
RBI Governor Plans to Ban Crypto as Gambling Activity Read More »
• The United Kingdom is planning to launch its own stablecoin, a digital pound. • This follows the country’s commitment to becoming the world’s crypto hub. • Andrew Griffith, an economic secretary to the UK Treasury, stated that public consultation on the attributes of a digital pound will be launched in the coming weeks. The …
UK to Launch Digital Pound – A Major Step Towards Crypto Adoption Read More »