South Korean prosecutors have summoned Terraform Labs employees for a thorough investigation, local reports say. They also want to investigate whether Do Kwon manipulated prices. These new investigations are taking place as Terra tries to revive itself with a new blockchain. South Korean authorities have begun a thorough investigation of...
Coinbase is facing an SEC investigation over its cryptocurrency listings, according to a Bloomberg report. The report claims that the SEC is investigating whether the exchange lets users trade assets that should have first been registered as securities. The exchange recently filed a petition to the SEC asking for rulemaking...
Crypto War: Libra vs. Venus Earlier this month, Binance made an announcement that caught many with their pants down: the prominent crypto exchange was planning to challenge Libra head-on with its own stablecoin venture, “Venus”. While the project seemed nothing more than a PR trick, the unicorn is serious, and...
Summary: WeChat has warned users in China against using the app to trade cryptocurrencies and NFTs. The warning reiterates China’s government directive to ban crypto trading and mining within its borders. The popular social media platform WeChat has warned its users in China against using the application to facilitate the...
Bitcoin is Back, and Its Back in Style “Isn’t Bitcoin still trading low?” Is what one of my relatives asked me when I first saw him last. According to Martin, my relative isn’t alone in thinking that, as he stated that while there is a “stigma that everyone is underwater”,...
Coinbase Finally Allows NY-Based Users to Use Chainlink Earlier this year, Chainlink proponents were over the moon when Coinbase revealed that it would finally be responding to their requests by adding LINK. Proponents of the projects were so excited, in fact, that the cryptocurrency surged higher by some 30% on...
Summary: Twitter recently started applying for payment licenses in the U.S., the Financial Times reported. Musk charged Esther Crawford to oversee Twitter Payments, the division building technology to bring crypto and fiat payments to the social network. Binance CEO Changpeng opined that Elon’s social media giant should onboard several blockchains...
The Gemini Exchange has cut 10% of its workforce. The Winklevoss brothers said that it was because of recent market conditions. Other exchanges are also executing layoffs or pausing growth plans. Gemini Trust is beginning to experience the effects of the recent market crash as the Winklevoss Twins-led company cut...
Quick take: The team at Weiss Ratings has warned that the IOTA project risks running out of cash. Furthermore, Weiss believes there is no use case of IOTA’s Tangle network. With crypto communities ditching projects, IOTA (MIOTA) could fall by the wayside. The team at Weiss Ratings has provided an...
Summary: Tether’s CTO, Paolo Ardoino, has identified a coordinated attack on USDT by traditional hedge funds shorting the stablecoin. According to Mr. Ardoino, the attack involves a new wave of FUD, trolling, clowns, and more. Mr. Ardoino has reiterated that Tether is 100% backed by reserves. He also added that...
You may not know it, but Singapore has a budding cryptocurrency sector. In fact, the wealthy city-state has gone as far as to invest in Binance through its sovereign wealth fund, back blockchain incubator and media outlet Longhash, and propose a specific tax exemption for digital assets. Singapore, a Crypto...
BitMEX co-founder Arthur Hayes has high hopes for Ethereum, saying that competitors like Solana would not beat it. Hayes is bullish on Ethereum because of the amount of development going on in its ecosystem, which he says is more important than transactions per second or lower gas fees. Ethereum does...
