Upbit Operator Faces Scrutiny Over Affiliate’s 2020 USD 103M LUNA Sale
South Korean crypto exchanges are now in the firing line as the terra (LUNA) crash fallout continues to sow the seeds of chaos in the domestic crypto industry. Dunamu, the…
South Korean Regulators to Inspect Companies Linked to Terraform
South Korea’s financial regulators are planning to launch onsite inspections into domestic companies that have a business relationship with Terraform Labs – and particularly those that have made use of…
More Crypto Regulation Incoming in South Korea Following Terra Collapse, Gov’t Indicates
More regulatory scrutiny could be incoming for the crypto sector in South Korea in the wake of the terra (LUNA) and terraUSD (UST) crash – with exchanges set to come…
Do Kwon’s New Terra Revival Plan Fights for Support as Trust Challenge Remains
Another Terra (LUNA) ecosystem revival plan by Terraform Labs (TFL) CEO and Co-founder Do Kwon seems to have the support of at least some Terra developers, while trust issues still…
Ethereum Leads in Web3, but Multiple Winners Possible – a16z Report
Ethereum (ETH), the second most valuable blockchain network in the world, still dominates the Web3 landscape due to its early start, although other blockchains such as Solana (SOL) are trying…
Legal Storm Brewing for Terra’s Do Kwon & Co as ‘Hundreds’ of Investors Ready Complaints
Another headache appears to be incoming for Do Kwon (full name Kwon Do-hyeong) and his company Terraform Labs – with investors in South Korea ready to wage a legal battle…
Coinbase Bets On ‘Enterprise-Grade’ Liquid Staking Business
Major US-based crypto exchange is backing the development of the "first-ever" enterprise-grade liquid staking protocol, bringing know-your-customer (KYC) checks to the world of decentralized finance (DeFi). According to an announcement…
Ethereum Needs to Pass These Three Tests Before Migrating to PoS
The path to fully transitioning from the current Ethereum (ETH) Mainnet to the beacon chain proof-of-stake (PoS) system, a process also referred to as The Merge, is now clearly in…
Renowned Luxury Brand Gucci to Accept Bitcoin, Ethereum Payments in the US
Italian luxury brand Gucci will accept crypto payments across five flagship stores in the US by the end of the month and aims to expand the pilot to include all…
Bitcoin Drops Below USD 36K, Ethereum Down 9%, Altcoins Keep Sliding
Bitcoin price is gaining bearish momentum below USD 36,000. Ethereum declined 9%, XRP might extend losses below USD 0.58. SOL and ADA increased losses. Bitcoin price started a strong decline…
