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Korean exchanges agree on emergency system in case of Terra-style collapse

16.6.2022
Korean exchanges will soon be required to list tokens based on the same guidelines to ensure compliance with local regulations, and make emergency decisions together to prevent another Terra fiasco

Nifty Newsletter: Mastercard to enable direct NFT purchase, NFT floor prices collapse and more

15.6.2022
Last week, Apocalyptic Apes founder Bill Starkov told Cointelegraph that NFT holders can earn millions by licensing their NFTs

Celsius Troubles, UST Collapse Could Have Long-Term Benefits for Crypto, FSInsight Says

15.6.2022
The crypto lender was notorious for promoting risk-free yields on client assets, the report said

Report: South Korean Crypto Exchanges to Create Body to Preempt Another Terra LUNA Type of Collapse

14.6.2022
Five South Korean cryptocurrency exchanges said they intend to create a consultative organization which will help prevent a repeat of a Terra LUNA-style token collapse. The organization is expected to achieve its objectives by applying standards that are endorsed by the crypto exchanges. Screening...

Floor price of popular NFT collections collapse due to bear market

13.6.2022
Not even popular art collectibles could survive the wrath of the market downturn

Lawsuit Accuses Binance US of Selling Unregistered Securities, False Advertising Terra UST as ‘Safe’

13.6.2022
A class-action lawsuit against Binance US has been filed in California that alleges the exchange misled investors and sold unregistered securities to roughly 2,000 plaintiffs. The case was filed by the law firm Roche Freedman LLP, a company known for high-profile crypto lawsuits during the last...

Do Kwon Accused of Cashing out $2.7B Before UST Collapse, Terra Founder Says Allegations Are False

13.6.2022
Terra’s new LUNA 2.0 token has lost 54% in value in the last two weeks, after reaching $11.33 per unit on May 30. Meanwhile, the whistleblower Fatman has accused Terra’s co-founder Do Kwon of cashing out $2.7 billion a few months before the UST de-pegging incident. Kwon, however,...

Kim Dotcom on the ‘Great Reset,’ Strong Russian Ruble Puzzles Economists, and More — Bitcoin.com News Week in Review

12.6.2022
This week, entrepreneur and activist Kim Dotcom said the “U.S. is beyond bankrupt,” and minced no words about a potential “controlled demolition of global markets.” Meanwhile, American economists are interested in the ruble’s strong performance in spite...

US SEC Investigating Do Kwon’s Terraform Labs and UST Collapse: Report

10.6.2022
The U.S. Securities and Exchange Commission (SEC) is reportedly investigating Terraform Labs and the collapse of algorithmic stablecoin terrausd (UST). “SEC enforcement attorneys are investigating whether Terraform Labs broke securities and investment product rules.” SEC Launches...

South Korea Investigates Terra Labs for Alleged Bitcoin Embezzlement Following UST Collapse: Report

9.6.2022
South Korean authorities are investigating Terraform Labs following the implosion of algorithmic stablecoin UST last month

Anchor dev claims he warned Do Kwon over unsustainable 20% interest rate

9.6.2022
Mr. B alleges that the platform was designed to only offer an interest rate of 3.6%, but that changed at the last minute

Kim Dotcom Says ‘US Is Beyond Bankrupt,’ Digital Entrepreneur Predicts a ‘Controlled Demolition of Global Markets’

6.6.2022
On June 5, 2022, the entrepreneur and activist known as Kim Dotcom published a post on Twitter and said it “may be the most important thread” he ever makes concerning a major global collapse. In the thread, Dotcom specifically highlights the American economy and he claims...

Do Kwon Unlikely to Face Criminal Charges in US, Say Legal Experts

5.6.2022
Terraform Labs CEO Do Kwon is unlikely to face criminal charges in the U.S. over the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST), according to legal experts. They explained that civil charges are more likely, including lawsuits by cryptocurrency investors. Do Kwon Unlikely...

Japan Adopts Legislation Establishing Legal Framework for Stablecoins

3.6.2022
The parliament of Japan has approved a draft law tailored to regulate stablecoins in the country and protect investors. The new legislation is among the first to be introduced after the recent collapse of the algorithmic stablecoin terrausd. Law on Stablecoins Approved in Japan in Aftermath of...