According to YTN, Terra-Luna Co-Founder Daniel Shin will likely face fraud charges in South Korea. The lawsuit contends that the now-defunct TerraLuna stablecoin, UST, was illegally promoted as a payment method in Korea. The company had been warned...
Matrixport, a crypto asset management firm, is targeting $100 million in funding from investors, according to a Bloomberg report. Some private investors have pledged $50 million toward the financing, but it has yet to be finalized. Matrixport will...
The citizens of the Netherlands protested yesterday at the House of Representatives against the launch of the Euro CBDC (central bank digital currency). A video was shared showing protesters with placards exercising their civil rights. Some of them...
Consensys, the blockchain software company behind MetaMask, a decentralized Web3 wallet, has come under fire from its users for updating its privacy policy. The software company updated its policy on November 23rd. The new policy informs MetaMask users...
The crypto market is still very much in a "winter," with prices falling faster than ever. According to CoinMarketCap, the market capitalization is currently $836 billion. Tokens are still struggling to recover from the price decline. However, Ethereum...
Block Earner, a fintech company in Australia, has been sued by the ASIC (Australian Securities and Investments Commission) for selling unlicensed cryptocurrency investment products. On November 23, ASIC issued a statement saying it had initiated legal proceedings against...
Avraham Eisenberg, the trader behind the Mango Market hack, has failed in his attempt to exploit Aave. He tried to manipulate Aave's lending policy by borrowing $40 million in CRV tokens and selling them off, causing the token's...
Consumers are legitimately worried about the financial status of firms and businesses in the aftermath of the collapse of FTX. Changpeng Zhao, CEO of Binance, shared advice with other centralized exchanges on how to maintain a healthy company...
Kenyan legislators have initiated steps to implement cryptocurrency regulation. Yesterday, November 21st, the Capitals Law was amended. The amendments require cryptocurrency owners to provide information about transactions and activities for tax collection purposes. This development was disclosed in...
The interim report for Celsius Network has been released by the independent examiner in the company's bankruptcy case. The report demonstrates that the Celsius network had insufficient accounting for customer funds. Celsius network is one of the largest...
