South Korea’s top financial regulators have launched an emergency investigation into the collapse of cryptocurrency LUNA and stablecoin UST. The authorities have asked domestic cryptocurrency exchanges to provide information relating to transactions and investors of the two coins. South Korea’s Emergency Investigation Into LUNA, UST South Korea has launched an “emergency” investigation of domestic crypto exchange operators following the collapse…
The industry-wide unrest generated by Terra’s collapse last week continues to reverberate—this time within the company’s own walls. Terra’s in-house legal team has resigned, a Terraform Labs spokesperson confirmed to Decrypt today. General counsel Marc Goldich, chief corporate counsel Lawrence Florio, and regulatory counsel Noah Axler all left their positions shortly after Terra’s algorithmic stablecoin UST collapsed last week, bringing…
A group of 700 Bitcoiners came together in Miami on the last evening of Bitcoin 2022 for a special “spiritual” gathering and to hear Dr. Jordan Peterson, the internationally-acclaimed psychologist and author of the bestselling “12 Rules for Life” talk about bitcoin and spirituality. Peterson is a favorite in the Bitcoin community and was “one of the most anticipated keynote…
Major Ethereum blockchain analytics platform Nansen continues scaling its operations by acquiring a cross-chain decentralized finance (DeFi) tracker. Nansen has acquired the multi-chain portfolio tracker Ape Board in an eight-figure deal, the firm announced to Cointelegraph on Tuesday. Closing later in May, the acquisition will unite the teams of the two platforms, aiming to combine Nansen’s analytics and Ape Board’s…
United States Commodity Futures Trading Commission (CFTC) commissioner Kristin N. Johnson was named the sponsor of the agency’s Market Risk Advisory Committee (MRAC) on Tuesday. She replaced CFTC chair Rostin Behnam in that role. Johnson was nominated to be a CFTC commissioner by U.S. President Joe Biden in September 2021, at the same time as commissioner Christy Goldsmith Romero and…
A conservative politician in South Korea is calling for hearings to be held into questionable actions carried out by some of the country’s top crypto exchanges during the LUNA crisis, according to a report by NewsPim. Speaking at a plenary meeting of the National Assembly’s Home Affairs committee today, People Power lawmaker Yun Chang-Hyun called for a parliamentary hearing into…
The ongoing saga with Terraform Labs, the blockchain developer behind Terra (LUNA), took a turn following a supposed change in employment status for many on the firm’s legal team. According to their LinkedIn profiles, Terraform Labs general counsel Marc Goldich, chief litigation and regulatory counsel Noah Axler and chief corporate counsel Lawrence Florio have all stopped working for the blockchain…
Watch out, Shutterstock—Getty Images is getting into NFTs. The NFTs—unique blockchain tokens that signify ownership—will be minted on the Palm blockchain, an Ethereum-compatible sidechain. Getty Images will draw from its collection of over 465 million images, including 135 analog photographs, with a focus on turning never-before-seen archival works into NFTs. Primary and secondary sales for the NFTs will occur on…
press release PRESS RELEASE. An emerging NFT company, The Crypto Card Club, has developed an innovative system that aims to recognise and reward investors by merging real-world reward point systems with NFT and Web3 purchases. The groundbreaking service financially rewards holders for their usual NFT spending, attempting to minimise Web3 financial risks and safely help grow investor portfolios. The founder,…
There are early signs of the “dust settling” in the crypto market now that investors believe that the worst of the Terra (LUNA) collapse looks to be over. Viewing Bitcoin’s chart indicates that while the fallout was widespread and quite devastating for altcoins, BTC has actually held up fairly well. Even with the May 12 drop to $26,697 marking the lowest…
