A warrant for the arrest of Do Kwon and five others has reportedly been issued by prosecutors in South Korea. The prosecutors allege that Kwon and his co-accused violated the country’s capital markets law. In addition to the arrest warrant, prosecutors will reportedly request an Interpol red notice for the Terraform Labs chief executive officer. Terraform Labs Executives Accused of…
In brief Ethereum’s merge to an environmentally friendly proof-of-stake model is set to take place late tonight. The Ethereum Foundation will host a livestream featuring builders and content creators. The Ethereum merge is the biggest thing happening in crypto right now, and for our U.S. readers, it’s happening late tonight—currently targeted for around 10 p.m. PT on the West Coast,…
As with many things in life, events are not siloed. When any type of event or action occurs, planned or unplanned, it causes changes and reactions to surrounding components. Think of a stone thrown into a pond creating ripples in the water while also altering the aquatic environment below the surface. This school of thought can also be applied to…
Ethereum classic rebounded on Wednesday, following three consecutive days of declines. The token dropped below $40.00 earlier this week, and continues to trade below this level ahead of tomorrow’s merge event. On the other hand, Solana remained lower, with prices falling by over 8% today. Ethereum Classic (ETC) Ethereum classic (ETC) rebounded on Wednesday, following three straight days of lower…
Disgraced cryptocurrency lender Celsius Network asked a court this month to return assets to its “custody clients,” but not to its “earn-and-borrow” customers. Wondering how to keep yourself in the former group when the crypto exchange you’re using goes under? Here’s a summary. What exactly is a “custody client?” It’s similar in principle to a savings account with a traditional…
Bitcoin (BTC) market behavior is not yet “synonymous” with previous bear market bottoms, one of the leading crypto analysts argues. In a Twitter thread on Sep. 14, statistician Willy Woo, creator of data resource Woobull, offered three examples of why BTC/USD should still have further to fall. Despite many calling a new macro price bottom during June’s trip to $17,600,…
With less than 24 hours until Ethereum (ETH) undergoes its long-awaited merge, the price of the second-largest cryptocurrency by market cap is hardly making any noise. As data from CoinMarketCap shows, ETH is down 0.27% in the last day, trading hands at just over $1,600 at press time. The asset hit a daily high of $1,626 before dropping to $1,564…
Binance’s smart contract blockchain platform BNB Chain has partnered with Google Cloud to bolster Web3 and blockchain startups. Startups that are currently building products and services on the BNB Chain blockchain will also be able to build on Google Cloud’s scalable, secure and open source infrastructure. This will see over 1,300 active, BNB Chain-based decentralized applications (DApps) from the world…
Russian companies may start transacting in cryptocurrency with partners abroad as early as next year and will be free to pick the coin they want to use, officials in Moscow have indicated. The sanctioned country is preparing to legalize foreign trade settlements with digital assets and this could happen in the coming months. Russian Government Poised to Greenlight International Transactions…
In Part 1, we detailed three of the different kinds of crypto OGs you might meet at an industry party. They were: (1) shadowy super coders and/or anon founders, (2) “reputable” and respected OG industry leaders like Vitalik Buterin and Brian Armstrong, and (3) the comeback OGs, who were trying to shake off the stink of a failed project. This…
