TerraForm Labs CEO Do Kwon denied reports that South Korean prosecutors have frozen another $39.6 million worth of his crypto assets after it was reported by Korean outlet News1. “Once again, I don’t even use KuCoin and OkEx, have no time to trade, no funds have been frozen,” he wrote. “I don’t know whose funds they’ve frozen, but good for…
After months of investigation without any single arrest and the main offender on the run teasing the enforcers on Twitter, South Korean police have reportedly captured the first person involved in the Terra blockchain ecosystem collapse. The news about the arrest of Yoo Mo, the head of the business team of Terraform Labs, appeared in Korean media on Nov. 6,…
The South Korean Ministry of Foreign Affairs announced yesterday that the passport of Terra’s Do Kwon would be canceled in 14 days. The Ministry also ordered that the passport be returned to authorities. The statement read, “if you [Kwon] keep the passport, the validity of your passport will be invalidated (administratively invalidation).” Kwon, if he chooses not to surrender his…
The Egyptian pound recently became the latest currency from the African continent to see its value versus the greenback slump to a record low. The pound’s fall came amidst reports suggesting the Egyptian government is hoping to strike a loan deal with the International Monetary Fund (IMF) within a month or two. Egyptian Pound Still Overvalued The Egyptian pound has…
This is a transcribed excerpt of the “Bitcoin Magazine Podcast,” hosted by P and Q. In this episode, they are joined by Marathon Digital Holdings CEO Fred Thiel to talk about what it’s like to be a publicly traded bitcoin miner during the bear market and what moves bitcoin miners can make to better secure their future while navigating bear…
Senior commodity strategist at Bloomberg Intelligence, Mike McGlone, stated October has historically been the best month for Bitcoin (BTC) since 2014, averaging gains of about 20% for the month, and that commodities appearing to peak could imply that Bitcoin has reached its bottom. In an Oct. 5 Bloomberg Crypto Outlook report, McGlone says while the rise of interest rates globally is…
The Bank of Namibia recently said it has brought virtual assets and virtual asset service providers under its fintech innovations regulatory framework, and that it plans to amend applicable laws and regulations. According to the central bank’s governor, there is an ongoing “battle between regulated and unregulated money on the one hand and sovereign versus non-sovereign money on the other.”…
Barring another change of heart and certain conditions to be met, Elon Musk’s acquisition of Twitter looks set to go ahead, prompting the question of whether some or all of the changes he initially hinted for the platform will become a reality. The platform is a popular communication and news tool for crypto enthusiasts, users and investors, not to mention…
Connecticut-based advisory firm Tuttle Capital Management has submitted a preliminary prospectus filing with the U.S. Securities and Exchange Commission (SEC) for two new exchange traded funds (ETFs) centered around betting against the investment tips from Jim Cramer. Cramer is the host of CNBC’s Mad Money, and has become a popular meme in the crypto and stock community, who believe he…
On Wednesday, the team behind the blockchain game Splinterlands announced that it reached a new milestone after the project sold more than 10 million packs from the fantasy-themed battle game’s Chaos Legion series of cards. The achievement follows the project’s recent partnership with the Major League Soccer Players Association and Warner Music Group. Play-to-Earn Game Splinterlands Sells More Than 10…
