Singapore-based Terraform Labs and its founder Do Kwon have reportedly reached a preliminary settlement with the U.S. Securities and Exchange Commission (SEC) after being accused of misleading cryptocurrency investors before the 2022 collapse of terrausd (UST), the project’s now-defunct algorithmic stablecoin. According to a court filing, the settlement terms are currently undisclosed and the alleged […] Source: https://news.bitcoin.com/terraform-labs-do-kwon-reach-preliminary-settlement-with-sec/
Month: May 2024
Citadel-backed Hidden Road halts ByBit access for clients
Hidden Road cited Know Your Customer verification policies and concerns surrounding Anti-Money Laundering regulations on the ByBit exchange. Source: https://cointelegraph.com/news/citadel-backed-hidden-road-halts-bybit-access-clients
Terraform, Do Kwon to reach fraud settlement with SEC
Terraform Labs and CEO Do Kwon are finalizing a settlement with the SEC. Both parties are expected to submit the final terms for court approval by mid-June. Source: https://cointelegraph.com/news/terraform-do-kwon-fraud-settlement-sec
Mastercard Launches “Crypto Credential” to Secure Payments
Mastercard Inc. (NYSE:MA) has launched a new service called “Crypto Credential,” aimed at enhancing the security and ease of peer-to-peer crypto transactions across various European and Latin American countries. This service enables users to create a Mastercard username for sending and receiving Bitcoin and other cryptocurrencies via exchanges such as Bit2Me, Lirium, and Mercado Bitcoin, operating in regions like Brazil,…
Do Kwon and Terraform Labs Settle With SEC Over LUNA, TerraUSD Fraud Charges
Terraform Labs, the Do Kwon-led startup behind the collapsed LUNA cryptocurrency and TerraUSD (UST) stablecoin, has agreed in principle to a settlement with the United States Securities and Exchange Commission (SEC) over fraud charges. News of the tentative settlement was first reported by Reuters. The court listing for the case notes that all parties informed the court of an agreement in…
Iconic Auto Brand DeLorean Partners With Web3 Agency Otherlife to Launch Digital Marketplace
On May 30, the renowned auto brand DeLorean, made famous in the iconic film “Back to the Future,” revealed a collaboration with Web3 creative agency Otherlife, a branch of Moonpay. Together, they aim to launch a groundbreaking marketplace where DeLorean enthusiasts can purchase, sell, and exchange vehicle reservation build slots. Web3 Agency Otherlife and Auto […] Source: https://news.bitcoin.com/iconic-auto-brand-delorean-partners-with-web3-agency-otherlife-to-launch-digital-marketplace/
Bitcoin Meme Coins Surge as DOG’s 85% Jump Calms Fears That ‘Runes Are Dead’
We do the research, you get the alpha! Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game! Go to Alpha Reports The emerging market of Bitcoin-based meme coins showed signs of life Thursday, as the price of several so-called Runes tokens increased—all while the value of memetic…
Crypto voters have already influenced the 2024 presidential election
Crypto voters have become a new battleground for the 2024 presidential election, in a bipartisan shift that has taken Washington by surprise. Source: https://cointelegraph.com/magazine/crypto-voters-are-already-affecting-the-2024-presidential-election/
PEPE whale up nearly $5M on investment within a month
The memecoin whale made an over 52% return on its initial investment within a month, despite Pepe’s price falling over 17% from its all-time high. Source: https://cointelegraph.com/news/pepe-whale-up-5m-within-month
Pudgy Penguins Mobile Game Coming to Mythos Chain on Polkadot
Ethereum NFT brand Pudgy Penguins has expanded from tokenized profile pictures (PFPs) to plush toys in major retailers and beyond—and next it’ll enter the mobile gaming world via a new collaboration with publisher Mythical Games. Billed as a “AAA” mobile game, the Pudgy Penguins title is set to debut in 2025 on the Mythos Chain, a Polkadot-based gaming network that…