The SEC accused Kwon and his company of misleading investors about the stability of their so-called “algorithmic stablecoin” Terra USD.
A jury has found that the co-founder of Terraform Labs, Do Hyeong Kwon, misled investors and was found liable for civil fraud, according to multiple reports. Deliberations began Friday afternoon after both sides made closing arguments in the morning, according to reporting from Coinage. The trial went on for two weeks. The Securities and Exchange […]
The company in February got permission from a New York bankruptcy court to sell approximately 36 million shares of Grayscale’s Bitcoin Trust.
Will Foxley’s doc about a small Texas town’s embrace of a new mining facility paints a more positive story about Bitcoin’s impact on rural communities than typically reported.
NEW YORK – Lawyers for the U.S. Securities and Exchange Commission (SEC) rested their case against Terraform Labs and its co-founder, Do Kwon, on Friday, releasing a New York jury to decide whether Kwon and his company are liable for allegedly misleading investors about the stability of Terra USD (UST) and its integration with a Korean mobile payments app.
The much stronger-than-expected inflows into the spot bitcoin exchange-traded funds (ETFs) have already caused concerns about a supply shock in the bitcoin market, potentially taking away some of the impacts of the halving.
Galaxy Trading created a $620 million fund to buy up the discounted SOL from the FTX estate, Bloomberg reports.
Citadel, Citi, Goldman Sachs and UBS were revealed to be authorized participants of BlackRock’s spot bitcoin ETF in a new regulatory filing. They join firms such as Jane Street Capital and JPMorgan.
The proposal, initially introduced in February, could harden Ethereum’s native cryptocurrency, ether, as as a form of money – by reducing the inflation of new supply. But some members of the community say if it’s not broke, don’t fix it.
The CFPB has set its sights on crypto-focused gaming in its report warning of scams among video games and virtual worlds.
