Terra, Do Kwon, and several associated entities are facing a new lawsuit, with complaints similar to previous lawsuits. The lawsuit has been filed against several entities associated with the Terra ecosystem. Meanwhile, authorities in South Korea are conducting a thorough investigation of Terraform. Terra’s legal woes continue to mount as a new class action lawsuit …
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Singapore-based crypto exchange Zipmex said it had obtained a memorandum of understanding from an unnamed party interested in buying the company. 📢 Important Announcement 📢Our conversations with various interested parties have progressed significantly. One of those parties has offered terms in an MOU which includes confidentiality obligations so as to be able to commence Due …
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Struggling crypto lender Voyager Digital rejected FTX’s offer to buy all its assets and refund customers in a July 24 letter due to it being a “low-ball” offer that may “hurt customers.” FTX’s liquidity offer for Voyager’s customers On July 22, FTX submitted a joint proposal that would have seen it provide liquidity for customers …
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Cryptocurrencies can be a good alternative to conventional settlement processes because they are underpinned by blockchain technology which enables the instant finalization of transactions without the involvement of intermediaries, a new report has said. Some players in the cross-border money transfer industry perceive the blockchain and cryptocurrencies as technologies that can enhance remittance processes. Cryptocurrencies …
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A team of South Korean prosecutors recently raided the home of Terraform Labs co-founder Shin Hyun-seong. During an earlier raid that targeted 15 places, including seven cryptocurrency exchanges, the prosecutors reportedly secured terra transaction data. Seven Cryptocurrency Exchanges Targeted South Korean prosecutors investigating the spectacular collapse of Terra’s LUNA cryptocurrency reportedly raided the home of …
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The head of the Bank of Central African States (BCAS), Herve Ndoba, has told the regional central bank’s board that it must create a common digital currency which will be used by six countries belonging to the Central African Monetary Union (CAMU). Ndoba reportedly wants the BCAS to establish a common legal framework for regulating …
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Bastyon is a social platform that combines elements of Youtube, Twitter and Torrent; it is closing in on half a million users and growing fast. Bastyon is built on the premise that social media should be Web 3.0, decentralized with an open-source code, distributed node infrastructure and no corporate entity to control it, like the …
A new Bitcoin wallet has amassed a massive crypto fortune after collecting more than $3 billion worth of BTC in less than one week. Data from BitInfoCharts reveals that the whale address has gobbled up 132,877 BTC, worth about $3 billion at time of writing, in just three days – between July 19th and July …
Bitcoin (BTC) enters a new week with a question mark over the fate of the market ahead of another key United States monetary policy decision. After sealing a successful weekly close — its highest since mid-June — BTC/USD is much more cautious as the Federal Reserve prepares to hike benchmark interest rates to fight inflation. …
The University of Tokyo, also known as Todai is set to offer a range of study programs later this year that will take place in the Metaverse. According to a Saturday report from the local news outlet The Asahi Shimbun, the courses will be offered to students ranging from high school to adult learners in the …
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Virtual reality (VR) will eventually have a place within the Metaverse, but not for the foreseeable future given its slow adoption rates, according to experts. There isn’t much that can rival the experience of having one’s senses almost immersed in a virtual world — which is why many believe that the technology will have a …
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Polkadot Price Prediction – July 24The Polkadot market price keeps range moves within $5 and $10 value lines, running for several weeks until now. Price is trading at a positive percentage rate of 1.23, around $7 as of writing. Polkadot (DOT) Statistics:DOT price now – $7.42DOT market cap – $7.3 billionDOT circulating supply – 987.6 …
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The new crypto assets rely on initial fundraising to get that initial traction. It builds hype and creates a community even before the big crypto exchanges list these crypto assets. That is why the best crypto fundraising platforms don’t only focus on building capital but also on: Building the hype, Creating a community, Attracting feedback, …
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Jupiter Project, an open-source software firm making blockchain accessible to everyone, has successfully launched its non-fungible token (NFTs) collection on ARC’s new NFT marketplace. In a July 25 press release, Jupiter Project confirmed the successful launch of its non-fungible token(NFT) collection dubbed “JUP Apes” on the recently launched ARC($ARC) NFT marketplace. Jupiter has teamed up …
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As the market starts to show signs of recovery, many new crypto coins and some olds are climbing the charts. The top trending crypto coins right now are IBAT (Battle Infinity), BICO (Biconomy), MDT (Measurable Data Token), Synthetix (SNX), FTM (Fantom), MATIC (Polygon), and (LUNC) Terra Classic. These crypto assets started to generate interest last …
