South Korean prosecutors have reportedly requested Interpol intervene in their case against Terra co-founder Do Kwon by issuing a “Red Notice” — suggesting global law enforcement agencies may attempt to find and detain him. According to a Monday report from the Financial Times, the Seoul Southern District prosecutors’ office said it had “begun the procedure” …
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Incentives are important, which is one of economics’ many timeless teachings. The institutional rules of the game should be set up in such a way as to reward collaboration and discourage bad behavior if we want individuals to respect them rather than take advantage of one another. This obvious realization is taught in every Econ …
What are NFTs? Non-fungible tokens (NFTs) are unique cryptographic tokens linking ownership to a piece of art or collectibles. This ranges from art, music, videos, gaming items, and much more. In 2021, the concept of NFT became widespread in the cryptocurrency community, with NFT sales jumping from $825 million in 2020 to $17.7 billion in …
Summary: The U.S. Securities and Exchange Commission has charged Ian Balina, CEO of Token Metrics Balina is accused of conducting an initial coin offering for the Sparkster (SPRK) token in 2018. The watchdog insists that the $30 million ICO was unregistered and in violation of the Securities Acts. SEC prosecutors have targeted several crypto participants …
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Often an overlooked part of the cryptocurrency market, stablecoins can be used to determine the current state of the market. Stablecoin balance on exchanges represents “dry powder,” or idle liquidity that can become a strong driving force in the market. The total stablecoin balance on exchanges has only recently become a significant factor in the …
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The U.K. Financial Conduct Authority (FCA) said FTX operates within the country without authorization, the Financial Times reported on Sept 19. According to the FCA, those using FTX “will not have access to the Financial Ombudsman Service or be protected by the Financial Services Compensation Scheme (FSCS), so you are unlikely to get your money …
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Australian liberal senator Andrew Bragg released a draft bill to provide regulation of stablecoins, digital asset exchanges, and disclosure requirements for the Chinese CBDC, e-Yuan, on Sept. 19. The draft bill, titled “Digital Assets (Market Regulation) Bill 2022”, welcomes stakeholder consultation before its clearance on Oct. 31. Braggs explained that Australia is falling behind the …
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The Ronin bridge, an Ethereum sidechain designed to facilitate the growth of the Axie Infinity universe, has had a mountain to climb following its major exploit in April, which led to hundreds of millions of dollars being stolen by hackers. A report from Nansen Alpha exclusively shared with CryptoSlate identified the state of the ecosystem …
The case between the U.S. SEC and Ripple Labs could finally end after both parties filed for summary judgment. According to motions filed before the U.S. District Court of the Southern District of New York, the two parties are asking the court to give a summary judgment based on the evidence and arguments already presented. Summary …
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Ethereum classic fell to a two-month low to start the week, as prices in the cryptocurrency market continue to decline. Uniswap also slipped to a multi-month low on Monday, as the token hit its weakest level since July. As of writing, the global crypto market cap is down 5.08% Ethereum Classic (ETC) Ethereum classic (ETC) …
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The price of bitcoin has dropped 72.9% in USD value since the crypto asset’s all-time high ten months ago and recently, bitcoin’s been trading for just under $19K per unit. This week two prominent crypto market influencers have been discussing how governments could suppress bitcoin markets by shorting the crypto asset. However, one of the …
On Monday, bitcoin fell to its lowest level since June, as sentiment in cryptocurrency markets remains bearish. The token has fallen lower in consecutive sessions following last week’s U.S. inflation report, and the fall comes ahead of the upcoming U.S. Federal Open Market Committee meeting. Ethereum was also down, hitting a multi-month low of its …
Argentine inflation numbers were revealed last week, with the interannual Consumer Price Index (CPI) registering record levels reaching 78.5%. This puts the country second only to Venezuela in Latam in terms of high inflation, with prices rising almost 8% during August, hitting the pockets of Argentines. According to a survey by Bitso, this has caused …
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Cardano (ADA) co-creator Charles Hoskinson says that the next three to six months look really good for the smart contract platform. In a new video update, Hoskinson tells his 315,000 YouTube subscribers that all systems are go for Cardano’s Vasil hard fork upgrade, which is slated to launch this week. “We don’t anticipate there will …
Ripple Labs, along with its top executives Brad Garlinghouse and Chris Larsen, has filed for summary judgment in the nearly two-year-long dispute over XRP. The U.S. Securities and Exchange Commission (SEC) sued Ripple in late 2020 under allegations that it issued XRP as an unregistered security. In law, when one party files for a summary …
