Crypto, Terraform scam
Digest more
Cryptocurrency mogul Do Kwon is scheduled to be sentenced for misleading investors who lost billions when his company’s crypto ecosystem collapsed in 2022
Behind the scenes, he had struck deals with trading firms to artificially prop up prices, creating what experts later called "a glorified pyramid scheme."
24/7 Wall St. on MSN
Circle Internet Wins Crypto Bank Charter. Is It a Buy Again?
In a major regulatory win for the cryptocurrency sector, the Office of the Comptroller of the Currency (OCC) has granted conditional approval for Circle Internet Group (NYSE:CRCL) and Ripple to establish new national trust banks.
The suspect in the shooting of UnitedHealthcare CEO Brian Thompson had a cryptocurrency password on him when he was arrested, new evidence revealed.
The $40 billion crash of Kwon’s TerraUSD and Luna coins triggered a cascade of company failures across the crypto sector.
JPMorgan forecasts Bitcoin at $170K by 2026 while meme coins crash 50-80%. Experts also predict Ethereum, Solana, and XRP winners.
The collapse of Terraform Labs was part of a greater deleveraging event in crypto that culminated in the fall of FTX.
Do Kwon, who designed the virtual currencies Luna and TerraUSD, which plunged in 2022, had pleaded guilty to fraud.
In August, Do Kwon pleaded guilty to conspiracy to defraud and wire fraud and apologised for his actions.
Senators are trying to iron out key sticking points in legislation to regulate the cryptocurrency industry in their final working weeks of the year, as they push to
The OCC just provided conditional approval to a broad swath of five different companies that adds diveristy and depth to crypto and stablecoins under federal supervision.
Financial institutions like BlackRock and Fidelity are now giving crypto recommendations too
Feedback