Auto Added by WPeMatico

South Korean Court Denies Arrest Warrant for Terraform Co-Founder Daniel Shin

A court in South Korea has again denied the arrest warrant for Daniel Shin, a co-founder of Terraform Labs who is being investigated for fraud. Shin has been accused of…

Continue ReadingSouth Korean Court Denies Arrest Warrant for Terraform Co-Founder Daniel Shin

Terra’s branding at MLB opener draws attention from spectators

An attendee shared an image of a Terra banner with the slogan "a decentralized economy needs decentralized money," prominently displayed during Major League Baseball's opening day, as Terra's founder Do…

Continue ReadingTerra’s branding at MLB opener draws attention from spectators

ECB’s Fabio Panetta: Unbacked Cryptos Are a ‘Vehicle for Gambling’ Lacking ‘Intrinsic Value’

Fabio Panetta, part of the Executive Committee of the European Central Bank (ECB), believes that unbacked cryptocurrency assets are vehicles for gambling without intrinsic value, which need to be regulated.…

Continue ReadingECB’s Fabio Panetta: Unbacked Cryptos Are a ‘Vehicle for Gambling’ Lacking ‘Intrinsic Value’

FTT Breaks $1 Support for the First Time Since FTX Collapsed, Token Struggles With Dwindling Trade Volume

Despite FTX’s collapse last month, the trading platform’s crypto token FTT had managed to not plummet all the way down to zero, and surprisingly it hovered below the $2 per…

Continue ReadingFTT Breaks $1 Support for the First Time Since FTX Collapsed, Token Struggles With Dwindling Trade Volume

Terra co-founder Do Kwon hiding out in Serbia, says authorities

South Korean authorities have requested cooperation from the Serbian government in order to bring Kwon back to face charges in South Korea.

Continue ReadingTerra co-founder Do Kwon hiding out in Serbia, says authorities