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Terraform Labs Accuses South Korean Officials of Prosecutorial Overreach: WSJ

Singapore-based company Terraform Labs has stated that South Korean prosecutors exceeded the limits of their authority regarding the arrest warrant against the firm’s co-founder, Do Kwon. Terraform Labs also said…

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Bitcoin Dumped Sharply After Retesting $20K: Crypto Markets Shed $60B (Market Watch)

The price of bitcoin headed straight south after briefly exceeding $20,000 on the highest trading volumes recorded for the past several months. The alternative coins, which were riding high yesterday,…

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China Cracks Down a $5.6 Billion Crypto Money-Laundering Scheme (Report)

Law enforcement agents from Hengyang (a city in the southern Chinese province Hunan) have reportedly busted a criminal group that employed cryptocurrencies to launder 40 billion yuan (approximately $5.6 billion).…

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