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By Vicky Ge Huang and Alexander OsipovichDisgraced crypto tycoon Do Kwon was sentenced to 15 years in prison on Thursday after pleading guilty to fraud in connection with the $40 billion crash of his TerraUSD and Luna coins in 2022.Kwon, who had asked for a sentence of five years, pleaded guilty to âŚ
Bitcoin is seeing renewed optimism of a recovery, as crypto market analysts are eyeing six figures for the cryptocurrency as it gained above $92,000 after a fall to $84,500.âThis is what youâd want to see. [Bitcoin] coming back up again, after a weird move down on the 1st of this month,â MN Fund fouâŚ
Terraform co-founder Do Kwon will plead guilty to wire fraud and conspiracy to defraud, Reuters reports, following a years-long criminal case after the collapse of algorithmic stablecoin Terra USD, which wiped out tens of billions of dollars.Kwon, 33, also told the court that he would be waiving theâŚ
By Caitlin Ostroff, Sam Kessler and Alexander OsipovichDisgraced cryptocurrency tycoon Do Kwon pleaded guilty to two criminal counts of fraud on Tuesday in connection with the $40 billion crash of his TerraUSD and Luna coins in 2022.In exchange for Kwon's plea, federal prosecutors agreed to not seekâŚ
Terraforn Labs co-founder Do Kwon may plead guilty years after U.S. prosecutors charged him with fraud and money laundering.In a scheduling order filed on Monday in the U.S. District Court for the Southern District of New York, Judge Paul Engelmayer wrote that the "Court has been advised that the deâŚ
Google search data shows interest in stablecoins surged to an all-time high this month as regulations were greenlit, stablecoin issuance and supply skyrocketed, and institutions increasingly look to launch their own tokenized fiat equivalents. The previous peak for stablecoin searches was in May 202âŚ
South Koreaâs central bank has halted its digital currency testing project, raising doubts about the countryâs central bank digital currency (CBDC) plans. As reported by Bloomberg, the Bank of Korea (BoK) told the participating banks that it has decided to pause talks on the initiative for now.A QueâŚ
Ethereum co-founder Vitalik Buterin argues itâs Ethereumâs application layer, not its infrastructure layer, where Ethereum needs âgood social philosophyâ the most. The app layer is where developers build decentralized applications on top of Ethereumâs base infrastructure and where they make decisionâŚ
The price of the Mantra (OM) token, the native cryptocurrency of the Mantra real-world tokenized asset blockchain, has collapsed by over 90% in the last 24 hours.On April 13, Mantra fell from a price of approximately $6.3 to below $0.50 and shed over 90% of its $6 billion market cap.Traders are charâŚ
Sonic Labs has canceled plans to launch a US dollar-pegged algorithmic stablecoin, opting instead to develop a United Arab Emirates dirham-denominated alternative.On March 22, Sonic Labs co-founder Andre Cronje said the company was working on a US dollar-pegged algorithmic stablecoin with an annual âŚ
Artificial intelligence agent operating system Up Network and technology firm DreamSmart announced the launch of the worldâs first Web3 AI glasses, which seek to redefine human-machine interactions.The new glasses incorporate AI algorithms, extended reality (XR) capabilities and Web3 incentives, looâŚ
Terra Luna Classic sees growing interest due to its trading volume surge. Token burns and governance updates strengthen expectations for price increases. Continue Reading:Terra Luna Classic Captivates Attention with Rising Trading Volume The post Terra Luna Classic Captivates Attention with Rising TâŚ