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Terraform Labs CEO Do Kwon is unlikely to face criminal charges in the U.S. over the collapse of cryptocurrency terra (LUNA) and stablecoin terrausd (UST), according to legal experts. They explained that civil charges are more likely, including lawsuits by cryptocurrency investors. Do Kwon Unlikely to Face Criminal Charges The recent collapse of cryptocurrency terra … Read more
In the emerging decentralized Web3 economy, NFTs will enable creators to connect with and serve clients in brand new ways. Go to Source Powered by WPeMatico
Global investment bank Goldman Sachs’ president and chief operating officer has warned of unprecedented economic shocks and tougher times ahead. His statement echoes JPMorgan CEO Jamie Dimon’s warning that a “hurricane” is coming our way. Goldman Sachs President’s Warning About the U.S. Economy Goldman Sachs President and Chief Operating Officer John Waldron shared his outlook … Read more
As Ethereum’s transition to proof-of-stake (PoS) gets closer and the network’s hashrate taps another all-time high, the Ethereum 2.0 contract is close to nearing 13 million ether worth $22.6 billion using today’s ether exchange rates. Moreover, according to a decentralized finance (defi) educator, the $22.6 billion worth of ethereum that continues to grow won’t be … Read more
As digital currency prices have slid significantly in value during the past few months, the bear market cycle is starting to take its toll on the crypto industry’s workforce. On June 2, Gemini’s co-founders the Winklevoss brothers revealed the company would lay off 10% of its employees. The same day, one of the Middle East’s … Read more
SOL price still faces headwinds from its Bitcoin correlation, macro risks as well as Solana’s downtimes. Go to Source Powered by WPeMatico
The bearish BTC price targets keep mounting amid concerns over “distribution” of coins by long-term holders. Go to Source Powered by WPeMatico
The incoming governor of the Czech National Bank (CNB), Aleš Michl, has said he plans to increase the institution’s gold holdings almost tenfold from the current 11 tonnes to 100 tonnes. Michl also said he will ask the bank’s foreign exchange reserves management team to invest in stocks. Growing the CNB’s Shareholding The incoming governor … Read more
Given how dull the broader cryptocurrency market has been, it appears like everyone is coming to grips that we are indeed entering the crypto winter. The king Cryptocurrency has been stuck between the $28k to $32k range for a while now, with no additional change. As a result, the entire Crypto market remains speculative and … Read more
