Santas and Grinches: The heroes and villains of 2022
Here’s a list of the 12 individuals who had the most impact — for better or worse — on the crypto industry this past year. Go to Source Powered by WPeMatico
Terra
Auto Added by WPeMatico
Rating agencies, not regulators, can rebuild trust in crypto after FTX
Private rating agencies could work better and more quickly than regulators when it comes to reviewing businesses in the cryptocurrency industry. Go to Source Powered by WPeMatico
3 reasons why BNB price risks another 30% decline by January
BNB has entered the breakdown stage of its prevailing ascending triangle pattern alongside some negative fundamentals that can push price further down. Go to Source Powered by WPeMatico
South Korean court freezes $92M in assets related to Terra tokens
The CEO of Terraform Labs’ affiliate firm Kernel Labs reportedly held the largest amount in illegal proceeds from Terra. Go to Source Powered by WPeMatico
Algorithmic stabilization is the key to effective crypto-finance
Crypto needs to move on from the LUNA crash and start trusting algorithmic stablecoins again. Go to Source Powered by WPeMatico
Tron’s Stablecoin USDD Deviates From the $1 Peg, Justin Sun Says Team Deployed More Capital
The Tron-based stablecoin USDD has once again dropped below the $1 parity to a low of $0.969 on Monday, Dec. 12, 2022. Amid the drop in USDD’s value, Tron founder Justin Sun tweeted that his team was “deploying more capital,” and the stablecoin’s web portal usdd.io claims the project is overcollateralized by 200.8% at the … Read more
Former top SEC crypto regulator hired by Caroline Ellison
Ex-Alameda Research head will be represented by Stephanie Avakian and a team of attorneys from WilmerHale. Go to Source Powered by WPeMatico
FTX’s Bankman-Fried to face market manipulation probe, Do Kwon chimes in
As part of a broader inquiry into FTX’s collapse, federal prosecutors are looking at the role that FTX and Alameda may have played in the fall of Terra LUNA. Go to Source Powered by WPeMatico
Japan recommends against algorithmic backing in stablecoins
The potential legal status of the Japanese Financial Service Agency’s recommendation is not clear as the current legislation is silent on algorithmic stablecoins. Go to Source Powered by WPeMatico
South Korean judge dismisses arrest warrants for Terra co-founder Do Kwon’s former associates
Judge Hong Jin-Pyo reportedly said there was little risk of Shin Hyun-seong or other Terra associates destroying evidence related to the case against the platform. Go to Source Powered by WPeMatico
