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According to South Korean corporate tax laws, foreign-registered companies are treated as domestic if the decision-making process and operations are carried out from the country. Go to Source Powered by WPeMatico
“Not going away” — Mike Novogratz says that despite being permanently humbled by the recent Terra collapse, the crypto industry will continue to grow. Go to Source Powered by WPeMatico
After an earthquake there are always aftershocks. The collapse of UST could be a sign that other stablecoins are also critically flawed. Go to Source Powered by WPeMatico
Despite the overwhelming approval of the proposal as of Wednesday, many Terra users on social media suggested the network burn its LUNA tokens. Go to Source Powered by WPeMatico
Mike McGlone, senior commodity strategist at Bloomberg, and financial commentator Frances Coppola discuss the implications of last week’s Terra collapse in Cointelegraph’s latest interview. Go to Source Powered by WPeMatico
On-chain data suggests Bitcoin price is discounted, but analysts caution against expecting a rapid recovery. Go to Source Powered by WPeMatico
Many on social media called for legal action against Do Kwon, while others speculated the potential departure of the legal team could have been over concerns about money. Go to Source Powered by WPeMatico
Rep. Yoon Chang-Hyeon noted that Korean exchanges each reacted differently to the crash and he wanted to invite both Do Kwon and the exchanges involved to learn more details. Go to Source Powered by WPeMatico
Since last week’s Terra implosion and the demise of the blockchain project’s native token LUNA — and the algorithmic stablecoin terrausd (UST) — crypto tokens based on the Cosmos ecosystem have seen significant losses. Two months ago, the top Cosmos ecosystem coins collectively were worth $61.6 billion and since then, the Cosmos economy has lost … Read more
The Luna Foundation Guard, the entity in charge of safeguarding the peg of UST, the stablecoin of the Terra ecosystem, has revealed how it used the available Bitcoin reserve before the recent debacle involving the Terra ecosystem. The organization sold part of the bitcoins owned directly, while another part was traded on different dates to … Read more
