The company and founder behind cryptocurrencies TerraUSD and Luna have been charged with defrauding investors. The Securities and Exchange Commission (SEC) said in a Thursday (Feb. 16) press release that it has charged Singapore-based Terraform Labs and Do Hyeong Kwon with violating the registration and...
Moody’s is reportedly developing a scoring system — though not a credit rating — for stablecoins. Bloomberg reported Thursday (Jan. 26) that Moody’s will analyze as many as 20 stablecoins, evaluating the attestations on the reserves that back them. It won’t deliver an official credit...
In 2022, the cryptocurrency industry fully entered the mainstream — and almost drowned. The industry enjoyed an auspicious start, coming off of a banner 2021 year that saw record valuations, exciting innovations, and hordes of newly minted paper millionaires, even paper billionaires. Splashy, celebrity-studded, fear-of-missing-out...
Prosecutors are reportedly investigating whether FTX was involved in the collapse of TerraUSD and Luna. The New York Times reported Wednesday (Dec. 7) that U.S. prosecutors in Manhattan are looking into whether FTX Founder Sam Bankman-Fried manipulated the market for the two cryptocurrencies in the...
December 23, 2022
In 2022, the cryptocurrency industry fully entered the mainstream — and almost drowned. The industry enjoyed an auspicious start, coming off of a banner 2021 year that saw record valuations, exciting innovations, and hordes of newly minted paper millionaires, even paper billionaires. Splashy, celebrity-studded, fear-of-missing-out (FOMO)-driven commercials for crypto companies like Coinbase, Crypto.com, eToro and […]
November 03, 2023
The Securities and Exchange Commission (SEC) has reportedly requested a summary ruling in its civil case against Do Kwon, the co-founder of Terraform Labs. The SEC alleges that Kwon and his company engaged in fraudulent activities, offering and selling unregistered securities, Bloomberg reported Friday (Nov. 3). These alleged fraudulent activities have resulted in significant market value losses, with […]
February 16, 2023
The company and founder behind cryptocurrencies TerraUSD and Luna have been charged with defrauding investors. The Securities and Exchange Commission (SEC) said in a Thursday (Feb. 16) press release that...
January 26, 2023
Moody’s is reportedly developing a scoring system — though not a credit rating — for stablecoins. Bloomberg reported Thursday (Jan. 26) that Moody’s will analyze as many as 20 stablecoins,...
December 07, 2022
Prosecutors are reportedly investigating whether FTX was involved in the collapse of TerraUSD and Luna. The New York Times reported Wednesday (Dec. 7) that U.S. prosecutors in Manhattan are looking...
