In the ever-evolving landscape of cryptocurrency, few events have stirred up controversy quite like the downfall of TerraUSD (UST) and its associated token, Luna. Central to this upheaval is Do Kwon, the co-founder of Terraform Labs and a figure now facing a whirlwind of legal challenges following the catastrophic failure of his stablecoin in May
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The cryptocurrency market has been anything but stable, with Bitcoin showcasing a tumultuous trading session following the Federal Reserve’s last meeting of the year. On Christmas Eve, Bitcoin’s price skyrocketed past the $99,000 mark, a significant rebound from a turbulent decline that saw it drop over $16,000 within just a few days. This series of
Richard Schueler, commonly recognized in the crypto sphere as Richard Heart, has found himself embroiled in a legal predicament that has driven him to the forefront of international scrutiny. Recently, a Red Notice was initiated by Interpol, at the behest of Finnish authorities. This notice should be understood as a formal alert to global law
The digital asset investment landscape has been anything but stable recently. During the past week, the sector witnessed a remarkable inflow, amassing $308 million into various digital asset investment products. However, this positive news was largely eclipsed by a staggering outflow of $576 million on December 19th, suggesting a volatile environment that investors are grappling
The recent shift in the perception of cryptocurrency within political administration underscores its growing significance in the global economy. According to influential figures like Jim Cramer, conversations about crypto have made their way to the highest echelons of U.S. government. Comparing cryptocurrencies to fundamental resources like the strategic petroleum reserve highlights how essential these digital
In a bold move to enhance its position in the rapidly evolving digital asset space, corporate Bitcoin investor MicroStrategy has called for a Special Meeting of Shareholders. The purpose of this virtual gathering? To deliberate on pivotal proposals that aim to expedite the company’s comprehensive Bitcoin-focused strategy dubbed the 21/21 Plan. This plan is designed
The cryptocurrency market is notorious for its volatility, and XRP has recently epitomized this trait. Just days ago, XRP experienced a dramatic decline, plummeting from a high of $2.60 to a precarious position below $2. This sharp drop has raised questions among traders about the asset’s sustainability and future potential. However, post-decline, XRP has found
Ripple’s XRP has experienced a tumultuous ride in recent weeks, characterized by sharp declines and intriguing recoveries. Initially, the cryptocurrency soared above $2.50 but soon faced a rapid downturn, dropping to below $2 within a mere three days. As of now, XRP has managed to stabilize around $2.25, which still reflects a significant decline of
In recent years, Bitcoin has transitioned from a speculative asset largely held by retail investors to a significant element in the portfolios of institutional investors. This shift marks not only the increasing legitimacy of cryptocurrency in traditional finance but also highlights the changing demographics of Bitcoin holders. Currently, institutional investors represent about 31% of all
In the ever-shifting landscape of cryptocurrency, Bitcoin continues to be a focal point of investor attention. Following a notable 9.8% decline in its value over the past week, many investors are exhibiting hesitance regarding their positions in the market. This downturn raises apprehensions about further price drops, leading to a cautious approach among traders and