Jurors agreed with the SEC that Kwon and Terraform Labs, under his direction, deceived retail investors about the nature of the algorithm that supposedly pegged UST to the U.S. dollar. Mr. Kwon hinted that “automatic self-healing” was possible in the event of a depeg, but in reality, it relied on continuous trading activities, such as large-scale trading by institutional investors.
Author: Crypto Flexs
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George Town, Cayman Islands, April 5, 2024, Chainwire SimpleSwap is a user-friendly exchange platform specifically designed to make cryptocurrency trading seamless and hassle-free. The service has been on the market for over five years now and continues to surprise customers with clear and profitable encryption solutions. One such tool is the new SimpleSwap loyalty program. It offers many benefits to participants and offers clear terms and conditions, giving them the opportunity to receive bonuses for each completed transaction. BTC Cashback SimpleSwap is all about keeping things easy and allowing customers to get the most out of their services. For this…
MATIC recorded weekly and monthly losses of 12% and 23%, respectively. MATIC whales appeared to be buying the dip at press time. According to CoinMarketCap, MATIC has continued its downward trend over the past 24 hours, losing 2.5% in value. In fact, the 17th largest cryptocurrency plunged more than 12% in a week and 23% in a month, making holders anxious about what will happen next. However, amid the uncertainty and weakness, one analyst noticed a bullish signal emerging on the coin’s daily chart. Is recovery on the cards? Ali Martinez, known for his insightful views on the cryptocurrency market,…
Rune Christensen, co-founder of the Makerdao project, warned Defi Fronted of possible disruptions related to EU-wide virtual requirements to receive an operating license. Christensen said this would slow the EU back to the Stone Age and hinder access to European DeFi for less tech-savvy users. Makerdao co-founder details possible EU-based MiCA disruption(…)
Bitcoin BTC +1.86% They rose along with major stock indexes on Friday after the U.S. jobs report suggested the domestic economy was strong. However, the report also raised uncertainty about future interest rate cuts.The world’s largest cryptocurrency by market capitalization rose 1% over the past 24 hours to $68,450 at 10:55 a.m. ET, according to The Block’s pricing page. Stocks rebounded early in U.S. trading hours on Friday as traders assessed the March jobs report. This follows Thursday’s worst session on Wall Street in months. The S&P 500 rose 0.6%, and the Dow Jones Industrial Average rose 107 points, or…
Recently, famous trader Peter Brandt voice Criticism has been aimed squarely at Ethereum (ETH), the second-largest cryptocurrency by market capitalization, in a blunt assessment, calling it a “junk coin.” Ethereum faces criticism Peter Brandt, known for his insight into financial markets, did not spare an attack when he criticized Ethereum, claiming that it lacks the essential characteristics needed for long-term success. His remarks highlighted ETH’s weaknesses as a store of value and its difficulties with Layer 2 solutions and high gas costs, which he believes are factors in its inferiority compared to Bitcoin. To support his claim, Brandt posted an…
The recent cryptocurrency bull market has died down as many investors took profits and waited for the next catalyst. Bitcoin The price retreated from an all-time high of $73,000 to $67,000. Likewise, Ethereum tokens plummeted from over $4,000 to $3,320. As a result, the total market capitalization of all digital coins fell from nearly $3 trillion to $2.6 trillion. Despite these difficulties, bitbot The strong performance continued, with token sales jumping to over $2 million. Why the cryptocurrency bull market disappeared There are two main reasons why the cryptocurrency bull market has died down over the past few weeks. First,…
April 5th Part 5: Bitcoin Innovation and Fee Structure Post time: 14:43h education by admin “The total circulating supply will be 21,000,000 coins. When a block is created, it is distributed to network nodes, and the amount is halved every four years. First 4 years: 10,500,000 coins Next 4 years: 5,250,000 coins Next 4 years: 2,625,000 coins Next 4 years: 1,312,500 coins etc… Once that runs out, the system can support transaction fees if needed. It is based on open market competition and there will always be nodes willing to process transactions, probably for free.” — Satoshi Nakamoto How will…
Policy • April 5, 2024, 12:16 PM EDT Posted 1 minute ago In ~ Montenegro’s Supreme Court overturned a lower court’s decision regarding the extradition of Terraform Labs co-founder Kwon Do-hyun to the United States or South Korea. Mr. Kwon’s extradition continued for several months. The Supreme Court said the law requires the Minister of Justice, not the courts, to make the decision. press release On Friday. This came after Mr. Kwon was appointed. guided After arriving in Korea last month, the court overturned the decision and appeals from former executives followed. Mr. Kwon is facing criminal charges in the…
Who could have predicted the rapid rise? BlockDAG (BDAG), a fast-growing star in the blockchain world? With presales soaring past $13.2 million following the launch of the latest V2 technology whitepaper, BlockDAG has not only surpassed eTukTuk presales, but also surpassed Bittensor’s optimistic price predictions. To celebrate this unparalleled success, BlockDAG took over the iconic Las Vegas Sphere with a massive display that captured the essence of innovation and triumph. As all of this unfolds against a busy backdrop of ongoing pre-sales of eTuk Tuk and feverish speculation surrounding the future of Bittensor, it becomes clear that BlockDAG is not…