former developer Terraform Labs Mr. Lee testified on Monday: Dohyung Kwon According to local media, the company’s co-founder Hyunseung Shin promoted the TerraUSD stablecoin as a potential payment option to investors despite knowing that local regulations prohibited such an offer.This testimony came from the Witness Examiner and the Chosun Ilbo in the third trial of eight former Terraform Labs members, including Mr. Shin. reported. Former developer Lee’s name has not been released due to South Korea’s privacy regulations. next a disastrous collapse In connection with the 2022 Terra-Luna cryptocurrency project, South Korean prosecutors charged Kwon, Shin, and Terraform Labs with…
Author: Crypto Flexs
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January 2024 saw a six-fold increase in the amount of losses from web3 hackers, who continue to exploit loopholes in smart contract code used in cryptocurrency and DeFi protocols. Hackers stole more than $126 million last month through multiple attacks on decentralized finance platforms, according to AMLBot co-founder and CEO Slava Demchuk. The incidents primarily stemmed from a small number of vulnerabilities, ranging from multi-signature wallet compromises to lending attack vectors, Demchuk added. One of the biggest hacks in January was Orbit Bridge, a cross-chain protocol that cost malicious actors $80 million. Ozys, the South Korean company that provides the…
According to mainstream media reports: NFT Dead, but the owner Cryptopunk NFT says it wanted to prove them wrong by taking out a seven-figure loan for one of the company’s rarest assets. Profile picture (PFP) Collection.“It’s been four or five months here. article rolling stone He said NFTs have no value.” collector and entrepreneur Gmoney said today. Rug Radio’s live “FOMO Hour” show. “So I thought, ‘If I can get a million-dollar loan against an NFT, what better way to show that it’s worthless?’Gmoney is an anonymous founder and CEO. Connected fashion brand 9dccis known in the cryptocurrency world as…
Bitcoin price is consolidating above the $42,250 support area. If BTC clears the $43,000 and $43,400 resistance levels, it could begin a significant increase. Bitcoin price again failed to break the $43,400 resistance level and corrected to the downside. The price is trading below $43,000 and the 100-hour simple moving average. The hourly chart of the BTC/USD pair (data feed from Kraken) shows a major upward channel forming with support at $42,400. If there is a clear move below the $42,250 support, the pair may continue to decline. Bitcoin price maintains support Bitcoin price made another attempt to clear the…
Polygon (MATIC) traded near $0.78 on Monday as the Ethereum scaling solution moves closer to its Etrog upgrade. MATIC could break above $1 if the bulls hold key levels or retest the important support area at $0.5. Polygon (MATIC) price traded near $0.78 on Monday as the Ethereum scaling solution moves closer to the Etrog mainnet upgrade. The altcoin, which rose above $0.79 as trading volume surged 20%, was one of the few cryptocurrencies in the top 20 by market capitalization as Bitcoin retreated below $43,000 to reflect the decline in U.S. stocks. Polygon’s MATIC outlook on Etrog upgrade Last…
Chainlink has had very positive social sentiment scores over the past few weeks. It was unclear whether LINK bulls would be able to sustain this rally. Chainlink (LINK) recorded a 24% gain over the past week. A Santiment post on 📊 #Cryptocurrency Despite a -20.3% decrease in trading volume compared to the previous week, the market capitalization rose slightly by +0.5% over the past week. Highlight assets included $FLR, $RON, $LINK, $TAOand $RNDR. #Bitcoin Interest continues to wane as the snow turns to pumping. #altcoin. pic.twitter.com/jMvJSTdV7c — Santiment (@santimentfeed) February 5, 2024 According to a recent AMBCrypto report, stablecoin inflows…
Wazdan is rolling out the red carpet for lovebirds and jackpot chasers with its February promotion, Love the Jackpot! Basically, Cupid exchanges his arrows for cash equivalent to the value of the prize pool. $1,250,000 – That’s the vibe.at February 5-25You can find the perfect partner in your favorite Wazdan games or go speed dating in some games that have a Valentine’s Day makeover. reward? Random cash drops that will blow your mind, not unlike when Rose put Jack on the Titanic. Who needs chocolates and flowers when Wazdan hits the jackpot with your name on it? give me some…
Ahead of a congressional hearing on Tuesday, U.S. Treasury Secretary Janet Yellen testified that she would highlight the risks associated with cryptocurrency platforms and stablecoins and urge Congress to pass legislation.Yellen, who leads the Financial Stability Oversight Council, a group of federal financial regulators that monitors the stability of the financial system, is scheduled to go before the House Financial Services Committee on Tuesday to discuss the committee’s latest annual report. Previously referred to the now-bankrupt FTX as “Lehman The “moment on cryptocurrencies,” which references the collapse of Lehman Brothers, the financial firm that precipitated the 2008 financial crisis, will…
Taraxa launches $10 million grant program for blockDAG ecosystem – Chainwire housenewsroomTaraxa launches $10 million grant program for blockDAG ecosystem We use cookies to make your experience on Chainwire’s website better. Cookies help us give you a more personalized experience, relevant advertising and provide us with web analytics. Technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service expressly requested by the subscriber or user or for the sole purpose of carrying out the transmission of communications over an electronic communications network. Technical storage or access is necessary for…
That theory might help explain what’s happening in Hong Kong. The city has taken very public steps to establish itself as a city. Digital Asset Hub If not Asia, then the world. Hong Kong and China operate under “one country, two systems,” and Hong Kong’s relatively welcoming stance on cryptocurrencies has received some approval from Beijing. Allowing cryptocurrencies to thrive in Hong Kong, if not on the mainland, is a way for China to remain in the game while mitigating risks.