Crypto news

Terra creator Do Kwon, who is facing severe scrutiny, recently slammed “misinformation” floating in the media and downplayed serious charges by South Korean authorities as well as Interpol. The famed Terra whistleblower, FatMan, has now weighed in on the controversial figure’s statements made a few days prior on Laura Shin’s Unchained podcast. Kwon said he is sorry, but the anonymous sleuth believes a verbal apology doesn’t do anything. FatMan Weighs In FatMan strongly...

On October 20, the International Criminal Police Organization (Interpol) announced the launch of the first metaverse. The organization unveiled the news during the 90th anniversary of its General Assembly in India. According to the release, the Interpol metaverse allows users worldwide to access Interpol’s headquarters in Lyon, France. Visitors to the metaverse will be able to explore and interact with other officers through their own avatars, taking classes or private police...

Binance US – the American subsidiary of the world’s largest crypto exchange – appointed the former FBI agent BJ Kang as its first Head of Investigations.  In this role, he will aim to ensure maximum customer protection by “partnering closely” with regulators and law enforcement agents.  ‘The Most Feared Man on Wall Street’ Joins Binance US According to a recent announcement, BJ Kang will use his rich experience to identify illicit criminal activities related to...

South Korean Prosecutors have confirmed that Do Kwon might have fled Singapore as he was believed to be in hiding there. In a text message on Thursday, reported by Bloomberg, they said reports suggesting that Kown flew to Dubai for a possible stopover before escaping to an unknown destination are “not false.” Hunt for Do Kwon  Kwon left South Korea in April, and certain reports suggested he was in Singapore until the arrest warrant was issued against him. His family and key...

Gavin Wood – creator of Polkadot and co-founder of Ethereum – has exited his leadership position from the network’s major infrastructure provider, Parity Technologies. However, he will still remain closely involved with the company.  Though he will no longer be CEO, Wood will remain Parity’s majority shareholder, and will transition into a new role as its “Chief Architect.” “The role of CEO has never been one which I have coveted,” said Wood in a statement about the...

It seems Do Kwon cannot catch a break. After being tied to one of the most embarrassing fiascos to ever occur within the confines of the crypto space (the collapse of Terra Luna, an algorithmic stable currency), authorities in South Korea have issued a warrant for his arrest as well as many other executives or staff members thought to have been involved in the currency’s death. Now, it looks like all his crypto assets are being frozen. They Keep Pursuing Do Kwon...

The cryptocurrency market went through little volatility over the past seven days and is currently found almost where it was this time last week. The sentiment remains overly fearful as global inflation woes and economic unrest settle in. Starting with Bitcoin, it lost roughly 1.8% in the past seven days, going through almost no volatility whatsoever. The cryptocurrency attempted a break above the critical level of $20,000 but to no avail. It was quickly rejected by the...

Per the announcement, entries to participate in the buildathon will continue until January 9 2023, and the submissions will be judged by a panel of NFT and metaverse veterans.Renovi, a metaverse marketplace, and design studio has launched the first Non-Fungible Token (NFT) Buildathon in partnership with Aftermath Islands Metaverse Limited. As contained in a Press Release shared with Coinspeaker, the buildathon, dubbed the Next Top Metaverse Build will enable artists, architects, and entrants...

Besides its political differences and leanings from China, Hong Kong is also seeking to create a different path for itself when it comes to its administration and regulation of digital currencies and the emerging Web3 world.Hong Kong, the special administrative city of China is pushing for new reforms that will position it as one of the most forward-thinking crypto-positive regions in the world. In one of its latest moves as affirmed by Elizabeth Wong, head of the fintech unit at the...

Cross-platform, cloud-based instant messaging service Telegram has announced that it will auction usernames on TON.According to reports, Telegram plans to auction usernames on The Open Network (TON) blockchain. This decision comes two months after Telegram founder Pavel Durov first floated the idea. A message on an official channel belonging to the dual-headquartered platform read that “a few weeks ago, the founder and CEO of Telegram announced the upcoming ability to buy and sell unique and...