Terraform Labs and its co-founder, Do Kwon, are facing a significant legal battle in Singapore. The High Court has rejected their attempt to dismiss a class-action lawsuit, which accuses them of fraudulent misrepresentation in promoting the terraUSD (UST) stablecoin. The lawsuit was initiated by 375 claimants who allege losses of $57 million. Terraform Labs’ lawyers […]
Terraform Labs and its co-founder, Do Kwon, are facing a significant legal battle in Singapore. The High Court has rejected their attempt to dismiss a class-action lawsuit, which accuses them of fraudulent misrepresentation in promoting the terraUSD (UST) stablecoin. The lawsuit was initiated by 375 claimants who allege losses of $57 million. Terraform Labs’ lawyers […]
Hashdex, a crypto asset management company, has submitted a revised proposal for a Bitcoin Spot ETF to the United States Securities and Exchange Commission (SEC). The company plans to combine Spot Bitcoin with its Bitcoin Futures ETF and change the ticker to a Hashdex Bitcoin ETF. Hashdex has also announced a partnership between Teucrium Trading […]
Hashdex, a crypto asset management company, has submitted a revised proposal for a Bitcoin Spot ETF to the United States Securities and Exchange Commission (SEC). The company plans to combine Spot Bitcoin with its Bitcoin Futures ETF and change the ticker to a Hashdex Bitcoin ETF. Hashdex has also announced a partnership between Teucrium Trading […]
Do Kwon, the co-founder and CEO of Terraform Labs, has experienced a turbulent financial journey. During the peak of Terra Luna’s success, Kwon’s net worth was estimated to be in the billions, thanks to the high valuation of the LUNA token and the Terra ecosystem. However, this prosperity was short-lived. The collapse of Terra Luna […]
Do Kwon, the co-founder and CEO of Terraform Labs, has experienced a turbulent financial journey. During the peak of Terra Luna’s success, Kwon’s net worth was estimated to be in the billions, thanks to the high valuation of the LUNA token and the Terra ecosystem. However, this prosperity was short-lived. The collapse of Terra Luna […]
Both in Germany and Switzerland, various crypto announcements have been observed in recent months. Two weeks ago, Commerzbank became the first universal bank in Germany to receive the custody license from the financial supervisory authority. Deutsche Bank and DZ Bank, the larger competitors, have also submitted applications to BaFin and plan to launch their offerings […]
Both in Germany and Switzerland, various crypto announcements have been observed in recent months. Two weeks ago, Commerzbank became the first universal bank in Germany to receive the custody license from the financial supervisory authority. Deutsche Bank and DZ Bank, the larger competitors, have also submitted applications to BaFin and plan to launch their offerings […]
Singapore-based cryptocurrency exchange Binance allegedly tipped off select high-value traders about an impending settlement with the U.S. Department of Justice (DOJ) during a VIP event in September. According to Bloomberg, company representatives suggested that Binance would likely pay around $4 billion to settle its legal troubles and survive. Binance has disputed these claims but declined […]
Singapore-based cryptocurrency exchange Binance allegedly tipped off select high-value traders about an impending settlement with the U.S. Department of Justice (DOJ) during a VIP event in September. According to Bloomberg, company representatives suggested that Binance would likely pay around $4 billion to settle its legal troubles and survive. Binance has disputed these claims but declined […]
