Report: South Korean Crypto Exchanges to Create Body to Preempt Another Terra LUNA Type of Collapse

Post Views: 373 Five South Korean cryptocurrency exchanges said they intend to create a consultative organization which will help prevent a repeat of a Terra LUNA-style token collapse. The organization is expected to achieve its objectives by applying standards that are endorsed by the crypto exchanges. As per the report, the five exchanges will initially…

Bitcoin Fraud-Accused South African Radio Presenter Threatens Legal Action

Post Views: 390 Following accusations that he defrauded investors in his bitcoin investment scheme, the South African radio presenter Sebasa Mogale has said he will take legal action against individuals that have reported him to the police. His lawyer insisted that no evidence will be found because Mogale never committed fraud. Sebasa Mogale, the Thobela…

PWC: Majority of Crypto Fund Managers Surveyed Predict Bitcoin Could Reach $100K by Year-End

Post Views: 325 Major financial services firm PWC has conducted a study and found that the majority of crypto fund managers surveyed believe that the price of bitcoin would be between $75K and $100K by the end of this year. PWC, a Big Four accounting firm, published its “4th Annual Global Crypto Hedge…

Co-founder of Argentinian Tech Giant Globant Thinks Companies Should Take Metaverse, NFTs, and Crypto Seriously

Post Views: 315 Guibert Englebienne, co-founder of Globant, an Argentinian software development company, stated that all companies should be aware of what nascent technologies such as crypto, NFTs, and the metaverse are offering. Englebienne explained that these new technologies might disrupt the operations of existing businesses, and that some time might need to be invested…

Tron’s Stablecoin USDD Falls to $0.97, USDC Deployed to Defend the $1 Parity

Post Views: 516 After the Terra UST fallout and the current crypto market volatility, many eyes have been focused on the Tron-based algorithmic stablecoin USDD. On June 13, the crypto asset tron (TRX) dropped significantly in value and Tron’s founder Justin Sun spoke about traders shorting the digital currency. Sun explained that the Tron DAO…

Skybridge Founder Advises How to Survive Crypto Bear Market — ‘We Are in a Bloodbath’

Post Views: 473 Anthony Scaramucci, the founder of Skybridge Capital, a $3.5 billion asset management firm, has some advice for crypto investors on how to survive a bear market and a crypto bloodbath. Skybridge Capital founder Anthony Scaramucci shared his bitcoin outlook and advice on how to survive the crypto market sell-off in an interview…

Lawsuit Accuses Binance US of Selling Unregistered Securities, False Advertising Terra UST as ‘Safe’

Post Views: 260 A class-action lawsuit against Binance US has been filed in California that alleges the exchange misled investors and sold unregistered securities to roughly 2,000 plaintiffs. The case was filed by the law firm Roche Freedman LLP, a company known for high-profile crypto lawsuits during the last few years. The lawsuit accuses Binance…

Crypto Lending Company Blockfi Cuts Staff by 20%

Post Views: 338 On Monday, the cryptocurrency lending company Blockfi announced that “market conditions” have had a “negative impact” on the firm’s business and it will be laying off “roughly 20%” of its staff. The message written by Blockfi co-founders Zac Prince and Flori Marquez follows a slew of well known crypto firms cutting back…