Yonhap says prosecutors are charging Shin with taking illegal profits as he sold $105 million of LUNA at a market high without informing investors. He's also being charged with violating the Electronic Financial Transaction Act for using customer data from Chai, a separate firm he managed, to promote...
Genesis is in talks with creditors and potential investors, Bloomberg News reports. Team Valhalla
ALSO: Sam Reynolds writes that most of Grayscale's digital asset trusts are trading at a deep discount, and that other digital asset trusts that have significant assets are facing the same predicament. Team Valhalla
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The bill, authored by deputy Aureo Ribeiro, establishes a new crime of fraud involving virtual assets, with a penalty of between two and six years plus a fine. It also stipulates the creation of a “virtual service provider” license, which is to be requested by companies, including exchanges...
TBD envisioned Web5, a word that combines Web2 and Web3, to be “a public tool for good” which will be open to everyone and will build the next iteration of the internet. Although, a copyright or trademark of the term, which deters others to use it, seems to...
Crypto prices rise: Bitcoin (BTC) was recently trading up 1.5% to $16,400, while ether (ETH) gained 4.3% to $1,220. Despite major assets rebounding from Monday’s fall, traders are trying to find out “which parts of the cryptoverse are about to break,” Edward Moya, senior market analyst for foreign...