The move is to ensure Terraform employees are available for the ongoing investigation of the crash of the blockchain's LUNA and UST tokens.
Joshua Henslee released a video sharing his thoughts on why a second major crash in the digital currency sector is happening and why he thinks we’re entering a longer-term bear market.
The U.S. securities regulator has sent a letter of inquiry to an unnamed major exchange requiring information on how it protects its users from insider trading on its network.
If a decentralized stablecoin can crash and take billions of digital currency market capitalization due to "fear," it is hard to imagine what a centralized stablecoin crash could do to the industry.
Over 2,000 investors have signed up for the lawsuit, which accuses Binance of employing a market strategy of misleading as many investors as quickly as possible.
Five of the country's top exchanges, including Upbit, Bithumb, Coinone, Korbit, and Gopax, have agreed to form a joint council to work on investor protection rules autonomously.
The DFS says the guidance should act as the baseline set of requirements that companies within New York State that have either issued, or would like to issue, dollar-backed stablecoins must follow.
CoinGeek's Chief Bitcoin Historian Kurt Wuckert Jr. recently joined Rob Kientz on Gold Silver Pros to talk about Bitcoin, the digital currency markets, regulations, stablecoins, and much more.
The Digital Assets Committee is an initiative of the ruling People's Power Party as it intends to reorganize and broaden the Special Committee on Virtual Assets created in May as an emergency response to Terra's UST and LUNA tokens' crash.
Her Majesty's Treasury stated that it recognizes the potential of stablecoins to drive innovation, but noted that they pose a threat to financial stability should systemic failures occur.
As authorities in South Korea investigate Do Kwon and Terraform Labs due to the LUNA/UST implosion, major exchanges like Kraken, FTX, and Binance listed LUNA2 without a second thought.