Recently, Terraform Labs found itself in a legal battle with the Securities and Exchange Commission (SEC), culminating in a $4.47 billion settlement related to fraudulent activities surrounding the defunct Terra blockchain. The SEC sought approval from US District Judge Jed Rakoff for a “proposed final consent judgment” involving Terraform and its co-founder, Do Kwon. The
Cryptocurrency
In a recent statement, Terraform Labs CEO Chris Amani revealed that Terra will transition into a community-led project as the company prepares to wind down operations in the wake of a $4.5 billion SEC settlement. Amani emphasized the need for the community to “take over ownership of the chain” moving forward. He expressed confidence that
The native token of Ethena, ENA, has been experiencing a substantial amount of selling pressure in recent weeks. This downward trend in price led to ENA plummeting to $0.73, marking its lowest point since May 20th. The consequences of this sharp decline have been particularly harsh on ENA stakers. The Whale’s Move In a shocking
Prominent crypto analyst Dave the Wave has provided a bullish narrative for Bitcoin, suggesting that the cryptocurrency could rise to as high as $300,000 based on his logarithmic growth channel (LGC) indicator. According to his analysis, BTC’s rally to this unprecedented price level is expected to happen sometime in 2025. This long-term prediction indicates a
The latest release of the US Consumer Price Index (CPI) data sparked a notable surge in Bitcoin and the broader cryptocurrency market. Bitcoin and Ethereum saw gains of 3.4% and 2.43% respectively over the past 24 hours. Despite the uncertainty in the crypto market, with Bitcoin hovering around $70,000 and Ethereum struggling to break $4,000,
Several crypto analysts have shared their insights on the future trajectory of Bitcoin, especially in light of its recent tepid price action following the halving. One analyst, known as CrediBULL Crypto, recently took to social media platform X to predict that Bitcoin would soon rise to $100,000. He suggested that this upward trend would kick
Bitcoin has inspired a myriad of artworks, with the Bull and Bear symbol being a commonly portrayed motif in the world of crypto-inspired art. However, artist VESA took on the challenge of creating something entirely new with BitRam. This piece symbolizes Bitcoin’s relentless and unconfiscatable nature, offering a fresh perspective amidst turbulent societal times. BitRam
The recent integration of BloFin Exchange with the Chainalysis blockchain data platform signifies a major milestone in the world of cryptocurrency trading. This development is not only aimed at bolstering the exchange’s security measures but also at enhancing its compliance capabilities. By implementing the Chainalysis crypto risk solution, BloFin can now monitor cryptocurrency transactions in
As risk assets in the financial sector face mounting vulnerabilities, experts are turning their attention to Bitcoin (BTC) and the potential impact of economic factors on the cryptocurrency. The recent release of stronger-than-expected jobs data by U.S. authorities has cast a shadow over risk assets, including BTC. The concern stems from the possibility that the
The recent surge in the cryptocurrency market has brought about renewed optimism as investment funds experience a historic influx. According to CoinShares, a prominent digital asset manager, the market witnessed a record-breaking $2 billion inflow into crypto funds in just one week. This surge surpassed the entire month of May’s net inflows, marking a significant