According to a report published by AFP, Do Kwon, CEO of Terraform Labs, has been charged with document forgery in Montenegro. Kwon was arrested at the Podgorica airport while traveling with fake documentation. South Korean prosecutors have said the Terra co-founder faces extradition to South Korea.
Montenegro Police’s Account of the BitcoinCEOcryptoexchangeExchangesExtraditionFacesKoreaKwonLabsNewsSouthTerraform Read More
Terraform Labs CEO Do Kwon has been charged with fraud by United States prosecutors in New York, just hours after he was reportedly arrested in Montenegro.The 31-year-old entrepreneur was charged with eight separate counts, including securities fraud, commodities fraud and wire fraud, according to a March 24 report from Bloomberg.Filip ArrestChargesFacesFraudHoursKwonProsecutors Read More
Federal prosecutors in New York charged Terraform Labs founder Do Kwon with fraud hours after he was arrested by police in Montenegro.
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Ethereum's native token, Ether (ETH), continues its multi-month downtrend against Bitcoin (BTC) in March, rising 5.5% versus the latter's 19.5% gains on a month-to-date (MTD) timeframe.Bitcoin overshadows Ethereum amid banking crisisAs of March 23, the ETH/BTC pair was down about 9% month-to-date (MTD) to 0.0633 while staying on course to 6MonthBitcoinETHEthereumFacesLowsPriceRebound Read More
Conflicting data creates the question of how the Fed will react to both rising inflation and failing banks - and whether bitcoin will be a lifeboat.
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“I was having dinner with a developer friend and he mentioned ‘taro,’” said Lightning Labs CEO and co-founder Elizabeth Stark in a declaration in the case. “I knew that taro is a common ingredient used in Latin American, Southeast Asian,and African cuisines, which were three key regions for the growth FacesHaltInfringementInjunctionIssuesJudgeLabsLightningProjectTaroTemporaryTrademark Read More
The Federal Reserve is investigating the factors that led to the failure of Silicon Valley Bank — including how it supervised and regulated the now-collapsed financial institution. In a Mar. 13 announcement, the Federal Reserve outlined that Vice Chair for Supervision Michael Barr is “leading a review of the supervision BankFacesFailureFedInternalProbeSiliconValley Read More
On March 10, 2023, market observers are discussing the troubles Silicon Valley Bank (SVB) faces, as the firm’s stock slid more than 60% in the last 24 hours. SVB was forced to sell a $21 billion bond portfolio at a $1.8 billion loss. CEO Greg Becker insists that the financial BankBillionBitcoinBondFacesFinancialHaltedLossNewsPortfolioSellsSiliconStockValleyWoes Read More
Perth Mint, Australia’s official bullion mint, currently faces a $9 billion recall from China for allegedly selling “doped” bullion and attempting to cover it up, as reported by Australia’s ABC News. The practice of doping gold involves adding impure ore like silver to the mix to cut costs and lower BillionBitcoinChinacryptoexchangeDopedExchangesFacesGoldMintNewsPerthRecallScandal Read More
Bitcoin (BTC) stayed near key support on March 5 as the weekly candle close brought fresh fears of a breakdown.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewAnalyst warns over fate of $20,000Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it continued to move in a tight range over the weekend.The 22KBitcoinClosecryptoexchangeExchangesFacesPricereteststandThreatensWeekly Read More