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The rumor sparked panic on crypto Twitter, however, and it quickly spread across the Colorado convention hall where ETHDenver, one of the year’s largest crypto industry gatherings, was underway. The rumors, if proven true, would suggest that the SEC is ramping up scrutiny of Ethereum and crypto staking. Source
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According to a report published on Feb. 12, 2023, the New York-based financial institution and technology company, Paxos, has received a Wells Notice from the U.S. Securities and Exchange Commission (SEC) regarding alleged violations of investor protection laws. Paxos revealed the following day that it would no longer mint BUSD
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This year saw an influx of trademark applications filed by various companies looking to get in on the Web3 action. By November, a total of 4,999 trademark applications had been filed in the United States for cryptocurrencies and digital-related goods and services — according to United States Patent and Trademark
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Following the loan default, Archblock (formerly TrustToken), which manages relations between lenders and borrowers on TrueFi, will join the liquidation process in an attempt to reclaim assets. At the time, when TrueFi originated the loan to Invictus, Archblock was the sole underwriter of the loan. Original Source
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The CoinDesk Market Index fell by 0.8% over the past 24 hours. Bitcoin (BTC), the largest cryptocurrency by market capitalization, was down 0.8%, changing hands in a range between $19,000 and $19,500. Ether (ETH), the second-largest, followed a similar trajectory, down 0.4% to $1,300 as of press time. Original Source
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TrueFi does not expect Blockwater Technologies' default to affect its
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Terra co-founder Do Kwon, wanted by South Korean authorities and whose whereabouts are currently unknown, has suggested he’s not changing his routine in response to potential legal action.In a Monday tweet, Kwon said members of Crypto Twitter had likely seen him walking on the street or around shopping malls —
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Kwon maintains that he is not on the run, but his location is unknown after Singapore authorities said he's not in the city-state. Original Source
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South Korean prosecutors have reportedly requested Interpol intervene in their case against Terra co-founder Do Kwon by issuing a 'Red Notice' — suggesting global law enforcement agencies may attempt to find and detain him.According to a Monday report from the Financial Times, the Seoul Southern District prosecutors’ office said it
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Authorities in Singapore confirm that Kwon is no longer in-country, while he maintains that he’s not “on the run.” Original Source
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