South Korea’s Supreme Court Declares TerraUSD and Luna Non-Securities
The verdict sets a key precedent that could influence future legal classifications of virtual assets in South Korea.
Terraform Labs Transitioning Terra’s Operations to Community Initiatives
By
Leon Okwatch
The shift from TFL to community management will significantly impact the Terra ecosystem and the LUNA token.
Terraform Labs Sets August 9 Deadline for Bankruptcy Claims
By
Leon Okwatch
This deadline for claims is a key part of Terraform Labs’ strategy to handle its financial and legal issues.
South Korean Court Rules Assets of Do Kwon’s Wife Not Subject to Government Confiscation
Evidence has now been presented in court that confirms that Kwon’s wife did use funds from her own virtual asset account to make the initial payment on some of the properties.
South Korea’s Crypto Exchanges Prepare for New Investor Protection Rules
The Digital Asset Alliance, which represents crypto companies, has said it will conduct a proper review of 1,333 altcoins over the next six months.
Tether to Invest More Than $1B in Deals Over Next Year
A significant part of Tether’s investment strategy involves AI. The company has already invested more than $1 billion into the sector.
Dramatic Twist in Do Kwon’s Extradition Saga: Montenegrin Prosecutors Challenge Court Decision
Since the arrest of Do Kwon, both the United States and South Korea have submitted extradition requests, setting the stage for a legal war between the two countries.
Disgraced Terra Founder Do Kwon Faces Extradition to US
The Montenegrin Ministry of Justice faces the challenge of reaching a conclusive decision on Kwon Do-hyung’s repatriation by the approaching deadline of December 15.
South Korean Crypto Traders Emerge as Major Force in Recent BTC Rally
South Korea has long been recognized for its robust blockchain and crypto community.
Court Rejects Appeal to Dismiss Class Action Suit against Terraform Labs and Do Kwon
The class action was one of the many lawsuits brought against the company last year after the Terra-LUNA fiasco that wiped out billions of dollars as investors watched their funds vanish into thin air within a matter of days.
Terraform Labs Denies Motion Seeking Dismissal of SEC Fraud Allegations
The implications of this judgment are significant for both Terraform and the broader ecosystem.
Terra Classic Engineers Working on Major Revival Plan with ‘Six Samurai’ Proposal
The ‘Six Samurai’ proposal presents roadmap to important components such as the migration from Columbus-5 to Columbus-6 and an upgrade to the Cosmos SDK.
Launch of Big Eyes Coin on June 3rd, 2023 to Trigger Surge in Luna and Solana Prices
Another bull run is looming over the crypto market, and Luna and Solana have emerged as noteworthy performers that are garnering attention from investors.
South Korean Prosecutors Reveals Do Kwon Sent Funds to Local Law Firm before TerraUSD’s Fall
After Kwon was arrested, the prosecutors indicated that he had paid the law firm before the collapse.
Canada Lists Stringent Requirements for CTPs Trading in Stablecoins
By
Sanaa Sharma
The crypto asset trading platforms will now be forbidden from allowing clients to trade and deposit stablecoins, or any other type of “Value Referenced Crypto Assets” (VRCAs), without the CSA’s prior written authorization.