Employees of the South Korean prosecutor’s office staged a raid, during which they raided legal entities, one way or another related to the investigation into the collapse of the Terra project. The offices of seven local stock exchanges were searched. Law enforcement is investigating whether the collapse of the Terra ecosystem was a deliberate move by Terraform Labs founder and CEO Do Kwon. Prosecutors visited the offices of the trading exchanges Bithumb, Upbit, Coinone and

A senior South Korean sports committee accountant who manages state funds for mass sports has confessed to stealing taxpayer money in exchange for cryptocurrency. An employee of the sports council of the South Korean city of Mokpo, who is responsible for the operating expenses of local amateur and semi-professional sports teams, stole more than $ 367,000. The official and her husband spent the money on investments in cryptocurrency. A few months ago, the sports committee

It’s not every day that you come across a broker with a vision to make a positive impact beyond the world of finance. CedarFX, however, is changing that perception. The leading online broker has recently launched a revolutionary Eco Account option to its traders, making it the first-ever Eco-conscious broker to exist! Through their various account options, CedarFX is dedicated to helping traders reach higher by offering ultra-high leverage and low spreads. Traders can get

The Thai Cryptocurrency Exchange announced the resumption of deposit and withdrawal operations on the platform. The Zipmex exchange announced that the resumption of deposit and withdrawal operations will begin at 18:00 (GMT +7) on July 21. At the same time, trading operations with crypto assets will not be available until a special order from the company. A day earlier, the CEO of the crypto exchange, Marcus Lim, announced the suspension of the withdrawal of funds,

Developers Shiba Inu have entered into an agreement with the American visualization studio The Third Floor to create the virtual world of SHIB: The Metaverse Project. The stage operates in entertainment, film, television, video games, and virtual and augmented reality. For 17 years, The Third Floor has collaborated with renowned directors and designers. The company has been involved in the creation of the Marvel Cinematic Universe, Star Wars, Dune, and Avatar. The Third Floor’s client

According to the Finnish customs authorities, the service sold most of the stock of confiscated bitcoins and transferred more than €45 million to the state. Financial Director of the Finnish Customs Service (Tulli) Pekka Pylkkanen (Pekka Pylkkänen) said that most of the bitcoins previously confiscated by court order have been sold. The bulk of the virtual currency was confiscated in raids until 2018, and the authorities took a long time to decide what to do

The South Korean government has postponed the introduction of a 20% tax on cryptocurrencies for two years. The new law was to come into force on January 1, 2023. Government officials announced that the decision was made amid a sluggishness in the crypto market and additional time needed to prepare measures to protect investors. Initial plans to impose a tax on cryptocurrency profits exceeding 2.5 million won ($1,900) in one year remain unchanged. The new

The US Federal Bureau of Investigation (FBI) has warned about the spread of fraudulent applications for investing in cryptocurrencies and their subsequent theft from US investors. The FBI reported that cybercriminals are contacting American investors, offering them supposedly legitimate services for investing in cryptocurrencies. Then they convince people to install fraudulent mobile applications and deposit funds, which are subsequently not returned to investors. According to the FBI, cybercriminals have already managed to steal about $42.7

The consulting agency Teneo claims that the Three Arrows Capital fund, despite problems with the return of capital to investors, continued to trade cryptocurrencies. Restructuring agency Three Arrows Capital (TAC) has released a court filing by crisis manager Russell Crumpler alleging that fund co-founders Su Zhu and Kyle Davies made the down payment on the yacht. worth $50 million. The yacht was to be delivered to Italy within two months of the last payment. The

According to a survey conducted by the US Federal Reserve, most of the country’s banks have transferred developments in the field of cryptocurrencies and blockchain to the status of “secondary tasks”. Top finance managers of 80 major US banks participated in the survey. Of these, 56% said that blockchain products and crypto-currency services are now considered “low priority” or even “not significant” for business growth over the next two years. Only 27% of respondents noted