Terraform Labs may close products, services in bankruptcy wind-down

Seven people who allegedly managed a fraudulent crypto investment scheme have been indicted in Taiwan, according to a report by English-language local media FocusTaiwan on Jan. 18.According to the report, citing local prosecutors, the defendants were charged with the violation of Taiwan's Banking and Multi-Level Marketing Supervision acts.The group was reportedly arrested on June 13…

Ripple’s David Schwartz has revealed that he sold 40,000 Ether at $1 each as part of a risk management plan made with his spouse in 2012. 2607 Total views 18 Total shares Ripple’s Chief Technology Officer, David Schwartz, has revealed that he and his wife decided to make a “derisking plan” for their crypto investments…

Accounting firm Grant Thornton will record intercompany transactions for its clients on the EOSIO blockchain, capturing a small slice of an area worth $40 trillion annually. 747 Total views 31 Total shares Major U.S. accounting firm Grant Thornton is moving all of its clients’ intercompany transactions to the EOSIO network.Grant Thornton’s new inter.x platform uses…

Electronic devices were seized from former Kraken CEO Jesse Powell’s Los Angeles home in connection to a non-crypto-related investigation into alleged hacking and cyberstalking. The United States Federal Bureau of Investigations (FBI) reportedly searched the home of Kraken co-founder Jesse Powell in March as part of an investigation into claims he hacked and cyber-stalked a…

Financial leaders from the G7 agree that CBDCs would complement cash and should not be detrimental to the monetary system. 415 Total views 65 Total shares Group of Seven advanced economic nations has been discussing central bank digital currencies (CBDCs) this week, concluding that they should “do no harm” and meet rigorous standards.Finance leaders from…

Cryptocurrency exchange ShapeShift has acquired Israeli non-custodial wallet provider Portis.Founded in 2018, Portis is a non-custodial software wallet that was first integrated into ShapeShift last November as part of the exchange’s pursuit of self-custody solutions that don’t require traders to use a hardware wallet. Speaking to Cointelegraph on April 15, ShapeShift founder Erik Vorhees revealed that…

Economist and notorious cryptocurrency critic Nouriel Roubini said that “cryptos is the mother and father of all bubbles” at the Salt conference in New York. CNBC reported on Roubini’s declarations on May 9.During the conference, Roubini also reportedly said that bitcoin (BTC) and other crypto assets should not be called cryptocurrencies. According to him, “cryptocurrency…

The LSEG specifically outlined Tora's exposure to digital assets as part of the reason for the acquisition. 165 Total views 6 Total shares On Tuesday, London Stock Exchange Group, or LSEG, announced the acquisition of U.S.-based cloud technology provider Tora for $325 million; the deal is expected to close in the second half of the…