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Sonic blockchain unveils high-yield stablecoin despite Terra-Luna fears

Sonic blockchain is developing a high-yield algorithmic stablecoin offering up to 23% APR, despite concerns about potential collapses similar to Terra-Luna.Sonic co-founder Andre Cronje...

Terraform Labs Cleared to Wind Down Amid $4.47 Billion SEC Settlement

U.S. Bankruptcy Judge Brendan Shannon approved Terraform Labs' wind-down plan on September 19, 2024.The company agreed to a $4.47 billion settlement with the SEC.Terraform...

Terraform Labs and Do Kwon Reach Tentative Settlement with SEC

Terraform Labs and founder Do Kwon have settled with the U.S. SEC.The settlement follows a civil fraud trial in New York.The SEC sought a...

Crypto Tycoon Do Kwon Sentenced to Prison in Montenegro for Passport Forgery

A Montenegro court has sentenced South Korean cryptocurrency tycoon Do Kwon to 4 months in prison for using fake passports.Do Kwon was charged in...

Terraport’s Terra-ble Security: DeFi Exchange Loses $2M in Latest Breach

Terraport Finance, a decentralized finance (DeFi) exchange project on the Terra Classic blockchain, suffered a major security breach on April 10, resulting in the...

South Korean Prosecutors Seize $160M in Assets Linked to Terraform Labs Collapse

South Korean authorities have seized property worth around $160 million from eight individuals linked to the collapse of Terraform Labs, including its co-founder Daniel...

Do Kwon arrested in Montenegro while attempting to enter the country with false documentation

Do Kwon, the co-founder of failed cryptocurrencies terra USD (UST) and luna (LUNA), was caught by authorities in Montenegro, southern Europe, attempting to enter...

Terra Luna Classic: Becoming interoperable again in the Cosmos ecosystem

Terra Luna Classic is on the verge of a major development, as it is about to re-enable "Inter Blockchain Communication" (IBC) - i.e. communication...

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Emurgo and Wirex Launch Cardano Visa Card for Crypto Payments

Emurgo and Wirex have partnered to launch a physical VISA card supporting Cardano and other cryptocurrencies.The Cardano Card was...

OpenAI Fights NYT Demand for 20M ChatGPT Chats, Cites Privacy

OpenAI rejects a demand to provide 20 million private ChatGPT user conversations in an ongoing lawsuit. The company claims the...

Bitcoin Soars 6% to $105K Amid Fed Rate Cut Speculation

Bitcoin's price has recovered by 6%, reaching around $105,000 after a recent drop below $100,000.JPMorgan forecasts a potential $3.5...

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