Newsfeeds Archive - Spark Newswire

2 minute read

Could Bitcoin-Backed Stablecoin Be Tether’s Next Big Move? Here is What This Crypto Analyst Believes

June 19, 2:12 AM

Renowned cryptocurrency analyst Willy Woo has hinted at the possibility of a Bitcoin (CRYPTO: BTC)-backed stablecoin from Tether (CRYPTO: USDT) in the future.

$USDT

2 minute read

Bankrupt Terraform Labs And Founder Do Kwon Reach Historic $4.47B Settlement With The SEC In The UST, LUNA Collapse Case

By Aniket Verma

June 13, 1:46 AM

In a significant development, Terraform Labs agreed to a civil settlement of $4.47 Billion with the Securities and Exchange Commission after being found guilty of defrauding cryptocurrency investors during the infamous Terra (CRYPTO: LUNA) implosion in 2022.

$LUNC

2 minute read

Do Kwon, Terraform Labs Tell Court: SEC Hasn’t Proven ‘Defendants Did Anything Wrong’

By Murtuza Merchant

October 30, 2:49 PM

Terraform Labs and its co-founder, Do Kwon, have approached a federal court to stand by their defense against the U.S. Securities and Exchange Commission's (SEC) allegations of fraud.

$UST

2 minute read

Will USTC Recover? Terra Classic Community Discontinues Minting, Votes To Burn

By Khyathi Dalal

September 25, 11:10 AM

TerraUSD Classic’s (CRYPTO: UST) minting will cease after a community vote on the stablecoin's governance forum. This led to a 59% vote of approval to stop all USTC mining, while 40% opposed it. The community's proposal also ends all conversion of xUST to mint USTC.

$UST

2 minute read

South Korea Steps Up Crypto Oversight By Enacting Expansive Virtual Asset User Protection Act

By Murtuza Merchant

June 30, 9:27 AM

South Korea has given the green light to landmark legislation dedicated to digital assets, aiming to reinforce protection for investors.

$UST

2 minute read

Do Kwon, Terraform Labs Charged With Fraud By SEC, But He’s Nowhere To Be Found

By AJ Fabino

February 16, 6:39 PM

Terraform Labs and its CEO Do Kwon, are facing fraud charges brought by the Securities and Exchange Commission (SEC) Thursday for the alleged sale of unregistered securities and misleading investors.

$UST

4 minute read

Musk Effect To FTX-Binance Fiasco: Revisiting Top Crypto Tweets Of 2022 That Rocked The Market

By Mehab Qureshi

January 2, 10:24 AM

It's no surprise that 2022 was a turbulent year for global markets. The U.S. stock market plunged over 15%, while bond and crypto markets fell by more than 20% and 50%, respectively, from their peak a year ago to around Christmas. Investors saw significant losses as fears of economic uncertainty, inflation and companies declaring bankruptcy stoked market volatility.

$DOGE

2 minute read

Bitcoin Crashing To $10,000 And More: VanEck’s Top 2023 Crypto Predictions

By Mehab Qureshi

December 14, 10:23 AM

VanEck, the New York-based investment group, has released its long-term cryptocurrency outlook for 2023, echoing the sentiments of many industry analysts. What Happened: As the crypto industry continues to evolve and develop, VanEck has identified its top predictions for 2023.

$UST

1 minute read

Fed Says Stablecoins Among Top Major Risks To Economy Over Next 18 Months

By Mehab Qureshi

November 7, 1:08 AM

Stablecoins pose massive risks to financial stability, and remain vulnerable to liquidity risks, according to a November Financial Stability report published by the U.S. Federal Reserve.

$USDT