In the midst of the continuing manhunt for Terraform Labs co-founder and CEO Do Kwon, South Korean officials have expanded their inquiries to include additional Terra executives. Prosecutors issued an arrest warrant for co-founder Daniel Shin and seven other engineers and investors in the corporation on suspicion of criminal profiteering prior to the huge collapse of the Terra ecosystem. The Seoul Southern District Prosecutors Office in South Korea suspected Shin of having Terra LUNA tokens, wh

One senator's investigation into the safeguards the companies had in place in case a collapse like FTX occurred again focused on Binance, Coinbase, Bitfinex, Gemini, Kraken, and KuCoin. Following the liquidity problems and bankruptcy of FTX, Ron Wyden, the chairman of the Senate Finance Committee in the United States, has requested six cryptocurrency companies for information about consumer protection. In various letters dated Nov. 28, Wyden targeted Binance, Coinbase, Bitfinex, Gemini, Kraken

Buterin opposes traders' speculation and stockpiling of crypto governance tokens. Regarding governance tokens, Vitalik Buterin has taken a controversial stance, claiming that governance is not a sufficient justification for such tokens to be regarded as valuable assets. Buterin stated on Twitter on Tuesday that the idea of "governance rights" as a reason for why a token should be valuable is pathological. Buterin wrote on Twitter Tuesday. “You're literally saying, ‘I'm buying $X because later

Non-fungible tokens (NFTs) are one of the cryptocurrency industries that are expanding the fastest, and investors are constantly looking for new NFT projects with high growth potential. The 3 top new NFTs projects for 2023 will be discussed in today's post. 1. RobotEra - New NFT Project Building A P2E Metaverse With Zero Code Creator Tools RobotEra is building a sandbox-like planet-rebuilding metaverse. Players will become a robot, acquire resources from the planet, manage their own land, crea

Before becoming law, the bill still needs to be approved by the executive branch. Brazilian lawmakers have established a comprehensive legislative framework for cryptocurrency trade and use in the country. The new regulations, which were approved on Tuesday night in Brasilia, the nation's capital, acknowledge bitcoin as a digital representation of value that can be used in the country as a means of payment and as an investment asset. The bill, which widely extends to a sector known as "virtua

1. Layer 0 A Layer 0 protocol is the first layer among all blockchain protocols, connecting seamlessly with all other protocols to build interconnected value chains, offering a more robust and evolved alternative to smart contracts. It supports several consensus algorithms and P2P systems, such as proof-of-work, proof-of-stake, proof-of-activity, proof-of-reputable observations, directed acyclic graphs (DAG) and more to optimize network topology. Benefits: Reduces costs; Eliminates interme

The native tokens linked to Bitcoin Cash (BCH), Ethereum Classic (ETC), Ripple's XRP Ledger (XRP), and Stellar (XLM) will no longer be supported by Coinbase Wallet as of December 5, according to a website update from the cryptocurrency exchange. On December 5, the assets will no longer be supported, however, users with balances will still be able to withdraw money using a recovery phrase. The four currencies, which all gained significant notoriety during the 2017 bitcoin bull market, were delis

A $100 million funding program has been started by Game7 to support Web3 game creators. The BitDAO and Forte ecosystems support the decentralized autonomous organization, or DAO, that is the entity. The crypto winter, the economic slowdown, and gamer hatred against Web3 are taking their toll, and blockchain gaming businesses need this type of stuff right now. To increase the diversity and accessibility of the Web3 video game business, the initiative will give creators the ability to design too

After the information of more than half a billion users was exposed on a hacking website, the Irish Data Protection Commission (DPC) fined Facebook owner Meta €265 million on Monday, November 28. The commission stated specifically that it had punished Meta for failing to create Facebook in a way that would safeguard users' data from breaches. The DPC opened an inquiry in April 2021 when data containing the names, phone numbers, and email addresses of up to 533 million individuals was discovere

The chief economist of Israel offers suggestions for crypto regulation. The chief economist recommended giving the Israel Securities Authority and the Supervisor of Financial Service Providers more power to supervise the industry. Israel's chief economist has outlined a list of suggestions on how authorities should approach the nation's digital asset laws in order to securely increase crypto use. Shira Greenberg, the chief economist at the Ministry of Finance, proposed for a more thorough reg