Terraform Labs Files for Chapter 11 Bankruptcy Following TerraUSD Collapse

by Александр Пирогов | Jan 22, 2024 | Blog News

Terraform Labs, the cryptocurrency firm behind the failed stablecoin TerraUSD, has filed for Chapter 11 bankruptcy in Delaware. The filing reveals estimated assets and liabilities ranging from $100 million to $500 million. TerraUSD collapsed in May 2022, resulting in...

Morgan Stanley Warns of U.S. Dollar Losing Dominance Amid Growing Interest in Bitcoin and Digital Assets

by Александр Пирогов | Jan 22, 2024 | Blog News

Morgan Stanley has raised concerns about the risk of the U.S. dollar losing its dominance, driven by increasing interest in digital assets, including bitcoin. The investment bank highlighted that the U.S. dollar’s dominance is under scrutiny due to evolving...

Interpol’s Metaverse Expert Group Advocates Use of Metaverse Platforms in Law Enforcement

by Александр Пирогов | Jan 22, 2024 | Blog News

Interpol’s Metaverse Expert Group has released a white paper suggesting that metaverse platforms could be valuable in law enforcement training, crime scene preservation, and analysis. The report explores potential use cases, such as immersive training through...

Bloomberg Analyst Gives hope of SEC Lawsuit Dismissal in Coinbases’s Lawsuit

by Александр Пирогов | Jan 22, 2024 | Blog News

Bloomberg senior litigation analyst, Elliott Stein, has expressed confidence in Coinbase’s ongoing lawsuit against the SEC, forecasting a 70% chance of the exchange securing a full dismissal. Stein initially believed Coinbase could object successfully to certain...

CFTC Files Action Against Debiex: Alleged $2.3 Million Crypto Scam

by Александр Пирогов | Jan 22, 2024 | Blog News

The U.S. Commodities Futures Trading Commission (CFTC) has initiated a civil enforcement action against Debiex, accusing the fraudulent crypto exchange of misappropriating $2.3 million in customer funds through romance scam tactics. The CFTC alleges that Debiex used...

Virginia State Senate Proposes Legislation for Digital Asset Regulation and Tax Benefits

by Александр Пирогов | Jan 22, 2024 | Blog News

The Virginia State Senate has introduced Senate Bill No. 339, presenting regulations for digital asset mining and transactions, along with tax incentives. Sponsored by Senator Saddam Azlan Salim, the bill aims to exempt miners from money transmitter licenses and...