Judge Declares the Arrest of Terraform Labs’ Employees Unwarranted

The Seoul Southern District Court on Friday dismissed the arrest warrant against Terraform Labs’ head of general affairs and business operations, Yoo Mo. Judge Hong Jin-pyo ruled the apprehension unnecessary in the case against Terra, according to reports from the local outlet Yonhap. The Terraform Labs’ official, accused of price manipulation, didn’t deny the allegation […]

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Hedera Governing Council Just Got a New Member — A Major Asset Manager from the UK

Hedera, a enterprise-grade public network for the decentralized economy, recently welcomed a new member of the Hedera Governing Council. The newest member is abrdn plc, a UK-based asset manager that currently holds £508bn AUM, according to the project’s announcement. Hedera continued to say that the company has joined the council in order to help transform […]

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South Korean Foreign Ministry Targets Do Kwon’s Passport, Kwon’s Associate Daniel Shin Defies Summon by National Assembly

The investigation around Terra, whose crash affected an estimated 280,000 people in South Korea, has turned into a turbid show involving unsubstantiated reports and contradictory statements from parties on either end. South Korean authorities are still trying to determine if there was foul play in Terra’s collapse, which wiped away $40 BN worth of investors’ […]

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Why Do We Need Crypto?

<p>Is it true, as naysayers and skeptics proclaim, that crypto serves no purpose, that we’d be better off without it, and that it’s all going to zero anyway?</p><p> The last of those points, that it will eventually lose all value, is reliant on the first point: that it has no purpose. According to crypto critics, […]

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