Tag: Terra-Luna

US court supports SEC and its Security Token approachS
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December 29, 2023

SEC Scores Major Victory: Court Brands Terraform’s Crypto Assets as Securities, Sparking Industry-Wide Regulatory Shockwave!

A recent court decision has once again brought to the forefront the regulatory challenges surrounding Security Tokens in the crypto industry. On Thursday, a U.S. District Judge in Manhattan ruled against crypto entrepreneur Do Kwon and his company, Terraform Labs, for failing to comply with U.S. securities laws. This ruling is particularly significant considering the collapse of TerraUSD and Luna currencies in May 2022.
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The path to cyberfinance is covered with bankruptcies and trialsT
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October 10, 2023

The Rise, Crisis, Consolidation, And Reboot of the Global FinTech Scene!

The global financial landscape has undergone a seismic shift over the past two decades, with FinTech and cryptocurrencies at the forefront of this transformation. However, with innovation comes challenges, and the FinTech scene has seen its fair share of highs and lows. From the meteoric rise of companies like Wirecard to the subsequent crises faced by crypto giants, the journey has been tumultuous. Here is a summary and a glimpse into the future.
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The Prime Trust bankruptcy case and the lessons to learnT
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August 31, 2023

The Interesting Bankruptcy Case Of The U.S. Crypto Company Prime Trust And The Lessons To Learn!

In a remarkable series of events that underscores the evolving legal challenges of the digital age, crypto firm Prime Trust has found itself facing bankruptcy following an incident involving the loss of access to a crypto wallet containing $38.9 million. This situation has stirred debates and discussions in the crypto industry and again raised questions about the efficient regulatory supervision of crypto companies. Here is a short analysis of the Prime Trust Case.
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Terraform Labs co-founder Do Kwon arrestedM
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March 23, 2023

Montenegro Interior Minister Announced Arrest Of Terra-Luna Founder Do Kwon!

Do Kwon, the co-founder of the failed TerraUSD stablecoin, has been arrested in Montenegro after months of hiding, Montenegro Interior Minister Filip Adzic said on Twitter. The suspect was detained in the airport of the country’s capital of Podgorica with false documents. In September, South Korean authorities issued a warrant for Kwon’s arrest in September. The U.S. Justice Department is investigating the collapse of TerraUSD, WSJ reports.
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Sudden Death Virus destroys financial services industryO
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March 20, 2023

Our 10 Cents On Crypto: The Sudden Death Virus And The Banking Collapse Pandemic!

Times in the global financial markets could hardly be more turbulent. Since 2022, we are experiencing the spreading of the Sudden Death Virus in the financial industry. First, the crypto segment was hit by the collapse of the Terra-Luna stablecoin scheme and the resulting bankruptcies from Three Arrows Capital to FTX. The virus jumped to the legacy banking system and we saw the collapse of Silicon Valley Bank and Signature Bank in the U.S. and now Credit Suisse in Switzerland.
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