Terra Co-Founder’s Passport To Be Invalidated By South Korea
On Wednesday, arrest warrants were sent out for the CEO of Terra and five other people. The prosecutors also asked for their passports to be invalidated — except for Nicholas Platias , another Terraform Labs founder, who is not a Korean national. Local media said on Thursday that South Korea’s Ministry of Foreign Affairs is […]
Merge Bring About Strong Institutional Adoption of Ether
The report said that when demand is high, the new economic model under Merge, along with token burn, could lead to negative token emissions. Bernstein said in a research report that the Ethereum Foundation’s successful completion of the Merge early Thursday morning is likely to lead to strong institutional adoption of the blockchain’s token, ether. […]
Socios Boss Appoints Julian La Picque as New CFO
La Picque came to Chiliz from the blockchain platform Covantis. Before that, he started the blockchain consulting company Uncrypted in Geneva. Chiliz, which owns the blockchain-based sports fan rewards platform Socios.com, named Julian La Picque as its chief financial officer (CFO). La Picque joins from blockchain platform Covantis. He started the blockchain consulting firm Uncrypted […]
FTX Freezes Under Strain of CPI Volatility
In the hour after the FTX CPI print, more than $110 million was sold off on crypto exchanges. Some customers couldn’t use the cryptocurrency exchange FTX on Tuesday, when a closely watched economic report on U.S. inflation came out. This made traders very angry. Sam Bankman-Fried, CEO of FTX, confirmed that the exchange was having […]
Bitcoin Recommended as Inflation Hedge Canadian PM Reacts
The new leader of the Conservative Party, Pierre Poilievre, said earlier this year that he thinks bitcoin is a good way to beat inflation. On Monday, Canadian Prime Minister Justin Trudeau said that the opposition party was wrong to tell people to invest in bitcoin to fight inflation. “Telling people they can avoid inflation by […]