Do Kwon, the South Korean founder of Terraform Labs, has been extradited to the United States. Authorities in the country accused Do Kwon of orchestrating a multi-billion dollar crypto fraud following the collapse of his company’s Terrausd and Luna cryptocurrencies in 2022. The collapse caused billions of dollars in losses across the market. Do Kwon […]
The Q4 2024 crypto valuation surge saw the digital asset market cap surpass that of the global inflation-linked bond market. Crypto Market Cap Dwarfs U.S. High-Yield Bond Market The crypto market capitalization surged from $ 1 trillion to over $ 3 trillion in the last quarter of 2024, surpassing that of the global …
The digital asset XRP wrapped up 2024 on a high note, climbing above $ 2 for the first time in years after spending much of the year under $ 0.72 per coin. Since early Jan., XRP has jumped by more than 236% against the greenback. From $ 0.63 to $ 2.12: …
Malaysia has ordered Bybit to halt its crypto exchange operations in the country, as regulators crack down on unregistered platforms. Bybit Faces Enforcement in Malaysia Over Unregistered Crypto Exchange Operations The Securities Commission Malaysia (SC) announced on Dec. 27 that it has taken enforcement measures against Bybit Technology Ltd. and its CEO, Ben Zhou, citing […]
As 2024 winds down, the crypto economy has flourished, growing by an impressive $ 1.62 trillion in value over the year. Interestingly, nine of the top ten gainers for the year turned out to be meme tokens, with only one utility token breaking into the elite group. Meme Coins Take the Crown The crypto …