Prosecutors from South Korea Ban Terra Labs Team from leaving the Country
According to reports, Terraform Labs employees were prohibited from leaving South Korea during ongoing investigations by the prosecutors.
Bad market conditions forces Bancor to pauses impermanent loss protection program
Bancor, a veteran DeFi protocol, was heavily criticized for suspending the impermanent Loss Protection Program at a time liquidity providers needed it most.
Celsius have warned it could take some time in order to Stabilise Liquidity
According to Celsius, a crypto lender Celsius, it will take time to stabilize its liquidity. Investor BnkToTheFuture suggested a recovery plan.
Russian Government Will not allow the Sale of Oil in Bitcoin
According to the Russian finance ministry, bitcoin is considered a payment option for small-scale business transactions and not for oil exports. Top officials stressed that the department does not consider cryptocurrency legal tender but may use it in barter transactions.
Remember Cool Cats? What Happened to the Popular NFT Collection?
After just three months, the CEO of the collection left. The average price of the collection is now down 96% from its peak despite it being signed with Hollywood mega-agency CAA.
Elon Musk States in Recent Tweets That he Will be Fully Supporting Dogecoin
Elon Musk, Spacex CEO and Tesla CEO, has reiterated his support for dogecoin (DOGE). He confirmed that he will continue to support the meme cryptocurrency and buy it. His statements triggered a rise in the price of dogecoin amid a downturn in crypto markets.
You have to have a Stomach for this Crypto Meltdown Says Kevin O’Leary
Shark Tank star Kevin O’Leary, aka Mr. Wonderful says that he will not sell any of his cryptocurrency despite the downturn in crypto markets. “Long-term, you have to accept it. He stressed that you must accept the volatility.
Babel – Another Lending Platform in Crypto Pauses Withdrawals
After a cryptocurrency market slump, the $2 billion fund announced that it is blocking customers’ ability to withdraw their assets.
FBI States Crypto Scams are Rife on Business Social Network LinkedIn
Special agent stated that fraudulent activity was significant on the social network, which is business-focused.
New Gas Fees From Solana will Give it a Competitive Edge Against Other Networks
Solana’s new fee structure may lead to “gas Wars” for large NFT drops but it will not cause fees to increase across the entire network as on Ethereum.
