South Korean prosecutors carried out search and seizure operations at local cryptocurrency exchanges and related offices, looking for evidence of illegal practice involved in the collapse of cryptocurrency Luna in May. “A total of 15 places, including crypto-currency exchanges and related offices, were searched on Wednesday for proof of allegations,” a spokesperson told Reuters on Thursday, without elaborating. Investors have …
Stablecoins are rapidly gaining ground. Vetle Lunde, analyst at Norway-based crypto research firm Arcane Research who tracks the Terra project purchases, estimates that, to reach $10 billion in reserves, the platform could eventually hold between 60,000 to 70,000 bitcoin. A stablecoin backed by bitcoin reserves, according to Terraform co-founder Do Kwon “will open a new monetary era of the Bitcoin …
