Upbit to delist Litecoin amid strict regulatory compliance

Upbit to delist Litecoin amid strict regulatory compliance

South Korea’s leading crypto exchange, Upbit, joins the country’s list of exchanges by removing Litecoin (LTC) from their platforms. Upbit Ends Litecoin Transactions Starting June 20 Upbit pulled Litecoin weeks after issuing a warning against LTC’s latest MimbleWimble (MWEB) update which made transactions private, obscuring some key identifiers. In an audience to remarkthe exchange cited…

Terraform Labs is reportedly contacting South Korean exchanges to relist Luna 2.0

Terraform Labs is reportedly contacting South Korean exchanges to relist Luna 2.0

After heavy damage from the now-failing LUNA/UST model to crypto investors around the world, Terraform Labs CEO Do Kwon wants South Korean exchanges to relist Luna 2.0 upon its release. Exchanges maintain a safe distance According to a report Per local news outlet, Do Kwon, who has been under investigation by South Korean regulators, contacted…

The legal team of Terraform Labs reportedly resigns after UST depegging

The legal team of Terraform Labs reportedly resigns after UST depegging

Terraform Labs’ in-house legal department reportedly resigned shortly after the implosion of the so-called algorithmic stablecoin UST wreaked havoc on the crypto markets. Team members leaving the company Legal operations are now handled by outside lawyers, according to a recent narrative by The Block. The LinkedIn profiles of Terraform Labs General Counsel Marc Goldich, Chief…

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Is Ethereum’s (ETH) Macro Trend Indicating More Upside?

Ethereum reached a healthy pump following the announcement of a 50 basis point rate hike in the trading session on May 4. The cryptocurrency has been trading in a falling wedge pattern for almost four weeks but broke the resistance line after the announcement. Ethereum registered a 6.2% rally after the Federal Reserve announced a…

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Is Ethereum’s (ETH) Macro Trend Indicating More Upside?

Ethereum reached a healthy pump following the announcement of a 50 basis point rate hike in the trading session on May 4. The cryptocurrency has been trading in a falling wedge pattern for almost four weeks but broke the resistance line after the announcement. Ethereum registered a 6.2% rally after the Federal Reserve announced a…