south korean crypto exchange Archives

Terra Classic (LUNC) and USTC Surge on News of Do Kwon’s Release

25Mar

By OLAJIDE SAMUELNo Comments

Blockchain

Terra Classic (LUNC) and USTC Surge on News of Do Kwon’s Release

The Terra Classic (LUNC) and USTC ecosystems witnessed a significant price increase following the news of Do Kwon's release from Montenegrin custody. While Do Kwon and Terraform Labs severed ties with Terra Classic, the news sparked a surge in buying activity, leading to notable token gains. Read Also: Unleash Your Creativity & Boost Income with the Resellable Mega Digital Product Bundle! Market Reaction to Do Kwon's Release LUNC Up 20%: CoinMarketCap data shows LUNC experienced a substantial 20% price increase. While profit-taking has moderated the initial spike, LUNC currently trades at $0.000155. Trading Volume Soars: LUNC's trading volume also saw a dramatic 200% increase, settling at a still-impressive 53% gain over the last 24 hours. USTC Climbs: USTC mirrored the ...

Dentons Files Additional Documents in Support of Terraform Labs and Do Kwon’s Motion to Dismiss SEC Lawsuit

17Jun

By CryptolifedigitalNo Comments

Blockchain

Dentons Files Additional Documents in Support of Terraform Labs and Do Kwon’s Motion to Dismiss SEC Lawsuit

Top law firm Dentons has filed supplementary documents in defence of Terraform Labs and its co-founder, Do Kwon, in their ongoing legal battle against the U.S. Securities and Exchange Commission (SEC). The court hearing, which took place on Thursday, focused on whether the digital assets created by Terraform Labs should be classified as securities under an "investment contract." Dentons Lawyers Claim UST Is Not A Security Dentons lawyers, representing Terraform Labs and Do Kwon, strongly assert that the algorithmic stablecoin UST (now USTC) does not qualify as a security, as its primary purpose is practical rather than an investment contract. The additional documents submitted by the legal team support their motion to dismiss the SEC lawsuit and include pertinent evidence from various so...

XRP Becomes The Leading Altcoin In South Korea In Terms Of Popularity

18Apr

By OLAJIDE SAMUELNo Comments

XRP News

XRP Becomes The Leading Altcoin In South Korea In Terms Of Popularity

In a recent report from Kaiko, a leading provider of market intelligence for the cryptocurrency industry, it was revealed that XRP has become the most popular altcoin in South Korea. The report analyzed trading data from 10 of the top cryptocurrency exchanges in South Korea, including Bithumb, Upbit, and Korbit, and found that XRP had the highest trading volume of any altcoin on these exchanges. XRP Becomes the most famous in South Korea This is a significant development for XRP, which has faced regulatory challenges in the United States and elsewhere. The cryptocurrency is widely used in the South Korean market, with many investors and traders seeing it as a viable alternative to Bitcoin. Read Also: Terra Classic Welcomes Superman To The Network Data from the Kaiko report s...

The South Korean Crypto Exchanges To Compensate Investors For Their Loss In The Course Of Terra Collapse

10Aug

By CryptolifedigitalNo Comments

Blockchain

The South Korean Crypto Exchanges To Compensate Investors For Their Loss In The Course Of Terra Collapse

As a result of Terra's collapse, the South Korean institutional and retail investors lose a huge amount of capital. The cryptocurrency exchange in South Korea met and announced the plan to compensate the investors in that region. Owing to the crash, the investor lost billions which led to the promise mentioned earlier by the cryptocurrency exchange which includes Upbit and Korbit. Read Also: Ethereum PoW Manifesto Reveals Their Plan To Abolish EIP-1559 As Merge Approaches And The Ethereum's Buterin Stands To Defend The Tornado Cash Read Also: Nigeria And Some Crypto-Restricted Regions Can Now Pay Their Utility Bills Via Cryptos Like BTC And ETH: Manila Finance The total compensation from both exchanges in May accounts for approximately $30 million. .blockspare-d803f580-9222...