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South Korean Prosecutors Reportedly Freeze $39.6M in Crypto Owned by Do Kwon; Global CBDC Framework
Prosecutors in South Korea have frozen 56.2 billion won ($39.6 million) of cryptocurrency assets belonging to Do Kwon, CEO of Terraform Labs, the firm behind the failed Luna stablecoin project, according to Korean media outlet News1. Plus, SWIFT says it has proved it can be the way forward for global central bank digital currencies (CBDCs).
Elon Musk Reportedly Proposes to Proceed With Twitter Acquisition; Solana NFT Sales Jump in September
Tesla CEO Elon Musk has proposed moving forward with his on-again/off-again purchase agreement for Twitter at $54.20 per share, according to Bloomberg. Plus, new data from DappRadar sheds light on the non-fungible token (NFT) marketplace amid crypto winter.
Kim Kardashian Faces SEC Scrutiny Over Crypto Promotion; Coinbase Fixes Technical Problem
Reality TV star Kim Kardashian has paid $1.26 million to the U.S. Securities and Exchange Commission to settle charges relating to her promotion of the EthereumMax digital token. Plus, Coinbase has fixed a technical problem that caused it to temporarily halt payments and withdrawals involving U.S. bank accounts.
Elon Musk’s Texts Revealed Ahead of Twitter Trial; Meta Opens NFT Sharing on Instagram to US Users
A series of text messages released as part of ongoing litigation ahead of Elon Musk’s trial with Twitter shed some light on what was going on leading up to the takeover offer and what may have led to Musk scrapping the deal. Plus, non-fungible tokens (NFT) have finally arrived on Instagram after parent company Meta announced the long-awaited arrival of its digital collectible feature to its millions of users in the U.S.
CFTC Chair Says Bitcoin Could ‘Double in Price’ Under Agency’s Regulation; Do Kwon Developments
Commodity Futures Trading Commission (CFTC) Chairman Rostin Behnam said Wednesday that CFTC-led regulation could have significant benefits for the crypto industry, including a potential boost to the price of bitcoin (BTC). Plus, Terraform Labs said South Korean prosecutors overextended their authority in seeking a warrant for the arrest of CEO Do Kwon, according to a report in the Wall Street Journal, citing a statement sent by Terraform.