Stablecoins have achieved a record market value amid optimism about their use in cross-border payments. The market capitalization for the digital, dollar-pegged currencies has jumped 46% this year to a record $190 billion, Bloomberg News reported Wednesday (Nov. 27), citing DeFiLlama data. Tether, issuer of USDT —...
The Securities and Exchange Commission (SEC) has reportedly requested a summary ruling in its civil case against Do Kwon, the co-founder of Terraform Labs. The SEC alleges that Kwon and his company engaged in fraudulent activities, offering and selling unregistered securities, Bloomberg reported Friday (Nov. 3). These alleged...
The company and founder behind cryptocurrencies TerraUSD and Luna have been charged with defrauding investors. The Securities and Exchange Commission (SEC) said in a Thursday (Feb. 16) press release that it has charged Singapore-based Terraform Labs and Do Hyeong Kwon with violating the registration and...
Moody’s is reportedly developing a scoring system — though not a credit rating — for stablecoins. Bloomberg reported Thursday (Jan. 26) that Moody’s will analyze as many as 20 stablecoins, evaluating the attestations on the reserves that back them. It won’t deliver an official credit...
December 23, 2022
In 2022, the cryptocurrency industry fully entered the mainstream — and almost drowned. The industry enjoyed an auspicious start, coming off of a banner 2021 year that saw record valuations, exciting innovations, and hordes of newly minted paper millionaires, even paper billionaires. Splashy, celebrity-studded, fear-of-missing-out (FOMO)-driven commercials for crypto companies like Coinbase, Crypto.com, eToro and […]
December 11, 2025
Terraform Labs Co-Founder Do Kwon was sentenced to 15 years in prison for his role in the $40 billion crash of the company’s TerraUSD and Luna coins in 2022. Kwon, who pleaded guilty to two criminal counts in August, had asked for a sentence of five years, while federal prosecutors had sought a sentence of […]
November 27, 2024
Stablecoins have achieved a record market value amid optimism about their use in cross-border payments. The market capitalization for the digital, dollar-pegged currencies has jumped 46% this year to a...
November 03, 2023
The Securities and Exchange Commission (SEC) has reportedly requested a summary ruling in its civil case against Do Kwon, the co-founder of Terraform Labs. The SEC alleges that Kwon and his company...
February 16, 2023
The company and founder behind cryptocurrencies TerraUSD and Luna have been charged with defrauding investors. The Securities and Exchange Commission (SEC) said in a Thursday (Feb. 16) press release that...