Terraform co-founder Do Kwon appears before US judge, pleads not guilty
“The defendant, orchestrated schemes to defraud purchasers of cryptocurrencies,” the indictment against the Terraform co-founder read.
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GMX and dYdX go head-to-head for the top decentralized derivatives position
The top two decentralized derivatives platforms, dYdX and GMX, are head-to-head concerning liquidity and trading volumes.The perpetual swap daily trading volume on dYdX ranged between $340 million and $2.6 billion in March, per CoinGecko data. In comparison, GMX did less than $500 million in daily trading volumes.The open interest (OI) volume, which measures the number…

Why one Bitcoin analyst expects sudden ‘hell’s candle’ plunge to $11.3K
Bitcoin (BTC) stayed above $13,000 on Oct. 27, but one analyst is warning that the largest cryptocurrency is due for a major correction.In a tweet on Tuesday, on-chain analyst Cole Garner forecast that BTC/USD could soon end its bull run and suddenly move lower in a “Hell’s candle” event on the daily chart.Garner to traders:…

EU enacts crypto regulations to combat money laundering
The new legislation would impact crypto-asset service providers, like centralized crypto exchanges under MiCA.

LocalBitcoins closes down P2P crypto exchange service
LocalBitcoins’ customers have 12 months to withdraw their cryptocurrencies from the LocalBitcoins wallet but are advised to do so immediately. 1020 Total views 18 Total shares Own this piece of history Collect this article as an NFTFinland-based peer-to-peer (P2P) cryptocurrency platform LocalBitcoins is shutting down operations after serving its customers for more than 10 years.LocalBitcoins…

Crypto’s growing footprint: UK regulator sounds alarm over stablecoin risks
United Kingdom regulators are increasingly concerned about the impact of stablecoins and the broader crypto industry on the country’s financial system and monetary stability. During Financial Policy Committee meetings held on April 4 and 8, regulators noted that while the current “interconnectedness of unbacked crypto asset markets with the real economy and financial sector is

US Treasury’s OFAC can’t restore Tornado Cash sanctions, judge rules
The US Treasury Department’s actions against Tornado Cash were unlawful, and it can’t sanction the crypto mixer again, a Texas federal court judge has ruled. The US Treasury Department’s Office of Foreign Assets Control can’t restore or reimpose sanctions against the crypto mixing service Tornado Cash, a US federal court has ruled. Austin federal court

More volatile than Bitcoin? Netflix shares plunge 25%
The streaming service’s stock price took a major hit after releasing disappointing user numbers, making some in the crypto community cry foul at the volatility. 409 Total views 20 Total shares The stock market has once again made crypto look stable by comparison with the Netflix (NFLX) stock price dropping 25% in after-hours trading tod.The…

HectorDAO files for Chapter 15 bankruptcy in the US
The decentralized autonomous organization was first impacted by the collapse of the Terra ecosystem in 2022 and suffered $16.4 million in losses.