By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data A complaint by the SEC against Do Kwon and Terraform Labs revealed an unnamed trading firm helped Kwon restore UST’s $1 peg in 2021 in exchange for discounted LUNA tokens.Publish at: February 17, 2023 at 04:56PM
Jump Crypto Is Unnamed Firm That Made $1.28B From Do Kwon’s Doomed Terra Ecosystem: Sources
SEC Sues Former NBA Star Paul Pierce Over EthereumMax Promos
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The U.S. Securities and Exchange Commission (SEC) sued former National Basketball Association player Paul Pierce for “touting” Ethereum Max (EMAX) tokens without revealing he had been paid to do so.Publish at: February 17, 2023 at 04:30PM
4 Huge Revelations in the SEC’s Charges Against Do Kwon and Terraform Labs
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data TerraUSD was a more overt and calculated fraud than was previously known – and Do Kwon is still cashing out, at size.Publish at: February 17, 2023 at 04:17PM
Binance Considers Severing US Ties in Face of Crypto Crackdown: Bloomberg
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The crypto exchange has been investigated by a host of U.S. regulators and government agencies.Publish at: February 17, 2023 at 03:58PM
First Mover Americas: SEC Suing Do Kwon for Misleading Investors
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 17, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.Publish at: February 17, 2023 at 01:01PM
Crypto Has an Incest Problem
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Court filings reveal complex interlocking relations between major crypto firms – with implications for the ecosystem’s resilience, and for customers owed money.Publish at: February 17, 2023 at 01:00PM
Trader Frontruns Gains Network’s Listing on Crypto Exchange Binance to Profit $100K
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data A trader bought $208,000 worth of Gains Network (GNS) tokens less than 30 minutes before the token was listed on Binance, making a profit of $106,000 according to blockchain sleuth Lookonchain.Publish at: February 17, 2023 at 12:19PM
No, Hong Kong Won’t Be Allowing Retail Traders Access to Crypto on June 1
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data A tweet suggesting the city will make crypto “fully legal” for all citizens is a misreading of the legislation.Publish at: February 17, 2023 at 12:00PM
Celsius Failed to Record Some 7,000 Intercompany Transfers Worth Billions Leading Up to Bankruptcy
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data A lack of record-keeping could make it impossible to “fully reconstruct” the bankrupt crypto lender’s intercompany claim, court filings show.Publish at: February 17, 2023 at 11:52AM
Bernstein: SEC Tightening of Crypto Regulations Is not an Existential Threat
By CD Read more: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data Some in the industry had expressed concerns that crypto was actively being removed from the banking system with an attack on stablecoins and custody rules, the report said.Publish at: February 17, 2023 at 10:18AM