A name on the Interpol's wanted list and a South Korean police alert for Terra co-founder Do Kwon’s whereabouts are unlikely to cause havoc to the broader crypto markets, two markets observers told CoinDesk on Tuesday.
Kwon's arrest warrant puts pressure on an already intensive regulatory debate about market conduct, consumer protection and financial stability risks associated with crypto markets. Kwon’s current location is unknown and the Singapore Police Force confirmed to the press that Kwon was no longer in the city-state, where he resided until at least May.
In the weeks following Terra’s implosion in May, prices of its LUNA and UST tokens dropped over 99.7%. At the same time, decentralized finance applications built on the network lost some $28 billion in market value – making the entire ordeal one of the single-largest capital destructive event in the history of cryptocurrencies.
“In my opinion, Terra doesn’t present systemic risks to the broader crypto markets, especially...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...