South Korean prosecutors have raided the home of Daniel Shin, co-founder of Terraform Labs, as authorities there continue a probe into illegal activity behind the collapse of the TerraUSD stablecoin.
There were several raids on crypto exchanges and offices Wednesday (July 20), Bloomberg reported Thursday, including Shin’s payment app Chai Corp., according to the Seoul Southern District Prosecutors Office.
In other crypto news, Taiwan’s Financial Supervisory Commission (FSC) is preparing to stop credit cards from being used for crypto purchases, Coindesk wrote.
The FSC said Friday (July 22) that it had sent a letter to the local banking association asking credit card agencies to quit bringing on crypto platforms as merchants.
Meanwhile, retail traders returning to beaten-down crypto stocks, Bloomberg reported, having scooped up almost $1 billion in shares of such companies.
The burst of buying has seen stocks like Marathon, Coinbase and Riot Blockchain becoming some of the...
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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...