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Do Kwon faces legal trouble in South Korea, China remains Bitcoin mining powerhouse, and Ethereum 2.0 eyes ‘huge testing milestone’: Hodler’s Digest, May 15-21

Cryptocurrency May 21, 2022 07:40PM ET
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Do Kwon faces legal trouble in South Korea, China remains Bitcoin mining powerhouse, and Ethereum 2.0 eyes ‘huge testing milestone’: Hodler’s Digest, May 15-21

Court documents reveal Do Kwon dissolved Terraform Labs Korea days before LUNA crash

Terraform Labs co-founder dissolved two of the entitys locations in South Korea, as well as Terraform Labs Korea, just prior to the LUNA and UST collapse, according to legal documents. Although the decision to dissolve the offices was made during an April 30 shareholder meeting, the timing raised eyebrows within the cryptocurrency community.

As one might expect, the aftermath of Terras implosion continued to reverberate across the market this week. South Koreas government is looking into the situation and Do Kwon himself could be summoned to a parliamentary hearing.

Huge testing milestone for Ethereum: Ropsten testnet Merge set for June 8

China returns as 2nd top Bitcoin mining hub despite the crypto ban

Crypto giants co-launch Chainabuse platform to water down rising scams

Goldman Sachs (NYSE:GS) and Barclays (LON:BARC) invest in UK crypto trading platform Elwood

Bitcoin price predictions abound as traders focus on the next BTC halving cycle

Deus Finance’s dollar-pegged stablecoin DEI falls below 60 cents

South Korean watchdog reportedly fines Terraform Labs $78M for tax evasion

Axie Infinity’s Discord bot compromised, hackers issue fake minting message

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Life-changing money: The 10 most expensive NFTs sold to date

Indian government’s ‘blockchain not crypto’ stance highlights lack of understanding

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Do Kwon faces legal trouble in South Korea, China remains Bitcoin mining powerhouse, and Ethereum 2.0 eyes ‘huge testing milestone’: Hodler’s Digest, May 15-21
 

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jason xx
jason xx May 22, 2022 6:44AM ET
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How is China still the top mining hub. What happened to everyone being kicked out and what happens when they are kicked out again?
 
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