Day: October 6, 2022

South Korean foreign ministry orders Do Kwon to return his passport

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South Korea’s Ministry of Foreign Affairs on Wednesday issued an order for Terraform Labs CEO Do Kwon to surrender his passport.ย  The fugitive co-founder must hand over his Korean passport to authorities within 14 days of the said order. A failure to comply with the order will result in the cancellation of his passport altogether. The official order also warned that failure to comply will lead to the rejection of requests for re-issuance in the future. Another local report noted that the passport return order was issued for a total…

Binance Coin Looks Good; Will Price Make Rounded Bottom?

BNBโ€™s price continues its bullish structure after a reclaim of this region as the price stays on track to reject major resistance.ย ย  BNB trades above key support as price reclaim 8 and 20-day EMA. The price of BNB aims to form a rounded bottom on the daily timeframe.ย  Binance Coin (BNB) has continued to look more decent in terms of price action against tether (USDT) after reclaiming a bullish structure. Binance Coin (BNB) has had a favorable response as the prices of altcoins and the crypto market look to bounce…

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Korean police reportedly arrest first person involved in Terra collapse

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After months of investigation without any single arrest and the main offender on the run teasing the enforcers on Twitter, South Korean police have reportedly captured the first person involved in the Terra blockchain ecosystem collapse.ย  The news about the arrest of Yoo Mo, the head of the business team of Terraform Labs, appeared in Korean media on Oct. 6, later the district prosecutor Choi Sung-kook confirmed the information to Forkast. The Seoul Southern District Prosecutorsโ€™ Office issued a bench warrant on Yoo on Oct. 5, reportedly charging him with…

How Blockchain Game Development Services Revolutionize The Industry?

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Blockchain technology entered almost every sphere of modern business. Whether itโ€™s Finance or Healthcare, there is no exception. You will not find Blockchain technology. Among these, blockchain in gaming has become a prominent choice for budding entrepreneurs. It grew from zero to a 3 billion dollar market in 2021 only. Further industry experts projected it will be fueled to $39.7 billion by 2025 with games like Cryptokitties, Gods Unchained, Decentraland, The Last Will, etc. In the race of blockchain gaming industry transformation, NFT, Play to earn, free to play, etc.…

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Egyptian Pound Latest African Currency to Slump to Record Low Versus US Dollar โ€“ Economics Bitcoin News

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The Egyptian pound recently became the latest currency from the African continent to see its value versus the greenback slump to a record low. The poundโ€™s fall came amidst reports suggesting the Egyptian government is hoping to strike a loan deal with the International Monetary Fund (IMF) within a month or two. Egyptian Pound Still Overvalued The Egyptian pound has become the latest African currency to depreciate to a record low versus the U.S. dollar, after it slipped to an exchange rate of 19.6736 for every greenback on October 4.…