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Terraform Labs founder Do Kwon has pleaded guilty to wire fraud and conspiracy to defraud after the US charged him in 2023 over the $40 billion collapse of Terraform.  Inner City Press reported the guilty plea at a New York court hearing today, where Kwon, dressed in a yellow prison jumpsuit, submitted his plea to Judge Engelmayer and waived his rights to trial.  The plea follows months of requested extensions as both US prosecutors and Kwon’s legal team engaged in “productive talks.” In one hearing, it was suggested that a money laundering charge should be litigated in advance. Two years ago, the US charged Kwon with two counts of commodities fraud, two counts of securities fraud, two counts of wire fraud, two counts of conspiracy to commit said frauds, and one count of money laundering conspiracy.  Do Kwon and US gov’t ask to delay legal filings for a third time Read more: Explained: SEC allegations against Do Kwon and Terraform Labs If found...

A potential policy shift in the United States could signal a new direction for cryptocurrency regulation under President-elect Donald Trump. Reports suggest that Trump is drafting an executive order to elevate the status of cryptocurrency as a national priority. This proposed move may redefine how digital assets are regulated, contrasting with the approach seen during President Biden’s administration. The plan emphasizes aligning cryptocurrency with federal strategies and fostering partnerships between private enterprises and government bodies. It also aims to bolster the credibility and integration of digital currencies within the broader financial system. In light of the positive crypto market wave, this article outlines other affordable tokens, particularly the best altcoins to watch today. 6 Best Altcoins To Watch Today Bitcoin Cash (BCH) is currently valued at $462.61, showing a 4.27% rise in the past 24 hours. Solaxy ($SOLX) has gained attention in the cryptocurrency mark...

On Nov. 1, The Brazilian Securities Regulator, CVM, announced that it might create a new superintendence to deal with crypto-related market regulation. João Pedro Nascimento, president of the organization, said that the regulator is currently suffering from a lack of personnel that makes it challenging to give the attention needed to the growing cryptocurrency market . Brazilian Securities Regulator CVM to Create Separate Crypto Regulatory Institution The growth of the cryptocurrency market is causing troubles for some regulatory agencies around the world that lack the manpower needed to reach all actors in the market. The Brazilian Securities Regulator, CVM, announced on Nov. 1 that it will create a crypto-specific superintendence with the objective of exercising the needed oversight over all participants in the market. Joao Pedro Nascimento, president of the CVM, stated that one of the causes of this decision is the lack of manpower the organization is experiencing right now, wh...