Day: November 18, 2022

South Korea seizes $104M from Terra co-founder suspecting unfair profits

Arijit Sarkar

While crypto exchange FTX stole the limelight from other fallen ecosystems, South Korean authorities continue their efforts to bring closure to the victims of the year’s first crypto crash — Terraform Labs. Nearly six months after the Terra (LUNA) blockchain was officially halted, South Korean authorities froze approximately $104.4 million (140 billion won) from co-founder Shin Hyun-seong based on suspicion of unfair profits. The decision to freeze Shin’s asset worth over $104 million was approved by the Seoul Southern District Court, which was based on a request from the prosecutors.…

$138B investment manager Man Group to launch crypto hedge fund: Report

Sam Bourgi

London-based investment manager Man Group Plc is preparing to launch a cryptocurrency hedge fund, signaling continued investor appetite for digital assets in the wake of FTX’s monumental collapse earlier this month.  Bloomberg reported on Nov. 18 that Man Group is preparing to launch its crypto-focused hedge fund through its computer-led trading unit AHL. Citing private sources, Bloomberg disclosed that the new hedge fund could be ready by the end of the year.  A spokesperson for Man Group declined to comment on the matter when asked by Cointelegraph.   Man Group already…

Chiliz Continues To Trend Higher Amidst World Cup Fever; Is $0.4 Possible?

jamesobande

 CHZ’s price shows bullish signs as price breaks out above its range channel showing signs to rally high as FTX fiascos continue.   CHZ’s price trades above $0.25 with the market’s current state, as things look uncertain for most traders and investors.  CHZ’s price bounces from a low of $0.2 on the daily timeframe as the price aims for a rally to $0.4 above the 50 Exponential Moving Average (EMA) The price action displayed by Chiliz (CHZ) in recent times has been encouraging, considering how close the world cup has come.…

Chainlink (LINK) Stays Strong Amidst Market Uncertainty

Alyz

Chainlink (LINK), the leading oracle network, normally performs on the day following the market downturn. LINK has experienced a 1.58% increase in the last 24 hours, trading at $6.22.  Overall, LINK has recorded over 12% loss in the weekly chart. The token had surged higher in the day, reaching a local high of $6.38 before retracting.  The value of Chainlink (LINK) rose earlier today as the market reacted favorably to a combination of events. Brainard’s doveish statements on Monday, a dropping dollar, Zelensky’s peace negotiations commencing, and Biden-Xi meeting not…