Calling Do Kwon the enfant terrible of the crypto sector would be almost euphemistic. The founder and former CEO of Terraform Labs is largely responsible for the crash of his ecosystem. In addition to Korean authorities, international investigative authorities such as Interpol are now also looking for Do Kwon for violations of the securities law, among other things. Rightly so: Investors were cheated out of billions, the entire crypto space rushed south. And Do Kwon?
He doesn’t understand the whole breakdown at all. The somewhat eccentric crypto entrepreneur writes on Twitter that he is at home in Korea.
Our podcasters David Scheider and Giacomo Maihofer ask themselves: Is the Terra founder actually trying to make fun of us all?
Compute North bankruptcy: Are Bitcoin miners falling over now?
Bitcoin miners are under massive stress. Rising electricity prices with falling bitcoin prices in an already weak overall market are extremely poor conditions for profitable mining. And yet the hashrate is rising like there’s no tomorrow. What can be the reason?
The case of Ripple (XRP)
Ripple has been involved in a legal dispute with the US Securities and Exchange Commission for years. According to reports, however, the skirmish is entering its last round. A court decision could soon be made as to whether or not Ripple is a Howey Test security. The result is likely to have far-reaching consequences for the entire crypto sector.