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  South Korean Police investigates Terraform Labs in fraud and laundering:  The Seoul Metropolitan Police announced on June 8th that they had opened an investigation into Terraform Labs. An employee of the company's treasury had allegedly feigned  Bitcoin  holdings.   After more than 100 investors filed complaints against Terra regarding the algorithmic balancing of LUNA and UST, they began an investigation. US SEC opens investigation into Do Kwon & Terraform Labs following founder's cash out of $80 million one month prior to  scandal: On  June 10, 2022, the SEC announced that they are looking into Terraform Labs and its founding member for fraud before and after the scandal. They also want to know when and how it would occur.   Interrogatories were conducted on employees at Terraform Labs (the company Do Kwon founded).   These employees claim that Do Kwon began withdrawing $80 million per month from the protocol's Treasury and his own funds. The funds then went to seve

Crypto Gateway gate.IO Signals Accelerated Blockchain    Cryptocurrencies can solve a variety of use situations that are commonplace in the present. But, despite their value in the facilitation of value transactions without intermediaries the use of these currencies is very limited. A lot of people attribute the limited use to the existing infrastructure, often asserting that the process of conducting any type of cryptocurrency transaction not secure and reliable enough for the common consumer. Gate IO Customer Service . However, the issue isn't that exchanges don't seem reliable or secure. Actually many of the most well-known exchanges have made up in leaps and bounds to improve the user experience. Therefore, the reason why problems arise is with the end-users' association with a platform that has the previous outdated or frustrating experience. Because of this, appropriate branding and better messaging are essential in introducing users to an infrastructure for cryptocur

Burst of Private Crypto-currencies Globally Bitcoin, the most popular private crypto-currency , is worth more than Rs.   5 lakh rupees per coin currently in India.   The Reserve Bank of India (RBI), India's Central Bank, does not allow Bitcoins to be used in India as a payment method.   The RBI also prohibits the use of Indian payment systems in trading and dealing in crypto-currencies .   The RBI prohibits bitcoins from being officially purchased and sold in the country.   It is unknown how many crypto-currencies are currently available in the world.   According to some publications, there are around three thousand crypto-currencies that are traded with a market capitalization of more than $200 billion.   These crypto-currencies cannot be used to make payments in India, like bitcoins. Gate.io Exchange . Private entrepreneurs/ speculators created all the crypto-currencies currently in existence using block-chain technology in a decentralised, non-permissioned manner.   These pr