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Investing.com – The price of the LUNA token fell 45% in three hours after the arrest warrant of the founder of Terraform Labs, and traders lost $ 355 million in one day amid fluctuations in the cryptocurrency market: these and others important news of the cryptocurrency market in our review.
South Korea issues arrest warrant for crypto ecosystem co-founder Terraform Labs Do Kwon writes Bloomberg. According to the prosecutor’s office, Do Kwon and five others were accused of violating national capital market laws. According to the authorities, all six defendants are in Singapore.
The price of the token (LUNA) of the new Terra 2.0 network fell by 45% within three hours of news that a South Korean court had issued an arrest warrant for Do Kwon. The cryptocurrency’s price fell from $ 4.35 to $ 2.40, according to Coincecko. The value of the coin also fell after news of the actions of the South Korean authorities. The token is currently trading at $ 0.0002866, showing a daily decline of 22%.
Cryptocurrency traders lost $ 355 million in one day due to forced closing of positions, according to data Coinglass service. In just 24 hours, 98,700 traders’ trades were liquidated. The largest closed position was $ 4.25 million matched to. In general, the largest number of losses occurred in transactions with – $ 132 million. Positions of $ 126 million were liquidated paired with Ethereum.
The Bank of Russia is skeptical about the prospects of legalizing private digital money, declared The first vice president of the central bank Vladimir Chistyukhin, speaking during the online lesson “How the financial market works”. He noted this due to the fact that there is now a great deal of discussion in the country about the legalization of the circulation of such goods.
The mining difficulty after the subsequent recalculation increased by 3.45% and updated the all-time high to around 32.05T, according to BTC.com. The complexity of the network determines the amount of computing power needed to find a new block in the bitcoin blockchain. This setting changes every 2016 blocks, or roughly every two weeks. This is necessary to keep the blocking time around 10 minutes, writes RBC.
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Text prepared by Timur Aliev
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