With crypto down on Monday, bitcoin hits three-month low, Bloomberg Wrote.
Sentiment has been hit by a wave of financial tightening that will occur this week in both Europe and the US
The coin fell 7.4% to $18,273 before paring losses, the lowest level since digital asset prices plunged after a Celsius crash in June.
Meanwhile, South Korean prosecutors have asked Interpol to issue a red notice against Do Kwon, co-founder of the now-collapsed Terraform Labs, the Financial Times (FT). Wrote.
Prosecutors said he did not cooperate with an investigation into an internal explosion of $40 billion in terraUSD and Luna coins.
The Seoul Southern District Prosecutor’s Office said it had asked the Foreign Ministry in Seoul to revoke Kwon’s passport, saying he was a fugitive and “obviously” would not appear for questioning.
In more crypto news, the US Securities and Exchange Commission has accused the founder of a crypto investment research firm of promoting an initial coin offering without revealing that he received $5 million for it, Bloomberg Wrote.
Ian Ballina allegedly promoted the SPRK token on various social media and did not say that he got paid by the company that offered it. The report indicated that the description matches Token Metrics, an Austin-based company that provides AI-based crypto ratings and price predictions.
Balina is a crypto asset investor, promoter and influencer who has documented his investment process online.
Additionally, Ethereum investments have seen outflows totaling $15.4 million as investors weigh the integration of the blockchain into a proof-of-stake consensus mechanism, Seeking Alpha. Wrote.
The token itself has fallen by 16% in the past five sessions.
Mike Alfred, a board member of cryptocurrency exchange Iris Energy, said the outflows are happening because no one “wants to participate in a system controlled by wealthy developers who can change the rules once they go down,” calling it a “bloodbath.”
Finally, PGA is partnering with Autograph, the NFT marketplace run by American football player Tom Brady, in order to create its own NFT platform, Coindesk. Wrote.
The combination will see NFTs made from the PGA archive of videos and player data — and all revenue will go to gamers, reports said.
The system will start sometime early next year.
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