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The former CEO and co-founder of cryptocurrency company Terraform Labs has been captured in Montenegro, the countrys interior minister said on March 23.

Do Kwon, who is suspected in the loss of investments worth more than $40 billion, was detained at the Podgorica airport with falsified documents, Interior Minister Filip Adzic said.

"Montenegrin police have detained a person suspected of being one of the most wanted fugitives, South Korean citizen Do Kwon, co-founder and CEO of Singapore-based Terraform Labs," Adzic said on Twitter. "We are waiting for official confirmation of identity."

Do Kwon is wanted by the United States, South Korea, and Singapore, Adzic said.

He stands accused of "orchestrating a multi-billion dollar crypto asset securities fraud," according to the U.S. Securities and Exchange Commission (SEC).

"We allege that Terraform and Do Kwon failed to provide the public with full, fair, and truthful disclosure as required for a host of crypto asset securities, most notably for Luna and Terra USD," SEC Chairman Gary Gensler said in a statement in February.

Terra USD was a crypto asset security referred to as an "algorithmic stablecoin" that supposedly maintained its peg to the U.S. dollar by being interchangeable with Luna, another of Kwon's crypto asset securities, the SEC said.

"We also allege that [Terraform and Kwon] committed fraud by repeating false and misleading statements to build trust before causing devastating losses for investors," he added.

An arrest warrant was issued by South Korea in September after Terraform Labs and its cryptocurrency crashed in May.

The arrest warrants named several people linked to the Terra USD and Luna cryptocurrencies, the BBC reported.

South Korean prosecutors previously asked Interpol to issue a red notice for Kwon, saying he refused to cooperate with their probe into the crash.

Many investors lost their life savings when Luna and Terra USD collapsed, falling to a value of near zero. The fallout from the collapse of Terraform Labs also affected the wider crypto market.

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Authorities In Montenegro Arrest Fugitive Sought In Collapse Of Cryptocurrency - Radio Free Europe / Radio Liberty

The cryptocurrency market is experiencing wild swings in volatility. However, despite the short-term setbacks, the space continues to grow and evolve rapidly, and new projects emerge constantly.

Amongst the most promising of these digital currencies are Huobi Token (HT) and Collateral Network (COLT). Analysts have identified these assets as possible top performers in the next year, with Collateral Network (COLT) notably set to surge by over 35x over the course of presale.

>>BUY COLT TOKENS NOW<<

Huobi Token (HT) is a crypto token that is closely tied to the Huobi Group, a leading global digital asset exchange. Huobi Token (HT) has a wide range of utilities, from trading fee discounts to increased liquidity.

Huobi Token (HT) is expected to see increased demand in the near future, driven largely by the increasing demand for Huobis products and services. As an exchange token, the performance of Huobi Token (HT) is largely dependent on the success and growth of the Huobi exchange.

As the exchange expands and adds new features and services, it could attract more users and traders, which could increase the demand for Huobi Token (HT). Additionally, Huobi Token (HT) is expected to benefit from the increasing popularity of decentralized finance (DeFi) projects and applications. If this comes to pass we may see Huobi Token (HT) thrive in the near future.

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Collateral Network (COLT) is a blockchain-based crowdlending platform that allows users to borrow money by using their physical assets as collateral. Collateral Network (COLT) provides access to lending without the need for traditional financial institutions.

One of the key benefits of COLT is that it allows users to retain ownership of their assets while accessing the financial resources they need. The Collateral Network (COLT) platform uses fractionalized NFTs (fNFTs), representing a fraction of an assets value. Lenders can then buy these fNFTs as a form of crowdlending for borrowers loans.

The Collateral Network (COLT) platform is powered by the Ethereum (ETH) blockchain, allowing it to seamlessly connect lenders and borrowers and ensure secure transactions. The blockchain-based platform also eliminates the need for third-party intermediaries and associated fees. This makes Collateral Network (COLT) more cost-efficient than traditional financial institutions.

With COLT, users can borrow against a variety of assets including real estate, fine art, jewelry, and more. The platform utilizes smart contracts and the transparency of the blockchain to facilitate the lending process.

Overall, Collateral Network (COLT) is a unique and innovative platform that leverages the power of blockchain technology to create a more efficient and accessible lending market, and as it seizes this new niche experts predict that the native COLT token could rise by up to 3500%.

Analysts are optimistic about the future of Collateral Network (COLT) as it stands to benefit from the increasing popularity of DeFi projects in the coming years. This quickly expanding DeFi space should provide ample opportunities for growth and success.

Find out more about the Collateral Network presale here:

Website: https://www.collateralnetwork.io/

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk

Disclaimer:This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

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Huobi Token (HT) and Collateral Network (COLT) Are Top ... - Bitcoinist

Over the past 24 hours, Aptos's APT/USD price rose 5.52% to $12.98. This continues its positive trend over the past week where it has experienced a 9.0% gain, moving from $12.16 to its current price. As it stands right now, the coin's all-time high is $19.92.

The chart below compares the price movement and volatility for Aptos over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has increased 13.0% over the past week while the overall circulating supply of the coin has increased 1.06% to over 178.56 million. The current market cap ranking for APT is #31 at $2.33 billion.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Cryptocurrency Aptos Up More Than 5% In 24 hours - Benzinga

NEW YORK, NY, March 22, 2023 (GLOBE NEWSWIRE) -- EPIC announces further improvement of its technology, aiming to become the most decentralized cryptocurrency network. In the original Bitcoin design, Satoshi envisioned that each user would run their own node, however due to technological limitations that haven't been overcome since the 2009 release of Bitcoin, the ground-breaking grandfather of cryptocurrency, more than 99% of the world's 150 million coin owners prefer to let others do the heavy lifting.

And it is heavy. While Bitcoin started out as a phenomenon that could be operated on ordinary PCs, it has descended into an expensive endeavor best left to the technically-savvy. A recent survey in Nigeria determined that full node hardware on average costs $400-$800, which is far beyond the means of most users.

Why is it so expensive? It's bloated! A lot of data needs to be processed - 465 GB at the time of writing, and bloating rapidly due to ordinal NFT's, the latest fad.

Enter $EPIC. Epic Private Internet Cash is a challenger for the title of "Satoshi's Dream", fair-launched in 2019, that uses a novel blockchain compression design known as Mimblewimble.

Mimblewimble compresses unnecessary excess data after every block, which results in a lean, compact chain that is 90+% more space efficient than BTC. EPIC nodes occupy < 5 GB on disk and can be run on the types of hardware commonly found in emerging markets, such as low-end notebooks, obsolete PC's and tablets.

According to data provided by Bitnodes.io, Bitcoin nodes are found in 89 countries.

While the EPIC network has only been operational since September 5, 2019, with 100% uptime since April 2021, it is already running in 129 countries, with far greater coverage in economically-disadvantaged regions where the world's 1.7 billion unbanked are likely to live.

Why does this matter? Many reasons. Blockchain users who run their own nodes cannot be denied the service. People in certain unpopular countries may be blocked through location-based "geofencing", as is currently practiced in Ethereum with Metamask wallets and Infura nodes both refusing to serve those unpopular regions.

A user in Crimea can download free open source software from Github.com and be up and running, with the 5GB blockchain fully synchronized, in under an hour. Once they do, only the complete cut-off of internet access could prevent a user from executing a P2P transaction.

Contrast this with BTC: Bitcoin Core, whose nearly 500 GB blockchain currently takes 3+ weeks to synchronize.

Ethereum's 12+TB chain requires months to bootstrap, which is why 50+% of transactions run through a node hosting service such as Infura. Centralized commercial providers must observe appropriate regulations, with an eventual negative impact on the network's accessibility.

In addition to denial of service, relying on the node of another reintroduces trust into what was originally conceived as a trustless design. Locally validating the blockchain ensures that the data is correct, whereas connecting to someone else's node creates the possibility that they may be presenting an alternate view of the network's current status.

Decentralization is also fundamental to the delicate and nuanced game theory of cryptocurrency networks. The recent transition to Proof-of-Stake consensus in Ethereum has led to the unintended consequence of fully 61% of Ethereum blocks directly censoring transactions according to the diktats of the United States' OFAC SDN sanctions list, as well as founder Vitalik Buterin admitting that Circle effectively has the power to determine the course of future network forks.

EPIC Private Internet Cash, thanks to its revolutionary Mimblewimble blockchain compression, eliminates these concerns.

By seeking the "Spirit of Satoshi", following the original DNA of Bitcoin faithfully while making clever use of 2023 vs. 2009 technology, EPIC puts the bold cypherpunk dream of permissionless, private P2P payments within reach of everyone, everywhere.

"Bitcoin" is defined by its creator as a Peer-to-Peer Electronic Cash System, one in which online payments may be sent directly from one party to another without going through a financial institution. Only by running a local node is it possible to avoid going through a financial institution or resorting to trust. In this way, epic.tech and its 129 countries, are arguably "More Bitcoin than BTC", which has only 89.

Epic Private Internet Cash is free software maintained by a community of 300+ volunteers in 100 countries. The GiverofEPIC.com crypto faucet offers free samples through the 5-star rated Epic Pay wallet. The Epic Cash Help Desk offers 24/7/365 support for new users, especially miners.

To buy Epic Cash, please visit BuyEpicCash.com

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Company: EPIC

Email: ed@epic.tech

Website: https://epic.tech/

SOURCE: EPIC

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EPIC Strives to Be the Most Decentralized Cryptocurrency Network - GlobeNewswire

Algorand's ALGO/USD price has decreased 3.87% over the past 24 hours to $0.22. This is contrary to the coins performance over the past week where it has experienced an up-trend of 6.0%, moving from $0.21 to its current price.

The chart below compares the price movement and volatility for Algorand over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

Algorand's trading volume has climbed 69.0% over the past week along with the circulating supply of the coin, which has increased 0.46%. This brings the circulating supply to 7.13 billion, which makes up an estimated 71.29% of its max supply of 10.00 billion. According to our data, the current market cap ranking for ALGO is #41 at $1.56 billion.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Cryptocurrency Algorand Decreases More Than 3% Within 24 hours - Benzinga