Ronin Network Recovers from $622M Hack; Older Cryptos Resurge as Terraform Labs Faces Fraud Charges Over Stablecoin Collapse and Paraguay Combats Illegal Crypto Mining

• Ronin is an Ethereum sidechain for gaming that offers faster and cheaper transactions than Ethereum's mainnet. It originally used proof of authority but switched to delegated proof of stake in 2023.

• The Ronin network experienced a $622 million hack in March 2022, but affected users were later fully refunded.

• Older cryptocurrencies like NEO, VeChain, EOS, and IOTA are seeing a resurgence in interest and value.

• Terraform Labs and its founder Do Kwon were found liable for civil fraud charges by the SEC related to the collapse of the TerraUSD stablecoin.

• Paraguay is facing a power crisis due to a surge in illegal crypto mining, and has introduced a bill to temporarily ban crypto mining.