Do Kwon, the co-founder of Terraform Labs, faces severe legal repercussions as he has been extradited to the U.S. from Montenegro. Following the collapse of the TerraUSD and Luna cryptocurrencies, Kwon could face up to 130 years in prison if convicted on multiple fraud charges. The U.S. Justice Department is pursuing substantial charges, including securities ...
In December 2023, Eric Trump spoke at the Bitcoin Mena 2024 conference in Abu Dhabi, celebrating a potential shift in U.S. policy under his father, President-elect Donald Trump. He promised that Trump would be the most pro-crypto president and connect the struggles of the cryptocurrency industry with the Trump family’s experiences. Trump has plans to ...
Montenegro has extradited South Korean cryptocurrency entrepreneur Do Kwon to the United States. He is also wanted in South Korea due to the bankruptcy of his firm, which has caused significant financial losses. The Montenegrin interior ministry announced that he was handed over to U.S. law enforcement and FBI agents. This development comes after Kwon’s ...
MoonPay, a digital assets platform, has become one of the first companies approved under Europe’s new cryptocurrency regulation, known as the Markets in Crypto-Assets (MiCA). This regulation aims to create a unified legal framework for digital assets across the European Economic Area. MoonPay’s approval reflects its commitment to compliance and security as it plans to ...
Hong Kong lawmaker Wu Jie has urged the government to consider including Bitcoin in its fiscal reserves as a way to adapt to the evolving global economy. He suggests that by investing a small percentage of reserves into cryptocurrencies, particularly Bitcoin, the government could potentially protect against inflation and reduce reliance on traditional assets like ...
In a recent CNBC interview, BitGo CEO Mike Belshe shared his optimistic outlook for the cryptocurrency Market in 2024 and 2025. He believes the incoming pro-crypto administration in Washington D.C. could positively impact the industry, although the effects of new regulations might take time to fully materialize. Belshe sees that larger corporations will increasingly allocate ...
In today’s Market update, the ASX 200 is up by 0.3%, reaching 8,491 points, while the Australian dollar has slightly increased to 64.33 US cents. Notable movements include Bitcoin surging 3.2% to hit $101,000, significantly influenced by Donald Trump’s new SEC pick, Paul Atkins, seen as friendly to cryptocurrency. Meanwhile, BHP’s president is advocating for ...
During a recent speech at the VTB ‘Russia Calling’ Investment Forum, Russian President Vladimir Putin emphasized that it is impossible to ban Bitcoin and digital currencies. He noted that these innovations will continue to evolve as people seek more cost-effective and reliable financial solutions. Additionally, Russia has officially recognized digital currencies as property for foreign ...
Cryptocurrencies took a hit today after news broke that the U.S. is investigating the issuer of Tether, a stablecoin that supports much of the trading in digital assets. This has raised concerns in the market, causing prices to dip across various cryptocurrencies. Traders are now watching closely as the situation develops.
