Judge Will Decide on Do Kwon’s Extradition In a recent decision by the Podgorica High Court, Do Hyeong Kwon, the former chief executive of Terraform Labs, is set to be extradited after serving a four-month sentence in Montenegro for fabricating travel papers. The United States and South Korea have both submitted extradition requests, and the
Introduction The Virtual Assets Regulatory Authority (VARA) in the United Arab Emirates (UAE) has announced that Bored Gen DMCC (BG), the issuer of the Islamic Coin, has fully cooperated with their ongoing investigation into the token's issuance and distribution. However, BG still needs to obtain appropriate approvals before distributing the Islamic Coin (ISLM) in the
UAE Virtual Assets Regulator Confirms Cooperation from Islamic Coin Issuer Read More »
Introduction Renowned author Robert Kiyosaki, famous for his book "Rich Dad Poor Dad," has once again advised investors to embrace alternative investments such as gold, silver, and bitcoin while urging them to ditch fiat currency. Kiyosaki has been a vocal advocate for these assets and believes that workers and savers in U.S. dollars are at
Robert Kiyosaki Urges Investors to Get into Bitcoin and Ditch Fiat Money Read More »
Optimism Surrounding Bitcoin ETF Approval Former New York Stock Exchange (NYSE) President Tom Farley recently discussed the potential impact of the U.S. Securities and Exchange Commission (SEC) approving spot bitcoin exchange-traded funds (ETFs) and its implications for the cryptocurrency industry. In an interview with CNBC, Farley, who served as the NYSE Group President from 2014
Bitcoin and Ethereum See Modest Gains In the past week, the value of bitcoin increased by a modest 2.7% against the U.S. dollar, while ethereum saw a rise of 6.5%. While these gains were relatively small, a number of other cryptocurrencies experienced significant double-digit increases, with Blur's token BLUR leading the way with a staggering
7-Day Crypto Snapshot: BLUR, APE, KLAY, and MINA Lead This Week’s Market Rallies Read More »
Stablecoins Experience Multi-Billion-Dollar Market Expansion in Three Weeks In recent weeks, the market value of leading stablecoins has surged, signaling a significant growth in the economy of these fiat-pegged tokens. The market has witnessed a remarkable increase from $123.66 billion to the current $129.14 billion, amounting to nearly $6 billion. This growth comes after the
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JPMorgan Analyst Predicts Potential Impact on Bitcoin Price JPMorgan, a global investment bank, has issued a cautionary statement regarding the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). According to the bank's analysts, such approval could result in "severe downward pressure on bitcoin prices." They estimate that the
JPMorgan Warns Approval of Spot Bitcoin ETFs Could Put Downward Pressure on Prices Read More »
CZ Opposes Government's Motion Former Binance CEO Changpeng Zhao (CZ) has filed an opposition to the U.S. government's motion for review of the judge's ruling on his presentencing travel restrictions. The government had charged Zhao with failing to maintain an effective anti-money laundering program and also filed a parallel Information against Binance for non-compliance with
Former Binance CEO CZ Seeks Dismissal of US Government’s Motion to Prevent Return Home Read More »
Introduction On November 24, 2023, Bitcoin's price has shown a steady rise, reaching $37,903. The past 24 hours have seen BTC fluctuate between $36,972 and $38,078, with a trading volume of $17.41 billion. These numbers indicate strong market activity to close the week. Currently, Bitcoin's market capitalization stands at $737 billion. Optimistic Technical Indicators The
Bitcoin Technical Analysis: Bulls Eye $38K Amid Stiff Resistance Read More »
Reasons Behind Wallet of Satoshi's Departure from the U.S. Last Friday, Wallet of Satoshi, a prominent provider of Lightning Network payment services, announced its decision to exit the U.S. market. While the company did not explicitly state the reasons behind this move, it informed its U.S. clientele that they could easily withdraw and transfer their
Wallet of Satoshi Halts U.S. Operations: What You Need to Know Read More »