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On Tuesday, the appeals court in Montenegro made a significant decision regarding the extradition request for Do Kwon, the co-founder of Terraform Labs. The court overturned the previous decision to extradite him to the United States, allowing Kwon to remain in Montenegro for the time being. However, the final decision regarding his extradition lies with […]

Cantor Fitzgerald CEO Howard Lutnick Is a Tether Fan Howard Lutnick, the CEO of Cantor Fitzgerald, a prominent private financial services company on Wall Street, recently confirmed the business relationship between his firm and Tether, the issuer of the largest stablecoin in the cryptocurrency market. During an interview on CNBC's Money Movers, Lutnick expressed his

NFT Trader Compromised: Loss Estimated at $2.85 Million According to reports and confirmation from the peer-to-peer non-fungible token (NFT) market platform, NFT Trader, the platform recently experienced a security breach. The assailant took advantage of an outdated smart contract, leading to the theft of esteemed digital collectibles worth nearly $3 million. The stolen NFTs included

BONK Takes the Lead in the Meme Coin Market In recent weeks, the meme-inspired cryptocurrency bonk (BONK) has seen remarkable growth against the U.S. dollar, surpassing pepe (PEPE) to become the third largest meme coin by market capitalization. Within just a month, BONK, which is built on the Solana blockchain, has surged by an impressive

Goldman Sachs on Spot Bitcoin ETF Hype Global investment bank Goldman Sachs has advised investors against anticipating a sudden and immediate surge in the price of bitcoin upon the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Nonetheless, Goldman Sachs highlighted that the "ability to actually transact a

Georgetown Professor's Letter to SEC A finance professor at Georgetown University, James Angel, has written a letter to the U.S. Securities and Exchange Commission (SEC) regarding spot bitcoin exchange-traded funds (ETFs). Professor Angel specializes in the market structure and regulation of global financial markets and has urged the SEC to avoid micromanaging the creation/redemption process

On Thursday, the Seychelles-based crypto exchange Bitget announced its decision to implement comprehensive Know Your Customer (KYC) policies across its platform. These new KYC requirements will come into effect on December 15, 2023. Bitget Introduces Mandatory KYC Procedures Bitget is updating its compliance with relevant financial regulations by introducing new KYC guidelines. The initial announcement

FOMC Meeting Concludes with Rate Outlook The recent FOMC meeting held significant importance as it marked the final gathering of 2023. In the weeks leading up to the meeting, Federal Reserve officials maintained a flexible stance when questioned about the future direction of interest rates. Over the past few months, FOMC members have been repeatedly

Treasury Secretary Janet Yellen, in a recent interview with CNBC, shared her insights on the state of the US economy and the potential risks it faces. As the Federal Reserve maintains its current interest rates, Yellen highlighted the importance of managing two key risks: inflation not reaching the target and a weakened economy. Yellen's Perspective

Saudi Aramco, the largest oil and gas company by market cap, has formed a strategic partnership with SBI Holdings, a prominent financial services group in Japan. The purpose of this collaboration is to explore the possibility of investing in digital assets. As part of its expansion plans, SBI Holdings intends to establish a subsidiary in