Do Kwon Out of Jail, Under House Arrest Pending Extradition Decision

March 24, 2024 Bitcoin.com

bitcoin.com

Multiple sources have reported that Do Kwon, the ex-chief executive officer of Terraform Labs, was set free from jail on Saturday while the high court in Montenegro decides on two separate extradition requests submitted by South Korea and the United States. Terraform Labs’ Former CEO Do Kwon Freed According to various sources, Do Kwon has […]

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UN adopts AI safety and security resolution sponsored by the US

March 22, 2024 The Crypto Briefing

The UN General Assembly has unanimously adopted a landmark resolution to promote "safe, secure and trustworthy."

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United States Leads All Countries With a Staggering $9,360,000,000 Worth of Crypto Gains in 2023: Chainalysis

March 15, 2024 The Daily Hodl

United States Leads All Countries With a Staggering ,360,000,000 Worth of Crypto Gains in 2023: Chainalysis

Asia

New data from market intelligence firm Chainalysis reveals that global cryptocurrency gains topped $37.6 billion in 2023 as asset prices and market sentiment continue to improve after a challenging 2022. In a new report, the crypto analytics platform says that the United States accounted for the lion’s share of realized profits in 2023, hauling in […]

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US Continues Efforts to Extradite Terra Founder Do Kwon

March 8, 2024 Bitcoin.com

bitcoin.com

Despite Montenegro’s High Court ruling for Do Kwon’s extradition to South Korea, the U.S. is not backing down. “The United States continues to seek Kwon’s extradition in accordance with relevant international and bilateral agreements and Montenegrin law,” the Justice Department told Bloomberg, highlighting the ongoing legal tussle over the Terra founder amidst charges linked to […]

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High Court Shifts Extradition Route for Terraform Labs’ Do Kwon to South Korea

March 7, 2024 Bitcoin.com

bitcoin.com

In a recent legal twist, the High Court in Podgorica has ruled in favor of extraditing Terraform Labs co-founder Do Kwon to South Korea. This decision comes after the Montenegro Appeals Court overturned a previous ruling that favored his extradition to the United States, marking a pivotal moment in the ongoing legal battle surrounding the […]

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Montenegro’s Appellate Court Revokes Terra (LUNA) Founder Do Kwon’s Extradition to the US, Orders a Retrial

February 8, 2024 The Daily Hodl

crime

An appellate court in Montenegro is revoking the extradition of disgraced Terra (LUNA) founder Do Kwon to the US and has ordered a retrial. According to a new press release, an appeals court yesterday overturned the decision of the high court made late last year, which ruled that Kwon is to be extradited to both […]

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US National Debt Surpasses $100,000 Per American As Ex-Treasury Secretary Calls for Tax Hikes Amid ‘Enormous Risk’

February 3, 2024 The Daily Hodl

US National Debt Surpasses 0,000 Per American As Ex-Treasury Secretary Calls for Tax Hikes Amid ‘Enormous Risk’

Daily Hodl

The US government’s rapidly climbing national debt has grown to more than $100,000 per citizen. According to data from the Peter G. Peterson Foundation, America’s national debt has reached $34.15 trillion – equal to about $101,591 per capita. Rising revenues are not canceling out the soaring debt, leading to a growing deficit, which is currently […]

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US Pushing To Confiscate $300,000,000,000 After Freezing Assets Owned by Russia’s Central Bank and Members of the Russian Elite: Report

December 31, 2023 The Daily Hodl

Assets

The US is reportedly pushing G7 nations to confiscate $300 billion in Russian assets that were frozen in response to the country’s invasion of Ukraine. America, backed by the UK, Japan and Canada, want to have a proposal on how to take the assets ready in February at the two-year anniversary of the conflict in […]

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More firms set to add Bitcoin to balance sheets after major rule change

December 14, 2023 Coin Telegraph

accouting

The rules allow crypto-holding companies to now report their paper gains, not just losses, which industry observers say could give more firms confidence to buy.

Bitcoin (BTC) and crypto may soon see another mass wave of adoption by U.S.-based firms, after a new accounting rule change that lets companies more accurately reflect the value of their crypto holdings.

Cory Klippsten, the CEO of Bitcoin-only exchange Swan Bitcoin, told Cointelegraph that Bitcoin-holding companies like MicroStrategy and Tesla, which both had to report impairment on their holdings, “can now more accurately reflect their Bitcoin investments’ true value.”

The new Financial Accounting Standards Board (FASB) rules released on Dec. 13 that come into effect on December 2024 see the estimated market value of crypto held by companies represented accurately on companies’ accounting books by allowing them to record when they’re holding assets at a gain.

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Two individuals indicted for $25M AI crypto trading scam: DOJ

December 12, 2023 Coin Telegraph

Two individuals indicted for M AI crypto trading scam: DOJ

Coin Telegraph

Defendants David Gilbert Saffron and Vincent Anthony Mazzotta Jr. allegedly solicited users’ deposits for investment and used them for lavish personal expenditures.

The United States Department of Justice (DOJ) has indicted two individuals for allegedly operating a $25-million artificial intelligence (AI) crypto-trading Ponzi scheme.

According to the Dec. 12 announcement, Australian national David Gilbert Saffron and Los Angeles resident Vincent Anthony Mazzotta Jr. are accused of operating trading programs that “falsely promised to employ an artificial intelligence automated trading bot to trade victims’ investments in cryptocurrency markets and earn high-yield profits.”

After receiving users’ deposits, however, the two individuals allegedly spent the money on “private chartered jet flights, luxury hotel accommodations, private mansion rentals, a personal chef, and private security guards.”

US

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