In March, the South Korean national was arrested in Montenegro over the alleged possession of falsified documents along with fellow Terra executive Han Chang-Joon. South Korean officials were already searching for Kwon, and following his arrest, the country requested Kwon’s extradition, as did the U.S. Kwon also faces possible jail time in Montenegro over the document forgery case. Source
Cryptocurrencies have received a lot of interest in recent years because they provide a decentralized and digital form of money. However, widespread acceptance continues to be a struggle. Allowing consumers to earn digital assets is one potential method for increasing cryptocurrency adoption. In this article, we will look at how to earn digital assets and how it affects bitcoin acceptance. We will examine whether allowing users to earn digital assets may expedite the general acceptance of cryptocurrencies, from the benefits for individuals to the ramifications for businesses and the wider…
The largest cryptocurrency rose more than 1.3% in the hour after the announcement. Source
Goldman Sachs is currently facing scrutiny from the Federal Reserve and Securities and Exchange Commission (SEC) regarding its involvement in the purchase of Silicon Valley Bank’s securities portfolio prior to the bank’s collapse, The Wall Street Journal has reported, citing sources familiar with the matter. Breaking: Goldman Sachs is being investigated by the Federal Reserve and the Securities and Exchange Commission over its role in Silicon Valley Bank’s final days https://t.co/L7buF8TfvX — The Wall Street Journal (@WSJ) June 15, 2023 According to the report, both agencies are investigating Goldman Sachs’ actions…
Goldman Sachs is currently facing scrutiny from the Federal Reserve and Securities and Exchange Commission (SEC) regarding its involvement in the purchase of Silicon Valley Bank’s securities portfolio prior to the bank’s collapse, The Wall Street Journal has reported, citing sources familiar with the matter. Breaking: Goldman Sachs is being investigated by the Federal Reserve and the Securities and Exchange Commission over its role in Silicon Valley Bank’s final days https://t.co/L7buF8TfvX — The Wall Street Journal (@WSJ) June 15, 2023 According to the report, both agencies are investigating Goldman Sachs’ actions…
Sotheby’s auction house has sold a piece of digital artwork from the collection of collapsed crypto hedge fund Three Arrows Capital (3AC) for more than $6 million. According to auction records updated June 15, Dmitri Cherniak’s artwork ‘The Goose’ sold for roughly $5.4 million in addition to Sotheby’s premium fees, totaling just over $6.2 million. The nonfungible token (NFT) artwork was part of 3AC’s digital portfolio assembled in 2021. Su Zhu and Kyle Davies, 3AC’s co-founders, purchased ‘The Goose’ in August 2021 for 1,800 Ether (ETH), roughly $5.8 million at the…
Sotheby’s auction house has sold a piece of digital artwork from the collection of collapsed crypto hedge fund Three Arrows Capital (3AC) for more than $6 million. According to auction records updated June 15, Dmitri Cherniak’s artwork ‘The Goose’ sold for roughly $5.4 million in addition to Sotheby’s premium fees, totaling just over $6.2 million. The nonfungible token (NFT) artwork was part of 3AC’s digital portfolio assembled in 2021. 3AC co-founders Su Zhu and Kyle Davies purchased ‘The Goose’ in August 2021 for 1,800 Ether (ETH), roughly $5.8 million at…
Other highlights included Tyler Hobbs’ Fidenza #479, which sold for $622,300, Snowfro’s Chromie Squiggle #1780, which sold for $635,000, Larva Labs’ Autoglyph #218 and Kjetil Golid’s Archetype #397, both of which sold for $330,200 each. All the NFTs in the auction sold for higher than their estimates. Source
Bitcoin is up 50% so far in 2023, beating major commodities and stock indexes. Filip Radwanski | Sopa Images | Lightrocket | Getty Images Asset management giant BlackRock took the first steps on Thursday to launch a spot bitcoin exchange traded fund, which has long been a point of contention between crypto advocates and federal regulators. The firm filed an application with the Securities and Exchange Commission to launch the iShares Bitcoin Trust. If approved, the ETF would allow easy access for investors to get exposure to crypto in a…
The SEC has rejected numerous attempts by other fund companies to launch a spot bitcoin ETF. Original