The latest legal victory for Kwon doesn’t necessarily mean that he cannot be extradited at all. The case will be heard again by the court that initially adjudicated on the matter. Therefore, for the time being, the extradition of Kwon is delayed, if not cancelled. Source
WIF had been trading at $1.52 before the announcement, and the price quickly jumped by more than 25%. It was trading recently at $1.80, a 5.61% gain over the past 24 hours. FLOKI, in contrast, dropped by 5.1% and WEN, MAGA, BITCOIN and CUMMIES all fell by more than 10%. The CoinDesk 20 Index (CD20), a measure of the broader crypto market, is up by 5.08% in the same period following bitcoin’s (BTC) surge to $68,500 on Monday. Source
The purchase will be done over a two-year period, developers told CoinDesk. Source
South Korean financial regulators are currently in discussions about potentially allowing spot Bitcoin exchange-traded funds (ETFs) within the country. Lee Bok-hyun, serving as the governor of the Financial Supervisory Service (FSS), revealed ongoing discussions within South Korea’s regulatory bodies. In a recent radio interview, he highlighted that authorities are contemplating the approval of Bitcoin Spot ETFs, with Lee pointing out the mixed opinions within the regulatory bodies. He emphasized ann optimistic stance towards virtual assets against a backdrop of more cautious perspectives from other officials. The discussion around the approval…
Two Binance executives were recently detained in the country, and the exchange’s CEO Richard Teng, has been summoned to appear before a committee. Source
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Stanford University’s Blyth Fund has committed 7% of its portfolio to Bitcoin (BTC). The endowment purchased BTC for $45,000 token. Stanford’s Blyth Fund, under the leadership of Computer Science Major Kole Lee, has embraced Bitcoin as a pivotal element of its diversified investment portfolio. This comes alongside BlackRock’s SEC filing to incorporate Bitcoin exposure, signalling a paradigm shift in institutional attitudes toward cryptocurrencies. Stanford’s decision reflects the broader trend of institutional interest in digital assets, as BlackRock moves to integrate Bitcoin into its $36.5 billion Strategic Income Opportunities Fund. Kole…
Major stablecoin issuer Tether has launched a recovery tool designed for migrating its USDT stablecoin across different blockchains. According to a March 4 announcement, the tool aims to safeguard continuous access to USDT (Tether stablecoin) in the face of potential disruptions across the multiple blockchain networks it operates on. USDT’s architecture, per Tether, is notably independent of any specific blockchain, relying on them purely as a means of transmission. This design philosophy enables its presence on approximately 15 blockchains, such as Bitcoin, Ethereum, Polygon, Solana, Tron, and Tezos. However, network…
Two individuals, a woman and a man, were captured in Argentina on charges of having perpetuated a Ponzi scheme that moved over $400 million in cryptocurrency in Brazil. The operation managed to track the couple’s whereabouts with the help of the Argentine Federal Police and Interpol. Argentina Captures Couple Accused of Orchestrating a $400 Million […] Source
The foundation, which said it won a default judgment in Singapore in January when Multichain failed to respond, is now seeking to liquidate the company, a process that’s equivalent to a Chapter 7 bankruptcy in the U.S., so that any assets can be recovered and distributed. Source