A court in Montenegro has stopped the process of sending Do Kwon, the co-founder of Terraform Labs, back to the U.S. This decision marks the third successful appeal made by Kwon to block his extradition. The Court of Appeals in Montenegro has canceled the extradition of Do Kwon to the U.S. This decision came after…
The Chinese government, through its state-sponsored media agency, Economic Daily, has once again cautioned against investing in cryptocurrencies despite the current bullish market conditions. This warning comes despite China’s purported ban on crypto trading and mining implemented in 2021. Despite the ban, China continues to be one of the largest digital asset markets globally. This…
The Financial Supervisory Commission (FSC) plans to introduce new regulations for digital assets in Taiwan by September 2024. The proposed draft bill aims to improve regulations in digital asset markets and ensure the safety of investors. Huang Tien-mu, the chairman of the FSC, provided this information in a news report by UDN on March 4….
Authorities in Dalian, a city in China’s Liaoning province, issued a warning to investors about fraudulent schemes posing as crypto or metaverse investment opportunities. The notice, released by Chinese financial regulators and local police, cautions investors to be cautious of “illegal fundraising activities” that promise high returns through cryptocurrency and metaverse investments. This alert comes…
February 20th is looming large in the Ripple vs. SEC lawsuit, as the discovery deadline approaches. This critical juncture could unlock pivotal evidence that shapes the court’s decision on remedies for Ripple, potentially setting a precedent for digital asset regulation. Ripple and the SEC are in a race against time to gather evidence to bolster…
Excitement buzzes in the world of cryptocurrencies as the Securities and Exchange Commission (SEC) deals with a flood of Bitcoin ETF applications. SEC Chair Gary Gensler shakes things up by sharing a bunch of careful messages on Twitter, creating a stir in the crypto community. Gensler’s Cautions on Crypto Investments Gary Gensler’s recent Twitter thread…
In the United States, a court has officially approved an agreement between Binance, a digital asset exchange, and the Commodity Futures Trading Commission (CFTC). This comes almost a month after the former CEO, Changpeng ‘CZ’ Zhao, admitted guilt to charges linked to anti-money laundering violations. The resolution of this case holds significance as it has…
In an unexpected twist, the Appeals Court in Montenegro has said no to an earlier decision by a top court in the country that gave the green light for Terraform Labs founder Do Kwon to be sent to either South Korea or the United States. The Appeals Court in Montenegro has canceled the High Court…
The U.S. Securities and Exchange Commission (SEC) is in hot water over claims of tricky dealings, and they might face repercussions in the Terraform Labs lawsuit. The U.S. Securities and Exchange Commission (SEC) is facing challenges in the Terraform Labs case, currently in legal proceedings in the Southern District of New York. The trial, set…
A judge said the SEC’s lawyers could face penalties for making untrue arguments that led to a court order freezing a crypto company’s assets. The judge expressed concern that the SEC attorneys had presented false and misleading information, according to a court document filed on Thursday. The court had imposed a temporary restraining order on…