Crypto Currency

Israel Approves Launch of Six Bitcoin Mutual Funds on Dec. 31

On December 31, Israel will debut six Bitcoin mutual funds approved by the Israeli Securities Authority. This move offers local investors an easy route to invest in Bitcoin and bypass the challenges of direct cryptocurrency ownership and trading. Israel Launches Bitcoin Mutual Funds  Israel is set to launch six Bitcoin mutual funds on December 31…

Published 6 hours ago in
Israel Approves Launch of Six Bitcoin Mutual Funds on Dec. 31

On December 31, Israel will debut six Bitcoin mutual funds approved by the Israeli Securities Authority. This move offers local investors an easy route to invest in Bitcoin and bypass the challenges of direct cryptocurrency ownership and trading. Israel Launches Bitcoin Mutual Funds  Israel is set to launch six Bitcoin mutual funds on December 31…
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Crypto Currency

SimpleSwap Analysts Unveil 2025 Crypto Market Outlook

PRESS RELEASE – George Town, Cayman Islands, December 27th, 2024] As the cryptocurrency sector continues its evolution, SimpleSwap, a user-friendly cryptocurrency exchange platform, has shared its market insights for 2025. Analysts from SimpleSwap, Rick S. and Henry B., have provided an overview of anticipated trends that may shape the industry in the coming year…

Published 6 hours ago in
SimpleSwap Analysts Unveil 2025 Crypto Market Outlook

PRESS RELEASE – George Town, Cayman Islands, December 27th, 2024] As the cryptocurrency sector continues its evolution, SimpleSwap, a user-friendly cryptocurrency exchange platform, has shared its market insights for 2025. Analysts from SimpleSwap, Rick S. and Henry B., have provided an overview of anticipated trends that may shape the industry in the coming year…
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Crypto Currency

Russia Bans Crypto Mining in 10 Regions

Reading Time: 2 minutesThe Russian government has approved a mining ban in specific regions starting January 1, 2025, lasting until 2031 Authorities aim to balance energy consumption and address disparities in electricity tariffs across regions Russia has softened its view on crypto mining in recent years and is promoting in some areas for extra income

Published 6 hours ago in
Russia Bans Crypto Mining in 10 Regions

Reading Time: 2 minutesThe Russian government has approved a mining ban in specific regions starting January 1, 2025, lasting until 2031 Authorities aim to balance energy consumption and address disparities in electricity tariffs across regions Russia has softened its view on crypto mining in recent years and is promoting in some areas for extra income The Russian Cabinet has introduced a sweeping ban on cryptocurrency mining in several regions…
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Crypto Currency

Do Kwon will be extradited to the US to face charges over Terra’s $40 billion crypto crash

Do Kwon, the co-founder of the collapsed cryptocurrency firm Terraform Labs, will be extradited to the US to face federal fraud charges, as reported earlier by Bloomberg. The Montenegro Ministry of Justice announced the decision on Friday, which comes more than one year after the authorities arrested Kwon in the country. Kwon faces charges in

Published 6 hours ago in
Do Kwon will be extradited to the US to face charges over Terra’s $40 billion crypto crash

Do Kwon, the co-founder of the collapsed cryptocurrency firm Terraform Labs, will be extradited to the US to face federal fraud charges, as reported earlier by Bloomberg. The Montenegro Ministry of Justice announced the decision on Friday, which comes more than one year after the authorities arrested Kwon in the country.

Kwon faces charges in the US and South Korea after the TerraUSD stablecoin and its sister token Luna crashed in 2022, causing investors to lose $40 billion in the process. Both countries have issued extradition requests for Kwon, and have been awaiting Montenegro’s decision for months.

“It was concluded that most of the criteria provided for by law support the extradition request of the competent authorities of the United States of America,” a machine-translated version of Montenegro’s Ministry of Justice’s statement said. It doesn’t say when Montenegro plans on releasing Kwon to the US. As noted by Bloomberg, it’s also unclear whether this decision is final, since Montenegro ruled to extradite Kwon to South Korea in August.

Federal prosecutors in New York charged Kwon with wire fraud, commodities fraud, securities fraud, and conspiracy to defraud and engage in market manipulation last year. In June, Terraform Labs and Kwon agreed to pay more than $4.5 billion to settle a separate lawsuit from the Securities and Exchange Commission.

Do Kwon, the co-founder of the collapsed cryptocurrency firm Terraform Labs, will be extradited to the US to face federal fraud charges, as reported earlier by Bloomberg. The Montenegro Ministry of Justice announced the decision on Friday, which comes more than one year after the authorities arrested Kwon in the country.

Kwon faces charges in the US and South Korea after the TerraUSD stablecoin and its sister token Luna crashed in 2022, causing investors to lose $4

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Crypto Currency

Terraform Labs co-founder Do Kwon will face fraud charges in the US

Do Kwon, the co-founder of collapsed cryptocurrency startup Terraform Labs, will be extradited from Montenegro to the U.S. to face federal fraud charges, as first reported by Bloomberg. Kwon faces charges in both the U.S. and South Korea; Terraform Labs’ TerraUSD and Luna cryptocurrencies crashed in 2022…

Published 6 hours ago in
Terraform Labs co-founder Do Kwon will face fraud charges in the US

Do Kwon, the co-founder of collapsed cryptocurrency startup Terraform Labs, will be extradited from Montenegro to the U.S. to face federal fraud charges, as first reported by Bloomberg. Kwon faces charges in both the U.S. and South Korea; Terraform Labs’ TerraUSD and Luna cryptocurrencies crashed in 2022…
Read More

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