The U.S. Securities and Exchange Commission (SEC) has agreed to delay the trial of Terraform Labs and its co-founder Do Kwon pending Mr. Kwon’s extradition. This is according to a filing filed by the SEC with the U.S. District Court for the Southern District of New York on January 15, 2024. The trial, originally scheduled to begin on January 29, is now proposed to begin on March 18, 2024.. Kwon, who is currently in Montenegro following his arrest in March 2023, is accused of facilitating a $40 billion cryptocurrency fraud. The SEC, fully prepared to proceed with the trial, joined…
Author: Crypto Flexs
Read More
Bitcoin (BTC) closed last week at around $41,750, down 5.0% from the first week of the new year, at around $43,750. The price showed significant volatility, mainly influenced by the approval of the BTC spot ETF, which heightened market dynamics. The week began with a strong upward trend on Monday in anticipation of approval, witnessing a 9.0% price increase and reaching nearly $47,000. On Tuesday, BTC reached close to $48,000 before facing significant volatility due to false news about the approval, before falling below $45,000 before stabilizing around $46,000 overnight. The SEC on Wednesday granted approval for a BTC spot…
With the threat of artificial intelligence to democracy a top concern for policymakers and voters around the world, OpenAI announced plans Monday to ensure transparency in AI-generated content and improve trustworthy voting information ahead of the 2024 elections.Since the release of GPT-4 in March, generative AI and its potential for misuse, including AI-generated deepfakes, have become a central part of the conversation surrounding AI’s meteoric rise in 2023. By 2024, we could see serious consequences from such AI. Misinformation has dominated important election periods, including the US presidential election.“As we prepare for elections in the world’s largest democracy in 2024,…
Cardano’s DEX trading volume has surged amid ongoing discussions about stablecoins on the network. Cardano-based stablecoin USDM has confirmed its launch update. Cardano (ADA) has seen its price drop significantly over the past month amid renewed interest in altcoins. Despite these modifications, there may be optimism about ADA as interest in the ecosystem expands. volume surge One indicator of growing demand in the Cardano ecosystem has been the rise in popularity of decentralized exchanges (DEXs). Minswap, a popular DEX for Cardano, has seen a surge in daily trading volume, surpassing 10.5 million ADA. This increase in DEX volume suggests a…
Gulf Binance, a joint venture between Binance and Thailand’s Gulf Innova, has launched cryptocurrency exchange services for the general public in Thailand. Invite-only test November.In a statement shared with The Block today, Binance said that Gulf Binance, founded by Binance Capital Management and Gulf Energy Development, will begin full operations of Binance TH, a cryptocurrency exchange and brokerage platform. According to the statement, Thai users can buy and sell cryptocurrencies by linking their Binance TH account with their local currency.The launch of the Thai exchange comes after the company. Acquired cryptocurrency exchange and brokerage license From the National Treasury in…
Amid much anticipation approval Regarding Bitcoin spot exchange-traded funds (ETFs), which have sparked excitement in the cryptocurrency industry and opened the door to institutional investment, International Monetary Fund (IMF) Managing Director Kristalina Georgieva said: expressed critical views about it. Aren’t cryptocurrency assets the same as money? In recent years interview Speaking with Yahoo Finance, Georgieva emphasized the distinction between money and cryptocurrency assets when discussing cryptocurrencies. According to Georgieva, cryptocurrencies should be considered an asset class rather than a form of currency. She highlighted the different levels of security and risk associated with different cryptocurrencies depending on whether the asset…
Bitcoin goes back to $42,000. Venezuela Ends Petro Crypto ProjectThe U.S. Securities and Exchange Commission’s approval of a new spot Bitcoin exchange-traded fund (ETF) may not attract as much new capital as some market participants expect, according to a research report from JP Morgan. While it is unclear how much new capital these ETFs will attract, JP Morgan believes there is potential for significant inflows from other cryptocurrency products. Market reaction to the SEC’s approval has been relatively muted, with the focus now turning to potential inflows. of capital. Analysts are skeptical of the optimism surrounding the approval, and it…
The upcoming phone will have the same basic features as its predecessor, called Saga, including an onboard cryptocurrency wallet, custom Android software and a ‘dApp store’ for cryptocurrency applications, but will be cheaper and have different hardware, the sources said. original phone cost $1000 It was first released last year, but the price was lowered due to poor sales.
The U.S. Securities and Exchange Commission is not opposed to delaying Terra’s cryptocurrency fraud trial and is instead open to waiting for Terraform co-founder Do-Hwan Kwon to be extradited. Federal prosecutors have filed two court arguments for the trial of Do-Kwon Kwon and his blockchain startup Terraform Labs in connection with the collapse of $40 billion TerraLuna (LUNC) and TerraUSD (UST) in May 2022. The SEC agreed to “appropriately postpone” the Terraform case until mid-April while proceedings on Kwon’s extradition from Montenegro continue. The U.S. Securities and Exchange Commission (SEC) also argued that it was opposed to a separate trial…
Special Offer • January 15, 2024 10:51 PM EST Posted 1 minute ago In ~ Hong Kong’s HashKey Group has raised about $100 million in a Series A funding round at a pre-valuation of more than $1.2 billion, the company said.In a statement released today, HashKey said it plans to use the newly raised capital to develop its Web3 ecosystem, strengthen compliance and expand its product offering for licensing businesses in Hong Kong.HashKey did not disclose which investors participated in this round.Last year, HashKey Exchange became one of the first cryptocurrency exchanges. obtain a license Under Hong Kong’s new licensing…