Supreme Court Reverses Do Kwon’s Extradition Case to Lower Court
The Supreme Court of Montenegro overturned Do Kwon’s extradition to either the U.S. or South Korea, which was to be decided by a lower court. The Supreme Court of Montenegro announced on April 5 that it had granted a motion for a stay of proceedings against an earlier ruling that would have permitted Kwon’s extradition […]
DHI, Bitdeer Upgrade Bitcoin Mining to Offset Halving Effects
Druk Holding and Investments (DHI) and Bitdeer Technologies will increase their mining capacity in Bhutan to counteract the possible effects of the Bitcoin halving. According to reports, the Nasdaq-listed Bitdeer and Druk Holding and Investments (DHI), the investing branch of the Bhutanese royal government, have indicated that they will invest in tripling the capacity of […]
Goldman Sachs, Others Join BlackRock Spot Bitcoin ETF APs
BlackRock has added Goldman Sachs, Citigroup, and others as Authorized Providers (APs) for its spot Bitcoin ETF. BlackRock, an American investment management firm, has revised the prospectus for its spot Bitcoin ETF. Aside from the Grayscale Bitcoin Trust (GBTC), the firm’s BTC ETF, known as the iShares Bitcoin Trust (IBIT), is the largest in the […]
Hong Kong ZA Bank Embraces Stablecoin Issuers
Hong Kong’s ZA Bank has announced that it will provide specialized banking services for stablecoin issuers to boost Web3 adoption. The virtual bank, with its headquarters in Hong Kong, said on April 5 that it protects fiat reserves, allowing issuers to use them to support digital assets. Additionally, issuers of stablecoins will have access to […]
FTX Sells 30M SOL Tokens at $64 Each to Industry Giants
Amid bankruptcy, FTX raises $1.9 billion by selling up to 30 million SOL tokens at $64 each to industry titans such as Galaxy Trading. FTX’s bankruptcy administrators have executed the liquidation of a significant portion of their Solana (SOL) token holdings, constituting a pivotal event in the cryptocurrency market. The transaction encompassed the sale of […]