Terraform Labs Co-Founder Do Kwon to Be Extradited to the United States

by Александр Пирогов | Dec 8, 2023 | Blog News

Do Kwon, co-founder of Terraform Labs, is reportedly set to be extradited to the United States instead of South Korea to face criminal charges. Montenegro’s Justice Minister plans to grant the U.S. officials’ request for extradition. Kwon, arrested in...

Residents of Swiss City of Lugano Can Now Pay Taxes With Bitcoin

by Александр Пирогов | Dec 8, 2023 | Blog News

The residents of the Swiss city of Lugano now have the option to settle their tax bills and other community fees with Bitcoin (BTC) and the stablecoin USDT. The move is part of Lugano’s effort to integrate blockchain and BTC into various aspects of daily life,...

IBM, Meta, and Others Form ‘AI Alliance’ to Advance AI Development

by Александр Пирогов | Dec 7, 2023 | Blog News

IBM and Meta, along with over 50 tech companies, have established the ‘AI Alliance’ to advance the development of artificial intelligence (AI). The alliance emphasizes commitments to safety, collaboration, diversity, economic opportunity, and universal...

New Jersey Bill Classifies Crypto Tokens Sold to Institutional Investors as Securities

by Александр Пирогов | Dec 7, 2023 | Blog News

A bill introduced in New Jersey seeks to classify all cryptocurrencies issued and sold directly to institutional investors as securities. This contrasts with the U.S. Securities and Exchange Commission’s (SEC) stance, which considers bitcoin not to be a security...

Pro-Blockchain Bill Unanimously Approved by U.S. House Committee

by Александр Пирогов | Dec 7, 2023 | Blog News

A pro-blockchain bill, known as the “Deploying American Blockchains Act,” has received unanimous approval from the U.S. House Committee on Energy and Commerce. The legislation aims to direct the U.S. Secretary of Commerce to support and promote the...

Hong Kong Regulator Takes Action Against Crypto Entities about potential fraud

by Александр Пирогов | Dec 7, 2023 | Blog News

The Securities and Futures Commission (SFC) of Hong Kong has blocked access to the websites of crypto entities Hong Kong Digital Research Institute and BitCuped, citing concerns about potential fraud. The SFC issued a warning, stating that misleading information...