Phoebe's Bitmingham Beat - U.S. to challenge Do Kwon's extradition to South Korea / Travala.com launches Bitcoin cashback program / MIT, Harvard alumni start blockchain accelerator [EN]

U.S. to challenge Do Kwon's extradition to South Korea / Travala.com launches Bitcoin cashback program / MIT, Harvard alumni start blockchain accelerator [EN]

03/09/24 • 18 min

The U.S. DOJ continues to seek the extradition of Terra co-founder Do Kwon despite a Montenegrin court favoring his extradition to South Korea, Ether hits a 27-month high amid a broader market rally, the Athens Stock Exchange plans to launch a fundraising tool on the Sui blockchain, and Nissan introduces a new metaverse experience on Meta's Quest VR headsets.

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undefined - Binance.US lays off 200 employees amid SEC scrutiny, filings reveal / Revolut partners with MetaMask / Bitstamp receives in-principle approval in Singapore [EN]

Binance.US lays off 200 employees amid SEC scrutiny, filings reveal / Revolut partners with MetaMask / Bitstamp receives in-principle approval in Singapore [EN]

Binance.US laid off two-thirds of its workforce following an SEC lawsuit, Coinbase's app surged in rankings amid a Bitcoin rally, ShapeShift settled with the SEC for $275,000, Revolut partnered with MetaMask for crypto purchases, Bitstamp received approval for a payment license in Singapore, and Spain's data protection agency halted Worldcoin's operations over privacy concerns.

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undefined - Wyoming grants DAOs legal status / Biden's budget proposal involves crypto once again / LSE to accept applications for crypto-backed ETNs [EN]

Wyoming grants DAOs legal status / Biden's budget proposal involves crypto once again / LSE to accept applications for crypto-backed ETNs [EN]

U.S. President Joe Biden proposes new taxes on crypto mining and digital asset rules expected to generate $42B over the next decade, Bitcoin surpasses silver in market cap becoming the eighth largest asset globally, Wyoming legalizes decentralized autonomous organizations (DAOs), the London Stock Exchange plans to accept applications for Bitcoin and Ether backed exchange-traded notes in Q2 2024, South Korea to launch a crypto-focused asset management system by 2025 to combat tax evasion, and Nexon Group partners with Ava Labs to launch MapleStory on the Avalanche blockchain network.