Crypto News

Terraform creator Do Kwon will be extradited to the U.S., Montenegrin Justice Minister Bojan Božović said Friday.The U.S. and South Korean governments have both sought to take custody of Kwon to face criminal charges related to the collapse of the algorithmic stablecoin Terra/Luna system in 2022, which kicked off a series of high-profile collapses including that of FTX. Kwon, who was arrested in Montenegro in March of 2023 and sentenced to a few months in prison over passport forgery charges, has been fighting his extradition to the U.S. for more than a year. Various courts in the country have ruled in favor of the U.S. or South Korea taking custody of the onetime crypto executive. In his statement on...

The U.S. Treasury’s sweeping IRS rule forces crypto platforms to track and report all transactions, igniting fierce industry backlash and looming legal battles over its survival. US Treasury Expands IRS Reach – Crypto Industry Faces Full Reporting Rule The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have finalized sweeping new regulationsSource link

OpenAI is so Q1 2024. Now it faces a raft of competitors, and the winner of the race to build one AI to rule them all is far from over.Source link

Montenegro has greenlit the extradition of Terraform Labs co-founder Do Kwon to the United States, possibly settling a tug-of-war between the U.S. and South Korea, according to Bloomberg. Do Kwon’s U.S. Extradition Approved Amid Fraud Charges Montenegro’s Justice Ministry made the announcement, highlighting that “most criteria envisaged by the law are in favor of theSource link

XRP’s price is currently chilling at $2.14, having dipped 1.1% in the last 24 hours. With a market cap of $123 billion, it ranks fourth behind tether (USDT), boasts a global trade volume of $5 billion, and has been bouncing between $2.13 and $2.23 today. XRP The daily chart reveals XRP is taking a breatherSource link