Bitcoin reserve law pitched in New Hampshire
AA new bill introduced by Rep. Keith Ammon could allow New Hampshire’s treasury to hold Bitcoin as a reserve asset. The Republican Representative Keith Ammon proposed legislation that would establish a strategic Bitcoin (BTC) reserve for the state, enabling the state’s treasury to custody BTC alongside traditional assets like gold, silver, and platinum. Rep. Ammon’s […]
Dutch law student arrested for multi-million crypto fraud
A 24-year-old Dutch law student has been arrested on suspicion of defrauding nearly 300 investors through a failed crypto trading scheme. Police apprehended the man in Hengelo, Netherlands, following months of investigation into allegations of fraud and embezzlement tied to the disappearance of between €1.5 million and €4.5 million ($1.6 million to $4.6 million). The […]
Coinbase accused of market manipulation, Kraken Australia hit with $5M fine: Law Decoded
A lawsuit against Coinbase concerns allegations under the Sherman Act of attempted monopolization of the Wrapped Bitcoin market. Source link
Martial law causes Bitcoin crash to $65K in South Korea — Here’s why
One analyst said South Korea’s limiting of the market to a few players caused a sudden decrease in liquidity. Source link
Long-time stakeholder in Upbit’s parent seeks exit just day after South Korea lifts martial law: report
Woori Technology, a long-time shareholder in Dunamu, parent company of crypto exchange Upbit, plans to exit after nine years, following a failed coup in South Korea. Woori Technology Investment, a South Korean venture capital firm, is reportedly planning to sell its nine-year stake in Dunamu, the parent company of crypto exchange Upbit, local media outlet […]
BTC/KRW pair dipped 30% as South Korea’s president declared martial law
In response to the martial law declaration, opposition Democratic Party leader Lee Jae-myung expressed concern that the military would arrest members of South Korea’s parliament. Source link
South Korean martial law catapults crypto trading volume to new record high with $34b
After the implementation of the South Korean martial law, the country’s five major crypto exchanges recorded a spot trading volume of over $34 billion in the past 24 hours, setting a new record high. According to data from CoinMarketCap, in the past 24 hours the combined crypto spot trading volume from Upbit, Bithumb, Coinone, Korbit […]
Crypto markets claw back as South Korea reverses martial law
South Korean President Yoon Suk Yeol has reversed his declaration of martial law after six hours of heightened tension at South Korea’s National Assembly. Source link
FTX saga ends as Sam Bankman-Fried gets 25 years in prison: Law Decoded
Judge Lewis Kaplan of the United States District Court for the Southern District of New York sentenced Sam “SBF” Bankman-Fried to a total of 25 years in prison following his conviction on seven felony charges. Source link
