Do Kwon’s Extradition to US is Revoked Again
The extradition of Do Kwon, co-founder of Terraform Labs, has been revoked for a second time by the Montenegro Court of Appeals.
Frax Finance Deploys Fraxtal L2 Blockchain
Frax Finance, a DeFi project, has successfully implemented its own secondary network on the Ethereum platform, called Fraxtal. This network is currently available to a limited number of “launch partners.”
Poland City Launches a Stablecoin for Local Businesses
The city of Minsk Mazowiecki in Poland, which has a population of 37.5 thousand people, has launched its own stablecoin called MinsCoin.
Hong Kong Exploring Possibility of Issuing a Stablecoin Pegged to the Yuan
The Hong Kong Chamber of Commerce has suggested creating a stablecoin that would be backed by the Chinese yuan, which would benefit companies engaging with mainland China and other Asian nations.
Crypto Investors’ Average Profit in 2023 Exceeded $800
In 2023, the average gain for individuals who hold digital assets was $887.6, whereas the previous year saw an average loss of $7,102.
Nayib Bukele Will Develop the Crypto Market in El Salvador
Bukele announced the issuance of $1 billion in Bitcoin bonds, which will take place before the end of the first quarter of 2024.
MicroStrategy Purchases $37M in Bitcoin
According to MicroStrategy, it acquired an addition of 850 BTC in January, bringing its total holdings to 190,000 BTC.
