South Korea and U.S. Set for High-Level Crypto Regulatory Talks in January
South Korea’s FSS Chief, Lee Bok-hyun, is set to meet with SEC Chair Gary Gensler in January to discuss cryptocurrency market regulation in light of global market changes. (Read More)
Judge Kaplan Denies Bankman-Fried’s Request for Sentencing Adjournment
Former FTX CEO Sam Bankman-Fried’s sentencing hearing, scheduled for March 28, 2024, was postponed by Judge Lewis Kaplan, ensuring the legal process remains on its original timeline. (Read More)
Court Freezes Over $1 Billion in Three Arrows Capital Assets
The British Virgin Islands court has imposed an asset freeze on Three Arrows Capital, highlighting the significant challenges and volatility in the cryptocurrency sector. (Read More)
Bank of China Achieves Groundbreaking $14 Million e-CNY CBDC Settlement in Gold
The Bank of China’s Shanghai branch successfully settled a $14 million e-CNY CBDC for gold, marking a significant advancement in digital currency’s role in international trade. (Read More)
First LG CNS AI cooperation in South Korea and more briefs
Also, FPT has closed a deal to exclusively distribute Nipro’s blood glucose monitors in Vietnam.
U.S. Appeals Court Approves Seizure of Over $3 Billion in Bitcoin from Silk Road
The U.S. Ninth Circuit Court has finalized the seizure of 69,370 Bitcoin from Silk Road, worth over $3 billion, following a landmark legal process affirming the government’s claim. (Read More)
Core Scientific Set for Post-Bankruptcy Revival with NASDAQ Relisting
Core Scientific is set to emerge from bankruptcy in January 2024, with plans to distribute convertible notes and stock, and relist on NASDAQ, marking a significant turnaround for the Bitcoin miner. (Read More)