Shin and seven others are charged with fraud, breach of duty, embezzlement, and violation of the country's Capital Markets Act while Kown is currently in prison in Montenegro for illegal possession of fake travel documents.
With Kwon locked up in Montenegro, authorities are now looking into the possibility that the TFL CEO has outside help in moving funds.
BlackRock's interest in Bitcoin is a bullish move but many are still wondering about the timing of the filing and what could be the reason for this revived interest in providing services related to the world's largest crypto asset by market capitalization.
Crypto enthusiasts believe that having a local stablecoin would help with de-dollarization.
Bitcoin saw a 1.4% gain Monday, with bulls reclaiming the $31,000 resistance level and trading at $31,153. This reflects a 54.4% growth of the crypto asset over the past 30 days with a cumulative yearly gain of 63.5%.
Buterin shared his ETH staking strategy and suggested that he has done it since he has a complicated level of safety.
The lawyer's prediction is a little early compared to the forecast made by another pro-Ripple lawyer and crypto law founder John Deaton, who previously predicted, using data, that Judge Torres' judgment could come out on Sept. 6.
Industry watchers and commentators, however, think that it is just "buying the dip," or the market "overreacting" and pointed out that the news is positive for the applications.
A Binance spokesperson said that the exchange could not share details of its conversations with regulators but claimed that it had the "right team and measures in place to continue our discussions with regulators in Germany."
The XRP community and the broader cryptocurrency industry eagerly await the court ruling in the ongoing legal battle between blockchain firm Ripple Labs and the U.S. Securities and Exchange Commission (SEC) despite that many rumored dates in the past turned out to be wrong.
The federal judge said that Bankman-Fried's arguments "are either moot or without merit," underlining that the 31-year-old crypto executive will stand on trial for 13 federal counts on Oct. 2.
The report, if accurate, is bullish for the cryptocurrency industry, which, over the past weeks, has experienced market turmoil following the regulatory enforcements executed by the US financial watchdog, SEC.
Binance immediately responded to the news and claimed that it was in communication with the Belgian regulator and was saddened by the recent development.
FTX Debtors led by CEO John Ray III plan to execute the sales process sometime in Q3 to Q4 of this year and will select a "stalking-horse bidder."
Brazilian President Luiz Inácio Lula da Silva revealed the nation's plan to raise the issue of de-dollarization at the next meeting of BRICS.
Powell's latest remarks on the stablecoin draft bill underline his position on the crypto asset class, which runs in contrast to that of SEC chair Gary Gensler.
While the SEC has rejected proposals in the past, with BlackRock leading the charge, industry watchers are optimistic the financial watchdog might change its mind this time.
Aside from its market share that is slowly shrinking, the exchange is facing the uncertain regulatory environment in the U.S., the lawsuit filed by the U.S. SEC, a loan that needs to be paid, and a possible breakup with a banking partner.
The U.S. SEC had attempted to prevent the documents from being made public.
Ripple Labs has been fighting the financial watchdog in court for years long before the crypto industry crackdown.
"This fight has damaged our business and our reputation but not our fighting spirit or our resolve to defend ourselves against unwarranted charges and 'regulation by enforcement' tactics that do not belong in our system of justice," the exchange said.
Kwon is also embroiled in Montenegro's politics after he admitted through a letter to the prime minister and justice department of the country that he financially supported the political party Europe Now.
The world's largest CEX by trading volume announced the shut down of its operation in the Netherlands on Friday
"The Shares have been designed to remove the obstacles represented by the complexities and operational burdens involved in a direct investment in Bitcoin," the Blackrock's application read.
While the court has yet to rule on Celsius' proposal, it is already being met with opposition.
Kwon will have to wait for six months in custody as the Montenegro court decides on the request of South Korea for his extradition.
It isn't clear how the court's decision in the Bahamas would affect Sam Bankman-Fried's prosecution in the United States, but it may have led to the latest move by the prosecution to temporarily stop pursuing the five charges filed after SBF's Bahamas extradition.
"Since the CFTC and the SEC have not been able to figure this out, we're gonna have to have Congress step in and draft legislation that will unblock this issue in the United States," the Coinbase CEO said.
The SEC told the court in a Tuesday filing that Coinbase's writ of mandamus "should be denied" and revealed that despite the seven-day deadline, it "has not decided what action to take on Coinbase's rulemaking petition."
The Hinman documents, which contain internal communications within the SEC regarding a speech delivered by Hinman despite warnings from other divisions of the financial regulator, were unsealed Tuesday.