News

Montenegro on Tuesday extradited a South Korean mogul known as “the cryptocurrency king” to the United States, following a decision of its justice ministry earlier this month to accept a U.S. request, while refusing a South Korean handover plea, the Balkan country’s authorities said. Police said that officers of the National Central Bureau of Interpol in Montenegro handed over Do Kwon, the founder of the Singapore crypto firm Terraform Labs, to FBI officers at the Podgorica Airport border crossing. “Today, on December 31, 2024, he (Do Kwon) was handed over to the competent law enforcement authorities of the United States of America and agents of the Federal Bureau of Investigation (FBI),” a police statement said.

Tether has transferred 7,629 Bitcoin (BTC), valued at approximately $700 million, to its strategic reserve account.

Yum, Ralph Lauren upgraded: Wall Street's top analyst calls

Strategist Jim Paulsen says the economic backdrop is pointing to a slowdown in 2025 and this could drive down stocks.

As Bitcoin is highly correlated with higher risk assets, it responds strongly to changes in liquidity in the traditional finance system.

It remains to be seen how the cryptocurrencies will perform in 2025, but experts offer clues.

(Bloomberg) -- While Bitcoin’s surge above $100,000 captivated the headlines in 2024, many financial firms were more focused this year on a different type of cryptocurrency whose price is never meant to rise — or fall for that matter. Most Read from BloombergDetroit’s Michigan Central Is the Building Revival Story of 2024Burned Out Parents Need Better Public SpacesMake a Transit-Oriented New Year’s ResolutionMainstream players such as Visa, PayPal Holdings Inc., Stripe Inc. and others are making