[Weekly Blockchain] Major Blockchain News in the 4th Week of December
[Weekly Blockchain] Explore This Week’s Blockchain Trends with LEDGIS!
2023 is really just around the corner, and there was a lot of different news in the blockchain market this year.
Let’s take a look at what issues happened this week, which was the last week of 2023.
Detailed information on each news can be found by referring to the respective articles.
👉 The U.S. SEC wins in the trial against Do Kwon, the CEO of Terra/Luna.
According to Kyunghyang Games, the U.S. Securities and Exchange Commission (SEC) has won in the lawsuit against Do Kwon, the CEO of Terraform Labs, the issuer of the ‘Terra/Luna’ cryptocurrency. The lawsuit accused Terraform Labs of issuing unregistered securities.
Reuters reported on December 29th that Judge Jed Rakoff of the U.S. District Court for the Southern District of New York issued a summary judgment in favor of the U.S. SEC, stating that Do Kwon, the CEO, provided and sold ‘unregistered securities.’
With the local court rendering a summary judgment in favor of the SEC, there is a growing likelihood that CEO Do Kwon, currently detained in Montenegro, may face extradition to the United States.
👉 Public Officials’ Assets, Checked All at Once through Integrated Service… Includes Virtual Assets Too
According to Yonhap News, the Ministry of Personnel Management announced that the disclosure of individual public officials’ assets, which was previously carried out separately, will now be provided through the Public Ethics Transparency Information System (PETI).
Starting next year, public officials will be required to register the virtual assets they own, and high-ranking officials of Grade 1 or higher will also need to report their transaction details.
Approximately 290,000 public officials who are obligated to register their assets, ranked Grade 4 or above, will register their properties in the system. Among them, the assets of around 5,800 high-ranking officials of Grade 1 or higher are scheduled to be disclosed collectively.
👉 Changpeng Zhao Increased His Wealth by $23 Billion This Year… Ranks 37th in the World
According to TokenPost, it has been revealed that the personal wealth of Changpeng Zhao, the founder and former CEO of Binance, the world’s largest cryptocurrency exchange, increased by over $23 billion this year.
Bloomberg explained, “Such substantial wealth is derived from Binance’s dominant stake.”
👉 Coin Crime Losses During ‘Crypto Winter’ Decrease from 1 Trillion Won to 350 Billion Won
As the virtual asset market experienced a downturn, referred to as the ‘Crypto Winter,’ throughout this year, ChosunBiz reported that the damage caused by domestic virtual asset-related crimes has decreased.
The waning interest in virtual assets amid a bear market is seen as a contributing factor to the reduced motivation for utilizing them in criminal activities.
However, there are warnings that virtual asset-related crimes could revive, given the recent substantial price increases in not only Bitcoin but also altcoins (coins other than Bitcoin and Ethereum).
That’s all for today’s news.
Thank you for being with us again this week on [Weekly Blockchain].
Wishing you all a Happy New Year!
