News

Crypto Mogul Do Kwon to Be Extradited to US, Montenegro Says

(Bloomberg) -- Terraform Labs Pte. co-founder Do Kwon will be handed over to the US for prosecution, the government of Montenegro said, potentially ending a standoff over competing extradition demands by the US and Kwon’s native South Korea.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024“Most criteria envisaged by the law are in favor of the extradition demands from the institutions of the United States of America,” the Montenegro’s Justice Ministry said in s

Tokenization Has Become Wall Street’s Latest Favorite Crypto Buzzword

(Bloomberg) -- Bitcoin’s record-breaking rally is rekindling hope that the digital-ledger technology that underpins cryptocurrencies will revolutionize everything from recording the ownership of houses to bonds.Most Read from BloombergMigrant Crisis Pushed US Homelessness to Record High in 2024Tokenization, or the process of creating digital representations of real-world assets on a blockchain, has become one of this year’s buzzwords in both conventional and crypto finance circles. The excitemen

Ark's Cathie Wood calls for tax clarity as she rides 'Trump bump'

U.S. tech investor Cathie Wood is calling on Donald Trump's incoming administration to boost economic growth and policy certainty by backdating promised corporate and personal tax cuts to Jan. 1, 2025, she told Reuters. A laggard in recent years, Wood's flagship ARK Innovation exchange-traded fund has surged 17% since Trump's victory, which is expected to bring policy changes that will benefit the fund's holdings. ARKK's other top holdings include Robinhood and Block, both of which could also benefit from friendlier crypto and AI policies.