#crypto

As detailed in The Crypto Wealth Report 2024, the number of crypto billionaires has risen by 27% over the last year, now totaling 28, while the number of millionaires has soared by 95% to 172,300. This increase closely aligns with the overall market capitalization, which climbed by 89%.

Zhang Moumou, the mastermind behind a $14 billion crypto pyramid scheme, has been extradited from Thailand to China. This event marks the first successful extradition of an economic crime suspect between the two countries since the two countries signed the extradition treaty in 1999.

The Colorado House of Prayer has issued tokens to fund the purchase of a 19th-century stone church building, valued at $2.5 million, which their congregation has rented since 2022. This fundraising initiative is spearheaded by Pastor Blake Bush, known for his keen interest in cryptocurrencies, including investments in Ripple (XRP).

Crypto4Harris, a group of cryptocurrency supporters, along with crypto-friendly Democrats, conducted a virtual meeting today, which had been announced earlier this week, as reported by Reuters.

South Korean tech giant Naver has partnered with blockchain platform Chiliz to launch its first cryptocurrency wallet—Naver Pay Wallet. According to the company, this new non-custodial wallet could potentially provide over 33 million users with access to digital assets.

Blake Benthall asserts that the U.S. government needs to collaborate more closely with cryptocurrency companies to create effective regulations and ensure compliance with the law. He believes that some officials advocate for strict measures due to their misunderstanding of new technologies.

Unlike the Republican Party's platform, the Democratic Party's 91-page document does not mention cryptocurrencies or blockchain. This absence could be interpreted in various ways, suggesting potentially no adverse policies against the sector.

The case involved a plaintiff who claimed that he had not received his agreed-upon salary, termination compensation, and additional promised bonuses.

According to crypto investigator ZachXBT, Sahil Arora, a promoter of numerous celebrity coins, earned approximately $3 million throughout 2024.