News list for " first installment"
According to Chosun Ilbo, An Dujie, a member of the Democratic Party of South Korea, will officially submit the draft "Law on the Issuance and Circulation of Value Stable Digital Assets" today. This is the first systematic legislative proposal in South Korea for the issuance, circulation and supervision of Korean won-denominated stablecoins. It is more special project than the stablecoin provisions involved in the Basic Law of Digital Assets of Member Min Byung-deok last month. It is worth notin...
The Cardano Foundation on Wednesday released its first Financial Insights report detailing spending in 2023 on operations, education and adoption. The foundation allocated $19.22 million in those three areas and another $4.55 million for central operating costs. As of December 31, 2023, the total assets of the Cardano Foundation are $478.24 million, of which 82.5% are held in ADA, 10.1% in BTC, and the remainder in USD liquidity.
Celsius bankruptcy administrators said in its first payment status report that more than $2.53 billion has been distributed to about 251,000 creditors. The payments were made in liquid cryptocurrency and cash at Jan. 16 prices. Administrators said in court papers filed Monday that they cover about two-thirds of all eligible creditors of cryptocurrency lenders, or about 93 percent of eligible value. Another 121,000 eligible creditors have an average share of about $1,500, but have yet to successf...
