Skip to main content

Featured Story

Produced by Daniel Aharonoff & Mogul Media AI

Bitcoin's All-Time High: Adjusting for Inflation

Bitcoin's All-Time High: A Perspective on Inflation Adjustments As Bitcoin inches closer to its all-time high, the cryptocurrency landscape is buzzing with discussions about whether its previous peak should be adjusted for inflation. With the U.S. Bureau of Labor Statistics' Consumer Price Index (CPI) inflation calculator suggesting a revised target of approximately $75,000, the debate intensifies. This adjustment isn't merely academic; it reflects the evolving role of Bitcoin in the financial ecosystem, especially as it vies for status as a serious inflation hedge. Understanding the All-Time High Previous Peak : Bitcoin reached an all-time high of nearly $69,000 in November 2021. Inflation Adjustment : Adjusting for inflation brings the real target closer to $75,000, emphasizing the need to consider economic conditions over time. Bitcoin as an Inflation Hedge Despite the volatility associated with Bitcoin, it continues to be regarded as a potential safeguard a
Post a Comment
Read more
Produced by Daniel Aharonoff & Mogul Media AI

Legal Battle Unfolds: Terra Co-Founder Do Kwon Seeks Trial Delay Amid Extradition Proceedings

Do Kwon, co-founder of Terra, has requested a delay in the Securities and Exchange Commission (SEC) trial against him in the U.S. pending his extradition from Montenegro. In a recent filing, Kwon's lawyers expressed that his extradition is not expected until February or March, making an adjournment to mid-March a more feasible timeline for his attendance. However, should the court refuse to postpone the trial date, Kwon's legal team plans to request that the jury be instructed on his absence and inability to testify in a manner that does not unfairly prejudice him. The jurisdictional conflict between the U.S. and South Korea over Kwon's case has escalated, with both countries pursuing criminal charges against him for his alleged involvement in the 2022 collapse of the Terra ecosystem.

Key Points:

  • Do Kwon seeks trial delay pending extradition from Montenegro
  • Request for adjournment until mid-March for realistic attendance possibility
  • Potential jury instruction requested if trial date is not extended
  • U.S. and South Korea both pursuing criminal charges against Kwon
  • Charges include financial crimes, fraud, and manipulation of transaction volumes
  • Collapse of Terra ecosystem in 2022 led to bankruptcy declarations in related crypto projects
Email Post

Comments

Post a Comment

Trending Stories