Stablecoin

Bitcoin, the leading cryptocurrency, surged nearly 5% to cross the elusive 40,000 threshold, marking its remarkable resurgence in over 18 months. This notable climb continued the digital currency's year-long recovery, fueled by anticipations of reduced interest rates and heightened demand from the exchange-traded fund (ETF) sector.

Montenegrin police officers in the capital Podgorica. Photo: BIRN/Samir Kajosevic

"The Montenegrin police has apprehended an individual believed to be one of the most-wanted fugitives, the South Korean national Do Kwon, the co-founder and CEO of Terraform Labs based in Singapore," Adzic said on Twitter. "We are awaiting official confirmation of his identity," he added.

South Korean prosecutors have barred dozens of people connected to Terraform Labs from leaving the country as they expand an investigation into a $40 billion collapse of the company's cryptocurrency that devastated traders around the world.

Bitcoin rose 1.4% on Tuesday, ending the day around $41,300 and remaining near that mark on Wednesday morning. Ethereum added 1.3% to $3080 in the last 24 hours, XRP corrected 0.9% to 0.766, and other top ten altcoins gained 0.7% (BNB) to 4.9% (Terra).

Right from the dawn of time, there has almost never been a more volatile system than the operations of cryptocurrency. After being launched in 2009 officially, the world of cryptocurrency has been gliding up and down the charts of prices. At one point or the other, control of these fluctuations has been the dream of every investor or at least crossed their mind.

On 24 September 2020, the European Commission adopted a Digital Finance Package, which includes a proposal for Regulation on crypto-asset markets and amendments to Directive (EU) 2019/1937. The latter also received support from Slovenia.