22h ago
South Korea Sets Rules Allowing Courts to Seize, Sell Bitcoin for Unpaid Debts From Nov. 1
South Korea's Supreme Court has promulgated Rule 3280, establishing standardized procedures for courts to freeze, transfer and liquidate digital assets in order to recover unpaid debts. The rules cover cryptocurrencies held in exchange accounts and in private wallets. They take effect in November and apply to cases already before the courts, with existing attachment and preservation orders remaining valid. It marks South Korea's first clear judicial enforcement process for disposing of digital assets.
BTC
BTC-0.26%
22h ago
10-10
Sui's Hashi Launches With $500M to Turn Bitcoin Into Productive DeFi Collateral Markets
Hashi, a cross-chain bridge project in the Sui ecosystem, has gone live. In its first phase, the project is bridging $500 million worth of Bitcoin to the Sui network. The goal is to make Bitcoin a yield-bearing collateral asset within DeFi protocols. The launch is intended to raise Bitcoin's capital efficiency in decentralized finance markets and expand Sui's on-chain locked value, while opening up non-custodial Bitcoin lending and yield use cases.
SUI
SUI-1.01%
10-10