Search results for PACT
Crypto
Lawsuit in New York seeks control of 3.7 million dormant bitcoin including Satoshi addresses
A lawsuit has been filed in a New York court seeking transfer of ownership of long-dormant bitcoin wallets, including addresses linked to Satoshi Nakamoto and the Mt. Gox hack. The plaintiff, using the name Noah Doe, argues under New York’s lost property law that inactive bitcoin should be treated as abandoned. The case targets 39,069 wallets said to hold about 3.7 million bitcoin, valued at about $290 billion, but industry figures question whether any ruling could be enforced.
Finance
Fintech hot issue: Financial markets sway on high oil prices and weak won; refinancing loan war breaks out
Financial market jitters in South Korea are growing as the Middle East war drags on, pushing oil prices higher and strengthening the dollar. The won has risen above 1,500 per dollar, near the highest level in about 17 years, while foreign outflows add to volatility in the KOSPI. Separately, banks, internet-only lenders and fintech platforms are intensifying competition for sole proprietor refinancing loans as infrastructure opens up.
Finance
Shinhan Bank joins plastic reduction initiative PACT
Shinhan Bank said on Tuesday it joined PACT (Plastic ACTion), a global plastic reduction initiative led by the World Wide Fund for Nature, becoming the first bank in South Korea to do so. The bank said it plans to expand cooperation with WWF and promote activities to reduce plastic use. It also plans to support related companies through its core financial business and expand green and transition finance to contribute to a shift to a circular economy.
