Cryptocurrency was mixed early Monday morning as bitcoin and dogecoin were lower, but ethereum was higher.
Bitcoin was trading at approximately $39,030, down 0.09%, while dogecoin was trading at approximately 11.5 cents per coin. Meanwhile, ethereum was trading at almost $2,600, up 0.66%, Coindesk reported.
Last week’s South Korean presidential election pitted conservative Yoon Suk-yeol, who promised to seize profits gained through illegitimate means, versusLee Jae-myung, who pledged to offer a framework for security token offerings (STO) and a national tokenization project that would allow for some sort of social dividend paid out by real estate speculators.
In other cryptocurrency news, self-proclaimed Bitcoin creator Craig Wright must pay another $43 million to a joint venture he co-created, adding to a $100 million verdict against him last year, a federal judge in West Palm Beach, Florida, ruled Wednesday.
A jury in December found that Wright unlawfully seized intellectual property belonging to the joint venture with late computer forensics researcher Dave Kleiman, W&K Info Defense Research. U.S. District Judge Beth Bloom awarded the additional $43 million in interest on damages W&K suffered from when he took control of the IP in 2013 until the court's final judgment.
Wright had argued that W&K should only be entitled to interest measured from October 2021, when the IP's value was highest, through December.