London-based asset trading firm entangled in legal dispute over crypto windfall
London-based boutique distressed asset trading firm is embroiled in a legal dispute to secure its share of a substantial windfall resulting from its investments in crypto assets purchased from Sam Bankman-Fried’s FTX crypto exchange. The saga unfolds against a tumultuous crypto market and legal entanglements involving key players. Legal battle unfolds over windfall claim Attestor’s […]
Legal tech startup solve intelligence pioneers AI-powered patent solutions
Solve Intelligence, a legal tech startup specializing in AI-powered solutions for patent attorneys, has secured $3 million in funding from a group of prominent investors, including Y Combinator, Amino Capital, General Advance, SAV, Translink Capital, and Nomad Capital. Solve Intelligence, founded by individuals with deep expertise in artificial intelligence, is addressing a critical gap in […]
Arizona introducing bill to accept Bitcoin as legal tender
TL;DR Breakdown A state senator introduces a bill to make Bitcoin a legal tender in Arizona. Federal law puts hurdles and complications in its passing. The US Constitution does not allow individual states to create their own legal tender. Bitcoin and other cryptocurrencies are making their way into the economic structure of different countries. Therefore, […]
OKEx hires legal counsel to resume withdrawals
OKEx hires an external legal counsel to continue with withdrawals that were once put to a stop. The withdrawals were prohibited on the 16th of October 2020. The update was announced today. OKEx hires legal counsel to resume withdrawals OKEx hires an external legal counsel to continue with withdrawals that were once put to a […]
Bitrue now accepting Ripple’s PayID pre-registration
Bitrue accepts Ripple’s PayID pre-registration Bitrue digital exchange announces PayID pre-registration as they finalize the integration of Ripple’s popular multiplatform payment service. According to an article released by U.Today, the addition of this new service will give PayID’s 120 million current users convenient and simple access to Bitrue. An announcement on Twitter invites followers to […]
Crypto siege in China and Brazil as South Korea embraces digital fiat
A crypto siege appears to be looming in China and Brazil. This comes after one of the biggest banks in Brazil freezes several accounts belonging to firms trading in crypto and related digital assets classes. Caixa Economica, a government fully owned bank froze thee accounts only to reinstate them after five days. According to the […]
South Korea digital asset trading taxation may lead to crypto legalization
A South Korean digital asset trading taxation might usher in a new era of legalizing cryptocurrencies. Imposing taxes on the asset class trading is a surefire signal that the government has bowed to pressure from local crypto users. The last two years have seen the authorities oppose crypto trading but things are looking bright. South […]
Now is a good time to be a crypto lawyer, renowned trial attorney
According to notable crypto lawyer Brian Klein, the pandemic is a great time to become a lawyer as it is necessarily causing business models to disrupt and companies to mull over new strategies and legal disputes. For outsiders like us, it may seem like the pandemic is the worst time to be a crypto lawyer, […]
Facebook cryptocurrency faces close scrutiny by G20 watchdog
The Financial Stability Board (FSB) of the forum for international economic cooperation, G20, has mapped out rules for regulating stablecoins. The guidelines are aimed at preventing the Facebook cryptocurrency called Libra and other digital currencies from destabilizing financial systems. G20 makes ten recommendations for regulating stablecoins G20 comprises 19 different countries and the European Union […]
Binance prepares to fight $1M embezzlement charges
Leading cybersecurity company HackControl has accused the cryptocurrency exchange Binance with embezzlement charges worth one million US dollars ($1 million) after an investigation showed that the exchange misappropriated funds without explanation. It appears that Changpeng Zhao’s Binance will have an uphill battle in front of itself once the coronavirus dust settles down. On 3rd April […]
Japan designs blockchain-powered digital court for digital age
A team of researchers in Japan have designed a blockchain-powered digital court that would make settlement of disputes concerning legal agreements cheaper, faster, and more effective announced an official press release on Monday. Given the blockchain technology’s potential to ensure that the information is stored across multiple computers in such a way that it cannot […]
