Unabomber prosecutor Robert J. Cleary has been given the green light by a U.S. bankruptcy judge to probe law firm Sullivan and Cromwell’s potential conflicts of interests in relation to FTX, according to a Wednesday court filing. What Will Cleary Find in FTX Probe? Cleary’s appointment by Judge John Dorsey marks a key shift in...
Alipay, a leading online payment platform, has partnered with Avalanche, a smart contract blockchain platform, to introduce a voucher program leveraging Web3 technology. Avalanche said the initiative allows brands to test Web3 solutions and how to create new engagement opportunities with their users. Avalanche Partners with Alipay for Web3 Voucher Program in Southeast Asia Announced...
Ripple Labs and the U.S. Securities and Exchange Commission (SEC) agreed on March 19 to seal a proposal to address concerns about an upcoming remedies-related brief in their ongoing legal dispute. The proposal was submitted to the U.S. District Court for the Southern District of New York, to restrict public access to confidential information in...
A Montenegro appeal court denied Do Kwon’s extradition appeal on Wednesday to overturn a ruling mandating his extradition to South Korea. Following a high court ruling in Podgorica on March 5, Kwon is set to be extradited to face charges related to the collapse of Terra in May 2022. His partner, Han Chang-joon has already...
The Russian crypto mining hotspot of Irkutsk appears to be cracking down on illegal and quasi-legal miners. Per a Telegram post from the Irkutsk Prosecution Service, an unnamed crypto miner, aged 35, will “stand trial for stealing electricity” in the town of Cheremkhovo. Irkutsk: Russian Crypto Mining Hotspot Hopes to Avoid Power Drain The move...
South Korean “tax dodgers” have been dealt another blow, with tax authorities in the city of Hwaseong confiscating crypto assets worth over $768,500. Tax officers said they had seized a whopping $567,000 of the total from one single individual. The move is part of a continued nationwide crackdown. South Korean Tax Dodgers in Crosshairs in...
Uzbekistan’s National Agency for Prospective Projects (NAPP) has announced a new directive to raise the monthly fees for those involved in the crypto market within the country. This directive was issued on Tuesday, March 19, 2024, in anticipation that the sector’s revenue will double once the new structure is in place. Uzbekistan Implements Revised Fee...
The U.S. House Financial Services Committee Chair Rep. Patrick McHenry (R-NC) has suggested upcoming advancements in stablecoin legislation before the election. Speaking at a Coinbase event in Washington on March 20, McHenry noted that despite recent Congressional disruptions, a stablecoin bill is nearing readiness for a House vote, reflecting a bipartisan effort and significant groundwork...
The Polygon Proof-of-Stake (PoS) sidechain has successfully executed the Napoli hard fork, adding support for Dencun features and making it the first network to support RIP-7212. The Napoli hard fork introduces three significant upgrades from Ethereum’s recent Dencun hard fork, namely EIP-1153: Transient Storage, EIP-6780: SELFDESTRUCT, and EIP-5656: memory copying instruction. EIP-1153 aims to enhance the efficiency of block...
Cryptocurrency exchange OKX has emailed its users in India to inform them that it will discontinue its services there, urging them to withdraw their funds by the end of April. OKX was among the nine foreign crypto exchanges blocked in India after the local regulators issued compliance notices. OKX Shuts Down Services In India In...