Open source software isn’t property, and current sanctions laws are ill-equipped to handle this, lawyers argue. Source
Lawyers Challenging U.S. Tornado Cash Sanctions Say Free Speech Is at Stake
Month: May 2023
Ripple Acquires Undisclosed Stake in Crypto Exchange Bitstamp
San Francisco-based blockchain company Ripple has taken an undisclosed minority stake in cryptocurrency exchange Bitstamp in the first quarter of this year, according to the latest transcript of Galaxy Digital’s shareholder conference call. Ripple acquired the stakes from Pantera Capital, a US-based digital asset investment firm, and Galaxy Digital advised on the deal. “On the back of a record year for our investment banking team, we advised Pantera, a leading blockchain asset management firm on the sale of its stake in European digital asset exchange Bitstamp to Ripple Labs in…
Terra Do Kwon’s Detention in Montenegro Extended After High Court Decision to Revoke Bail
The High Court decided against the bail approval after it found the Basic Court did not sufficiently assess the the value of the defendant’s property, saying the lower court could not accept the value of defendants’ property “based on their statements, but only concrete evidence,” that was, in this instant, not in the case files. Source
Crypto Exchange Bitget Partners With Copper to Drive Institutional Adoption
Bitget’s integration with ClearLoop will allow institutional clients of both companies to hold digital assets within Copper’s infrastructure while at the same time delegating those assets to trade on the exchange. Client assets are deposited on Copper’s platform and then linked to a Bitget account. Source
Ripple Strengthens Its European Presence with Acquisition of Pantera’s State at Bitstamp Crypto Exchange in Q1
XRP price gained more than 34% YTD to trade around $0.45 as Ripple widens its portfolio in Europe. Following a string of hostile crypto regulatory frameworks in the United States and the lack of goodwill from the Securities and Exchange Commission (SEC) to stop enforcement actions, digital assets firms have opted to diversify through Europe or other friendly markets. Already, several centralized exchanges – including Gemini Trust Company LLC and Coinbase Global Inc (NASDAQ: COIN) – have shifted focus to seeking regulatory approvals in crypto-friendly markets like the European Union.…
Bitcoin-Based ‘Space Pepes’ Led Weekly Trading Volumes Among NFT Collections
BAYC and Mutant Ape Yacht Club (MAYC), another collection from the same creators, logged a cumulative volume of $9 million. ImmutableX-based Gods Unchained clocked $4 million in volumes, while the controversial Milady collection saw $3 million worth traded. Original
Bitcoin's 'Ichimokou Cloud' Suggests Deeper Drop Toward $24K: Technical Analysis
Ichimoku Cloud, created by Japanese journalist Goichi Hosada in the 1960s, is widely used to gauge momentum and trend strength. Original
Tornado Cash DAO Attacker Starts to Move Ether, TORN Tokens
The proposal looks as though it will pass when voting closes on May 26, though it’s unclear when the action will be executed. However, if it does, the malicious code will be removed and the governance of Tornado Cash’s DAO will go back to token holders. Source
Fahrenheit Wins Bid to Acquire Assets of Insolvent Crypto Lender Celsius
The bid, though accepted by Celsius and a committee of its creditors, must still be approved by regulators to finalize the acquisition. Months ago, Bankruptcy Court Judge Martin Glenn warned “regulatory roadblocks” could plague the sale of Celsius much like it thwarted a fellow lender’s acquisition. In April, crypto exchange Binance.US abruptly terminated its purchase of bankrupt crypto lender Voyager’s $1 billion in assets after federal officials appealed the sale, citing the “hostile and uncertain regulatory climate” in the U.S. Source
Matter Labs hires Activision Blizzard executive to bolster zkSync gaming
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Michael Lee, who was most recently the vice president of community at Activision Blizzard, has been promoted to senior vice president of growth at Matter Labs. Incorporating gaming into the zkSync platform will be Lee’s key focus. In a statement, Lee emphasized his conviction that cryptocurrency is still waiting for its breakthrough application. He said a great game could draw millions of players overnight and swiftly grow to tens of millions when it is created and pleasurable to…