FTX class action lawyers move to block Sullivan & Cromwell’s dismissal motion
Lawyers for FTX class action are challenging Sullivan & Cromwell’s dismissal request, claiming the law firm facilitated FTX’s fraudulent activities.
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SEC nets record $8.2B in fines, Australia considers crypto tax framework: Law Decoded
The SEC reported an unprecedented $8.2 billion in fiscal penalties, mainly due to Terraform Labs’ record $4.47 billion settlement.

Investors to File Lawsuit Against CEO of Alleged $17M Cryptocurrency Scam
Investors in an alleged $17 million crypto scam are filing a lawsuit with the Port Elizabeth High Court against the CEO of VaultAge Solutions. 1554 Total views 44 Total shares Investors in the South African cryptocurrency firm VaultAge Solutions are planning to file a case against company CEO Willie Breedt for allegedly scamming 2,000 investors…

What are flash loans in DeFi?
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The US Secret Service Issues Ransomware Warning
The US Secret Service issued a security alert about ransomware attacks. 1429 Total views 20 Total shares The U.S. Secret Service issued a warning about an increase in hacks targeting managed service providers, or MSPs, of both the U.S. private sector and various government entities.According to a document published by ZDNet on June 7, threat…

Bitcoin mining can help reduce up to 8% of global emissions: Report
The report highlighted that Bitcoin mining can convert wasted methane emissions into less harmful emissions. 787 Total views 21 Total shares A paper published by the Institute of Risk Management (IRM) concluded that Bitcoin (BTC) has the potential to be a catalyst for a global energy transition. IRM Energy and Renewables Group members Dylan Campbell and

Chinese city of Jinan accepts CBDC payments for bus rides
The Chinese city of Jinan is making a push for CBDC adoption by implementing digital yuan payments across its entire bus network. Jinan, the capital of eastern China’s Shandong Province, has begun encouraging the adoption of the country's central bank digital currency (CBDC) program by introducing the acceptance of digital yuan payments across all its…

Spiderman NFT sells for 12.75 ETH as Marvel comic artists land on Ethereum
With great rarity apparently comes great value. An Ethereum-based Spiderman NFT just sold for $25k as Marvel comics enter the blockchain realm. 3462 Total views 23 Total shares A unique Spiderman drawing by Marvel comics artist Adam Kubert has sold for 12.75 Ether (ETH) ($25,000) after being turned into a non-fungible token on the Ethereum blockchain.…

LibertyX launches Bitcoin-to-cash sales at ATMs in United States
LibertyX wants to provide instant Bitcoin cashouts as the token hits new 2020 highs. 424 Total views 9 Total shares LibertyX, a major retail network of Bitcoin (BTC) ATMs in the United States, is expanding Bitcoin sales options at thousands of its ATMs.According to an Oct. 26 announcement, LibertyX has enabled a Bitcoin cashout feature…