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James Wallis said the decision that Ripple's sale of XRP did not constitute investment contracts was a major victory, not just for Ripple but also for the industry. Original Source
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Bankrupt crypto exchange FTX and crypto lender Genesis have reached an agreement in principle to resolve the claims brought by FTX in its bankruptcy case.On July 27, legal counsels for both firms sent a letter to bankruptcy Judge Sean Lane stating that they had agreed to a settlement.However, the agreement
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The Web3 ecosystem could become the next golden opportunity for digital marketers, with almost 200 companies already thinking deeply about how to utilize the Web3 tech stack.On July 25, Web3 marketing analytics firm Safary released a comprehensive report titled “The Web3 Growth Landscape 2023."It noted that the 2010s were the
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In a recent development, a judge of the Singapore High Court has declared that cryptocurrencies are personal properties. The court likened crypto to fiat money, and since fiat passes as personal property, crypto should pass as one, too, the court reasoned. Genesis Of The Case Judge Philip Jeyaretnam made this declaration in
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Craig Wright, an Australian computer scientist who claims he is blockchain innovator Satoshi Nakamoto and owns the concepts underpinning Bitcoin, must pay 400,000 British pounds ($516,000) in security for legal costs to pursue claims against crypto exchanges Coinbase and Kraken. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The U.S. District Judge John Koeltl issued an order to give prosecutors an extension on the Alex Mashinsky case On July 25. The decision give prosecutors more time to gather evidence before the criminal trial, which
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Attorneys with the United States Department of Justice have extra time to make discovery and give former Celsius CEO Alex Mashinsky’s defense team time to review related documents.In a July 25 order, U.S. District Judge John Koeltl said he would exclude the time between July 25 and Oct. 3 from
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The federal judge overseeing the criminal case against former FTX CEO Sam Bankman-Fried (SBF) has proposed an order preventing all involved parties and their attorneys from largely contacting the media.In a July 24 letter filed with United States District Court for the Southern District of New York, Judge Lewis Kaplan
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It added, “[That includes] statements about the identity, testimony, or credibility of prospective witnesses, information that has not been deemed admissible at trial, and statements intended to influence public opinion regarding the merits of this case.” Original Source
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The latest development in the lawsuit of the United States Securities and Exchange Commission (SEC) versus cryptocurrency exchange Coinbase comes as a date is confirmed for the two parties to voice their initial arguments. On July 24, Coinbase’s chief legal officer Paul Grewal tweeted the news of New York judge Katherine
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