Rejection of Class Action Suit Against Bitfinex and Tether
The stablecoin issuer Tether and cryptocurrency exchange Bitfinex won a major legal battle when Chief Judge Laura Taylor Swain of the United States District Court for the Southern District of New York rejected a class action lawsuit against Tether. In a lawsuit filed in 2021, plaintiffs Matthew Anderson and Shawn Dolifka claimed that Tether had
The High Court of Singapore has ruled that cryptocurrencies may be held in trust as legal property.
Judge Philip Jeyaretnam of Singapore’s High Court recently issued a judgement that shocked the cryptocurrency industry by saying that digital currencies are not different from fiat money. On July 25th, the court issued a judgement establishing that cryptocurrencies may be held in trusts. Singapore Judge Categorizes Cryptos as Property The judge’s ruling runs counter to
The Conic Finance DeFi Protocol Had $3.2 Million Worth Of Ethereum Stolen By Hackers.
Two distinct hacking events in recent days have resulted in the loss of over $3.2 million worth of Ether (ETH) from the decentralised finance (DeFi) protocol Conic Finance. On Friday of last week, an assault occurred that the Conic Finance team has labelled a “re-entrancy attack” since it took use of a flaw in Curve
Futureverse Raise $54M to Further Integrate AI and the Metaverse
Aiming to revolutionise the metaverse using AI, technology firm Futureverse has secured $54 million in investment. Futureverse will use the funds from the round, which was led by 10T Holdings and included contributions from Ripple, to create proprietary AI content generating tools for use in the future metaverse. These tools will improve the quality of