Arbitrum, Wintermute and more DeFi lies
Arbitrum's market maker, Wintermute, received $40 million of ARB from Arbitrum as part of the $1 billion allocation.
Articles By Jordan Atkins:
UK court drops contempt proceedings against Craig Wright
Pursuing the case would not be in the public interest, in part due to the court being ill-equipped to handle contempt cases where the underlying facts were in dispute, the English High Court rules.
Judge rejects report that Roche Freedman Crypto Leaks videos were doctored
A judge has denied an attempt by Kyle Roche to introduce an expert report which purports to cast doubt on the authenticity of leaked videos implicating Roche and his former firm Roche Freedman in engaging in sham litigation to harass client competitors.
IRS issues new tax guidance on NFTs: ‘Collectibles’ are taxable
Under the proposed guidance, NFTs are covered by the tax law if they have been identified as a "collectible," which can be an artwork, antique, stamp or coin, or tangible personal property.
Kleiman v Wright: W&K was awarded $143 million, but who owns W&K?
The Florida court overseeing the cleanup from 2021’s Kleiman v Wright trial has just refused a motion to strike the newly appointed attorney of W&K, the company used by plaintiff Ira Kleiman to sue Dr. Craig Wright.
Stablecoin market share rises to 12.9% as of January 2023, CoinGecko report finds
Interestingly, 2022 saw the market share occupied by smaller stablecoin projects vanish, with a significant drop-off in May 2022 which never reversed.
NYAG calls Ethereum a security and destroys decentralization myth
The NYAG filed charges against exchange KuCoin last week over failing to register as a securities and commodities broker-dealer while ETH was expressly labeled a security in the charges.
EU approves data law requiring kill switch for smart contracts
Having been approved by the European Parliament, the data law will now be sent to the EU Council and European Commission for negotiations, with the first round of negotiations scheduled for March 28.
BTC is not Bitcoin: Why that matters to the SEC
When Gary Gensler says that Bitcoin is not a security or refers to its unique history, what he is referring to is the legal character of Bitcoin as it existed in 2009 and continues to exist in 2023 as BSV.
Coin mixer ChipMixer taken down by global authorities
Europol has announced a joint operation between German and U.S. authorities to take down ChipMixer, which authorities allege has been used to launder EUR 2.73 billion in digital assets.
CoinFLEX restructure approved by Seychelles court; Roger Ver nowhere to be seen
Under the plan, which was proposed in September 2022, CoinFLEX creditors will own 65% of the company, while Series A investors would lose their equity stakes. Series B shareholders will retain their status.
Alameda sues Grayscale, Digital Currency Group and Barry Silbert over GBTC mismanagement
The complaint accuses Grayscale and Digital Currency Group of “brazen abuse of their control over nearly $19 billion of digital assets held in two trusts to enrich themselves at the expense of trust shareholders.”