ADGM Courts Adopts Blockchain To Expedite Business Verdicts
ADGM Courts aims to massively transform the delivery of judicial services while introducing blockchain technology for commercial courts. Blockchain technology has been implemented by a judicial body formed by United Arab Emirates (UAE) Federal Decree to reduce the time and expenses associated with the enforcement of business decisions. Blockchain technology has been adopted by ADGM […]
Celsius Sale: Court Approves Officer as Consumer Privacy Ombudsman
Lucy Thomson has been chosen by the court as the consumer privacy ombudsman for the Celsius bankruptcy case. Her job will be to protect customer information in case the company is sold. Judge Martin Glenn, the U.S. judge in charge of the bankruptcy case of crypto lender Celsius Network, has agreed to appoint a consumer […]
Court grants Ripple approval to authenticate videos of SEC officials
As the Ripple-SEC case continues, a Magistrate Judge has granted approval to the defendant to authenticate some critical videos provided by the SEC officials. Ripple has been granted permission by Magistrate Judge Sarah Netburn to serve non-party subpoenas on video hosting services in order to authenticate some films of senior Securities and Exchange Commission officials […]
Chinese court rules salary payments in USDT as illegal
A Chinese court has ruled against salary payment using Tether USDT stablecoin as illegal citing the government’s ban on all types of cryptocurrency transactions last year. According to the local news outlet Beijing Daily, the Chaoyang District People’s Court in Beijing has decided that stablecoins like USDT cannot be used for wage payments. Due to […]
Court dismisses case against Tether and Bitfinex
Many of the claims in the class-action lawsuit filed in the Southern District of New York against stablecoin issuer Tether and cryptocurrency exchange Bitfinex have been dismissed by the judge. District Judge Katherine Polk Failla granted petitions from Tether and Bitfinex’s parent company iFinex to reject crucial claims in the plaintiffs’ case alleging the two […]