Chain News by Thebittimes.Com

According to sources familiar with the Richard Hall and Lukasz Juraszek vs Rainberry Inc. lawsuit, Justin Sun was not entitled to use diplomatic immunity to avoid liability concerning his actions while running the BitTorrent buyer. This is despite long-term claims from the Tron founder’s legal team that his ambassadorial roles handed him this loophole. A Web3 of lies In 2021, Grenada announced that Sun had been appointed the Ambassador, Permanent Representative of Grenada to the World Trade Organization. This is true, as evidenced by a 2024 Grenadian news article that states Sun was terminated from his UN position, along with a slew of other foreigners who had cushy diplomatic roles, in 2022. Protos has also obtained documentation confirming Sun’s status as a diplomat for Grenada and a visa proving that he was Ambassador for Science and Emerging Technology for Grenada’s Mission to the United Nations. However, as detailed by the Associate Spokesperson for the Secretary-Gene...

Ireland Deputy Prime Minister Micheál Martin has effectively taken legal action against Google, forcing them to reveal the identities of individuals responsible for misleading crypto ads. Martin, the leader of the Fianna Fáil party, alleged that these advertisements, displayed on reputable websites, falsely linked him to a crypto currency scam through fabricated news articles. Legal proceedings were initiated against Google Ireland Ltd and its parent company, Google LLC, with Martin seeking to unmask the creators of these adverts.  Martin’s legal team informed the High Court of a settlement. As a result, Google has agreed, without objection, to several court orders benefitting Martin. These orders compel Google to provide Martin with detailed information about the disputed adverts. This includes the names, email addresses, phone numbers, financial account details linked to the adverts, and any IP addresses used to access the accounts for their publication. This information must ...

The DAO expressed dissatisfaction with the team’s recent move to dissolve its governing body and shut down its token without consulting its community. A decentralized autonomous organization (DAO) is taking legal action against its founding team after a decision to dissolve its governing body and distribute most of its assets to the holders of their tokens.  On Nov. 2, the team behind Aragon announced that it would be dissolving the Aragon Association. The group said it’s deploying the organization’s treasury so that holders of the ANT token can redeem Ether (ETH) in exchange for their tokens. The update will give back around $155 million in digital assets to its stakeholders. Citing various reasons, the team behind Aragon shut down the ANT Token and dissolved its governing body without consulting the DAO. This has angered a f action in its community, which expressed strong dissatisf action with the move. This is pretty crazy The @AragonProject DAO has voted yes sue the Aragon te...

Binance, a prominent player in the cryptocurrency exchange industry, has experienced a notable decline in market share amid increasing regulatory scrutiny and legal challenges. Recent data from Kaiko reveals that Binance’s spot trading market share reached its lowest point in nearly a year, standing at 55.9% in June 2023.  This decline can be attributed to various regulatory actions against the exchange, particularly by the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Binance's market share remains stubbornly stuck near a one-year low https://t.co/W7MXYzKXNE — Bloomberg Crypto (@crypto) June 26, 2023 In the United States, the SEC and the CFTC have filed complaints and initiated legal proceedings against Binance and its founder, Changpeng “CZ” Zhao. The SEC’s enforcement action threatened the trading platform, while the CFTC launched a lawsuit against the company in late March. These legal ...