The law enables legal entities registered in the country to formally adopt DAO structures and governance tools. The Republic of the Marshall Islands, an independent island state located in the Pacific Ocean near the Equator, has announced that the Decentralized Autonomous Organizations Act of 2022 has officially been passed into law. The law recognizes decentralized...Continue Reading

Bullish said it had reached a mutual agreement with Far Peak Acquisition to no longer merge in a deal for a listing on the New York Stock Exchange. Bullish, a crypto firm that came to public attention in July 2021 for seemingly being unclear on what products or services it was offering, has announced the...Continue Reading

After evaluating several law firms, FTX’s unsecured creditors’ committee has chosen a legal adviser. After taking pitches from many law firms, the nine-member committee representing unsecured creditors of the disgraced crypto exchange FTX has decided on a legal adviser, the Wall Street Journal reported on Dec. 21.  Global law firm Paul Hastings LLP was hired...Continue Reading

The former billionaire, who has since claimed to be worth no more than $100,000, is out of jail on a $250 million bond. Sam Bankman-Fried, the former CEO of FTX now facing criminal charges that could land him in jail for the rest of his life, may be granted bail in the United States ahead...Continue Reading

Inflation has fueled crypto growth in the region, stimulating asset tokenization and remittance infrastructure development. Inflation, cross-border payments, assets tokenization and nonfungible tokens (NFTs) were among the major drivers for crypto adoption across Latin America in 2022, sources in the region told Cointelegraph, with exciting examples of progress across many countries.  Latin America made up...Continue Reading

Sam Bankman-Fried was held in the sick bay where he reportedly had access to running water, a toilet, a TV, and vegan food. Former FTX CEO Sam Bankman-Fried, who was remanded to the notorious Fox Hill Prison in Nassau, Bahamas, pending an investigation into the collapse of his exchange, had a different experience than many...Continue Reading

The law included many digital currencies under the definition of legal payment methods in Brazil and established a licensing regime for virtual asset service providers. Jair Bolsonaro, the President of Brazil set to leave office on Dec. 31, has signed off on a bill aimed at legalizing the use of crypto as a payment method...Continue Reading

According to Louise Abbott, FTX users could claim in court that assets “remained their property at all times” and could be treated separately from bankruptcy proceedings. More than one million creditors of failed crypto exchange FTX have been waiting to be made whole since before the firm’s bankruptcy filing on Nov. 11, but according to...Continue Reading

Intelligence officials that out of $620 million in crypto stolen by North Korean hackers this year, none were related to South Korea. According to a new press report published by South Korea’s National Intelligence Service (NIS), North Korean hackers have stolen more than 800 billion Korean won ($620 million) worth of cryptocurrencies from decentralized finance,...Continue Reading

Bitcoin has never seen this particular “death cross” before in its life, one analyst notes as BTC price weakness continues. Bitcoin (BTC) fell at the Dec. 22 Wall Street open as United States equities reversed previous gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin risks new and unseen “death cross Data from Cointelegraph Markets...Continue Reading