Archive for  March 2023

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The United States government plans to sell more than 41,000 BTCs seized in the case against Silk Road creator Ross Ulbricht.
A March 31 statement for the U.S. District Court for the District of New York says authorities have already begun liquidating 51352 BTC.

On March 14, the government sold approximately 9,861 BTC ($215 million).
Officials now plan to sell another 4,491 BTC.
The sale will take place in four phases over the course of a calendar year.

Tron Network creator Justin Sun has confirmed that he is stepping down as Grenada’s ambassador to the World Trade Organization, effective March 31.
He also said he will continue his career as a civil servant in the future.

The United Nations Children’s Fund (UNICEF) has begun testing a DAO concept based on the Polygon blockchain.
This was announced by Arun Maharajan, the organization’s head of Web3.
He added that the DAO is needed to better inform the new Digital Public Goods (DPG) features.
UNICEF also piloted Snapshot’s onchain voting platform.
According to Maharajan, this will allow projects to use DAOs to fund new services voted on by the community.

Former Binance US CEO Catherine Colley has hired former federal prosecutor and top agent from the Commodity Futures Trading Commission (CFTC) James McDonald as an attorney.
McDonald will represent Kohli in the U.S. government’s investigation against the Binance exchange.
McDonald previously represented Colley as her legal counsel in a separate civil trial against Binance US in January 2022.

On Monday, the CFTC filed charges against Binance and its CEO and founder, Changpeng Zhao. Coli’s name was not mentioned in the CFTC lawsuit.
The Justice Department also investigated Binance for money laundering and sanctions violations.

Coli herself launched Binance US in 2019 and resigned two years later.

According to Grenada Broadcasting Network, Tron network creator Justin Sun has been removed as Grenada’s ambassador to the World Trade Organization.
He was stripped of his diplomatic status after the June 2022 elections as the Democratic National Congress Party came to power.
The publication reports that all ambassadors were recalled in the “early months” of the rule.
Last week, the SEC sued Sahn for fraud and securities law violations.

Argentine lowcoster Flybondi has begun issuing all electronic tickets as NFT.
The service is called Ticket 3.0 and was created in collaboration with TravelX on the Algorand blockchain.

NFT gives passengers the right to change the name on the ticket themselves, as well as to transfer or sell tickets on the secondary market.

Tezos main network has updated Mumbai.
Mumbai will reduce block creation time from 30 seconds to 15 seconds.
The update also activated Smart Optimistic Rollups, which can be used to run an L2 node with an EVM, WASM, or other virtual machine in which users will run programs written in any language.

The Danish Supreme Court ruled that a party that made a profit from selling bitcoin must pay tax on the transaction.
The court also said that a miner who mined his own BTC and then sold those coins should be similarly taxed.
The Supreme Court made these findings in two cases in which different users profited from the sale of BTC “for the purpose of speculation” and mining.

Hardware wallet company Ledger has raised €100 million and reached a valuation of €1.3 billion.
True Global Ventures, Cité Gestion SPV, Digital Finance Group and VaynerFund participated in the funding round.
The company will use the money to grow its business by expanding its network of distributors, increasing production and developing its products.

Ledger wallets now hold more than 20% of all cryptocurrencies and 30% of all NFTs.

Blocknox, a division of the Stuttgart Stock Exchange (Boerse Stuttgart), has received a digital asset custodian license from the financial regulator BaFin.
The license allows the exchange to provide institutional investors with cryptocurrency trading and storage services.
Boerse Stuttgart is the sixth largest stock exchange in Europe.