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Prosecutors Challenge FTX Founder’s Legal Advice Defense Ahead of Fraud Trial

2023-08-30 by admin Leave a Comment

Sam Bankman-Fried’s legal team claimed last week that the FTX founder received assurances from lawyers his actions were lawful. However, federal prosecutors are now contesting the validity of Bankman-Fried’s defense strategy ahead of trial. Bankman-Fried’s Legal Defense in Question After DOJ Objection In a court filing published Tuesday, federal prosecutors questioned Bankman-Fried’s ability to rely […]

Web3 Experts: Hong Kong Government-Backed Stablecoin Can Become a Global Currency, Challenge Dollar Dominance

2023-08-26 by admin Leave a Comment

According to Wang Yang and Wen Yizhou, a stablecoin issued by the Hong Kong government has the potential to become an international currency and may challenge the U.S. dollar in certain places. However, in their latest opinion piece, Yang and Yizhou said the envisaged stablecoin will only succeed if Hong Kong acts before the currency’s […]