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Showing posts with the label order

Court-ordered NFTs and the importance of Web3 randomness: Nifty Newsletter

A Singapore court permitted the use of NFTs to attach legal court orders tokenized as an NFT to issue a freeze order. ​​Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Keep reading to stay up-to-date with the latest stories on nonfungible tokens. Every Wednesday, the Nifty Newsletter informs and inspires you to dig deeper into the latest NFT trends and insights. In this week’s newsletter, read about how a nonfungible token (NFT) became a focus point in a Singapore court battle, learn about the importance of decentralized random ness in the Web3 gaming sector and find out why Universal Music Group is suing Anthropic over copyright infringement. Singapore court authorizes freeze order attached to wallets as soulbound NFT The Singapore High Court has allowed financial investigation firm Intelligent Sanctuary to attach NFTs containing a legal document to cold wallets associated with a hack, according to United Kingdom-based iSanctuary and local press accounts. A court-...

Binance and SEC file joint protective order in securities lawsuit

The SEC, Binance, and its CEO Changpeng Zhao agreed on a joint motion to file confidential information under seal. On Sept. 11, a joint motion was submitted by parties in the U.S. Securities and Exchange Commission (SEC)’s lawsuit against Binance and Changpeng ‘CZ’ Zhao to request how certain documents or potential evidence would be handled during court proceedings. The protective order filed by the SEC, Binance Holdings Limited, BAM Trading Services Inc, BAM Management US Holdings Inc, and Zhao holds all sides to keep discovery under seal. This means that confidential or other non-public information must be filed as protected materials, and the order restricts access to such documents to parties like the judge, attorneys, plaintiffs, defendants, and court-approved non-parties. These protected materials would be designated as either “CONFIDENTIAL or HIGHLY CONFIDENTIAL – ATTORNEYS’ EYES ONLY”, according to the joint filing. SEC vs Binance The update is the latest filing ...