Daily Archives: July 6, 2022, 3:04 pm

High-Profile Trial Lawyer Avi Weitzman Joins Paul Hastings | Paul Hastings LLP

Paul Hastings LLP announced today that nationally recognized white collar defense and trial lawyer Avi Weitzman has joined the firm as a partner based in New York. Weitzman represents businesses and individuals in a wide range of criminal, regulatory enforcement, and complex commercial disputes. He joins after a decade of experience at Gibson Dunn, where he was a partner in…

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Cryptoverse: The bonfire of the NFTs

The NFT dream isn’t dead, but it’s taken a big non-fungible beating. The market shone gloriously last year as crypto-rich speculators spent billions of dollars on the risky assets, pumping up prices and profits. Now, six months into 2022, it’s looking ugly. Monthly sales volume on the largest NFT marketplace, OpenSea, plunged to $700 million in June, down from $2.6…

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El Salvador’s Bitcoin Bet Isn’t Paying Off – The New York Times

But nearly a year after the country’s president, Nayib Bukele, shocked the financial world by making its most popular digital coin a national currency, his bet appears to be backfiring, highlighting the gap between the utopian promises of cryptocurrency’s proponents and economic realities. The government’s bitcoin holdings have lost about 60 percent of their presumed value during the recent market…

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Crypto Broker Voyager Digital Files for Bankruptcy Protection – WSJ

The company said that it has initiated Chapter 11 restructuring in New York, where it is based, and will seek recognition of the case in Canada, where it is listed. The voluntary filing comes after Voyager was caught up in the problems of Three Arrows Capital Ltd., a crypto hedge fund that suffered heavy losses from multiple cryptocurrencies since May. Three Arrows Capital recently defaulted on a…

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Willkie Adds SEC Enforcement Leaders Kristina Littman and Adam Aderton as Partners | Willkie Farr & Gallagher LLP

Willkie Farr & Gallagher LLP today announced that Kristina Littman and Adam Aderton will join the Firm as partners in the Litigation Department, where they will be members of the Securities Litigation & Enforcement Practice Group. They will be based in Willkie’s Washington, DC office. Kristy and Adam have over 25 years of combined experience at the U.S. Securities and…

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