🚨🚨CRYPTO BREAKING NEWS! (20/12/23) 🚨🚨

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20 Dec 2023

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The crypto world is always full of surprises and developments. In this article, we will cover some of the most important and interesting news stories that happened in the past week. From legal battles to technical issues, from gaming innovations to regulatory approvals, these are the stories that you need to know.

🛑 Montenegro Court Overturns Do Kwon Extradition Approval 🛑

In a surprising twist, the Appellate Court in Montenegro has decided to revoke the Montenegro high court’s Nov. 17 decision to extradite Terra founder Do Kwon to either the U.S. or South Korea. The Appellate Court pointed out flaws in the legal process, specifically the court stated that the investigating judge did not follow the law when he handled the U.S. extradition request. The investigating judge reportedly did not summon the defendant, Kwon, to hear his defence against the U.S. extradition request – something that is mandatory by law. The case has now been sent back to the original court for a new trial.
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🤝 FTX’s Bahamas Branch Strikes Deal With U.S. Bankruptcy Team, Simplifying Future Actions 🤝

Debtors affiliated with crypto exchange FTX have reportedly reached a global settlement agreement with the Bahamian branch FTX Digital Markets which was undergoing a separate liquidation process. The debtors called the ‘global settlement agreement’ a “novel and mutually advantageous solution to the complicated cross-border legal issues caused by the situation of the collapse of the FTX group.”

Once the agreement is approved by the U.S. Bankruptcy Court for the District of Delaware and the Supreme Court of the Bahamas Court, FTX debtors and FTX Digital Markets will “combine assets and coordinate the creation of reserves and the timing and amount of distributions” to make distributions to FTX.com customers, who will have to choose which entity they file their claim against.
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❗️ OKX Wallet Users Urged to Update App to Prevent Code Vulnerability ❗️

Blockchain security firm Certik has alerted OKX Wallet users to update their iOS app after a critical Remote Code Execution (RCE) vulnerability was discovered in a previous version. In a post on OKX’s Chinese social media page, the company replied by stating that the bug affected a third-party application service provider and that it does not endanger the security of user assets. However, it advised users to update their iOS app as soon as possible, as the vulnerability has been fixed for iOS version 6.45.0.

Certik stated,
We urge users of OKX wallets to update their iOS app to the latest version immediately. Earlier this month, we detected and reported a critical Remote Code Execution (RCE) vulnerability in the OKX iOS app, leading to potential compromise of sensitive data and crypto assets. The OKX team responded quickly and issued an updated version today.
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🚀 Immutable Launches Passport Gaming Wallet in ‘Gods Unchained’ and More 🚀

Blockchain gaming startup Immutable has announced the official launch of its ‘Immutable Passport’ - a universal sign-on and wallet solution aimed at simplifying access to online games and marketplaces. The Immutable Passport allows users to create a single account that can be used across multiple games and platforms, as well as store and trade their in-game assets securely and easily. The Immutable Passport is currently available for ‘Gods Unchained’, a popular trading card game powered by blockchain, and will soon be integrated with other games and platforms such as ‘Guild of Guardians’, ‘Illuvium’, and ‘OpenSea’.

⭐Ripple Gets Approval To Operate As Digital Asset Service Operator In Ireland⭐

Ripple, the company behind the XRP cryptocurrency and the RippleNet payment network, has received approval from the Central Bank of Ireland to operate as a Digital Asset Service Operator (DASO) in the country. This means that Ripple can provide crypto-related services, such as custody, exchange and transfer, to customers in Ireland and other European countries that are part of the Single Euro Payments Area (SEPA).

This is a significant milestone for Ripple, as it demonstrates its compliance with the regulatory standards and requirements in the region. It also gives Ripple an edge over its competitors, as it can offer faster, cheaper and more reliable cross-border payments to its customers, using both fiat and crypto currencies. Ripple has been expanding its presence and partnerships in Europe, which is one of its fastest-growing markets.
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📌Conclusion:

These are some of the most exciting and relevant news stories in the crypto space that happened in the past week. I hope you enjoyed reading them and learned something new. Stay tuned for more updates and insights from Time.

Disclaimer: The information and content provided in this article are for informational and educational purposes only and do not constitute any financial, investment, or legal advice. Trading, buying, or investing in cryptocurrencies involves significant risks and may result in the loss of your capital. You should do your own research and consult a professional before making any decisions. This article is not a suggestion or an endorsement of any cryptocurrency or platform.

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