FameEX Morning Crypto News Recap | May 31, 2023

US Government Calls for Appointment of Independent Examiner in FTX Bankruptcy Proceedings
The U.S. government is appealing the decision of the bankruptcy court judge who denied the request for an independent investigator in the FTX bankruptcy case. The appeal has been forwarded to the U.S. Third Circuit Court of Appeals, and Chief Judge Colm F. Connolly has recognized the need to review the Trustee's request.

Critical Vulnerability in Tron's Multisig Mechanism Leads to Exposure of $500M in Digital Assets
0d, a cybersecurity research team under Dwallet Labs, has discovered a significant vulnerability in Tron's multi-sig mechanism. This vulnerability posed a threat to over $500 million worth of digital assets held in Tron's multi-sig accounts. Tron's development team has responded by creating a patch to address the issue.

Bali Government Enforces Tighter Controls on Crypto Payments by Foreign Tourists
The government of Bali, Indonesia, is implementing stringent measures to prohibit the use of cryptocurrency for payments by foreign tourists. The governor has emphasized that violating these regulations can result in severe consequences, such as deportation, administrative penalties, criminal charges, business closure, and other strict sanctions.

NFT Marketplace Launched by Japan's Premier Airline
Japan's largest airline, All Nippon Airways (ANA), has launched an NFT marketplace in partnership with its subsidiary, ANA Neo. This strategic move demonstrates ANA's commitment to integrating airlines and Web3 technologies, providing users with a platform to trade aviation-themed non fungible tokens (NFTs).

Russian Foreign Minister Reveals Transition to National Currency Settlements, Decline in US Dollar Share
Russia's Foreign Minister Sergey Lavrov confirmed that Russia is actively adopting national currencies for settlements with its partners, leading to a decline in the US dollar's share. Lavrov emphasized that this shift extends beyond Africa to include Latin America, Asian countries, and nations like Iran, India, and China, indicating a growing trend away from the USD.

United Arab Emirates Central Bank and Hong Kong Monetary Authority Strengthen Financial Cooperation
The Central Bank of the United Arab Emirates (CBUAE) and the Hong Kong Monetary Authority (HKMA) convened in Abu Dhabi to bolster cooperation and foster closer ties in their financial sectors. The bilateral meeting focused on enhancing collaboration and strengthening the relationship between the two jurisdictions.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.