Internet Security

Top UN court says Israeli settlements in occupied Palestinian territory are illegal

SUMMARY This is AI generated summarization, which may have errors. For context, always refer to the full article. INTERNATIONAL COURT OF JUSTICE. Protesters hold a Palestinian flag as they gather outside the International Court of Justice (ICJ) as judges rule on emergency measures against Israel following accusations by South Africa that the Israeli military operation

This is AI generated summarization, which may have errors. For context, always refer to the full article.

Top UN court says Israeli settlements in occupied Palestinian territory are illegal

INTERNATIONAL COURT OF JUSTICE. Protesters hold a Palestinian flag as they gather outside the International Court of Justice (ICJ) as judges rule on emergency measures against Israel following accusations by South Africa that the Israeli military operation in Gaza is a state-led genocide, in The Hague, Netherlands, January 26, 2024.

Piroschka van de Wouw/Reuters

(3rd UPDATE) The World Court’s opinion finds that the UN Security Council, the General Assembly, and all states have an obligation not to recognize the occupation as legal and not to give aid or support toward maintaining it

THE HAGUE, Netherlands – The United Nations’ highest court said on Friday, July 19, that Israel’s occupation of Palestinian territories and settlements there are illegal and should be withdrawn as soon as possible, in its strongest findings to date on the Israel-Palestinian conflict.

The findings by judges at the International Court of Justice (ICJ), known as the World Court, are not binding but carry weight under international law and may weaken support for Israel.

“Israeli settlements in the West Bank and East Jerusalem, and the regime associated with them, have been established and are being maintained in violation of international law,” President Nawaf Salam said, reading the findings of a 15-judge panel.

The court said Israel’s obligations include paying restitution for harm and “the evacuation of all settlers from existing settlements.”

In a swift reaction, Israel’s foreign ministry rejected the opinion as “fundamentally wrong” and one-sided, and repeated its stance that a political settlement in the region can only be reached by negotiations.

“The Jewish nation cannot be an occupier in its own land,” Israeli Prime Minister Benjamin Netanyahu’s office said in a statement.

The opinion also angered West Bank settlers as well as politicians such as Finance Minister Bezalel Smotrich, whose nationalist religious party is close to the settler movement and who himself lives in a West Bank settlement.

“The answer to The Hague – Sovereignty now” he said in a post on the social media platform X, in an apparent appeal to formally annex the West Bank.

Israel Gantz, head of the Binyamin Regional Council, one of the largest settler councils, said the ICJ opinion was “contrary to the Bible, morality and international law.”

‘No complicity’

The ICJ opinion also found that the UN Security Council, the General Assembly and all states have an obligation not to recognize the occupation as legal nor “render aid or assistance” toward maintaining Israel’s presence in the occupied territories.

The United States is Israel’s biggest military ally and supporter.

The Palestinian Foreign Ministry called the opinion “historic” and urged states to adhere to it.

“No aid. No assistance. No complicity. No money, no arms, no trade… no actions of any kind to support Israel’s illegal occupation,” Palestinian Foreign Minister Riyad al-Maliki said outside the court in The Hague.

The case stems from a 2022 request from the UN General Assembly, predating the war in Gaza that began in October.

Israel captured the West Bank, Gaza Strip and East Jerusalem – areas of historic Palestine which the Palestinians want for a state – in a 1967 war and has since built settlements in the West Bank and steadily expanded them.

Israeli leaders have argued the territories are not occupied in legal terms because they are on disputed lands, but the United Nations and most of the international community regard them as Israeli-occupied territory.

In February, more than 50 states presented their views before the court, with Palestinian representatives asking the court to find that Israel must withdraw from all the occupied areas and dismantle illegal settlements.

Israel did not participate in the hearings but filed a written statement telling the court that issuing an advisory opinion would be “harmful” to attempts to resolve the Israeli-Palestinian conflict.

The majority of states participating asked the court to find the occupation illegal, while a handful, including Canada and Britain, argued it should refuse to give an advisory opinion.

The United States had asked the court not to order the unconditional withdrawal of Israeli forces from the Palestinian territories.

The US position was that the court should issue no decision that could hurt negotiations toward a two-state solution on a “land for peace” principle.

In 2004 the ICJ ga

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Internet Security

Oregon passes bill to establish legal control standards for digital assets

Key Takeaways Oregon passed Senate Bill 167 to update commercial laws and include digital assets in the UCC. The new law allows digital assets to be used as collateral and recognizes electronic records and signatures. Share this article Oregon has enacted Senate Bill 167, updating the state’s commercial laws to incorporate digital assets into the

Key Takeaways

  • Oregon passed Senate Bill 167 to update commercial laws and include digital assets in the UCC.
  • The new law allows digital assets to be used as collateral and recognizes electronic records and signatures.

Share this article

Oregon has enacted Senate Bill 167, updating the state’s commercial laws to incorporate digital assets into the Uniform Commercial Code (UCC).

The legislation, signed by Governor Tina Kotek on May 7, introduces UCC Article 12, which creates a legal framework for digital assets including crypto assets, tokenized records, and electronic money.

The bill amends Article 9 to allow digital assets to be used as collateral in secured transactions. It also updates several UCC articles to recognize electronic records, signatures, and hybrid transactions to support digital commerce.

The new law includes transitional provisions that maintain the validity of transactions made before the act’s effective date and provides a one-year period for existing security interests to comply with the new regulations.

Before these changes, there was legal uncertainty about how digital assets fit into existing commercial laws, especially when used as collateral or transferred between parties. The UCC amendments clarify how rights in these assets can be legally controlled, perfected, and enforced.

Apart from SB 167, House Bill 2071 is another crypto-related bill introduced in Oregon.

This proposed legislation focuses on blockchain and digital asset rights. It is aimed at protecting and promoting the use of Bitcoin and other digital assets in the state by limiting regulatory barriers and clarifying the legal framework for blockchain-based activities.

Some of the highlights of the bill include a prohibition on state and local governments from restricting or impairing a person’s ability to accept digital assets as payment for lawful goods and services, as well as the right to conduct peer-to-peer transactions via blockchain or digital asset networks.

The bill is still in the early stages of the legislative process and has not yet advanced to a vote in either the House or the Senate.

Unlike most US states, Oregon lawmakers have not proposed any bill to create a state Bitcoin reserve as of now.

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Internet Security

White House rejects parts of Trump advisers’ sovereign wealth fund proposal

Key Takeaways The White House has rejected parts of a sovereign wealth fund proposal created by Trump’s advisers. The details of the sovereign wealth fund are still under debate with no final decisions announced yet. Share this article The White House has opposed certain elements of a sovereign wealth fund proposal developed by Treasury Secretary

Key Takeaways

  • The White House has rejected parts of a sovereign wealth fund proposal created by Trump’s advisers.
  • The details of the sovereign wealth fund are still under debate with no final decisions announced yet.

Share this article

The White House has opposed certain elements of a sovereign wealth fund proposal developed by Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick at President Trump’s request, according to a new report from CBS News.

The plan, reportedly delivered by early May, follows Trump’s February executive order directing the Treasury and Commerce departments to develop a framework for a US sovereign wealth fund within 90 days.

The order fueled speculation that the fund might be used to acquire Bitcoin on behalf of the US government.

However, at the time, Bessent and Lutnick said that the fund would indeed focus on warrants, equity, and other non-crypto investments. Still, David Sacks, Trump’s crypto czar, indicated that Bitcoin could be included in the fund’s portfolio.

That no longer appears to be the case after Trump signed a separate executive order establishing a strategic Bitcoin reserve and a digital asset stockpile on March 6, which suggests a standalone approach to crypto holdings.

There were also rumors that the fund might be financed through tariffs and other revenue sources despite ongoing budget deficits. But Lutnick later clarified that tariffs would not be used to support the sovereign wealth fund.

According to the CBS News report, White House spokesperson Kush Desai said the Treasury and Commerce Departments have developed plans in response to Trump’s directive, but no final decisions have been made.

The administration, Desai added, continues to view the initiative as part of its broader effort to safeguard national and economic security.

Details of the fund’s structure and purpose remain under discussion, with no formal announcement expected in the near term.

Sources say Trump has not yet decided how the fund’s proceeds would be used, though he has previously floated the idea of it taking a stake in TikTok, which faces a potential US ban unless ByteDance divests.

Regarding the US Strategic Bitcoin Reserve and the Digital Asset Stockpile, Bessent and Lutnick are also tasked with outlining operational guidelines, custody frameworks, and acquisition strategies. These plans are expected to remain separate from the sovereign wealth fund initiative and are designed to be budget-neutral.

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Internet Security

Crypto Security Breach at Lido DAO Triggers Governance Response

TLDR Lido DAO started an emergency vote to rotate a compromised Chorus One oracle The exploit drained ETH balance and likely resulted from a hot wallet private key leak The issue is restricted to one oracle and is not system-wide Cybersecurity remains a critical issue for cryptocurrency and DeFi Over $2 billion in crypto was

TLDR Lido DAO started an emergency vote to rotate a compromised Chorus One oracle The exploit drained ETH balance and likely resulted from a hot wallet private key leak The issue is restricted to one oracle and is not system-wide Cybersecurity remains a critical issue for cryptocurrency and DeFi Over $2 billion in crypto was […]
The post Crypto Security Breach at Lido DAO Triggers Governance Response appeared first on Blockonomi…
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Internet Security

CZ Shares Security Warning After Ledger Discord Hack Exposes User Data

Changpeng Zhao (CZ), founder and former CEO of Binance, shared a security warning after receiving a message regarding a hack of Ledger’s Discord admin account, where a scammer falsely claimed a security flaw and urged users to enter their recovery phrases on a phishing site. Zhao highlighted two critical lessons: the necessity of never sharing

Changpeng Zhao (CZ), founder and former CEO of Binance, shared a security warning after receiving a message regarding a hack of Ledger’s Discord admin account, where a scammer falsely claimed a security flaw and urged users to enter their recovery phrases on a phishing site. Zhao highlighted two critical lessons: the necessity of never sharing [……
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