Coinbase proudly announced in a July 8 blog post that a new addition will be made to the crypto exchange’s legal team. Paul Grewal, a former US magistrate judge in California and Deputy General Counsel for Facebook, will be joining the ranks of the digital currency exchange.
More DetailsRipple has fought back against the Securities and Exchange Commission (SEC)’s legal complaint against XRP, hinting that the agency was overreaching.
More DetailsPeople's Bank of China, the Central Bank of China made an announcement of the acceleration of the development of its legal digital currency.
More DetailsLawyers working within the metropolitan area of Washington DC can now accept cryptocurrency payments for legal services so long as the fee agreement is reasonable and fair, and the lawyer is able to safeguard their digital assets, the District of Columbia Bar stated in an ethics opinion.
More DetailsThe Libra Association appointed its first CEO, Stuart Levey, the Chief Legal Officer at HSBC Holdings. Levey will be overseeing the Libra digital currency and payments system and holds a strong compliance track record and is expected to join Libra in the coming months. However, HSBC has not shown the same upright compliance record. Levey is also expected to “combine technology innovation with robust compliance and regulatory framework.” The Facebook-led project has invited scrutiny from global regulators, with concerns over its threat to national sovereignty with its potential launch. Many of Libra’s original members, including Vodafone, PayPal, and Visa have also chosen to leave the association.
More DetailsThe issuance of CBDCs by apex global banks has become a hot topic in the crypto space, and the IMF has delved into it with some precautionary measures.
More DetailsBinance, one of the top cryptocurrency exchange has opened support for the Nigerian National currency (Naira) on its trading platform.
More DetailsThe Kin Foundation has disclosed that both itself and the cryptocurrency has survived the dispute with the US SEC.
More DetailsLibra appoints Stevan Bunnell, former Homeland security department general counsel, as its own general counsel.
More DetailsCrypto exchanges and companies in India are still seeking regulatory clarity and tax status from the Reserve Bank of India following a Supreme Court ruling in favor of the crypto industry earlier this year. India’s Supreme Court reversed the ban placed by the central bank on financial institutions offering crypto-related banking services. It is two months after lifting the ban, crypto exchanges and firms are now seeking clarification regarding the nature of their operations.
More DetailsISA proposes digital asset regulation. Over 150 firms operate in Israel, and more investors are exposed to digital assets. Over the years, the authority has formed many committees to control cryptocurrency supply and encourage digital markets. It also requires digital asset issuers to publish a prospectus-like document before issuance or trade. After Israel's top economist urged for a more comprehensive regulatory framework to align trading platforms and crypto issuers.
More DetailsFTX has filed a motion in Delaware court to sell a $175 million claim against bankrupt Genesis Global Capital, aiming to optimize returns from the sale. The move is part of FTX's broader strategy to manage its financial recovery post-collapse, with the proposed sales procedure designed to ensure maximum value from the claim amidst Genesis's ongoing legal and financial challenges.
More DetailsFTX's bankruptcy lawyers and advisers earned an average of $118.1M in fees between August and October, with Alvarez and Marshall leading the charges.
More DetailsCryptocurrency has its benefits, but several consumers are still unaware of what they are because of security concerns and how the technology functions. In a recent interview, Coleman Watson – Managing partner Watson LLP – identified that while many people are interested in using cryptocurrency, lack of understanding remains a major hurdle.
More DetailsGenesis Global settles with the SEC for $21 million over unregistered securities sales allegations, aiming to mitigate legal challenges and focus on repaying customers amid bankruptcy proceedings. The agreement, pending a February 14 hearing, marks a significant step towards resolving the company's financial and legal hurdles.
More DetailsHouse Majority Whip Tom Emmer criticizes the US Securities and Exchange Commission's (SEC) approach to cryptocurrency regulation, citing legal losses against Ripple and Grayscale. Emmer questions the agency's treatment of Bitcoin futures ETFs and spot ETFs, adding to ongoing debate.
More DetailsPaxful, the peer-to-peer bitcoin marketplace, has released a survey that indicates India’s enthusiasm for Bitcoin has been reignited following the landmark decision to lift the ban on crypto trading.
More DetailsDespite the Digital Financial Assets bill being passed by the State Duma, Russia’s Central Bank has nevertheless argued that crypto transactions are not deemed as legitimate investments.
More DetailsA poll shows that more than three-quarters of Salvadorans are sceptical towards the implementation of Bitcoin across the country, according to Reuters, citing a survey released Thursday.
More DetailsThe Commodity Futures Trading Commission has charged four people for allegedly soliciting funds from clients to speculate in Bitcoin price movements.
More DetailsYuga Labs' lawsuit sees non-compliance accusations against defendants, potentially impacting the NFT and cryptocurrency landscape.
More DetailsParaguay lawmaker has tabled a motion in pursuing Bitcoin as legal tender, hoping that the country will become another country to use cryptocurrency after El Salvador.
More DetailsThe Prosecutor’s Office of the State of Podgorica has indicted former Terraform Labs co-founder Do Kwon for allegedly forging legal documents. Kwon was arrested in March after allegedly attempting to board a flight to Dubai with fake documents. Han Chang-jun, Terraform’s former CFO, is facing similar charges.
More DetailsA key government official has revealed that Zimbabwe is considering legalizing cryptocurrency as a payment service.
More DetailsCoinbase's Chief Legal Officer, Paul Grewal, responded to the SEC's opposition to the company's motion to dismiss the case against it. Grewal criticized the SEC for making unsupported legal claims and emphasized that the assets listed on Coinbase are not securities. He also called for regulation that listens to the crypto community and mentioned that Coinbase will file its reply on October 24, 2023.
More DetailsEl Salvador parliament has passed the Bitcoin Trust Fund proposal into law.
More DetailsJapan is advancing its plans for a digital yen, with the Bank of Japan set to pilot a CBDC program and the finance ministry preparing an expert panel to address legalities, signaling a significant shift in Japan's traditional cash-centric economy.
More DetailsFollowing the indictment of Nathaniel Chastain, a former Head of Product at the NFT marketplace OpenSea, a new petition has now been filed by his lawyers, requesting the court to dismiss the case as it lacks merit.
More DetailsAtletico Madrid is suing WhaleFin for €20 million over a terminated €40 million sponsorship deal, claiming financial losses and potential reputational damage.
More DetailsFinnish authorities traced Monero transactions in the Julius Aleksanteri Kivimäki trial, highlighting challenges in tracking privacy-focused digital currencies, a significant development in cryptocurrency-related cybercrime investigations.
More DetailsEl Salvador President Nayib Bukele released on his official Twitter on January 2 his bullish forecasts for bitcoin in 2022. Among them, Nayib Bukele believes that the bitcoin price will reach a high of $100k in 2022.
More DetailsPolice in China recently discovered illegal Bitcoin mining, which was buried underneath a local cemetery. Power losses within the area caused the initial suspicion. A Chinese oil field company submitted a tip to the local police requesting them to investigate suspicious power losses in the northern city of Daqing, Heilongjiang province. The police officers arrived at the scene and spotted mysterious two grave mounds lying in the field.
More DetailsBrad Garlinghouse, Ripple's CEO, has disclosed that the company will need to spend over $100 million on lawsuits with the US Securities and Exchange Commission (SEC) for regulation issues.
More DetailsAndorra, or 'the Principality of Andorra', is contemplating regulations of digital assets and other blockchain technologies. Its parliament is debating on relative amendments before turning them into a draft.
More DetailsIn 2022, South Koreans transacted $4.3 billion through illegal crypto exchanges, comprising almost 70% of all illicit money traffic captured by officers. The transactions aimed to purchase foreign virtual assets to sell in the country later due to the South Korean regulatory regime isolating the local market.
More DetailsEl Salvador is preparing to launch the initial 200 ATMs that will enable conversion of Bitcoin to cash. President Bukele said that the use of Bitcoin will not be mandatory.
More DetailsAn independent auditor has examined the legal fees incurred during the initial months of FTX's bankruptcy, revealing a staggering amount exceeding $200 million. The auditor justifies these significant fees, considering the monumental nature of the task at hand.
More DetailsAmerican rapper and entrepreneur Heather Morgan, the defendant in the crypto fraud case of Bitfinex 2016, has been permitted by a judge to seek proper employment.
More DetailsUS travel management company CWT paid $4.5 million to hackers who stole sensitive corporate files. CWT has a global clientele and is the fifth-largest US travel company. The firm boasts an estimate of $1.5 billion in annual revenue and claims that it represents more than a third of companies on the S&P 500 U.S stock index.
More DetailsColombia's Magdalena Administrative Court conducted a trial in the metaverse on February 15, with participants appearing as avatars in a virtual courtroom. The trial involved a traffic dispute brought by a regional transport union against the police and lasted two hours. The verdict could also be given in the metaverse. Colombia is one of the first countries to test legal proceedings in the metaverse.
More DetailsWintermute criticizes Near Foundation and Aurora Labs for failing to fulfill USN redemption commitments, resulting in significant unredeemed funds. Seeking legal recourse and remaining adversarial if resolutions fail.
More DetailsRipple is expected to win a legal battle with the SEC, potentially settling $20 million or less. This victory is expected due to legal perspectives and the recent Second Circuit Court ruling, impacting digital currency regulation.
More DetailsTwo 17-year-old Italians have been detained under the Delirium operation for instigating child pornography and live torture viewings on the dark web. The two Italians paid Bitcoin (BTC) to a dark site address in order to unlock explicit footage of children being sexually abused.
More DetailsA US district judge has ruled that bZx DAO transactions are custodial due to the ability for developers to upgrade a smart contract where the key is held by a single developer, as highlighted in a class-action lawsuit against bZx DAO and others. This may impact DeFi platforms that use multisigs and require them to obtain custody licenses to comply with the law.
More DetailsSamuel Bankman-Fried's legal team has formally requested his temporary release for the upcoming trial, citing the need for adequate preparation due to the case's complexity. The letter outlines stringent conditions for the release and also raises concerns about Bankman-Fried's medication.
More DetailsLegal authorities in the Netherlands have rejected the appeal to release Alexei Pertsev, the chief developer of the Tornado Cash protocol was arrested and remanded by Dutch Authorities shortly after the United States Treasury Department sanctioned the protocol
More DetailsA Melbourne couple faces legal repercussions after Crypto.com mistakenly transferred $10.5 million AUD to their bank account. Thevamanogari Manivel and her partner, Jatinder Singh, allegedly spent the funds on property and other assets. Manivel has been sentenced to an 18-month community corrections order, while Singh is set to face a plea trial on October 23, 2023.
More DetailsThe International Monetary Fund (IMF) is concerned about the risks of El Salvador's issuance of bitcoin-backed bonds, urging El Salvador to terminate bitcoin as legal tender as soon as possible.
More DetailsQatar’s regulator has blocked all crypto asset services in the nation. The Qatar Financial Centre Authority (QFC) mentioned in a statement that all “Virtual Asset Services may not be conducted in or from the QFC at this time.”
More DetailsCelsius Network is imposing bankruptcy proceedings on account holders with $100,000 or more liabilities, and is taking legal action against those who withdrew large amounts pre-bankruptcy.
More DetailsBeleaguered crypto lending platform Celsius Network has incurred more than $3 million in legal fees, according to a filing.
More DetailsCoinbase is reportedly facing a probe from the US SEC into whether it improperly let Americans trade digital assets that should have been registered as securities.
More DetailsThe State Duma is discussing its legislative plans regarding Bitcoin and cryptocurrency usage and has been reported to seemingly have a change of heart regarding digital assets adoption in Russia.
More DetailsTether and Bitfinex have won a lawsuit against Shawn Dolifka and Matthew Anderson, despite allegations of misleading statements about USDT reserves, underscoring the importance of transparency in the cryptocurrency sector.
More DetailsSam Bankman-Fried, convicted of fraud and money laundering in the FTX collapse, will not face a second trial, accelerating the case's resolution and victim compensation.
More DetailsThe SEC has filed a motion in the United States District Court for the Southern District of New York against Terraform Labs and Do Hyeong Kwon. The commission is seeking the court's permission to notice a deposition from Kwon or to preclude the defendants from using a declaration from him. The defendants have until September 26, 2023, at 12:00 pm to respond.
More DetailsThe Chinese Supreme Court has decided to strengthen cryptocurrency property rights. China’s Supreme Court is looking to further protect property rights, including economic property rights through different ownership systems in accordance with the law.
More DetailsChangpeng Zhao, former Binance CEO, faced account restriction on social media platform X amidst legal challenges, leading to widespread speculation in the crypto industry.
More DetailsChangpeng "CZ" Zhao, founder of Binance, faces a legal hurdle as his money laundering charges are postponed to April 30. The case highlights the ongoing struggle between cryptocurrency entities and regulatory bodies, raising questions about digital asset future.
More DetailsFormer Bithumb Chairman Lee Jeong-hoon faces fraud charges over botched deal with BK Group Chairman Kim Byung-gun, awaiting an 8-year sentence, impacting governance and crypto industry regulatory landscape.
More DetailsThe CFTC has significantly heightened its regulatory actions against non-U.S. crypto entities, indicating a significant shift in the U.S. cryptocurrency market's regulatory landscape.
More DetailsGala Games co-founder Eric Schiermeyer has filed a derivative shareholder lawsuit against co-founder Wright Thurston and True North United Investments, LLC. The company assures transparency and accountability, stating the disputes are primarily between the founders and not involving the company.
More DetailsBinance.US has announced that it will delist AMP following last week’s news that the SEC mentioned the token as a security.
More DetailsEl Salvador is leaping the dividends of making Bitcoin legal tender. The nation’s tourism industry has recorded a 30% surge since this milestone was attained in September 2021.
More DetailsStanford Law professors Bankman and Fried are attempting to dismiss a lawsuit filed by FTX, alleging misappropriation of funds and knowledge of FTX's collapse.
More DetailsThe US DOJ has unveiled establishing a National Cryptocurrency Enforcement Team (NCET), a law enforcement task force fighting crypto crime.
More DetailsChief Legal Officer Paul Grewal unveils Coinbase's ERC-20 Scam Token Detection System, combining smart contract auditing with machine learning to tackle crypto scams. Disclosed on October 6, 2023, this initiative enhances security and trust in token listings on the platform.
More DetailsThe news industry faces declining advertising revenue, declining subscriber growth, and AI-driven disruptions, necessitating strategic shifts and legal disputes to adapt to digital advertising trends.
More DetailsHarvey Eugene Murphy Jr. sues Macy's and Sunglass Hut for $10 million over wrongful arrest and assault, highlighting flaws in facial recognition technology and its serious consequences.
More DetailsJPMorgan Chase, citing a report, stated that El Salvador’s designation of Bitcoin as legal tender would bring various obstacles to its country, questioning the robustness of the payment mechanism.
More DetailsThe next hearing between the Securities and Exchange Commission (SEC) and Ripple will be held on May 21.
More DetailsThe Utah State Legislature has passed the Utah Decentralized Autonomous Organizations Act, providing legal recognition and limited liability to DAOs, also known as "Utah LLDs". The act defines ownership, protects anonymity, and introduces quality assurance protocols.
More DetailsChatGPT is revolutionizing the finance sector, bringing innovative applications and ethical challenges. This article explores its uses, the ethical concerns it raises, and potential solutions for a responsible future in finance.
More DetailsThe Canada Revenue Agency has requested a judge of the Federal Court to force a crypto exchange to hand over information about all its customers.
More DetailsFormer FTX CEO Sam Bankman-Fried's sentencing hearing, scheduled for March 28, 2024, was postponed by Judge Lewis Kaplan, ensuring the legal process remains on its original timeline.
More DetailsSenior executives of crypto broker Voyager Digital and their families were reportedly threatened by their clients, a court in Manhattan revealed.
More DetailsBittrex, a US-based cryptocurrency exchange, may face legal action from the US Securities and Exchange Commission (SEC) over alleged violations related to investor protection, despite preparing to shut down its local operations.
More DetailsA 45-year-old man from Columbia, Missouri pled guilty yesterday in a US federal court to one count of aggravated identity theft and one count of attempting to acquire a chemical weapon—via the dark web using Bitcoin.
More DetailsHarvey raised $715 million in a $80 million Series B funding round, showcasing its advanced AI-powered workflow optimization technology.
More DetailsAustralia's financial services authority is suing Finder.com for selling a bitcoin yield-bearing instrument without a license. Finder disputes ASIC's accusation that a registered exchange product was unlicensed, but it hasn't said whether it would contest the complaint. After Block Earner last November, it's the regulator's second domestic crypto income product supplier. ASIC sued Finder.com for selling three crypto-backed fixed-yield products without an AFS license. The regulator's third action against crypto financial products and businesses in three months. When asked whether it will fight the action, Finder declined to respond.
More DetailsThe legal battle between The NAC Foundation and the SEC is still far from over, and the Foundation argues that the SEC misled the court in its ongoing case against AML Bitcoin.
More DetailsDr. Craig Wright's blog post on "Open-Source Development" rekindles debate on "Code is Law" principle, emphasizing the need for a balanced approach balancing code precision with legal considerations.
More DetailsThe SEC has accused Kraken of operating as an unregistered securities exchange, broker, dealer, and clearing agency, accusing it of commingling customer and company funds and deficient internal controls.
More DetailsA US Federal court has classified Bitcoin as a “money” under the Washington, D.C, Money Transmitters Act (MTA).
More DetailsIndia’s largest cryptocurrency trading platform, WazirX, has been accused by the country's authorities of tax evasion worth $5.4 million.
More DetailsWith Bitcoin a growing number of people have been choosing to opt-out of the traditional financial system, and others have even chosen to use the cryptocurrency to circumvent regulation altogether, leading to its unfortunate connection with illegal activity and shady characters.
More DetailsFTX aims to fully reimburse its customers and creditors as part of its restructuring plan. This approach, focusing on repayment without relaunching the exchange, is based on valuations of assets as of November 2022, drawing mixed reactions from the crypto community.
More DetailsJump Crypto has been granted access to confidential documents in the SEC vs. Terraform Labs case, allegedly implicating them in the TerraUSD devaluation and Terra's collapse.
More DetailsFederal prosecutors have charged two US citizens with a SIM swap and phishing scam that led to a theft of over $16,000 worth of cryptocurrency.
More DetailsAustralian entrepreneur Dick Smith is threatening The Guardian with legal action after it hosted ads linked to fake news of Smith supporting a Bitcoin and crypto scam.
More DetailsBitcoiin2Gen executives have been charged by the US SEC for allegedly securing millions from investors based on a crypto ICO scam shilled by Steven Seagal.
More DetailsPeter Kambolin, the ex-CEO of Systematic Alpha Management, pleaded guilty to a conspiracy to commit commodities fraud involving cryptocurrency futures contracts, as revealed by the DOJ on October 12, 2023. The case, marking a milestone as the first of its kind, unveils a "cherry-picking" scheme where Kambolin misallocated profitable trades to his accounts, misrepresenting trading focuses to investors. With legal proceedings underway, Kambolin faces up to five years in prison, showcasing the authorities' resolve against financial fraud in the crypto sector.
More DetailsThe Central Bank of Cuba has recently announced that it will legalize and regulate cryptocurrencies. Cuba has been rising interest in cryptocurrencies like Bitcoin partly under toughened American embargo rules on the nation.
More DetailsThe SEC has postponed the trial of Terraform Labs and Do Kwon, pending Kwon's extradition to the US, for a $40 billion cryptocurrency fraud.
More DetailsIn Australia, a New South Wales (NSW) court has allowed a cryptocurrency exchange account to be used as a collateral bond for legal costs.
More DetailsThe global regulator has renewed its warning against the use of Bitcoin as legal tender.
More DetailsEl Salvador President Nayib Bukele intends to introduce a bill that would make Bitcoin legal tender.
More DetailsThe SEC's anticipated decision on Bitcoin ETFs, expected by January 2024, could significantly boost U.S. crypto adoption, balancing financial institutions' interests and legal challenges.
More DetailsThe US Court of Appeals has ordered the SEC to respond to Coinbase’s writ of mandamus within 10 days. The largest US cryptocurrency exchange filed a lawsuit in April requesting regulatory clarity, but has faced increased enforcement and warnings from the SEC, leading to a downgraded rating by Citigroup.
More DetailsFour U.S. states - Utah, South Carolina, South Dakota, and Tennessee - have filed bills to exclude Central Bank Digital Currencies (CBDCs) from their legal definitions of money, reflecting rising state-level resistance and concerns over privacy and federal overreach.
More DetailsMalaysian police have shut down two illegal Bitcoin mining operations which had been siphoning power continuously for the past three years.
More DetailsGoogle Cloud has introduced a two-fold IP indemnity scheme to shield users of its generative AI services from possible legal challenges regarding copyright infringements. This initiative, encompassing both the training data and generated output, reflects a proactive risk mitigation strategy to foster a secure and conducive environment for leveraging generative AI capabilities.
More DetailsUS district judge Analisa Torres has finally rejected the SEC’s appeal against letting XRP holders intervene in the ongoing legal case.
More DetailsPanama has introduced a crypto bill with the aim to legalize Bitcoin and cryptocurrencies.
More DetailsA report revealed that the Finance Ministry is now inviting other ministries to have a discussion of its earlier draft on the crypto ban introduced a year ago.
More DetailsRipple CEO Brad Garlinghouse criticizes former SEC Chair Jay Clayton for his aggressive regulatory approach, citing hypocrisy based on a 2020 lawsuit against Ripple. The ongoing legal tussle and recent developments highlight the broader regulatory uncertainties in the crypto industry.
More DetailsA US judge approved a confidential settlement between BlockFi and Three Arrows Capital, aiming to resolve financial disputes without further litigation. The details remain sealed to protect sensitive information amidst BlockFi's bankruptcy proceedings and its implications on the broader crypto market.
More DetailsThe SEC is accepting applications for its Scholars Program for Fall 2023. The program offers internships for undergraduate and graduate students in business and legal programs. The traineeships are paid and range from $15.09 to $35.27 per hour. The SEC encourages students with an interest in blockchain, computer science, and cybersecurity to apply.
More DetailsGoogle is suing individuals for a malware distribution scam involving false AI chatbot ads, aiming to protect users and intellectual property amid growing digital security challenges.
More DetailsSEC Chair Gary Gensler emphasizes regulatory standards as FTX considers legal and compliant return, following founder Sam Bankman-Fried's conviction, marking a pivotal moment in crypto regulation.
More DetailsThe Chinese Association for the Study of Integrity and Legal Systems warns of new corruption forms in the digital era, recommending strengthened legislation, expanded bribery definitions, and improved digital enforcement infrastructure.
More DetailsCentral American nation El Salvador officially adopts Bitcoin as legal tender Tuesday, becoming the first country to embrace Bitcoin as another circulating fiat currency alongside the US dollar.
More DetailsRobin AI and Harvey AI have raised $26M and $80M respectively, indicating a strong growth phase in the legal AI sector.
More DetailsThree families of victims from the Hamas attack on Israel have filed a lawsuit against Binance, its former CEO Changpeng Zhao, Iran, and Syria, alleging their support for terrorism. The suit claims these parties provided substantial assistance to Hamas, spotlighting the challenges of regulating cryptocurrency in combating terrorism financing.
More DetailsEl Salvador's President Nayib Bukelet announced that Bitcoin will officially become legal tender on September 7 and will airdrop $30 in Bitcoin to the public.
More DetailsIn a major development, Ripple CEO Brad Garlinghouse and Executive Chairman Chris Larsen were cleared of all charges by the U.S. Securities and Exchange Commission (SEC). This is the third legal victory for the executives and Ripple, leaving the crypto industry questioning the SEC's approach.
More DetailsBinance names Richard Teng as CEO amid Changpeng Zhao's departure due to legal issues, signaling a new leadership era as the company navigates a DOJ probe.
More DetailsTerraform Labs co-founder Do Kwon requests postponement of his U.S. trial, scheduled for January 29th, to mid-March due to extradition challenges in Montenegro. The SEC filed fraud charges against Kwon in February 2023, related to the collapse of TerraUSD and LUNA tokens.
More DetailsItalian Data Protection Authority, Garante, has raised concerns over potential GDPR violations by OpenAI's ChatGPT, requiring OpenAI to defend its processing of personal data for 30 days.
More DetailsAfter the celebration seen in India’s Supreme Court as the verdict was given against the Reserve Bank of India (RBI) in its action of restricting financial institutions from providing banking services to cryptocurrency-based businesses, interested parties are wondering how the recent news will play out.
More DetailsCelsius Network is considering taking legal action against crypto blogger Tiffany Fong for leaking internal information regarding the company’s bankruptcy case. Fong has been reporting on the bankruptcy case via YouTube and social media platforms, sharing leaked internal information allegedly provided to her by disgruntled former Celsius employees.
More DetailsThe adoption of Bitcoin as legal tender in El Salvador will be effective tomorrow. The market concerns if the new measure would further stimulate the surge of Bitcoin’s price.
More DetailsLesley O’Neill's appointment as Binance.US Chief Compliance Officer marks a strategic response to heightened SEC scrutiny, emphasizing the crypto industry's shift towards compliance and regulatory adherence.
More DetailsThe contrast between FTX's ongoing bankruptcy proceedings and the broader crypto market's revival underscores the volatility and risks in the cryptocurrency industry.
More DetailsYuga Labs, the creators of the Bored Ape Yacht Club (BAYC) NFT collection, have won a legal battle against Ryder Ripps and Jeremy Cahen, the creators of the RR/BAYC NFT collection. Mandala Metaverse has chosen Polkadot to host its first major NFT drop, called the "Cryptonauts". Square Enix has partnered with Elixir Games to bring blockchain gaming to the mainstream. Cricket Stars, a multiplayer NFT cricket strategy game, has been launched on the Tezos blockchain.
More DetailsPaul Gosar of the House of Representative introduced the “Crypto-Currency Act of 2020,” on March 9, a bill that is set to choreograph a wide range of digital assets to be liable to the appropriate regulatory bodies and agencies assigned to it.
More DetailsReportedly, a leaked draft copy shows the detail of the proposing Bitcoin law in Paraguay. The South-American country is expected to be another country worldwide to propose Bitcoin law after El Salvador, promoting Bitcoin as Fiat Money.
More DetailsRipple has announced that it is launching a liquidity hub that would allow financial services companies to provide their customers access to a range of cryptocurrencies.
More DetailsExclusive Interview: Blockchain.News invites Marie Tatibouet, the Chief Marketing Officer, at Gate.io cryptocurrency exchange, to discuss the pros and cons of Bitcoin adoption in the Central African Republic and propose a way how crypto can be adopted in the region.
More DetailsRichard Teng, Binance's new CEO, prioritizes user protection and appeal amid leadership changes following Changpeng Zhao's resignation and $4.3 billion legal settlement for anti-money laundering violations.
More DetailsU.S. authorities are actively addressing the challenges posed by AI in cybersecurity and the legal system, balancing innovation with the need for safety, security, and ethical considerations.
More DetailsThe Securities Commission (SC) of Malaysia, the country’s financial regulator, has announced that Binance cryptocurrency exchange is not unauthorized to operate in the country. The financial watchdog has, therefore, put the crypto exchange on the list of unlicensed companies.
More DetailsBittrex Global, a Liechtenstein-based cryptocurrency exchange, will cease operations on December 4, 2023, following regulatory challenges and legal proceedings, requiring customers to convert U.S. dollar holdings.
More DetailsChina is set to implement significant revisions to its Anti-Money Laundering Law by 2025, marking the first major overhaul since 2007. The amendments focus on including cryptocurrency transactions to combat rising crypto-related money laundering crimes.
More DetailsSmart courts in China are reportedly leveraging a range of innovative technologies to settle legal cases. The online judiciary courts utilize big data, cloud computing, artificial intelligence, and blockchain.
More DetailsThe SEC's acknowledgement of errors in the Debt Box case highlights the significance of accuracy and candor in legal proceedings, impacting regulatory practices in the cryptocurrency sector.
More DetailsCentral Bank Digital Currencies may soon become legal tenders in their jurisdictions as planned by major central banks in Europe as officials are currently studying such initiatives.
More DetailsBrock Pierce and his business partners are suing Blockchain Capital Management LLC (BCM) for copyright infringement.
More DetailsLee Jung-Hoon, former chairman of Bithumb, has been acquitted in a $100 million fraud case related to the non-listing of the BXA token, highlighting challenges in crypto industry legal cases.
More DetailsThe launch of the Central African Republic's Sango Coin has been postponed for a few weeks due to legal and regulatory obstacles. The Sango Project, which is behind the initiative, stated that the delay is necessary to ensure compliance with all relevant regulations.
More DetailsIllegal fishing is a predicament that is at times in oblivion despite it endangering marine ecosystems as it distorts their sustainability and biodiversity. Blockchain offers a distributed ledger technology (DLT) that can be helpful in fish tracking from the time it was captured to the moment it is consumed, and this approach can be instrumental in eradicating illegal fishing.
More DetailsWith the incoming South Korean President, Yoon Suk-yeol, pledging the easing of crypto regulations, the market is on a solid path to being significantly legitimized.
More Details17-year old Graham Ivan Clark, the alleged teenage mastermind of the notorious Bitcoin hack involving high profile individuals has pleaded not guilty
More Details$400 million have been withdrawn from Bitmex in less than 24 hours after the US CFTC filed a legal enforcement action against the exchange’s owners.
More DetailsNexo files a $3 billion claim against Bulgaria for damages caused by a dropped investigation, citing material and reputational harm and disrupted business plans.
More DetailsTaiwanese authorities warn against using cryptocurrency betting platforms for the January 2024 presidential election, amid ongoing investigations and multiple arrests.
More DetailsSingapore's High Court upheld DeFiance Capital founder Arthur Cheong's trust relationship over assets disputed in bankruptcy proceedings, establishing investors' rights in cryptocurrency assets and trust law.
More DetailsAnthropic revises commercial terms of service to provide enhanced copyright protection for Claude API users, addressing ongoing legal challenges in the AI industry.
More DetailsBored Ape Yacht Club (BAYC) creator Yuga Labs has won a legal battle against copycat non-fungible token (NFT) project RR/BAYC. The United States District Court found that the co-creators of RR/BAYC had infringed Yuga Labs’ trademarks, and Yuga Labs is entitled to an injunction and damages. In other news, Mandala Metaverse has chosen Polkadot to host its first major NFT drop, Final Fantasy developer Square Enix has partnered with Elixir Games for blockchain gaming, and a free-to-play multiplayer NFT cricket strategy game called Cricket Stars has launched on the Tezos blockchain.
More DetailsThe United States CFTC has charged operators of BitMEX for operating an unregistered trading platform and violating anti-money laundering procedures.
More DetailsThe US Justice Department has revealed that it has seized cryptocurrency worth millions of dollars intended to fund the activities of terror groups like the military arm of Hamas, the Islamic State, and Al-Qaeda. This breakthrough is the largest clampdown on online terrorist fundraising,
More DetailsBitFinex and Tether have officially spoken out against what they are describing as a baseless lawsuit, designed to undermine the cryptocurrency ecosystem.
More DetailsA Wired report reveals that 88% of top US news outlets are blocking AI crawlers like OpenAI's GPTBot, to protect against copyright infringement and uncompensated content use.
More DetailsUK senior judges have issued guidance to magistrates and judges in England and Wales on the responsible use of AI in courts.
More DetailsAntonio Juliano, dYdX founder, has flagged an upcoming large-scale migration of locked $DYDX tokens to the dYdX Chain following its recent launch. This migration, strictly abiding by legal agreements, marks a significant phase in dYdX's transition to a layer-1 blockchain, amplifying the utility of DYDX tokens for staking and governance purposes.
More DetailsThe UK Supreme Court's decision not to acknowledge AI as an inventor highlights the importance of human involvement in patent applications, setting a precedent for future AI-related patent disputes.
More DetailsTerraform Labs CEO, Do Kwon, sent millions to a South Korean law firm right before the company's collapse. Prosecutors believe Kwon's actions were deliberate and prove his awareness of the impending collapse and anticipated legal problems. Kwon is currently facing extradition to both the United States and South Korea, and prosecutors suspect he converted illegal funds from Terra to Bitcoin. Prosecutors have identified over $314 million in illicit assets associated with Kwon and his associates.
More DetailsThe Moskowitz Law Firm has made a public plea to Shaquille O’Neal to acknowledge its legal complaint on behalf of FTX investors regarding his previous endorsement of the now-defunct crypto exchange. The firm has been standing outside TNT studios in Atlanta all week to serve him, but his security guards have not allowed them in. O’Neal is the only one among the FTX celebrities who has not yet been served.
More DetailsEl Salvador's President Nayib Bukele said as many as 2.1 million users are now actively using the Chivo wallet.
More DetailsThe HKPF and SFC have formed a joint working group to enhance monitoring and investigation of illegal activities related to VATPs. The group aims to facilitate information sharing, assess risks, and collaborate on investigations. The move comes amid ongoing investigations into the unlicensed operations of the Dubai-based JPEX exchange.
More DetailsChina has not always been friendly towards cryptocurrencies, however, the country has not completely banned Bitcoin, according to the Beijing Arbitration Commission.
More DetailsBrock Pierce’s run for President of the United States may have come at the wrong time, as the New York Supreme Court today ruled that Bitfinex and Tether must face up to allegations that they concealed the loss of commingled corporate and client funds amounting to over $850 million.
More Details