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Wyoming Grants DAOs New Legal Structure
8.3.2024
Wyoming has established a new legal framework for in-state decentralized autonomous organization (DAO) nonprofits that has crypto investment giant Andreessen Horowitz (a16z) calling the state an "oasis."
Appeals Court Revives Aspiring Class Action Lawsuit Against Binance
8.3.2024
A Friday ruling doesn't make any declaration on whether the tokens at the heart of a lawsuit against Binance are securities, but it may give investors a chance to argue that they are
Crypto Investment Scam Losses in U.S. Grew 53% to $3.94B in 2023: FBI
8.3.2024
Investment fraud at large grew by 38% from $3.31 billion to $4.57 billion, according to the bureau's Internet Crime Report 2023, highlighting the prominent role that cryptocurrency plays in this area of crime
U.S. Will Appeal Do Kwon's Extradition to South Korea: Report
8.3.2024
The U.S. will appeal the ruling of a Montenegro Court to hand Terraform Labs co-founder Do Kwon to South Korea, according to Bloomberg
Nayib Bukele Reacts to Bitcoin Critic’s Indictment with Laughter
7.3.2024
President Nayib Bukele has responded humorously to a social media post highlighting the legal troubles of one of his country's prominent critics in Capitol Hill. Bukele quoted a post on X (formerly Twitter) with a laughing emoji. The post detailed Senator Bob Menendez's indictment, adding a touch...
U.S. Fed Chair Powell Says 'Nowhere Near' Pursuing CBDC, Won't Spy on Americans
7.3.2024
Even if the Federal Reserve were close to recommending a central bank digital currency (CBDC) in the U.S., Chair Jerome Powell told lawmakers that the Fed has zero interest in a system in which it would have a view into user data
Do Kwon Can Be Extradited to South Korea, Montenegrin Court Rules: Reports
7.3.2024
Kwon successfully appealed a previous decision by the same court to send him to the U.S. instead
Nigeria's Central Bank Enlists Gluwa Nigeria to Boost eNaira Systems, Adoption
7.3.2024
Adoption of the central bank digital currency pales in comparison to the use of cash in the country
Nigeria's SEC Updates Guidelines for Crypto Firms in Bid to Stop Criminal Activity: Report
7.3.2024
Nigeria's government has started a fresh crackdown on crypto firms, reportedly blocking access to several, including Binance, Coinbase and Kraken
Hong Kong’s Central Bank Announces New Wholesale CBDC to Support Tokenization Market
7.3.2024
Project Ensemble will "seek to explore innovative financial market infrastructure (FMI) that will facilitate seamless interbank settlement of tokenised money," HKMA said
BlockFi Settles With FTX, Alameda Estates for $874.5M
7.3.2024
The settlement with FTX and Alameda Research is a key part of BlockFi's bankruptcy and reorganization plan
How the SEC's Recent Win May Play in Its Coinbase, Binance Cases
6.3.2024
A federal judge ruled that secondary-market transactions for certain cryptocurrencies violated securities law. The catch: This was a default judgment. The defendant never showed up, and no one filed amicus briefs to oppose the Securities and Exchange Commission's motion for a default ruling
Crypto Dollars Helped Lift U.S. Politicians to Victory in Congressional Primaries
6.3.2024
Focused campaign spending from the crypto industry hit paydirt in Super Tuesday elections across the U.S., with several key congressional races going the way the industry had hoped
'Congress Needs to Act' on Crypto Regulations, CFTC Chair Behnam Tells Lawmakers
6.3.2024
The CFTC Chair was testifying on the regulator's 2025 budget request
UK Launches Consultation on Implementing OECD Crypto Reporting Framework
6.3.2024
The U.K. government believes implementing the reporting framework could draw in 35 million pounds ($45 million) from 2026
European Crypto Exchange Bitstamp Receives In-Principle Approval in Singapore
6.3.2024
Bitstamp describes itself as the "first crypto exchange with major European Union (EU) presence to secure in-principle approval in Singapore."
Binance.US Slashed Two-Thirds of Its Workforce as Revenue Plunged After SEC Lawsuit: Court Transcript
6.3.2024
"The allegations of the SEC severely undermined institutional trust in our platform," Binance.US executive Christopher Blodgett said during a deposition
ShapeShift Settles SEC Charges It Sold Crypto Securities
6.3.2024
The federal regulator instituted a cease-and-desist against ShapeShift, which dissolved its U.S. crypto exchange in 2021
SEC Pushes Back Decision on BlackRock, Fidelity's Ether ETF Applications
6.3.2024
The SEC wants to know if the applications for ETFs that hold Ethereum's ether (ETH) are supported by the same arguments that led to the approval of spot bitcoin ETFs
Crypto Seeks to Make Mark on U.S. Elections During 'Super Tuesday'
5.3.2024
The long list of primary elections Tuesday across 15 U.S. states will steer the fates of many seats in Congress and further solidifies the presidential showdown later this year, but Coinbase CEO Brian Armstrong said it's also a "chance to send a message" to federal politicians who've declined...