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Salary payments in USDT stablecoin ruled as illegal in the Chinese court
6.7.2022
Tether USDT stablecoin cannot be used for salary payments, a Chinese court ruled, citing the country’s blanket ban on all types of crypto transactions
Alexander Vinnik Serves Prison Term in France but No Freedom in Sight
5.7.2022
Having served his five-year prison sentence in France, Russian IT and crypto specialist Alexander Vinnik is now facing a return to Greece and possible extradition to the United States. A French cassation court has recently dismissed an appeal filed by his defense against the transfer....
Russian Media Censor Roskomnadzor Blocks Major Crypto News Website
4.7.2022
Bits.media, a leading news outlet in Russia’s crypto space, has been blocked by Russia’s telecom and mass media watchdog, Roskomnadzor. The site is now inaccessible through most Russian internet providers, the online edition announced, stating it intends to contest the measure....
Report: Embattled Crypto Hedge Fund Three Arrows Capital Files for Chapter 15 Bankruptcy
2.7.2022
The troubled crypto hedge fund Three Arrows Capital Ltd., otherwise known as 3AC, has filed for bankruptcy according to recent court filings. The court papers show 3AC is aiming for an ancillary Chapter 15 proceeding so liquidators and creditors cannot seize the firm’s U.S. assets. 3AC Files...
Troubled Crypto Hedge Fund 3AC Reprimanded by Singapore’s Monetary Authority, Liquidators Eye Su Zhu’s Properties
1.7.2022
On Wednesday, it was reported that the crypto hedge fund Three Arrows Capital (3AC) was liquidated by a British Virgin Islands court and following the alleged liquidation, the Monetary Authority of Singapore (MAS) has reprimanded 3AC for misleading regulators. Furthermore, reports claim that...
South Korean Bankruptcy Court Warns of Coming Surge in Crypto-related Cases
1.7.2022
South Korean courts are bracing for a wave of crypto-related bankruptcies – and have created a “working rule” that will help them deal with cases involving individuals who have fallen foul of crypto investments gone wrong....
Read More: South Korean Bankruptcy Court Warns of Coming Surge...
Grayscale Files Lawsuit Against SEC Over Spot Bitcoin ETF Rejection
30.6.2022
Grayscale Investments, the world’s largest digital currency asset manager, has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) challenging the securities regulator’s decision to reject its application to convert the Grayscale Bitcoin Trust to a spot bitcoin...
Russia’s Financial Watchdog Investigates 400 Crypto-Related Cases, Director Tells Putin
30.6.2022
Rosfinmonitoring is conducting hundreds of investigations into cases involving cryptocurrencies, the head of the agency announced. Hundreds of thousands of Russians take part in crypto deals abroad, the top regulator also reported to the Russian president. Russian Authorities Initiate 20 Criminal...
Report: A British Virgin Islands Court Order Liquidates Crypto Firm Three Arrows Capital
29.6.2022
According to a recent report from Sky News citing a source familiar with the matter, “cryptocurrency insiders” have said that the troubled crypto hedge fund Three Arrows Capital (3AC) has been formally liquidated by a British Virgin Islands (BVI) court. The report does not disclose...
First Mover Americas: BTC Dips as 3AC Liquidation is Ordered by BVI Court
29.6.2022
The latest price moves in bitcoin ($BTC) and crypto markets in context, for June 29, 2022
British Virgin Islands court reportedly orders to liquidate 3AC
29.6.2022
The order reportedly came on the same date with Voyager Digital issuing a notice of default to 3AC for its failure to pay its 15,250 Bitcoin and 350 million USDC loan
Celsius denies allegations on Alex Mashinsky trying to flee US
28.6.2022
Celsius CEO Alex Mashinsky wasn't trying to leave the U.S. last week but has continued to work on recovering liquidity and operations, the company has claimed
Crypto Exchange That Hosted a Scammer’s Wallet Is ‘Not Liable’ For Victim’s Losses, Court Rules
28.6.2022
A South Korean judge has ruled that a domestic crypto exchange is not liable for the actions of a voice phishing scam gang who transferred their victims’ coins onto its platform.
According to Newsis, an individual named only as 'B' for legal reasons claimed they had been the victim of...
Here's How To Add U.S. Supreme Court Justices To Minecraft For No Reason At All
24.6.2022
Minecraft is still one of the biggest games in the world more than a decade after its launch. At the same time, the justices of the United States Supreme Court are all over the news lately. It’s a no-brainer: Let’s put those judges in Minecraft!Read more
PlayStation Studios Break Silence On Abortion Rights After Roe Overturned
24.6.2022
On Friday the U.S. Supreme Court made good on a longstanding right-wing threat to overturn Roe v. Wade, and with it eradicate the constitutional right to abortion that had existed for nearly 50 years. Now some of gaming’s most well known studios, which had previously been silent, are speaking...
John McAfee’s Body Is Still in a Spanish Morgue a Year After He Passed, His Widow Wants Answers
24.6.2022
A year ago on June 23, the anti-virus software tycoon John McAfee was found dead in a Spanish prison after Spain’s high court approved McAfee’s extradition to the United States. Today, McAfee’s body is still in a Spanish morgue as a legal case involving an independent autopsy...
South Korean Court Exonerates Bitcoiner Who Received BTC 200 by Mistake
21.6.2022
A bitcoin (BTC) wallet owner who received almost BTC 200 (USD 4.16m) by accident has been absolved of blame by a branch of the South Korean High Court, which overturned two previous rulings in doing so....
Read More: South Korean Court Exonerates Bitcoiner Who Received BTC 200 by Mistake
Chinese court invalidates 2019 car sale made using now worthless crypto token
20.6.2022
It appears that not only was the sales contract invalidated, but the buyer paid for the car with a questionable digital token in the first place
Virtual Currency-Based Sale Agreement an Invalid Contract, Chinese Court Rules
18.6.2022
A virtual currency cannot be circulated in the market as a currency, therefore a vehicle sale contract wherein parties agreed that the buyer would pay with a privately issued digital currency is invalid, a Chinese court has ruled. The court asserts that a virtual currency does not have the same...
BitMEX co-founder Benjamin Delo avoids jail, receives 30 months probation
16.6.2022
Delo was allowed to leave the country to travel to Hong Kong where he is a resident, bringing to a close his part in the legal saga which began in 2020