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Key G20 Policy Paper Suggests Against Blanket Crypto Ban, Calls for Comprehensive Regulatory Oversight
8.9.2023
A joint synthesis paper from the International Monetary Fund (IMF) and the Financial Stability Board (FSB) on crypto regulations is set to be presented to G20 members during the leadership summit under India's presidency on 9th and 10th September.
The key policy paper, released on Thursday...
SEC Settles Charges Against Linus Financial Over Unregistered Retail Crypto Lending Product
8.9.2023
The US Securities and Exchange Commission (SEC) announced Thursday that it will settle charges against Tennessee-based fintech firm Linus Financial over sales of an unregistered cryptocurrency lending product.
The regulator declared that it will abstain from imposing civil penalties against Linus...
LBRY decides to fight: Blockchain firm files notice of appeal against SEC
8.9.2023
Blockchain-based file-sharing and payment network LBRY is planning to pick up the fight against the federal regulator again after losing the battle in November last year
CTFC cracks down on DeFi protocols Opyn, ZeroEx and Deridex
8.9.2023
The commodities regulator handed out fines of $250,000, $200,000, and $100,000 respectively to the three firms in addition to cease and desist orders
Fraud Lawsuit Against Michael Egorov, the CEO of DeFi Giant Curve, Is Quashed in California
7.9.2023
A judge ruled a California courtroom is the wrong venue since Egorov wasn’t living in the state when the alleged misdeeds took place
Joint IMF and FSB Report Warns Against Total Crypto Bans
7.9.2023
A joint policy roadmap released by the Financial Stability Board (FSB) and the International Monetary Fund (IMF) has cautioned against outright bans on cryptocurrencies.
The policy paper, commissioned by the G20 under India's leadership, has emphasized the need for comprehensive regulatory...
Meta’s assault on privacy should serve as a warning against AI
7.9.2023
Facebook was the worst thing to happen to user privacy over the last two decades. Artificial intelligence could be the worst thing to happen in the days ahead
Genesis Global Capital files a lawsuit against Digital Currency Group
7.9.2023
Genesis Global Capital has filed a lawsuit against Digital Capital Group for defaulting on exorbitantly large amounts of loans. Genesis Global Capital has not received the agreed-upon funds back as of May 2023, per the terms and conditions stipulated by the two corporations. Genesis has hired...
Celsius Network files 'adversary complaint' against EquitiesFirst
7.9.2023
Bankrupt crypto lender Celsius Network is attempting to recover assets from a private lender called EquitiesFirst Holdings, which reportedly owes $439 million in cash and crypto
Celsius Network Files 'Adversary Complaint' Against EquitiesFirst to Recover Assets
6.9.2023
EquitiesFirst, a private lender, owed Celsius $439 million of assets as of July 2022
Tornado Cash Co-Founder Pleads Innocence Amidst Money Laundering and Hacking Scandal
6.9.2023
On the 6th of September, 2023, the Inner City Press (ICP) delivered an account of the legal proceedings involving Roman Storm, one of the co-creators behind the ethereum (ETH) mixing protocol, Tornado Cash. In the courtroom drama that unfolded, Storm resolutely declared his innocence by pleading...
Sam Bankman-Fried appeal against bail revocation 'meritless': Prosecutors
6.9.2023
The New York South District court revoked former FTX CEO Sam Bankman-Fried’s bail on Aug. 11 after an appeal from the prosecution in July citing multiple instances of violation of bail conditions
Crypto is in ‘arms race’ against AI-powered scams: Quantstamp co-founder
5.9.2023
Quantstamp's Richard Ma explained that the coming surge in “sophisticated” AI phishing scams could pose an existential threat to crypto organizations
CEO of Gala Games files lawsuit against co-founder
4.9.2023
An uneasy occurrence has taken place at Gala Games, with the CEO of the company, Eric Schiermeyer, having filed a lawsuit against the Co-Founder, Wright Thurston. This is with regard to the misappropriation of funds. As a result, its token value has fallen by 13%. The allegation is that Thurston...
US Lawmaker Contradicts SEC Chair — Says Crypto Industry Not ‘Rife With Noncompliance’
4.9.2023
A U.S. congressman has defended the crypto industry against Securities and Exchange Commission (SEC) Chairman Gary Gensler, who stated that it is rife with noncompliance. The lawmaker’s statement followed a pair of legal cases in which the judges sided with cryptocurrency firms over...
Tornado Cash Founders Accused, Court Rules in Favor of Grayscale Against SEC, and More — Bitcoin.com News Week in Review
3.9.2023
The U.S. government has charged the founders of crypto mixing and privacy tool Tornado Cash with money laundering, calling them “criminals.” In other news, the U.S. Court of Appeals for the District of Columbia has ruled in favor of crypto asset manager Grayscale against the United...
FBI report warns against 'Infamous Chisel' - new malware targeting crypto wallets
1.9.2023
The FBI and the UK’s GCHQ published a joint report warning users about a new malware called “Infamous Chisel” which targets Android devices
Court Ruling in Favor of Grayscale Clears Path for Bitcoin Innovation in US: Vivek Ramaswamy
1.9.2023
Grayscale’s court win over the U.S. securities regulator will help keep crypto innovation in America, Republican presidential hopeful Vivek Ramaswamy is convinced. While praising the “strong decision,” Ramaswamy also commented that the case should have never reached the courts. Federal Courts...
U.S. Court Calls ETH a Commodity While Tossing Investor Suit Against Uniswap
31.8.2023
A New York judge declined to "stretch the federal securities laws to cover the conduct alleged" in a proposed class action complaint seeking to hold Uniswap accountable for "scam tokens" issued on the protocol
Bloomberg Analysts Boost Spot Bitcoin ETF Approval Odds After Grayscale’s Court Victory
31.8.2023
In early August 2023, Bloomberg ETF specialists Eric Balchunas and James Seyffart estimated a 65% probability for the approval of a spot bitcoin ETF. However, as August draws to its conclusion, and in light of a U.S. court siding with Grayscale over a legal tussle against the U.S. Securities...