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Nalezeno "US law": 4405

FBI Indicts Wall Street Banker For Doing Crimes On Xbox 360

29.9.2023
A newly unsealed FBI indictment accuses a former analyst at Goldman Sachs of insider trading, including allegedly using an Xbox to pass tips onto his close friends. The friend group earned over $400,000 in ill-gotten gains as a result, federal prosecutors claim. “There’s no tracing [Xbox...

FTX’s $3.4B crypto liquidation: What it means for crypto markets

29.9.2023
Bankrupt crypto exchange FTX has been approved to liquidate nearly $3.4 billion worth of crypto assets, creating a sense of panic among crypto investors, but experts say the phased liquidation schedule will ensure market stability

US Authorities Seize Crypto Linked to Pig-Butchering Scam Held at Binance

28.9.2023
U.S. authorities are seeking to recover cryptocurrencies linked to the popular pig-butchering crypto scam. “Law enforcement was able to trace cryptocurrency involved in the fraud and money laundering to two Binance accounts, where it was seized,” the United States Attorney’s...

Former FTX Law Firm Denies Role in Collapse; Challenges Allegations as ‘Fatally Deficient’ in Court Motion

26.9.2023
San Francisco-based law firm Fenwick & West LLP is denying allegations from FTX founder Sam Bankman-Fried that the firm provided legal advice enabling the alleged fraud that led to the cryptocurrency exchange’s collapse. In a recent court filing, Fenwick & West asserts the allegations...

Hong Kong to tighten crypto regulation, Thailand to tax crypto overseas: Law Decoded

25.9.2023
While Thai regulators aim to tax crypto earned overseas, Brazilian lawmakers seek to protect it from seizure

Binance exit aftershock: Can one resignation tip the crypto trust scales?

25.9.2023
The announcement of yet another top figure departing Binance coincided with an increased outflow of funds from the crypto platform. But can one executive resignation really have such an impact?

British Law Firm to Sue Onecoin Cryptoqueen to Recover Investor Funds

25.9.2023
A London-headquartered law firm is preparing a lawsuit against the fugitive mastermind of the Onecoin crypto pyramid scheme, ‘Cryptoqueen’ Ruja Ignatova. Its lawyers intend to file a class action suit in the United Kingdom’s High Court, the British press revealed. Fugitive Cryptoqueen May Face U.K....

FTX's former external legal team disputes involvement in fraud allegations

24.9.2023
In a recent court filing, a U.S. law firm that had previously offered services to FTX refutes allegations of assisting Sam Bankman-Fried in his alleged fraudulent activities

UK Online Safety Bill to Become Law Amidst Heavy Criticism From Civil Liberties Organizations

23.9.2023
The U.K. Online Safety Bill, a piece of legislation that seeks to make the country “the safest place in the world to be online,” has been signed by both houses of parliament and will become law soon. Several civil liberties organizations and activists have criticized it due to...

How are crypto firms responding to US regulators' enforcement actions?

23.9.2023
Prometheum was purportedly "purpose-built to comply with federal securities laws" and has avoided lawsuits from the SEC when compared with firms like Binance and Coinbase

Binance Sounds the Warning: EU's MiCA Law May Lead to Stablecoin Removals – What's Going On?

22.9.2023
Binance has raised concerns about the potential delisting of stablecoins in Europe due to the upcoming implementation of the European Union's Markets in Crypto Assets (MiCA) regulation. “We are heading to a delisting of all stablecoins in Europe on June 30,” given that no project has yet been...

Silicon Valley Law Firm Fenwick & West Files to Dismiss FTX Class Action Lawsuit

22.9.2023
Fenwick & West, a renowned Silicon Valley law firm, has denied allegations that it played a role in facilitating a fraud allegedly committed by bankrupt crypto exchange FTX. The law firm has filed a motion to dismiss the lawsuit, claiming that its services provided to FTX were standard legal...

Redefining Money: America’s digital currency dilemma

21.9.2023
As the United States House Financial Services Committee looks to further impede the introduction of a digital dollar, where does this resistance to a CBDC stem from?

The Author’s Guild launches class-action lawsuit against OpenAI

20.9.2023
The Author’s Guild opened a lawsuit against OpenAI, alleging misuse of copyrighted material in training of its AI models

Meta refutes claims of copyright infringement in AI training

20.9.2023
In a lawsuit against Sarah Silverman and other authors Meta claims its AI system does not create copyright infringing material

Kenyan Minister: US Government Recently Foiled Attempt to Detain Worldcoin Representatives

20.9.2023
Kenyan law enforcement recently detained two Worldcoin executives as they attempted to depart the country. According to the Kenyan Interior Minister, the duo were eventually let go after the U.S. government’s intervention. U.S. Government Reportedly Intervenes in Worldcoin-Related Detainment...

Chainalysis Report: India Ranks Second in Global Transaction Volume Despite Tax Law Challenges

20.9.2023
India has claimed the second-largest position in the global crypto market, surpassing the UK, Turkey, and Russia in raw transaction volume. This achievement is notable given that it comes despite challenges posed by India's anti-crypto regulatory and tax environment, a recent report from...