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Hungary Proposes Crypto Law to Regulate Digital Investment Instruments
6.3.2024
The proposed law would regulate the future tradability of digital investment instruments and allow traditional banks to incorporate cryptos.
The post Hungary Proposes Crypto Law to Regulate Digital Investment Instruments appeared first on Cryptonews
Binance.US Axed Two-Thirds of Staff, Revenue Tanked 75% after SEC Lawsuit: COO
6.3.2024
Binance's US arm imploded following SEC allegations regarding violations of securities law, according to the subsidiary’s COO Christopher Blodgett.
The post Binance.US Axed Two-Thirds of Staff, Revenue Tanked 75% after SEC Lawsuit: COO appeared first on Cryptonews
Physics Professor Claims “Power Law” Model Shows Bitcoin Will Reach $10 Million by 2045
4.3.2024
In a video published on X on March 2, Santostasi told mathematician and Bitcoin investor Fred Krueger that his power law model is a more understandable and predictable model of Bitcoin price over a long period of time.
The post Physics Professor Claims “Power Law” Model Shows Bitcoin Will Reach...
$1 Million per BTC by 2033: Predicting Bitcoin’s Price Trajectory Using the Power Law Model
3.3.2024
In an era where bitcoin’s value fluctuates wildly, a price model has emerged, offering a mathematical glimpse into its future price. The “Bitcoin Power Law,” suggests an interesting path for bitcoin’s price, rooted in the principles of algebra and natural laws....
UK Law Enforcement Will Soon Have More Power to Seize Crypto Assets
1.3.2024
A crime bill passed last year gave law enforcement agencies more power to seize and freeze crypto
Police Department Apologizes For Tone-Deaf Call Of Duty Recruitment Ad
1.3.2024
A Peoria, Illinois police department tried to recruit new officers with a Call of Duty-inspired campaign on social media, and it was as tone-deaf as you’d imagine. The post, originally shared on the Peoria Police Department’s social media page, showed three white men posing with guns while wearing...
Nigeria Detains Binance Executives as It Investigates the Crypto Exchange: Reports
29.2.2024
Binance executives were intercepted by Nigerian officials and their passports seized after they landed in the country
SEC Objects to Terraform’s $166M Retainer of Law Firm Dentons: Reuters
29.2.2024
The U.S. Securities and Exchange Commission (SEC) has raised objections to a $166 million retainer payment to lawyers of Terraform, according to Reuters
Tears Of The Kingdom Was Pirated 1 Million Times, Nintendo Claims In Lawsuit
28.2.2024
Nintendo filed a civil lawsuit on February 26 against Yuzu software developer Tropic Haze, claiming that the team’s tech let folks illegally pirate 2023’s The Legend of Zelda: Tears of the Kingdom over one million times a full week and a half before it even came out. According to the Mario maker...
Economist Peter Schiff Says Gold Price Not Rising Fast Enough, Condemns Civil Ruling Against Donald Trump
27.2.2024
Peter Schiff, a U.S. economist and gold advocate, has attributed the lacklustre performance of gold mining companies to the rising inflation rate, which contrasts with a largely static gold price. Schiff maintains that the U.S. inflation rate would have been even higher if the U.S. Federal Reserve...
UK Law Commission Seeks To Classify Cryptocurrencies As “Property” In New Draft Bill
22.2.2024
A proposed UK law would officially define cryptocurrencies as a distinct form of property. This move seeks to create greater legal certainty, bolstering protections for holders of digital assets. The Law Commission of England has launched a consultation exercise on the bill, drawing from recent...
England's Law Commission Seeks Views on Draft Legislation to Label Crypto as Property
22.2.2024
The Law Commission also called for evidence on its project on digital assets and electronic trade documents in private international law
FTX Investors Sue Law Firm Sullivan and Cromwell For Involvement in Crypto Fraud
21.2.2024
A class action lawsuit by investors of FTX is being brought against law firm Sullivan and Cromwell for its involvement in the $8 billion fraud, a February 16 Miami court filing revealed.
The post FTX Investors Sue Law Firm Sullivan and Cromwell For Involvement in Crypto Fraud appeared first...
Turkey’s Legislators Meet Stakeholders to Discuss Crypto Regulation, Pledge Security and Innovation in Draft Law
21.2.2024
Turkey’s legislators met with digital asset stakeholders in a consultative meeting to discuss incoming crypto market rules.
The post Turkey’s Legislators Meet Stakeholders to Discuss Crypto Regulation, Pledge Security and Innovation in Draft Law appeared first on Cryptonews
Australian Police Officer in Court for Stealing Nearly 82 BTC From Seized Drug Trafficker’s Wallet
20.2.2024
An Australian police officer recently appeared in a Melbourne court where he faced charges of stealing 81.616 bitcoins from a crypto wallet seized from drug traffickers. After initially blaming the drug traffickers,’ the Australian Federal Police later reopened the case after an expert found...
FTX’s Legal Labyrinth: S&C Scrutinized Over Past Ties and Fraud Claims
18.2.2024
FTX creditors have filed a class-action lawsuit against the law firm overseeing the exchange’s bankruptcy, Sullivan & Cromwell (S&C). The creditors allege that S&C actively participated in FTX Group’s multibillion-dollar fraud and benefited financially from it. According...
Law Firm Handling FTX’s Bankruptcy Case Expected to Become Binance’s Independent Monitor
16.2.2024
New York-based law firm Sullivan & Cromwell, which is currently handling FTX’s bankruptcy case, is expected to be appointed as the independent monitor for Binance Holdings. The move comes after Binance reached a multibillion-dollar settlement with the US government. As part of...
China to Revise AML Law to Address Risks Associated with Virtual Assets
15.2.2024
China is set to revise its outdated Anti-Money-Laundering (AML) law in a bid to tackle the increasing risks associated with virtual assets. The draft amendment, discussed at a State Council meeting chaired by Chinese Premier Li Qiang, will soon undergo review by the national legislature, according...
Prominent Crypto Attorney Contemplates 2024 Senate Run Against Elizabeth Warren
15.2.2024
John Deaton, founder of Crypto Law and a prominent attorney in the SEC vs Ripple lawsuit, is reportedly considering running as a Republican against crypto-critic Senator Elizabeth Warren in the 2024 US Senate elections in Massachusetts. Deaton is taking a “serious look” at the Senate run and will...
Voyager Investors Sue the NBA and New Jersey’s Oldest Law Firm
14.2.2024
Investors in the bankrupt cryptocurrency exchange Voyager Digital are suing the National Basketball Association (NBA), and New Jersey’s oldest law firm, McCarter & English. This emerging legal battle illustrates how even some of the largest and most reputable brands and companies can quickly...