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Neopets Is Under New Management, Ditching NFTs And Other BS
18.7.2023
Neopets, the beloved virtual pet game from the 2000s that featured Flash games and a giant omelette, is under new management—and they’re looking to reinvigorate the world of Neopia. On July 18, the newly formed World of Neopia, Inc. published a lengthy blog post under the byline “The Neopets Team”...
Ripple’s major success in its court battle with the SEC: Law Decoded, July 10–17
17.7.2023
Ripple Labs scored a partial victory in its lengthy legal battle with the United States Securities and Exchange Commission, which dates back to 2020
Ripple's XRP Ruling Does Nothing for Regulatory Clarity
17.7.2023
FBI Used Nintendo Switch To Locate Abducted Child
17.7.2023
The FBI used a Nintendo Switch console to locate an abducted 15-year-old girl, who had been missing for 11 days back in August 2022, ABC15 reports.Read more
US Lawmakers Call on Congress to Pass Crypto Law Following SEC v Ripple Ruling on XRP
16.7.2023
Several U.S. lawmakers have called on Congress to pass crypto legislation following the court ruling on the U.S. Securities and Exchange Commission (SEC) v. Ripple case regarding XRP. “Gary Gensler’s SEC cannot continue to pursue its regulation by enforcement approach, which only...
Binance customers represented by entity, citing inadequate representation
15.7.2023
Eeon seeks compensation from both Binance and the US SEC, equivalent to 20% of the daily value of withheld funds per customer, totaling $1000 per day
Legal Expert Warns Victory May Be Short-Lived for Ripple and XRP — Says Judge ‘Got the Law Wrong’
15.7.2023
A legal expert has warned that the district court ruling on XRP “rests on very shaky ground.” Expecting an appeal, he cautioned that Ripple’s victory “may be a short-lived victory,” claiming that the judge “got the law wrong.” Lawyer on Ruling of...
Coinbase pauses staking services in four US states following regulators' orders
15.7.2023
According to the U.S. crypto exchange, only regulators’ actions in California, New Jersey, South Carolina, and Wisconsin require the pause in staking additional assets
Everything that's happened with Celsius and Alex Mashinsky so far
14.7.2023
A look back at the rise and fall of Celsius, starting with the firm's growth during the pandemic to the arrest of its former CEO and resolutions with federal regulators
United Kingdom’s digital pound meets public backlash — Why?
14.7.2023
The use of physical currency for transactions is plummeting globally, so why is the U.K. so tentative with its own central bank digital currency?
Ripple’s Chief Legal Officer Breaks Down Ruling in SEC Lawsuit — Says ‘As a Matter of Law, XRP Is Not a Security’
14.7.2023
Ripple Labs’ chief legal officer has broken down Thursday’s ruling on the U.S. Securities and Exchange Commission (SEC) v. Ripple case. Emphasizing that the landmark ruling is “a huge win” for the crypto firm, he stressed that “as a matter of law – XRP...
FTC Blasted By Congress And Gamers For Doing Its Job
14.7.2023
Under chair Lina Khan, the Federal Trade Commission (FTC) has taken a lot of heat for trying to be aggressive in its approach to regulating tech companies and preventing monopolies. Now the FTC is facing criticism from both Republicans in Congress and very online Xbox fans for appealing a recent...
US Attorney's Office announces charges against former Celsius CEO Alex Mashinsky
13.7.2023
Authorities said they had reached a “non-prosecution agreement” with Celsius, but former CEO Alex Mashinsky will face criminal charges related to fraud and misleading users
Racist Destiny 2 Player Messes Around, Finds Out With $500K Fine
13.7.2023
A Destiny 2 player who doxxed and harassed a Bungie community manager has been found liable for nearly $500,o00 in damages and fees, in a lovely example of fucking around and finding out. Read more
US Authorities Accuse Former Security Engineer of Siphoning $9 Million From Defi Platform
13.7.2023
Authorities in the United States recently revealed that law enforcement has arrested Shakeeb Ahmed for “wire fraud and money laundering in connection with his attack on a decentralized cryptocurrency exchange.” The U.S. Attorney for the Southern District of New York suggested that...
Russian State Duma Passes Digital Ruble Law
13.7.2023
The State Duma, the lower house of the Russian Federal Assembly, discussed and passed the Digital Ruble law in its second and third discussion on July 11. The law will allow the Central Bank of Russia, as the sole regulator of the proposed digital currency, to organize a pilot test slated...
US industry watchdogs oppose draft bill on crypto market structure
13.7.2023
The group sent a detailed letter to the U.S. House Financial Services Committee accusing the crypto market of seeking favorable legislation under the guise of crypto innovation
US Senators reintroduce crypto bill aimed at comprehensive regulation
12.7.2023
The Responsible Financial Innovation Act will establish guardrails "to prevent another FTX-style event from occurring" in the wake of the 2022 market crash and many bankruptcies
CFTC case against Digitex futures exchange and CEO results in $16M court order
12.7.2023
The commission filed charges against Digitex and CEO Adam Todd in September 2022 for alleged price manipulation and failure to register
Blockchain Association calls for investigation into Prometheum over alleged 'sweetheart' SEC deal
12.7.2023
The group raised concerns over Prometheum's changing position on crypto regulatory clarity and under what circumstances the firm obtained a special purpose broker-dealer license