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Today in Crypto: Mastercard Forms a CBDC Program with Ripple, Consensys & Fireblocks, OpenSea is Set to Disable its Operator Filter, Taiwan Proposes Business Category for Crypto Firms to Self-regulate & Form Industry Associations
18.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Mastercard Forms a CBDC Program with Ripple, Consensys & Fireblocks, OpenSea is Set to Disable...
Bitget and crypto influencer embroiled in legal saga after ReelStar token listing fiasco
18.8.2023
Evan Luthra says Bitget froze his account in April. The exchange claims it was done on suspicions of market manipulation related to the sale of REELT tokens
What is Chapter 11 bankruptcy? Understand the basics
18.8.2023
Understand how companies reorganize amid financial challenges to ensure business continuity via Chapter 11 bankruptcy
FTX Seeks $176 Million Settlement with Genesis Entities Amid Legal Dispute
18.8.2023
According to a legal filing on August 16, FTX, the bankrupted cryptocurrency exchange, and its CEO, John J. Ray III, have submitted a motion to settle with Genesis entities for $176 million.
With motion hearing scheduled for September 9, FTX Trading and related debtors have formally requested...
Grand Theft Auto V AI NPC Mod Nuked From Internet
17.8.2023
In case you thought Rockstar Games’ acquisition of Grand Theft Auto V creator group Cfx.re meant a brave new era for open modding in the hit open-world game, don’t worry, publisher Take-Two is still going after fan projects it doesn’t like. Case in point is its recent sacking of a mod called...
Today in Crypto: Polygon Labs and Mobile Giant SK Telecom Sign a Web3 Deal, Coinbase Partners With Trustly for Payments in Canada, Singaporean Police Arrest Ten Foreigners and Seize Crypto
17.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Polygon Labs and Mobile Giant SK Telecom Sign a Web3 Deal, Coinbase Partners With Trustly for Payments...
Judge Approves Investment Banker as Declarant in SEC vs. Ripple Legal Battle – Here's the Latest
17.8.2023
In the latest development of the legal case between the United States Securities and Exchange Commission and Ripple Labs, Judge Analisa Torres has approved the participation of an investment banker declarant, Andrew A. Kunsak....
Read More: Judge Approves Investment Banker as Declarant in SEC...
El Salvador’s Bitcoiners teach 12-year-olds how to send sats
17.8.2023
Over 25,000 students in El Salvador have learned about Bitcoin in the classroom
Bankman-Fried Donated $100 Million of FTX Money to Politicians, Prosecutors Claim
16.8.2023
Crypto exchange FTX founder Sam Bankman-Fried (SBF) spent more than $100 million of customer funds on political donations, according to an amended indictment. On Monday, U.S. federal prosecutors also alleged that he used two FTX executives as “straw donors” to evade contribution limits....
Report: Brazilian Court Fines Mastermind of South African Bitcoin Ponzi Scheme
16.8.2023
A court in Brazil has found Johann Steynberg, the mastermind of the bitcoin ponzi scheme Mirror Trading International (MTI), guilty in a case in which he is accused of using a forged identity document. The court, however, commuted Steynberg’s three-and-a-half-year sentence to a fine of just...
Major Chinese Filecoin Miner Accused of Orchestrating $83.2 Million Pyramid Scheme
16.8.2023
A Chinese local court has started the trial in the case of Shenzhen Shikongyun (Space-Time Cloud) Technology, a major Filecoin mining firm, for an alleged $83.2 million pyramid scheme.
The ongoing trial in Pingnan County in the Guangxi autonomous region involves the company's four executives...
Former FTX Co-CEO Ryan Salame to Plead the Fifth, Declares Himself ‘Unavailable as a Witness’
15.8.2023
U.S. federal prosecutors have unveiled court documents indicating that ex-FTX CEO Sam Bankman-Fried (SBF) is entangled in a web of allegations, with illegal political campaign financing being a significant charge. In light of these allegations against SBF, Ryan Salame, FTX Digital Markets’...
Today in Crypto: ETFs 'May Account for 10%' of BTC Market Value in 3 Years, Jacobi Lists Europe's 1st Spot Bitcoin ETF, Binance Asks for Protective Order Against the US SEC, Dasset Exchange Begins Liquidation
15.8.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: ETFs 'May Account for 10%' of BTC Market Value in 3 Years, Jacobi Lists Europe's 1st Spot Bitcoin...
Stanford School Newspaper Highlights the Irony of Sam Bankman-Fried’s Scheduled Stanford Talk on Ethics Amidst Legal Chaos
15.8.2023
Sam Bankman-Fried (SBF), a once towering figure in the crypto world and former FTX CEO, was curiously slated to share his insights on tech ethics with Stanford students this winter. In a thorough examination penned by Theo Baker for the Stanford Daily, the details of SBF’s multifaceted...
Legal Experts from Top U.S. Law Schools Critique SEC's Approach in Coinbase Lawsuit
14.8.2023
A consortium of legal experts from top U.S. law schools are backing Coinbase in its lawsuit with the Securities and Exchange Commission (SEC), arguing that the latter has the wrong interpretation of what constitutes an “investment contract.”...
Read More: Legal Experts from Top U.S. Law Schools...
A wave of legal support boosts Coinbase against SEC’s pressure
14.8.2023
A group of experts in law, finance with experience in blockchain technology have come together to provide their support for Coinbase’s defence against the SEC. These briefs argue that the SEC is interpreting ‘investment contract’ incorrectly, which could be harmful to...
Legal Twist: Three Arrows Capital Co-Founder's Citizenship Renunciation Disrupts Court's Jurisdiction in Bankruptcy Case
14.8.2023
In the bankruptcy case of Three Arrows Capital (3AC), a crypto hedge fund that ceased operations, a judge has rejected a request to hold co-founder Kyle Davies in contempt of Court and impose sanctions....
Read More: Legal Twist: Three Arrows Capital Co-Founder's Citizenship Renunciation Disrupts...
Idle No More: $11.4 Million in ‘Sleeping Bitcoins’ Wake up After Years of Dormancy
13.8.2023
Hovering just above the $29,000 mark, bitcoin’s value remained relatively stable while an interesting event occurred on Saturday afternoon: a dormant cache of 195.79 bitcoins, untouched for over seven years, was transferred for the first time since 2016. This action was followed by another...
Crypto Fraud Scheme Organizers Face Legal Action by CFTC in Florida, Louisiana, and Arkansas
13.8.2023
The Commodity Futures Trading Commission (CFTC) has taken legal action against four individuals and their organization, Fundsz, for their involvement in a fraudulent scheme related to cryptocurrencies and precious metals trading. ...
Read More: Crypto Fraud Scheme Organizers Face Legal Action...
Coinbase gains legal support as scholars file amicus brief
13.8.2023
In their filing, the legal practitioners advocated for the Court to steadfastly adhere to the established definition of the term 'investment contract' when interpreting its scope