Law Financial News

19.04 / 06:27

business Law NFT Altcoin Google Apple Court NFT app Rebase co-founder accused of going ‘rogue’ in suit by partner

The co-founder of the nonfungible token (NFT) project Rebase is facing a lawsuit from his apparent business partner accusing him of going “rogue” by stealing $2 million from a joint crypto wallet and ousting an apparent co-founder out of the firm.

19.04 / 05:39

Law regulation Bitfinex US Attorney seeks 7-year sentence for exec in crypto shadow banking case

A long sentence is being sought by United States prosecutors for an executive in a crypto shadow banking case that has dragged on for five years.

18.04 / 21:39

Law regulation Court Bankruptcy Restructuring Plan Zipmex requests 2-month extension from Singapore court for restructuring plan

Cryptocurrency exchange Zipmex has requested another extension which would allow for a longer moratorium on its debt in Singapore amid the firm’s liquidity issues.

18.04 / 16:43

Law Ethereum regulation Congress Sec Chair us house committee US House committee chair repeatedly presses SEC chair: 'Is Ether a commodity or a security?'

Patrick McHenry, chair of the United States House Financial Services Committee, jumped right into criticism of the Securities and Exchange Commission and its leadership over digital assets at an oversight hearing.

18.04 / 10:05

Law regulation lending Court Bitcoin Crypto lender Babel gets extended creditor protection in Singapore

Troubled cryptocurrency lending firm Babel Finance has more time to repay debts to creditors like Deribit after suspending withdrawals in 2022.

18.04 / 08:15

business Law regulation Bitcoin Regulation Financial UAE’s federal financial regulator opens licensing applications for VASPs

The federal financial regulatory agency of the United Arab Emirates (UAE) has announced that it will start receiving licensing applications for firms that want to provide virtual asset services within the country.

18.04 / 07:33

business Law regulation Trading Taxes Koinly NOT ‘Biggest mistake’ is not using tax loss harvesting: Koinly head of tax

Failing to utilize tax loss harvesting is one of the biggest mistakes people make on their tax returns according to Danny Talwar, the head of tax at crypto tax software firm Koinly.

17.04 / 13:05

business Government Law Adoption Binance exchanges Bitcoin Price Peer-to-peer crypto exchanges struggle to navigate shifting legal landscape

A peer-to-peer (P2P) cryptocurrency exchange is an online marketplace that connects buyers and sellers of cryptocurrencies like Bitcoin (BTC). The platform enables them to conduct direct business with one another without the need for intermediaries.

16.04 / 03:07

Law Twitter regulation FTX Court Lawyers FTX victims' lawyers struggle to serve Shaq

The law firm representing victims affected by the FTX collapse have publicly appealed to NBA superstar Shaquille O’Neal to show “courtesy and honor” by actually accepting their legal complaint after several unsuccessful attempts.

15.04 / 09:43

business Law regulation LUNC Terraform Labs Terra Lawyers Do Kwon lawyers received $7 million before Terra collapse: Report

South Korean prosecutors confirmed that Terraform Labs CEO Do Kwon sent 9 billion won ($7 billion) to Kim & Chang — a top South Korean law firm — right before the spectacular collapse of the Terra ecosystem.

15.04 / 02:53

business Law Bankruptcy Celsius Celcius reportedly prepping litigation against creditor for leaking internal info

A court filing indicates that bankrupt crypto lender Celsius Network either intended to, or is potentially looking at taking legal action against crypto blogger and Celsius creditor Tiffany Fong over leaking internal information.

14.04 / 22:28

Law regulation crimes Silk Road Bitcoin Prison silk road bitcoin Individual behind $3.4B Silk Road Bitcoin theft sentenced to one year in prison

The United States Attorney’s Office for the Southern District of New York has announced the sentencing for an individual who pleaded guilty to wire fraud charges connected to “unlawfully obtained” Bitcoin from the Silk Road marketplace in 2012.

14.04 / 09:33

Blockchain Law NFT Smart Contracts What happens to your NFTs when you die?

Once a nonfungible token (NFT) trader dies, their digital collectibles may be forever lost in the blockchain if they do not have a handover plan set up. Because of this, lawyers believe that it’s best to craft a way to pass on their assets in case of death.

13.04 / 22:09

Blockchain Law regulation Nodes Arizona governor vetoes bill targeting taxes on blockchain node hosts

Katie Hobbs, the governor of the state of Arizona, has vetoed legislation that would have largely stopped local authorities from imposing taxes on individuals and businesses running blockchain nodes.

13.04 / 21:17

Law Payments regulation crimes bob Lee San Francisco authorities make arrest in stabbing of Cash App creator Bob Lee

The San Francisco Police Department has arrested a tech executive named Nima Momeni in connection with the April 4 stabbing of Cash App creator Bob Lee.

13.04 / 21:17

Government Law defi DAO Bitcoin Regulation Disaster DAOs can become a disaster more quickly than you think

As the decentralized finance (DeFi) ecosystem grows in size and influence, the question of how to best govern DeFi protocols has taken center stage. In crypto-native circles, decentralized autonomous organizations (DAOs) are far and away the most popular governance structures.

13.04 / 19:13

Law regulation SEC TRON US court US court issues summons to Tron's Justin Sun, threatens default judgment if no response

A United States court has issued a summons to Tron founder Justin Sun’s Singapore address in connection to a Securities and Exchange Commission (SEC) civil case.

13.04 / 16:59

Law regulation Social Media YouTube Bitcoin Community youtuber Judge orders YouTuber ‘BitBoy Crypto’ to appear and address alleged harassment

A federal magistrate judge has signed an order requiring BitBoy Crypto YouTuber Ben Armstrong to appear in Florida as part of a status conference related to a lawsuit involving several crypto influencers.

13.04 / 13:41

Government Law Adoption Europe European Union First of many? How Italy’s ChatGPT ban could trigger a wave of AI regulation

Italy has recently made headlines by becoming the first Western country to ban the popular artificial intelligence (AI)-powered chatbot ChatGPT.

12.04 / 21:29

Law Mining regulation Bitcoin Crypto miners Bill limiting incentives for crypto miners passes Texas Senate, moves to House

Texas lawmakers in the state’s Senate have approved a bill aimed at largely removing incentives for crypto miners operating under the seemingly friendly regulatory environment.

11.04 / 22:19

Law privacy security Terrorism Monero The feds must rein in crypto-financed terrorism

While regulators and policymakers dither and try to decide if cryptocurrencies have a future in the economy, early adopters, including terrorists and violent extremists, are exploiting a law enforcement blind spot. The ease by which money laundering and terrorism financing take place with cryptocurrencies and the more dangerous privacy coins are becoming a security threat of our own making through bureaucratic inaction.

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