Law Financial News

31.03 / 05:29

business Law Adoption United Nations ‘Biased, deceptive’: Center for AI accuses ChatGPT creator of violating trade laws

The Center for Artificial Intelligence and Digital Policy (CAIDP) has filed a complaint with the United States Federal Trade Commission (FTC) in an attempt to halt the release of powerful AI systems to consumers.

30.03 / 16:13

business Government Law Binance SEC crimes Who was front-running Binance users?

On Jan. 26, a Medium article revealed that an entity with control over multiple Ethereum addresses had consistently purchased cryptocurrencies prior to their listing on Binance, selling them for a million-dollar profit after the event.

29.03 / 19:39

Law regulation FTX Fried Sam Sam Bankman-Fried is paying for legal defense using previously gifted funds from Alameda: Report

Former FTX chief executive officer Sam Bankman-Fried, also known as SBF, is reportedly funding the legal team defending him against federal charges with millions of dollars he gifted his father from Alameda Research.

29.03 / 16:47

Law regulation Terra Extradition US and South Korea requested extradition of Terra co-founder Do Kwon — Montenegro justice minister

Authorities from both the United States and South Korea have made efforts to have Terra co-founder Do Kwon extradited to their respective countries following his arrest in Montenegro.

28.03 / 23:45

Government Law us government Congress Senate AML Elizabeth Warren is pushing the Senate to ban your crypto wallet

Massachusetts Senator Elizabeth Warren is once again smearing the cryptocurrency industry and attempting to make Americans more dependent on big banks.

28.03 / 11:01

Law defi regulation Court Self Custody bZX DAO class-action ruling: Dev with upgrade key makes platform custodial

In a new update to the class-action lawsuit against bZX DAO members, a United States district judge ruled that the ability for developers to upgrade a smart contract where the key is in the hands of a single developer makes the arrangement custodial.

28.03 / 08:11

Law Binance CFTC regulation Court Bitcoin Binance Bitcoin balance drops by 3.4K BTC within 24 hours of CFTC lawsuit

Soon after the United States Commodity Futures Trading Commission (CFTC) sued crypto exchange Binance and its CEO Changpeng ‘CZ’ Zhao over regulatory violations, the entrepreneur sought damage control measures while rejecting allegations of market manipulation. However, investors responded by pulling off over 3,400 Bitcoin (BTC) within 24 hours of the announcement anticipating market fluctuations.

28.03 / 06:45

business Law Report Fraud Interpol Terraform Labs Terra Do Kwon registered a company in Serbia for $1 amid Interpol red notice: Report

Terraform Labs co-founder Do Kwon established a company in Serbia for less than $1 just weeks after being flagged with an Interpol red notice, according to documents from the Serbian Business Registry.

28.03 / 03:55

business Law Court Bankruptcy Bitcoin BlockFi to provide over $100K in refunds to California clients

Bankrupt crypto lender BlockFi has agreed to refund more than $100,000 to California customers that had continued to repay loans even after a trading halt on Nov. 10 last year.

28.03 / 00:11

Government Law regulation us government Congress Taxes Biden's policy on crypto taxation undermines his environmental goals

Gains accrued by staking cryptocurrency should not be treated as a taxable event. It only makes sense to tax such gains upon their conversion to legal tender currency. To do otherwise undermines a marquee environmental policy from the administration of United States President Joe Biden.

27.03 / 14:31

business Government Law Adoption us government Banks Friend A friend in need: How the crypto industry reacts to recent bank bailouts

In its early days, crypto enthusiasm was fuelled by the promise to cut the rigged banking system out of the people’s basic need to exchange goods and funds. To some degree, it still is. But as digital assets become more and more intertwined with a larger financial market, this tension gradually fades away.

25.03 / 15:35

business Government Blockchain Technology Law Adoption Bitcoin What is fiscal policy, and why does it matter?

Fiscal policy is a tool used by governments to regulate economic activities in their country. It involves the use of government spending, taxation and borrowing to influence economic growth, stabilize inflation and maintain a stable economy. This article will explain what fiscal policy is, how it works, and why it is important.

24.03 / 16:49

Government Law regulation us government Bitcoin approved How Montana stands to benefit if its pro-crypto mining bill is approved

The Montana Senate recently passed a bill designed to protect crypto miners operating within the state. The proposed law, which is currently making its way through the state's House of Representatives, seeks to protect both individual and commercial miners in Montana against discriminatory laws by scrapping some of the rules that have the potential to undermine their operations.

23.03 / 16:13

Government Law regulation us government Bitcoin reform Crypto reform coming to US in 2023, says former White House chief of staff

In the United States, crypto reform legislation isn’t the province of a single political party, and that’s why a former U.S. Congressman, who also played a prominent role in the Trump administration, believes that passage of a federal “digital assets” law this year is a real possibility.

23.03 / 01:55

Law regulation SEC coinbase Coinbase could face SEC enforcement action for 'potential violations of securities law'

Crypto exchange Coinbase said it received a 'Wells Notice' from the United States Securities and Exchange Commission recommending the regulator take enforcement action.

23.03 / 00:13

Law regulation SEC TRON SEC files lawsuit against Tron’s Justin Sun and celebrities over crypto securities offering

The United States Securities and Exchange Commission, or SEC, has called for a jury trial against Tron founder Justin Sun for the “orchestration of the unregistered offer and sale, manipulative trading, and unlawful touting of crypto asset securities.”

22.03 / 10:43

Law Twitter regulation Court YouTube Lawyers class action youtuber Class action lawyers claim YouTuber ‘BitBoy Crypto’ threatened them

Lawyers representing a class action lawsuit against “BitBoy Crypto” YouTuber Ben Armstrong and other crypto influencers alleged to have promoted crypto exchange FTX have claimed Armstrong has made multiple threats against them.

22.03 / 01:01

Law regulation Bankruptcy Celsius Celsius custody account holders can receive 72.5% of their crypto, says bankruptcy judge

A bankruptcy judge overseeing the bankruptcy case for crypto lending platform Celsius Network has approved a settlement plan allowing custody account holders to get back 72.5% of their crypto holdings.

21.03 / 23:19

Government Law regulation lawmaker resolution Texas lawmaker introduces resolution to protect Bitcoin miners and HODLers

Cody Harris, a member of the Texas House of Representatives, has introduced a resolution aiming to have the legislature say the “Bitcoin economy is welcome” in the state.

21.03 / 18:31

Government Law privacy us government Congress Congressional privacy proposals could kill scores of blockchain projects

With public trust in large tech companies at an all-time low, Congress is once again considering comprehensive data privacy legislation. But the rise of blockchain technologies and the nascent decentralized web mean that these comprehensive proposals are already behind the times. Without major revisions, these legislative proposals risk strangling decentralizing technologies in the cradle.

20.03 / 19:35

Law regulation FTX Court Bankruptcy FTX debtors FTX debtors file lawsuit against exchange's Bahamian arm on ownership of property

The legal teams representing Alameda Research, FTX US, and FTX Trading have filed a complaint against the Bahamas-based FTX Digital Markets, claiming the company was a “fraudulent enterprise” used as a shell entity to obfuscate the question of the firm's ownership.

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