Law Financial News

10.02 / 11:21

Law defi regulation Interpol Bitzlato co-founder released from brief arrest and questioning: Report

Local Russian media outlets reported on Monday that Bitzlato co-founder Anton Shkurenko was detained in Moscow on Feb. 6 at the request of Interpol. However, according to a Feb. 10 report from CoinDesk, Shkurenko was stopped and detained by the local police for an ID check, then promptly let go after a conversation.

10.02 / 01:01

markets business Law Terra Luna 3AC and CoinFLEX launch website, waitlist for crypto claims exchange

A crypto exchange project initially proposed by 3AC and Coinflex has now launched an official website and waitlist as of Feb. 9. Called “Open Exchange (OPNX)”, the new project alleges that it will be “the world's first public marketplace for crypto claims trading and derivatives,” according to a tweet from the project’s official Twitter account.

09.02 / 22:57

Law regulation Bankruptcy Celsius creditors Restructuring Plan Celsius‘ motion to extend timeline for restructuring plan faces objection from creditors

The unsecured committee of creditors and others involved in crypto lending firm Celsius’ bankruptcy case have objected to a motion from the debtors delaying a reorganization plan.

09.02 / 21:55

Law regulation crimes Messaging App restrictions Sam bail Judge extends Sam Bankman-Fried’s bail restrictions on messaging apps: Report

A federal judge has reportedly denied oral arguments proposing former FTX CEO Sam Bankman-Fried be allowed to use certain messaging apps.

09.02 / 19:59

Government Law the bahamas New Hampshire could become an alternative for crypto firms moving to the Bahamas

New Hampshire is on the verge of becoming a national leader in cryptocurrency if its legislature follows through on recommendations made by a commission appointed by Governor Chris Sununu. The recommendations would establish a legal framework for blockchain and crypto businesses in the state, providing clarity and certainty to entrepreneurs and regulators while avoiding the onerous and largely pointless special rules federal regulators and members of Congress want to impose on the industry. The proposed rules would also protect consumers, depositors and investors.

09.02 / 17:15

Government Law Adoption regulation SEC security us government Crypto and securities: New interpretation of US Howey test gaining ground

The crypto community celebrated a victory in court on Jan. 30 when the United States Securities and Exchange Commission (SEC) admitted in the remedies hearing of the LBRY case that secondary sales of its LBC coin were not securities sales. John Deaton, who represents Ripple in court in the SEC’s case against it, was so excited that he created a video for his Twitter-hosted CryptoLawTV channel that evening.

09.02 / 05:09

business Law regulation security interview Bitcoin Industry Proposed Israeli law to classify crypto as securities will 'kill the industry'

Proposed laws in Israel that would see cryptocurrencies classified as securities would cause huge damage to the local crypto industry, according to the chief of an Israeli crypto service provider.

09.02 / 01:31

business Law Gemini Court Bankruptcy creditors What creditors can expect from Genesis’ bankruptcy — and what others can learn

The holding company of troubled crypto lender Genesis Global Capital, Genesis Global Holdco LLC, filed for Chapter 11 bankruptcy protection in New York on Jan. 19. Genesis is the latest crypto platform to file for bankruptcy, joining Celsius, Voyager, BlockFi and FTX.

08.02 / 23:35

Law regulation FTX Court Bankruptcy FTX debtors FTX debtors can issue subpoenas to company 'insiders', says court

The judge overseeing crypto exchange FTX’s bankruptcy case has granted a motion allowing the firm’s debtors to request subpoenas for information and documents from former colleagues and family members of Sam Bankman-Fried.

08.02 / 23:29

Law regulation Bankruptcy hedge fund Lawyers NOT 3AC founder has 'chosen to ignore his duties' by not responding to subpoena, say bankruptcy lawyers

Three Arrows Capital founder Kyle Davies has not responded to a subpoena issued over Twitter aiming to gather information related to the firm’s assets.

08.02 / 18:51

Government Law Adoption regulation Drugs us government Congress Crypto and psychedelics: Clarifying regulations could help industries grow

This year, investors are watching for big spikes in biotech companies working with psychedelics, especially as the once-controversial compounds return to the spotlight touting mental health benefits — and uniting lawmakers at the United States Capitol across party lines.

07.02 / 23:53

Law CFTC regulation SEC US Attorney requests SEC and CFTC civil cases against SBF wait until after criminal trial

Damian Williams, United States Attorney for the Southern District of New York, has petitioned the court to delay civil proceedings against former FTX chief executive officer Sam Bankman-Fried “until the conclusion of the parallel criminal case”.

07.02 / 20:53

Law regulation crimes Messaging App Judge denies motion allowing SBF to use messaging apps

A federal judge has denied a joint agreement between Sam “SBF” Bankman-Fried’s legal team and prosecutors that would have allowed the former FTX CEO to use certain messaging apps.

07.02 / 16:47

business Law regulation services Dubai releases crypto regulations for virtual asset services providers

The Virtual Asset Regulatory Authority (VARA), the regulator in charge of overseeing cryptocurrency laws within Dubai, has issued new guidelines for virtual asset service providers (VASP) operating within the emirate.

07.02 / 09:27

Law regulation SEC coinbase Court Former Coinbase manager slams SEC in motion to dismiss insider trading case

A former product manager at cryptocurrency exchange Coinbase has moved to dismiss charges of alleged insider trading, with his lawyers arguing the tokens he allegedly traded were not securities.

07.02 / 08:23

business Law NFT Court Yuga Labs settles lawsuit with developer involved in copycat BAYCs

The creator of the nonfungible token (NFT) collection Bored Ape Yacht Club has settled a lawsuit with one of the developers behind a copycat collection known as RR/BAYC.

06.02 / 22:55

Government Law defi Tokens us government Did dYdX violate the law by changing their tokenomics?

On Jan. 24, the dYdX Foundation, the entity responsible for the dYdX decentralized crypto exchange, announced “changes” to its tokenomics — the way it distributes tokens to early investors, employees and contractors, and, of course, the public.

06.02 / 21:23

Law regulation FTX Bankruptcy FTX CEO testifies on ‘pure hell’ post-bankruptcy days at exchange

John Ray, who took over as CEO of crypto exchange FTX, has described some of the chaotic experiences at the firm following the company declaring bankruptcy.

06.02 / 05:13

business Law MicroStrategy Bitcoin Regulation Bankruptcy Bitcoin Crypto needs ‘adult supervision’ and turmoil to ‘grow up’ — Microstrategy co-founder

High-profile crypto bankruptcies and a hearty price crash are necessary evils to help the industry grow, while greater regulation is a must, according to Microstrategy co-founder Michael Saylor.

04.02 / 17:19

business Government Law us government Taxes Bitcoin strategies Tax strategies allow crypto investors to offset losses

2022 was tough for the crypto market. A recent report published by security services platform Immunefi found that the crypto industry lost a total of $3.9 billion in 2022.

03.02 / 06:11

business Law regulation Court class action Logan Paul and CryptoZoo sued in class action lawsuit

CryptoZoo and Logan Paul have been named as defendants in a newly filed class-action lawsuit, which alleges they stole millions of dollars worth of purchaser's cryptocurrency via a "fraudulent venture."

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