Law Financial News

03.02 / 00:53

Law regulation crimes hearing bail Alleged Mango Markets exploiter waives bail during hearing in federal court

Lawyers representing a crypto user allegedly behind a $116-million exploit of decentralized exchange Mango Markets have consented to detention in the criminal case involving commodities fraud, commodities market manipulation and wire fraud.

02.02 / 18:33

Law regulation Congress committee Senate Banking Committee's priorities for new Congress include crypto: Report

South Carolina Senator Tim Scott, the Republican ranking member on the United States Senate Banking Committee, reportedly plans to develop “a bipartisan regulatory framework" for cryptocurrencies.

02.02 / 13:43

Law regulation Bank of China Bitcoin Bank of China ex-advisor calls Beijing to reconsider crypto ban

The idea of lifting the cryptocurrency ban has started floating in China as a former central bank official has called the country to review its stringent crypto restrictions.

02.02 / 08:39

markets Government Law Adoption Digital Currency regulation SEC moody’s regulatory Regulatory action against Mango Markets exploiter is a win for DeFi — Moody’s

Recent charges brought against Mango Markets exploiter Avraham Eisenberg will have a positive impact on the decentralized finance (DeFi) space, according to credit rating firm Moody’s.

01.02 / 21:35

Law regulation Social Media Metaverse Meta Meta gets court win in metaverse acquisition plans: Report

A federal judge in the United States has reportedly given approval for tech giant Meta to move forward on acquiring a virtual reality company.

01.02 / 19:37

Law regulation FTX Messaging App Federal judge bars SBF from contacting FTX and Alameda employees, using Signal

A federal judge presiding over the criminal case against former FTX chief executive officer Sam Bankman-Fried has ordered he not have any contact with current or former employees of the exchange as part of his bail conditions.

31.01 / 15:49

Law NFT regulation Court ApeCoin Yuga Labs class action week BAYC investors have less than a week to join class action against Yuga Labs

Troubled cryptocurrency fintech Yuga Labs is about to face more lawsuits in relation to its nonfungible tokens (NFT) collection, Bored Ape Yacht Club (BAYC) and other projects.

31.01 / 07:13

business Law FTX Loans Bankruptcy FTX sister company Alameda Research sues Voyager Digital for $446M

Embattled crypto investment firm Alameda Research is suing bankrupt crypto lender Voyager Digital in an effort to claw back loan repayments FTX made before it collapsed in November.

31.01 / 01:19

Law regulation crimes FTX Justice Dept defends motion to bar SBF from accessing FTX, Alameda assets

United States prosecutors in the criminal case against former FTX chief executive officer Sam Bankman-Fried have released text and email messages from SBF to current CEO John Ray.

30.01 / 20:59

Government Law NFT Europe European Union UK government Opinion: Should Bored Ape buyers be legally entitled to refunds?

Should people who purchase nonfungible tokens (NFT) be entitled to refunds if they decide they don’t like their digital pictures? Some Europeans are beginning to make that case under a 25-year-old law.

30.01 / 18:11

Law regulation FTX UK regulator investigates charity linked to FTX

The commission in charge of regulating registered charities in England and Wales has announced it had begun investigating Effective Ventures Foundation, an organization tied to bankrupt crypto exchange FTX.

30.01 / 10:19

business Law Art NFT Artists Court Hermes v MetaBirkin: NFT trademark stoush heads to trial in Manhattan

The trademark infringement trial between French luxury brand Hermès and digital artist Mason Rothschild is set to go ahead on Jan. 30 in a Manhattan federal court.

30.01 / 09:31

Law regulation SEC security Philippines securities regulator seeks more authority to police the crypto industry

The Philippines Securities and Exchange Commission (SEC) is seeking to bring cryptocurrencies under its scope and beef up its authority over the local cryptocurrency industry under new draft rules.

28.01 / 17:07

Government Law Adoption regulation Trading Celsius fall NOT Genesis Capital’s fall might transform crypto lending — not bury it

Is crypto lending dead, or does it just need better execution? That’s a question asked with more urgency in the wake of Genesis Global Capital Jan. 19 bankruptcy filing. That, in turn, followed the demise of other prominent crypto lenders, including Celsius Network and Voyager Digital in July 2022, and BlockFi, which filed for Chapter 11 bankruptcy protection in late November 2022.

27.01 / 16:09

business Law regulation FTX Court Lawyers FTX lawyers to reap millions from the bankruptcy case: Report

Controversial law firm Sullivan & Cromwell is on track to reap a fortune from its work on the bankruptcy case of the FTX cryptocurrency exchange, according to a new report.

27.01 / 02:59

Law Adoption NFT regulation Metaverse Digital Asset patents Keep an eye out for major company NFT trademark filings this year

Crypto proponents would be wise to keep their eyes on nonfungible token (NFT) and metaverse trademark applications this year, which are “reliable signals” of future-use plans.

27.01 / 01:09

business Law regulation Digital Asset Bankruptcy Standard ISDA releases standard definitions for digital asset derivatives

The International Swaps and Derivatives Association (ISDA) is working on two papers to address fundamental legal risks in the crypto markets, such as the insolvency of crypto exchange firms, according to a statement released on Jan. 26.

26.01 / 21:11

Law regulation FTX Court Fried Sam FTX legal team calls for Sam Bankman-Fried's family to answer questions under oath: Report

Lawyers representing FTX in bankruptcy court have reportedly argued that former CEO Sam Bankman-Fried’s immediate family should face questioning regarding their personal wealth.

26.01 / 13:29

business Law NFT NFT collector sues OpenSea for locking account after being scammed

A nonfungible token (NFT) collector is taking legal action against the OpenSea NFT marketplace for several allegations, including being locked out of his account for more than three months after being a victim of a phishing scam.

26.01 / 09:27

business Law defi DEX Decentralized Exchange Court Mango Markets sues Avraham Eisenberg for $47M in damages plus interest

Mango Labs, the company behind the decentralized finance (DeFi) protocol Mango Markets has come out with its own lawsuit against exploiter Avraham Eisenberg.

26.01 / 03:43

business Government Blockchain Law Adoption SEC us government Lawyers regulatory Crypto lawyers to be in demand as regulatory pressure reaches boiling point

Crypto-versed lawyers will play an increasingly important role in Web3 firms — particularly after the implosion of FTX and the industry braces for regulatory turbulence, two legal academics believe.

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