Law Financial News

25.01 / 23:03

Law Binance NFT Web3 Report Binance tightens NFT rules: Nifty Newsletter, Jan. 18–24

In this week’s newsletter, read about how nonfungible token (NFT) sales reached 101 million in 2022. Learn how NFTs can be used to summon defendants who cannot be reached using traditional methods, and see how toys play a role in the NFT and Web3 ecosystem. Check out how Binance is tightening its rules on NFT listings, and don’t forget this week’s Nifty News, featuring the resurgence of former U.S. President Donald Trump’s NFTs.

25.01 / 22:11

Law regulation Bankruptcy Celsius Judge denies motions from Celsius users seeking to reclaim assets

A judge overseeing bankruptcy proceedings for crypto lending firm Celsius Network has denied motions from three users with different claims on assets stuck since July.

25.01 / 12:03

business Law regulation Bitcoin Cash Genesis sues Roger Ver for $20M over unsettled crypto options trades

Bitcoin Cash (BCH) advocate Roger Ver has sued by a unit of crypto lending firm Genesis over unsettled crypto options amounting to $20.8 million.

25.01 / 01:37

Law regulation Europe European Union lawmakers EU lawmakers vote for more restrictive capital requirements on banks holding crypto

The Economic and Monetary Affairs Committee of the European Parliament has voted for measures requiring banks holding cryptocurrencies to set aside a punitive amount of capital.

24.01 / 17:15

Government Law Adoption regulation us government Central Bank Cash Winter Olympics Amid crypto winter, central banks rethink in-house digital currencies

Over the last couple of years, numerous reports have surfaced regarding governments worldwide exploring the issuance of their very own central bank digital currency. In fact, to date, nine countries have rolled out an active CBDC offering. In this regard, China’s digital yuan witnessed widespread use during the 2022 Winter Olympics.

24.01 / 14:37

Law regulation Court Digital Currency Group Bitcoin creditors Genesis creditors file securities lawsuit against Barry Silbert and DCG

Troubled cryptocurrency company Digital Currency Group (DCG) is facing more legal issues as its subsidiary Genesis Capital got slapped with a new class action lawsuit.

24.01 / 10:31

business Law Mining regulation Bloomberg Bankruptcy Bitcoin Backed Bitcoin Miner BlockFi to sell $160M in Bitcoin miner-backed loans: Report

Bankrupt crypto lending firm BlockFi has plans to sell off $160 million in loans backed by around 68,000 Bitcoin mining machines as part of bankruptcy proceedings, according to reports.

24.01 / 07:49

business Blockchain Law Adoption privacy Scams Usd Coin Lawyers NFT-delivered court orders an answer to blockchain-related litigation: Lawyers

Non-fungible tokens (NFTs) are becoming an increasingly popular solution to serving defendants in blockchain-based crimes that would otherwise be unreachable, according to crypto lawyers.

23.01 / 23:51

Law regulation lending Court Bankruptcy BlockFi exec argues bankruptcy court should approve bonuses to retain talent

Megan Crowell, the chief people officer at crypto lending firm BlockFi, has petitioned a court to allow bonuses for “key employees” amid Chapter 11 bankruptcy proceedings.

23.01 / 19:51

Law regulation Europe crimes reports Europol reports $19.5M in crypto seized in enforcement action against Bitzlato

The European Union Agency for Law Enforcement Cooperation, or Europol, has reported authorities took control of crypto wallets containing more than $19 million in cryptocurrency as part of enforcement actions against crypto firm Bitzlato.

20.01 / 22:59

Law regulation SEC Fraud crimes Sec Charges SEC charges Mango Markets exploiter for allegedly stealing $116M in crypto

The United States Securities and Exchange Commission has followed the Commodity Futures Trading Commission and others in filing parallel charges against the crypto user allegedly behind a multimillion dollar exploit of decentralized exchange Mango Markets.

20.01 / 20:41

Law Twitter regulation FTX Lawyer Fried Sam FTX bankruptcy lawyer: debtors face 'assault by Twitter' stemming from Sam Bankman-Fried

James Bromley, one of the lawyers representing debtors in FTX’s bankruptcy case, has criticized social media activity against his law firm promulgated by posts from former CEO Sam Bankman-Fried.

20.01 / 09:45

Government Law Ethereum Binance regulation Bitcoin FTX reboot could falter due to long-broken user trust, say observers

Several crypto industry commentators have laid skepticism on FTX CEO John Ray’s vision to potentially reboot the crypto exchange, citing trust issues and “second-class” treatment of customers as some reasons why users may not “feel safe to go back.”

20.01 / 09:45

business Blockchain Law us government Court Media Lawyers Daring drive-by at SBF’s: 3 men drove into barricade and fled: Lawyers

Three men reportedly drove their car into the metal barricade outside Sam Bankman-Fried’s parent’s home where he is currently under house arrest, SBF’s lawyers claim.

19.01 / 14:23

business Law Bitcoin Customers Compass Mining sued for losing Bitcoin mining machines bought by customers

Customers are suing Compass Mining for over $2 million, alleging fraud, after the company cut ties with Russian hosting company Bit River and failed to return customers’ Bitcoin machines, citing a non-applicable United States sanction as the reason.

19.01 / 05:31

Law regulation Court Bankruptcy Lawyers FTX CEO fights to keep lawyers as calls for removal intensify

The CEO of crypto exchange FTX has rejected calls for its law firm Sullivan & Cromwell to be replaced as lead counsel in its bankruptcy case.

18.01 / 20:23

Law regulation Department Of Justice International US authorities seize crypto website Bitzlato as part of international enforcement action

The United States Department of Justice is expected to announce a “major international cryptocurrency enforcement action.”

17.01 / 02:31

business Law Investments CoinFLEX clarifies position on possible new 3AC project amid backlash

Amid mounting criticism on social media, crypto investment firm CoinFLEX has attempted to clarify its plans to build a new crypto exchange with Three Arrows Capital (3AC).

14.01 / 00:47

Law regulation crimes raid Bulgarian authorities charge four individuals following raid on Nexo office: Report

Less than 48 hours after a raid on cryptocurrency lender Nexo’s offices in the Bulgarian capital of Sofia, prosecutors have reportedly charged four people.

13.01 / 17:31

business Law Adoption Trust is key to crypto exchange sustainability — CoinDCX CEO Sumit Gupta

Investor sentiment has always been a critical driver in the crypto space. Both positive and negative sentiment influence ongoing trends — be they price movements, product launches or regulations. In 2022, sentiment worldwide suffered as major crypto firms and ecosystems collapsed, further straining investors amid an unforgiving bear market.

13.01 / 15:39

business Law regulation FTX FTX allowed by bankruptcy judge to sell LedgerX, other assets

The judge in charge of overseeing the FTX bankruptcy proceedings has given the embattled crypto exchange the approval to sell some of its assets to aid its efforts in repaying its creditors.

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