Law Financial News

12.01 / 23:01

Law regulation crimes FTX Like son, like father as Joseph Bankman retains attorney: Report

Joseph Bankman, the father of former FTX chief executive officer Sam Bankman-Fried, has reportedly hired an attorney as the criminal case against his son moves forward.

12.01 / 20:15

Government Law Adoption crypto legislation Congress may be ‘ungovernable,’ but US could see crypto legislation in 2023

The United States House of Representatives finally elected a speaker last week, concluding a four-day, 15-ballot ordeal that left many wondering if political gridlock was now the new normal in the U.S., and if so, what the consequences would be.

12.01 / 08:33

business Law Bankruptcy Uphold exchange denies owing millions to failed crypto lender Cred

Crypto exchange Uphold has denied owing around $784 million to the liquidation trust of bankrupt crypto investment platform Cred.

12.01 / 05:23

Law CFTC Court Ooki DAO misses lawsuit response deadline, default judgment on the cards

The Commodity Futures Trading Commission (CFTC) has begun the process of getting a default judgment in its case against Ooki DAO after the latter missed the deadline to respond to the lawsuit.

11.01 / 09:11

Government Law South America Holdings Crypto Holdings Proposed bill in Argentina to encourage citizens to reveal crypto holdings

Argentina’s Ministry of Economy, the country’s economic policy manager, has drafted a bill to encourage Argentines to declare their cryptocurrency holdings with the inducement of discounted tax rates.

11.01 / 03:07

Law Ethereum Investments Bitcoin Death and self-custody: How to pass on your crypto when you die

The average crypto investor probably isn’t planning on dying of old age anytime soon, but that doesn’t mean they shouldn’t have a plan in place to pass on their crypto in the event they meet an unlikely demise, lawyers warn.

10.01 / 10:19

business Law Investments Bloomberg Fried FTX former lead engineer in talks with federal prosecutors in Bankman-Fried case

As the investigation into FTX continues, the crypto exchange’s former engineering chief Nishad Singh followed former FTX and Alameda Research executives Gary Wang and Caroline Ellison by reportedly meeting with federal prosecutors to cut a deal.

10.01 / 10:19

business Law Mark Cuban to face questioning under oath over promotion of Voyager

Dallas Mavericks owner Mark Cuban is set to be deposed next month as part of a defense against a proposed class-action lawsuit alleging that he promoted a Ponzi scheme” in the form of now-bankrupted crypto lender Voyager Digital.

10.01 / 08:47

Law Ban Asia Internet Crypto Websites Nepal regulator orders ISPs to block crypto websites or face the law

Nepal’s telecommunications regulator has ordered the country's internet service providers (ISPs) to block all cryptocurrency trading websites, threatening legal action against those that fail to comply.

09.01 / 22:49

Law Adoption The ‘Elon Effect’ shows how opinion leaders shape the FinTech market

The power that influencers have in affecting public perception and therefore causing alterations in the value of a product, service, asset or currency has increased to the point where they can crash or uplift entire markets with their content and takes.

09.01 / 22:49

Law Mining regulation CCP Former CCP official apologies for 'grave losses' as a result of supporting crypto miner: Report

Xiao Yi, the former Chinese Communist Party secretary of Fuzhou, has confessed to “acting recklessly” in support of crypto mining during a state-run television broadcast.

09.01 / 20:09

Law Robinhood regulation Department Of Justice US DoJ US DOJ announces seizure of 55M Robinhood shares

The United States Department of Justice has officially notified the court handling the bankruptcy of BlockFi that it has seized assets as part of the criminal cases against crypto exchange FTX and its executives.

06.01 / 23:31

Law regulation crimes US authorities launch page to notify FTX’s alleged victims about SBF’s case

The United States Attorney’s Office for the Southern District of New York has launched a page on its website appealing to Sam Bankman-Fried’s alleged victims of fraud at FTX to come forward and informing them about court proceedings.

06.01 / 05:37

Law Europe European Union French central bank governor pushes for crypto licensing ahead of EU laws

Francois Villeroy de Galhau, the Bank of France’s governor, has urged for more stringent licensing requirements for crypto companies in France, citing the current turmoil in the crypto markets.

06.01 / 01:23

Law regulation crimes US authorities are turning their attention to FTX's Nishad Singh: Report

Authorities with the United States Securities and Exchange Commission and Commodity Futures Trading Commission as well as prosecutors are reportedly investigating former FTX engineering director Nishad Singh for potentially having a role in defrauding investors and users.

05.01 / 22:07

Law regulation Congress US senator behind efforts to pass major crypto bill won't seek re-election

Michigan Senator Debbie Stabenow, chair of the United States Senate Agriculture Committee, has announced that she will be leaving office in 2025.

05.01 / 20:13

Law regulation crimes Financial Alex Mashinsky sued by NY AG for allegedly hiding Celsius’ 'dire financial condition'

New York Attorney General Letitia James has filed a lawsuit against Alex Mashinsky, alleging the Celsius founder and CEO made numerous “false and misleading statements” which led to investors losing billions.

05.01 / 09:29

business Law Hackers data LastPass data breach led to $53K in Bitcoin stolen, lawsuit alleges

A class action lawsuit has been filed against password management service LastPass following a data breach from Aug. 2022.

04.01 / 18:27

Law regulation coinbase settlement Coinbase reaches $100M settlement with NY regulators

New York regulators announced on Jan. 4 that cryptocurrency exchange Coinbase will pay a $50 million fine and invest a further $50 million in its compliance program, following a settlement with the New York State Department of Financial Services.

04.01 / 13:55

business Law Investments Framework Israeli securities regulator moves to establish crypto legal framework

The Israeli Securities Authority (ISA) proposes a framework for regulating digital assets as an increasing number of Israeli investors are exposed to digital assets, and over 150 companies operate in Israel, according to the regulator.

04.01 / 02:45

Blockchain Technology Law Adoption events Crypto adoption in 2022: What events moved the industry forward?

It’s no secret that the crypto market was gripped by bearish pressure for the entirety of 2022. However, amid all the volatility and chaos, many positive news stories appeared as well — especially regarding the global adoption of digital assets and crypto-related technologies in general.

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