Law Financial News

30.10 / 13:55

Law Adoption us government Middle east Terrorist fundraising: Is crypto really to blame?

The ghastly events of this past month raise again some troubling questions: Does crypto have a terrorist fundraising problem? Are its networks really being exploited by terrorists to wreak global havoc? If so, what must it do better?

29.10 / 08:35

Law Ripple XRP regulation SEC Ripple’s CEO criticizes former SEC Chair Jay Clayton’s comments

Ripple’s chief executive officer(CEO), Brad Garlinghouse, strongly criticized former Securities Exchange Commission(SEC) Chairman Jay Clayton’s remarks regarding the SEC’s regulatory approach. Beginning in the first quarter of 2023, the SEC has initiated various regulatory actions against crypto exchanges and companies.

27.10 / 15:37

Law regulation FTX Court Jury hears Sam Bankman-Fried’s testimony: ‘A lot of people got hurt’

Defense attorneys representing Sam “SBF” Bankman-Fried questioned the former FTX CEO before a jury for the first time as they prepared to rest their case.

27.10 / 03:25

Law regulation crimes FTX Court Sam Bankman-Fried denies knowledge of moving FTX deposits to North Dimension: Report

Testifying in court but without the jury for his criminal trial present, Sam “SBF” Bankman-Fried faced questions from prosecutors, who pressed the former FTX CEO on his alleged involvement in using customer funds for investments through Alameda Research.

27.10 / 03:25

business Law Art NFT Altcoin copyrights Court Ryder Ripps ordered to pay Yuga Labs $1.6M in copyright lawsuit

A United States district court judge has ordered nonfungible token (NFT) artists Ryder Ripps and Jeremy Cahen to pay Bored Ape Yacht Club creator Yuga Labs a total of $1.57 million in disgorgement and damages, along with legal fees, bringing an end to the long-running “copycat” NFT lawsuit.

26.10 / 14:41

Law regulation crimes Bitcoin UK passes bill to enable authorities to seize Bitcoin used for crime

Lawmakers in the United Kingdom have passed legislation allowing authorities to seize and freeze cryptocurrencies like Bitcoin (BTC) if used for illicit purposes.

26.10 / 13:27

Technology Law regulation Google copyrights Court How Google’s AI legal protections can change art and copyright protections

Google has been facing a wave of litigation recently as the implications of generative artificial intelligence (AI) on copyright and privacy rights become clearer.

26.10 / 12:55

Technology Law regulation Meta faces legal scrutiny as AI advancements raise concerns over child safety

A group of 34 United States states are filing a lawsuit against Facebook and Instagram owner Meta, accusing the company of engaging in improper manipulation of minors who use the platforms. This development comes amid rapid artificial intelligence (AI) advancements involving both text and generative AI.

26.10 / 12:55

Law regulation crimes FTX Sam Bankman-Fried’s testimony to challenge government claims, lawyer tells judge

The possible contents of Former FTX CEO Sam Bankman-Fried upcoming testimony have been outlined in a letter to Judge Kaplan by his lawyer, Mark Cohen.

25.10 / 19:27

Law regulation crimes Opinion Court Will Sam Bankman-Fried fix his case when he takes the stand?

Sam Bankman-Fried (SBF) had a lot going against him well before the start of his criminal trial: the ire of many in the crypto space, suspicion from United States policymakers, and negative attention from some in the media looking for clickbait angles to associate with the former FTX CEO.

25.10 / 15:05

Law regulation crimes FTX Court Sam Bankman-Fried will testify at criminal trial, say defense lawyers

Former FTX CEO Sam “SBF” Bankman-Fried will testify as part of his defense case, said his attorney Mark Cohen.

25.10 / 06:53

business Law regulation Altcoin SEC coinbase security Coinbase disputes SEC’s crypto authority in final bid to toss regulator’s suit

The United States Securities and Exchange Commission overstepped its authority when it classified Coinbase-listed cryptocurrencies as securities, the exchange has argued in its final bid to dismiss a lawsuit by the securities regulator.

25.10 / 02:11

Government Law defi regulation UK government Largest DeFi protocol on Solana reportedly quits UK market, citing FCA rule

Marinade Finance, the largest decentralized finance (DeFi) protocol running on the Solana blockchain, has reportedly started blocking users from the United Kingdom. Customers in the U.K. discovered the problem on Oct. 23 while trying to access Marinade’s website from local IP addresses and were met with this message:

22.10 / 04:17

business Law Digital regulation privacy IRS Kraken rights Crypto advocates file amicus brief to address users' Fourth Amendment privacy rights

Cryptocurrency advocacy group DeFi Education Fund (DEF) has urged a United States court to consider the unique aspects of blockchain technology when evaluating the privacy rights of cryptocurrency users under the Fourth Amendment.

20.10 / 17:19

Law regulation Asia Updates Hong Kong securities regulator updates crypto policies, citing market developments

The Securities and Futures Commission (SFC) of Hong Kong announced it will update its policies on virtual currency sales and requirements “in light of the latest market developments and enquiries from the industry.”

20.10 / 13:05

Law Binance regulation SEC Chamber of Digital Commerce opposes SEC’s overreach in Binance lawsuit

The United States-based Chamber of Digital Commerce has aligned with various digital assets firms, associations, legal experts and legislators in a collective effort to challenge the U.S. Securities and Exchange Commission (SEC) vs. Binance lawsuit.

20.10 / 13:05

Technology Law regulation SEC THORChain SEC wins default judgment against Thor Technologies and founder

Thor Technologies and its founder and former CEO, David Chin, have faced a legal setback in an ongoing dispute with the United States Securities and Exchange Commission (SEC) over the unapproved sale of $2.6 million in crypto asset securities.

20.10 / 09:53

Law regulation crimes FTX Court Prosecutors argue ‘effective altruism’ inadequate in Bankman-Fried case

In the fraud trial of Sam Bankman-Fried, prosecutors have requested the judge inform the jury that the defendant’s assertion that he is an effective altruist should not serve as a legitimate defense. Bankman-Fried faces allegations of misappropriating billions of dollars from FTX customers for personal purposes, such as political contributions, real estate and investments.

20.10 / 04:49

business Law Ethereum MetaMask 'He broke his word' — Ex-ConsenSys staff sue founder over employee equity deal

Over two dozen former employees of Ethereum infrastructure firm ConsenSys have filed a fresh lawsuit against the firm’s founder and CEO, Joseph Lubin, over claims he diluted employee equity shares against earlier promises.

19.10 / 21:49

Law Ripple regulation SEC Court SEC moves to dismiss lawsuit against Ripple’s Brad Garlinghouse and Chris Larsen

Lawyers representing the United States Securities and Exchange Commission announced they will seek to dismiss all claims against Ripple CEO Brad Garlinghouse and co-founder Chris Larsen.

19.10 / 19:45

Law copyrights Artists Intellectual Property Universal Music Group sues Anthropic AI over copyright infringement

Universal Music Group (UMG), Concord Publishing and ABKCO Music & Records have filed a lawsuit against the artificial intelligence (AI) startup Anthropic on accusations of the latter committing copyright infringement in training its AI chatbot Claude.

Law Financial News

popular questions about Law

What is Law and why is it relevant?

Where can I find the latest updates on Law?

How can I verify the accuracy of information on Law?