Law Financial News

15.09 / 16:13

Government Law Bitcoin foreign Crypto for foreign trade: What do we know about Iran’s new strategy

With the Trade Ministry officially approving the use of cryptocurrencies for foreign trade, Iran will become the first-of-a-kind adopter in the world.

14.09 / 18:19

business Law Digital Currency Scams Want to keep exchanges like Celsius from seizing your money? Be a 'custody client'

Disgraced cryptocurrency lender Celsius Network asked a court this month to return assets to its “custody clients,” but not to its “earn-and-borrow” customers. Wondering how to keep yourself in the former group when the crypto exchange you’re using goes under? Here’s a summary.

13.09 / 17:35

business Law regulation Court BitGo sues Galaxy Digital for acquisition breach, seeks $100M in damages

Digital asset custodian BitGo has filed a lawsuit against Mike Novogratz’s cryptocurrency investment firm Galaxy Digital for terminating the former's acquisition.

12.09 / 23:53

Law regulation coinbase crimes Brother of former Coinbase employee pleads guilty to charges related to insider trading: Report

Nikhil Wahi, who was arrested for allegedly working with his brother and an associate on a scheme to commit insider trading using crypto, has reportedly entered a guilty plea for wire fraud conspiracy charges.

10.09 / 02:01

Hollywood Blockchain Law NFT Quentin Tarantino settles Miramax lawsuit over Pulp Fiction NFTs

Miramax sued the director in November last year after the base-layer blockchain provider Secret Network announced the auction of "uncut screenplay scenes" from the 1994 film as NFTs. The film studio claimed to own all rights to "Pulp Fiction," except for those reserved for Tarantino, which excluded nonfungible tokens.

09.09 / 20:23

Law regulation SEC NOT 'We’re not giving crypto a pass' on enforcement action, says SEC's Gurbir Grewal

Gurbir Grewal, the enforcement director for the United States Securities and Exchange Commission, said the financial regulator will continue to investigate and bring enforcement actions against crypto firms, despite the narrative of “picking winners and losers” and “stifling innovation.”

08.09 / 22:15

Government Law SEC Sec Chair SEC chair suggests openness to crypto bills that don't 'inadvertently undermine securities laws'

United States Securities and Exchange Commission chair Gary Gensler supports legislation that gives the Commodity Futures Trading Commission greater authority over crypto — seemingly if it doesn't step on the SEC’s toes.

08.09 / 16:41

Law CFTC SEC Sen. Lummis: My legislation would empower the SEC to protect consumers

The United States has been the global financial leader since World War II when the U.S. dollar became the world reserve currency. Consequently, Americans have enjoyed benefits like greater buying power, easier access to capital and low-interest rates—including on our national debt.

08.09 / 01:09

Law regulation Financial Vermont's financial regulator alleges Celsius and its CEO made 'false and misleading claims'

The Vermont Department of Financial Regulation, or DFR, alleged crypto lending platform Celsius Network and CEO Alex Mashinsky misled state regulators about the firm’s financial health and its compliance with securities laws.

07.09 / 20:37

Law regulation SEC compliance Thai SEC files police report on Zipmex, alleging ‘incomplete’ info for compliance procedures

Thailand’s Securities and Exchange Commission, or SEC, has accused crypto exchange Zipmex and its co-founder Akalarp Yimwilai of non-compliance with local laws and referred the matter to the police.

07.09 / 10:05

business Law Celsius co-founder declares his equity is ‘worthless’ in court

A Celsius Network co-founder has moved in court to declare the entirety of his equity stake in the embattled crypto company as “worthless."

07.09 / 09:45

Blockchain Law Tether Ava Labs class action Court hears Roche Freedman could create ‘a sideshow’ in the Tether class action

The fallout from the leaked Kyle Roche videos has continued after two law firms submitted a document to the court asking that his law firm Roche Freedman be removed as interim co-lead from the Tether and Bitfinex Crypto Asset Litigation.

06.09 / 23:37

Law regulation Lawyers Basketball star for a crypto launderer? Alexander Vinnik's lawyers considers prisoner swap: Report

The legal team for Alexander Vinnik, a Russian national recently extradited to the United States for his alleged role at defunct crypto exchange BTC-e, has reportedly been urging officials to consider a prisoner swap.

06.09 / 03:01

Law regulation crimes FinCEN Prison Bitcoiner sentenced to federal prison warns users involved in OTC trading

Mark Alexander Hopkins, also known by the moniker ‘Doctor Bitcoin’ or their handle Rizzn, has claimed that “transacting Bitcoin p2p is a federal crime” after announcing the sentence in their case to social media followers.

05.09 / 19:29

Government Law Liz Truss, who said UK 'should welcome cryptocurrencies' will be the next prime minister

After a race for the leadership of the Conservative Party, Secretary of State for Foreign, Commonwealth and Development affairs Liz Truss defeated former Chancellor of the Exchequer Rishi Sunak and will be the next prime minister of the United Kingdom.

05.09 / 14:31

Blockchain Law Bitcoin Cross-border Bank of Russia agrees to legalize crypto for cross-border payments: Report

The Bank of Russia, the country’s central bank, has reportedly admitted that cross-border payments in crypto are inevitable in the current geopolitical conditions.

03.09 / 13:21

Blockchain Law Binance investigation KyberSwap Binance identifies KyberSwap hack suspects, involves law enforcement

Helping investigate a $265,000 hack on decentralized crypto exchange KyberSwap, crypto exchange Binance narrowed down two suspects that seem responsible for the attack.

02.09 / 06:01

business Blockchain Law avalanche Ava Labs class action Tether requests Roche Freedman to be booted from class action

USDT-issuer Tether wants law firm Roche Freedman “terminated” as counsel from the Bitfinex and Tether class action lawsuit following a motion from Kyle Roche to be removed as counsel in the case.

01.09 / 16:19

business Blockchain Law Ava Labs Leak Kyle Roche files to withdraw from class-action practice after video leak

In the wake of allegations made by Crypto Leaks, high-profile crypto lawyer Kyle Roche has filed to withdraw as counsel on several crypto class-action lawsuits.

01.09 / 14:39

business Law Court Bitcoin US court Tens of Celsius clients ask US court to recover $22.5M in crypto

The bankrupt cryptocurrency lender Celsius is facing more legal issues as disgruntled clients are taking action to recover their funds after the platform froze withdrawals in June.

01.09 / 13:07

Law regulation California State Assembly passes bill for licensing and regulating crypto firms

Lawmakers in California State Assembly 71-0 passed the Digital Financial Assets Law, also known as AB 2269, on Tuesday, Aug. 30. The bill is now in the hands of the state’s governor Gavin Newsom, who will either set it into motion or veto it completely.

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