Legal Financial News

28.07 / 12:57

Apple Legal Zuckerberg Braces for Battle with Apple over Metaverse as Regulator Warns about Meta’s 'Virtual Empire'

Facebook’s parent company Meta and tech giant Apple are locked in a “very deep, philosophical competition” to build the metaverse, with each business trying to determine “what direction the internet should go in,” the social media platform’s founder and CEO Mark Zuckerberg reportedly said. Meanwhile, a regulator is concerned about "Meta’s virtual reality empire."

26.07 / 13:13

Binance Legal Binance CEO Sues Bloomberg's Partner Over 'Shitcoin Casino' Article

Changpeng 'CZ' Zhao, CEO of crypto exchange Binance, seems to be very unhappy with his portrayal by a major media outlet, as he is willing to go to court to fight against it. Zhao has sued the Hong Kong publisher of Bloomberg Businessweek after a Chinese language version of an article allegedly depicted him as operating a “shitcoin casino.”

25.07 / 17:47

NFT Non-fungible tokens Legal Yuga Labs class action Law Firm is Trying to Organize Class Action Lawsuit Against Yuga Labs

USA-headquartered law firm Scott+Scott is trying to organize a class-action suit against Yuga Labs, the entity behind popular non-fungible token (NFT) collections Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), and Otherside.

25.07 / 11:53

Legal M&A FTX Investment Rescue Low FTX Proposal is a 'Low-ball Bid Dressed Up as a White Knight Rescue' - Voyager

Crypto platform Voyager Digital argued that a joint offer proposed by crypto exchange FTX and linked trading firm Alameda is a “low-ball bid” that could disrupt the company’s bankruptcy process, to which FTX CEO Sam Bankman-Fried replied that the offer would provide Voyager customers with 100% of the remaining assets that Voyager has, as opposed to the “traditional” process under which, before customers obtain their assets, “they get fucked.”

25.07 / 11:53

Investing Legal Customers Anger, Worry, and Doubt – Celsius Customers ‘Pray’ for the Return of Their Crypto

The Celsius Network (CEL)’s fall from grace has been nothing short of spectacular – and the crypto lender has been amongst the highest-profile casualties of one of the most brutal crypto winters to date.

22.07 / 12:23

Legal Terraform Labs Terra Returns raid Prosecutors Raid Home of Terra Co-Founder Daniel Shin as Do Kwon Returns to Twitter

The South Korean prosecution service’s recent raid of 15 locations as part of the probe into the “Terra (LUNAC) incident” saw officers search the home of the Terraform Labs co-founder Daniel Shin.

22.07 / 12:23

CFTC SEC coinbase Legal Coinbase Criticizes US SEC, Crypto Community Criticizes Coinbase over Insider Trading, and CFTC Chimes In

Major crypto exchange Coinbase criticized the US Securities and Exchange Commission (SEC) for its lack of regulatory clarity and action, while itself being criticized over insider trading - for which two US regulators charged the exchange’s former employee.

20.07 / 18:31

Exchange Legal Upbit raid S Korean Prosecutors Raid 15 Addresses, Including Major Crypto Exchanges, as Part of Terra Probe

South Korean prosecutors have raided 15 locations in Seoul as part of their ongoing probe into the “Terra (LUNAC) incident” – and have seized documents and data from at least seven crypto exchanges, including the market-leading platforms Upbit and Bithumb.

18.07 / 11:31

Hack Bitfinex Legal Bitcoin Bitfinex Hack Suspect Heather Morgan Cleared to Seek Job and Get Paid Over USD 10K a Month

Heather Morgan, who was charged over laundering USD 4.5bn worth of bitcoin (BTC) stolen from the Bitfinex crypto exchange, won court approval to seek a new job while her case proceeds.

15.07 / 13:35

regulation Exchange Legal Terra Prosecution ‘Investigating Still-Extant South Korean Terraform Subsidiary’, Exchanges Make Self-regulation Proposal

South Korean prosecutors have reportedly uncovered evidence of an obscure Terraform Labs subsidiary that appears to exist only “on paper.”

13.07 / 20:39

Adoption NFT Legal UK UK Court Allows Civil Case Claimant to File NFT Legal Documents

Non-fungible tokens (NFTs) have found a way into the British legal system – just weeks after a similar development in the United States.

13.07 / 19:51

Twitter Legal UK Bitcoin digital euro elon Twitter vs. Elon Musk, Digital Euro's Phase 2, New Investments + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.______

12.07 / 15:03

Crime Legal Three Arrows Capital Three Arrows Founders 'Received Threats of Physical Violence' - Su Zhu Breaks Silence

Founders of troubled major crypto hedge fund Three Arrows Capital (3AC) and their families "have received threats of physical violence," according to seemingly a screenshot of an email, shared by Su Zhu, the co-founder of the fund, today.

11.07 / 17:11

ETF SEC Legal Bitcoin Bitcoin Etf Low This Is Low Long Grayscale vs. SEC Battle Over Bitcoin ETF Might Last

A major legal battle between digital asset giant Grayscale Investments and the US Securities and Exchange Commission (SEC) over the rejected application to convert the Grayscale Bitcoin Trust (GBTC), the world's largest BTC fund, to a spot exchange-trading fund (ETF) might last even two years or longer.

11.07 / 11:09

Exchange Legal M&A HK Courts Today in Crypto Turmoil: Sun Readies USD 5B Spend, Celsius’ Dealings ‘Exposed,’ CoinFlex Heads to HK Courts

The Tron (TRX) founder Justin Sun says he is ready to spend big on acquisitions as another week of crypto turmoil begins – and there are also developments from Celsius (CEL) (as usual!), while the exchange CoinFlex could be gearing up to flex its legal muscles on Roger Ver.

08.07 / 13:01

Ethereum Legal Bitcoin Cash Bitcoin creditors Mt. Gox Trustee Moves Closer to Pay-Out, Asks Creditors for Payment Details

The trustee holding what is left after the infamous collapse of the early crypto exchange Mt. Gox is moving closer to a pay-out, asking creditors how they would like to get paid, according to a new letter.

08.07 / 11:17

Legal FTX Three Arrows Capital Today in Crypto Turmoil: Woes Deepen, Legal and Repayment Developments from Celsius, 3AC, Voyager Digital, and More

The market may be on the up as the week draws to a close, but crypto turmoil shows no signs of abating. There are more goings-on at Three Arrows Capital (3AC), Celsius (CEL) is in the spotlight again – and the Voyager journey continues.

07.07 / 14:39

UPS Target solana Legal class action New Class Action Lawsuit Targets Solana In California

Solana Labs, the entity behind the Solana (SOL) blockchain, has found itself targeted by a new class-action lawsuit filed with a California court.

07.07 / 05:19

Stablecoin Tether USDT Legal Beijing Court Rules in Case Involving a Man Who Refused to Be Paid in USDT Instead of Fiat

A Chinese tech worker who refused to be paid in tether (USDT) and insisted on receiving fiat yuan has won his case against his former employers.

06.07 / 08:05

cryptocurrency Legal Voyager Digital Files for Bankruptcy

Voyager Digital Holdings, the US-based operator of a crypto platform Voyager Digital, and two affiliated debtors filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code, per Stretto, a bankruptcy specialist, data.

01.07 / 03:45

Legal stocks Bankruptcy South Korean Bankruptcy Court Warns of Coming Surge in Crypto-related Cases

South Korean courts are bracing for a wave of crypto-related bankruptcies – and have created a “working rule” that will help them deal with cases involving individuals who have fallen foul of crypto investments gone wrong.

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