Legal Financial News

24.03 / 05:29

Ethereum Adoption Legal Bitcoin Singaporean Court Recognizes Crypto as Property in Theft Case

The High Court of Singapore, the lower division of the country’s Supreme Court, has issued a ruling in which, for the first time, it recognizes crypto as property and grants proprietary injunctions against persons suspected of its theft.

22.03 / 14:45

cryptocurrency Legal Bitcoin Freedom Convoy crypto donations Crypto Donations To 'Freedom Convoy' Evade Government Seizure - Report

Despite the efforts by the Canadian government, most of the CAD 1.1m (USD 874,000) worth of cryptoasset donations made to the trucker protests (aka "Freedom Convoy"), an initiative that evolved out of the anti-COVID-19 health mandate protests, have reportedly dodged seizure by the authorities.

16.03 / 17:55

Legal IRS Tezos Tezos Staking Couple Ramps Up Pressure on US IRS with New Legal Brief

A case involving the US Internal Revenue Service (IRS) and its alleged attempt to refund a couple’s tezos (XTZ) crypto staking tax bill could come to a head after one of the duo pushed for a “definitive ruling” that could change the way staking is taxed in the United States.

16.03 / 12:47

cryptocurrency privacy Legal Elliptic Claims Breakthrough in Search for Russian Crypto Sanctions Evaders

“Crypto forensics firms” such as Elliptic and Chainalysis appear to be making a name for themselves in the international media – with their blockchain analysis tools allowing them to allegedly make key advances in Western governments’ search for crypto-using Russian sanction evaders.

15.03 / 19:39

VISA economics Legal Defi Hack Ethereum Co-Founder Raises USD 450M & Bashes Solana, Another DeFi Hack + 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.

15.03 / 04:13

Adoption Crime Legal Deal China’s Digital Yuan App Gets Update as Police Deal with First-Ever CBDC ‘Fraud’ Case

The central People’s Bank of China (PBoC) has added new functionality to its pilot digital yuan app – but it appears that some citizens are already trying to commit crimes using the new token, and have attempted to use it to launder money.

14.03 / 22:19

cryptocurrency Legal Bitcoin freeze What Can We Learn from Canadian Crypto Freeze as War in Europe Rages On?

Governments have never really been the biggest fans of Bitcoin (BTC) and cryptocurrency. Not only does crypto escape their monopoly over the issuing and supply of money, but it also helps individuals escape any monetary restrictions they may wish to apply.

14.03 / 16:57

Ripple XRP SEC Legal XRP Pumps and Drops After a ‘Huge Win’ for Ripple

The price of XRP, the cryptoasset affiliated with the American fintech firm Ripple, pumped strongly on Friday, before falling back down over the weekend. The moves came after a federal judge had rejected the US Securities and Exchange Commission (SEC)'s move to strike Ripple’s “fair notice” defense in the case.

07.03 / 14:17

Blockchain coinbase Legal TradFi Crypto Can Better Deter Sanction Evasion Compared to TradFi - Coinbase

Crypto's transparent nature makes it a terrible choice for those who want to evade sanctions, said Paul Grewal, Chief Legal Officer (CLO) of major crypto exchange Coinbase.

02.03 / 03:15

NFT Gaming Legal South Korean Court Rejects Challenge to Strict Crypto, NFT Gaming Law

South Korea’s Constitutional Court has upheld a law that blocks gamers from buying and selling crypto and non-fungible tokens (NFTs) – and seeks to punish those trading video game-related coins and items.

01.03 / 13:05

Hack Bitfinex Legal Bitcoin Alleged Bitfinex Crypto Exchange BTC Launderer Morgan Seeks ‘Plea Deal’

Half of the husband-and-wife duo that has been charged by American prosecutors with attempting to launder a monster bitcoin (BTC) allegedly raided from the crypto exchange Bitfinexin a 2016 hack is talking to the authorities about a possible “plea deal.”

28.02 / 13:47

cryptocurrency Legal Kraken Crypto Exchanges Soon Could Be Forced to Block Russian Users - Kraken CEO

In the aftermath of the Western sanctions on Russia due to its invasion of Ukraine, crypto exchanges could be soon required to freeze the accounts of their Russian customers, according to Kraken CEO Jesse Powell.

22.02 / 14:01

Facebook Social Media privacy Legal Australian Facebook Faces Legal Fight with Australian Billionaire over Crypto Scam Ads

Meta’s Facebook has filed legal documents in rejection of an action brought by the Australian billionaire Andrew “Twiggy” Forrest, the nation’s richest man. The latter claims the social media platform should be held liable for “reputation-damaging” crypto scam ads that made use of images of him.

22.02 / 12:33

NFT Hack security Legal Texas Man Sues OpenSea Over Stolen NFT, Asks for Over USD 1M in Damages

Timothy McKimmy, the US man who says he had lost his non-fungible token (NFT) due to an issue related to OpenSea's user interface (UI) design, has filed a lawsuit against the NFT marketplace, alleging that the platform was aware of the issue but did not "timely put adequate safety measures in place."

15.02 / 12:01

Bitfinex Legal Bitcoin bail Bitfinex Hack: Ilya Lichtenstein Remains in Federal Custody, Heather Morgan Released on Bail

A judge in Washington D.C., USA, denied bail to Ilya Lichtenstein while releasing his wife, Heather Morgan, from detention on bail.

14.02 / 18:09

Crime Legal Tax UK fraud case Tax Authority UK Tax Authority Confiscates 3 NFTs in Fraud Case as a First

As part of its probe into a potential value-added tax (VAT) fraud, UK tax authority Her Majesty's Revenue and Customs (HRMC) has confiscated three non-fungible tokens (NFTs) in what represents the first seizure of such assets by a British government institution.

11.02 / 22:11

cryptocurrency Adoption Legal Bitcoin freeze Canadian Trucker Protesters Eye Bitcoin Amid Court-Ordered Fund Freeze

The government of Canada’s Ontario has obtained an order from the province's Superior Court of Justice that allows freezing some USD 9.4m in funds collected through crowdfunding platform GiveSendGo for the 'trucker protest' -- encouraging calls by some of the protest’s supporters to develop a bitcoin (BTC)-based strategy that could ensure continued funding for the truckers.

11.02 / 13:53

Bitfinex Legal Bitcoin Here’s What Agents Say They Photographed in ‘Bitfinex Hack’ Couple’s Apartment

The mysterious case of the duo charged with attempting to launder a vast bitcoin (BTC) haul allegedly looted from the Bitfinex crypto exchange in a hack in 2016 just got a lot more bizarre – with the Attorney’s Office for the District of Columbia issuing a 34-page legal document detailing why the couple should not be granted bail.

08.02 / 20:07

Bitfinex Legal Bitcoin US Arrests Two Suspects in Bitfinex Bitcoin Hack, Seize USD 3.6B in BTC

Two individuals were arrested this morning in Manhattan for an alleged conspiracy to launder bitcoin (BTC) that was stolen during the 2016 hack of Bitfinex, presently valued at approximately USD 4.5bn, the US Department of Justice said.

08.02 / 17:07

Ripple XRP SEC Legal end XRP Rallies as New Court Orders Offers Hope that Ripple Case May Soon End

XRP, the coin affiliated with the US-based fintech firm Ripple, extended a week-long rally in the market today that started after a judge in an ongoing court battle between Ripple and the US Securities and Exchange Commission (SEC) issued orders that were seen as positive for Ripple.

05.02 / 04:29

Mining Legal Monero Warning Japanese Police Deletes its Warning about Crypto Mining after Losing Moner Case

The long-running Monero (XMR) mining saga that pitted Japanese web developers against the police over the matter of crypto mining software may have come to a close last month, but the police force appears to have added an intriguing coda – by removing its public warning about the dangers of crypto mining widgets.

Legal Financial News

popular questions about Legal

What is Legal and why is it gaining attention?

Where can I find the latest updates on Legal?

How can I verify the accuracy of information on Legal?