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UK Court Recognizes USDT as ‘Distinct Form of Property’
16.9.2024
A High Court of England and Wales has ruled that stablecoin tether (USDT) is recognized as property under English law. The court clarified that cryptocurrencies, despite not being physical assets, can be treated similarly to tangible and intangible property in legal disputes. UK Court Recognizes...
Court Approves BTC Loan for Bankrupt Bitcoin Mining Firm
2.9.2024
Rhodium Encore LLC, a bankrupt bitcoin mining company, has received court approval for a unique debtor-in-possession financing plan that allows borrowing in either U.S. dollars or bitcoin. Galaxy Digital Holdings Ltd., a blockchain firm led by Mike Novogratz, has offered to provide Rhodium with...
Mango Markets Exploiter Faces Charges of Child Pornography Possession
29.4.2024
Avraham Eisenberg, the individual recently convicted of fraud and market manipulation in connection with a $110 million heist from Mango Markets, now faces additional charges of possessing child pornography.
The post Mango Markets Exploiter Faces Charges of Child Pornography Possession appeared...
Mango Markets’ Eisenberg charged with possession of child porn
29.4.2024
Court documents allege that EISENBERG possessed sexually explicit images of minors on his electronic devices, including images of prepubescent minors and minors who had not attained 12 years of age
Mango Markets Exploiter Charged with Possession of Child Pornography
29.4.2024
FBI Computer Analysis and Response Team agents first found the material during a search of Eisenberg's devices in January 2023
Worldcoin Value Plummets 24% in Week Amid Increase in Unique Addresses, Strong Hold by Top Wallets
11.8.2023
In the course of the previous week, the value of worldcoin (WLD) against the U.S. dollar has plummeted by 24.6%, while a broader view of the past fortnight reveals a decline of 21.4%. Simultaneously, five days ago when the contract recorded 408,721 unique addresses in possession of WLD, the figure...
Fed Launches New Crypto Oversight Program, Issues Dollar Stablecoin Guidelines
10.8.2023
The Federal Reserve has established a new supervisory program to increase oversight of crypto activities by the banks it regulates. The U.S. central bank also released additional guidelines for banks to follow before engaging in the issuance, possession, or transactions involving U.S. dollar...
Crypto Staking in the Crosshairs: IRS Unveils New Tax Guidance
1.8.2023
The U.S. Internal Revenue Service (IRS) has issued a decree stating that American citizens drawing income from cryptocurrency staking services must categorize the value of those digital assets as gross income, the moment they officially take possession of the staking reward. IRS Clarifies...
Stablecoin Issuer Tether Reveals Plan to Allocate Profits Into Bitcoin
17.5.2023
Tether, the stablecoin enterprise, has revealed its intention to devote 15% of its profits to bitcoin. The firm’s announcement comes on the heels of Tether’s recent attestation report, which emphasized the company’s possession of bitcoin reserves worth $1.5 billion....
Notorious Crypto Scammer Nicholas Truglia Arrested in Florida for Fraud and Gun Possession
11.5.2023
Nicholas Truglia, known for his engagement in a massive cryptocurrency theft, has been arrested again in Florida over allegations of fraud and carrying a concealed weapon.
The 25-year-old was arrested Tuesday in Florida, Bloomberg News reported, noting that the circumstances of the latest case...
Syrian Crypto Dealer Freed From Kidnappers Who Demanded Ransom of Over $1.1 Million
8.5.2023
Spanish law enforcement recently nabbed three individuals who befriended and eventually kidnapped a Syrian cryptocurrency dealer. Following their arrest, the kidnappers, who were demanding a ransom of over $1.1 million, were found in possession of weapons and fake identity documents. Syrian Crypto...
Seoul Prosecutors Believe Terra Co-Founder Do Kwon Still in Possession of $100 Million Held in Swiss Bank Account
27.4.2023
In the wake of the recent legal action against ten associates of Terraform Labs, which included the co-founder Shin Hyun-seong, known to many as Daniel Shin, it appears that prosecutors from Seoul are convinced that Terraform Labs and co-founder Do Kwon are still in possession of a considerable...
Signature Bank Closure Has Nothing to Do With Crypto, Says Regulator
15.3.2023
The decision to close down Signature Bank had “nothing to do with crypto,” said the New York State Department of Financial Services, the regulator that took possession of the troubled bank on Sunday. The financial watchdog insisted that its decision to put Signature Bank in receivership...
NY Regulators Seize Control of Signature Bank, Depositors Assured by Federal Bailout
13.3.2023
On Sunday, the New York Department of Financial Services, or DFS, announced that it had taken possession of Signature Bank. The DFS appointed the Federal Deposit Insurance Corporation, or FDIC, as the receiver of the bank. In a joint statement, the U.S. Federal Reserve, Treasury Department,...
Binance liquidates all existing FTT in their possession
7.11.2022
In one of the tweets, Binance mentioned that they had recently obtained approximately $2.1 billion USD, equivalent to cash ($BUSD and $FTT). This occurrence occurred because of Binance’s move to withdraw from FTX equity, which they had carried out sometime during the year. Along with that, and...
Three Arrows Capital Liquidators Take Possession of Starry Night NFT Wallet
5.10.2022
Liquidators credit collection curator VincentVanDough for his help in moving the NFTs to a Gnosis Safe wallet
Possession of Bitcoin still legal in China despite the ban, lawyer says
16.9.2022
Crypto holders in China are protected by the law in case of theft, misappropriation or breach of a loan agreement despite the ban on crypto
Ethiopian Central Bank Restricts Amount of Cash Travelers Can Hold, Sets Foreign Currency Conditions
13.9.2022
According to the National Bank of Ethiopia’s directive, which became effective on September 5, persons entering and departing the country in possession of local currency are now subject to new restrictions. Individuals may not hold local currency whose value exceeds $57.00 or 3,000 birr....
Local Council Member in Ukraine Declares 124 BTC and 500 Tesla Shares
14.11.2021
A government official in Rivne region of Ukraine owns close to $8 million in cryptocurrency and 500 Tesla shares, his declaration shows. The news comes as another Ukrainian lawmaker in Kyiv has found it hard to prove possession of the crypto holdings on her asset statement. Ukraine Officials...
The US SEC Fines Shipchain $2 Million for Conducting an Unregistered Token Offering: Company Agrees to Cease Operations
24.12.2020
The US Securities and Exchange Commission (SEC) has issued a cease and desist order against Shipchain and ordered it to pay a penalty of $2.05 million. Additionally, the regulator has directed Shipchain, a shipping and logistics company, to transfer Ship tokens in the possession or control of...