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U.S. SEC Loses Crypto Lawsuit Over 'Dealer' Definition That Pushed Into Crypto
21.11.2024
A Texas federal court has rejected the U.S. Securities and Exchange Commission's recent rule expanding the definition of a securities dealer to include a wider swath of firms — including some in the cryptocurrency sector. This adds a significant legal loss to the crypto legacy of SEC Chair Gary...
Chinese Court Orders Refund in Controversial Crypto Contract Dispute
21.11.2024
A Shanghai court ordered a partial refund after ruling a token fundraising contract illegal, citing violations of Chinese financial regulations. Token Fundraising Faces a Major Setback in a Shanghai Court Judgment The Shanghai High Court published details on Wechat Monday about a crypto-related...
A New Frontier: Court Authorizes Service of Process Through NFT Airdrop
20.11.2024
In a landmark decision highlighting the unique aspects of blockchain technology, an S.D.N.Y. Bankruptcy Judge ruled in favor of Celsius’s motion for alternative service, whereby Celsius sought to provide legal service by airdopping non-fungible tokens (NFTs) to anonymous defendants’ digital asset...
Shanghai judge says cryptocurrency is a commodity, legal to own
20.11.2024
Shanghai Judge Sun Jie calls virtual currency a commodity with property attributes in a commentary on a 2017 business dispute
FTX co-founder Gary Wang sentenced to time served
20.11.2024
Wang was the final FTX executive awaiting sentencing over the 2022 exchange collapse and subsequent fraud charges
Final FTX exec to be sentenced on Nov. 20 — What should users expect?
19.11.2024
Three of the five individuals indicted in the FTX case have been sent to prison, while one was given time served
Judge rejects Kraken’s bid to challenge decision in SEC case
19.11.2024
Kraken won’t get the chance to appeal a California District Court judge’s decision that found the SEC had adequately alleged it sold unregistered securities
Only Congress Can Ban Election Betting, Kalshi Tells Appeals Court in New Filing
18.11.2024
The U.S. Commodity Futures Trading Commission (CFTC) may not like election betting, but only Congress — not the regulator — has the authority to ban it, embattled prediction market purveyor Kalshi argued in a Friday court filing
Elon Musk 'shot down' OpenAI's ICO plan in 2018 over credibility concerns
16.11.2024
According to a court filing, Elon Musk said that the proposed initial coin offering (ICO) "would simply result in a massive loss of credibility for OpenAI."
Elon Musk 'shot down' OpenAI's ICO plan in 2018 over credibility concerns
16.11.2024
According to a court filing, Elon Musk said that the proposed initial coin offering (ICO) "would simply result in a massive loss of credibility for OpenAI."
NY Supreme Court allows Greenidge to keep mining, but challenges remain
15.11.2024
The state Department of Environmental Conservation botched the permitting process, but it still gets a do-over
NY prosecutor suggests office will scale back crypto cases
15.11.2024
Scott Hartman reportedly said authorities in New York’s Southern District had filed “a lot of big cases” after a crypto market downturn but suggested it was petering out
XRP Whale Scoops 105M Tokens as Court Orders in Ripple’s Favor
14.11.2024
In a major XRP transfer, a whale account moved over 105 million XRP tokens, valued at approximately $76.5…
Bitfinex hacker sentenced to 5 years in prison
14.11.2024
US authorities arrested Ilya Lichtenstein and his wife, Heather Morgan, in 2022 for laundering Bitcoin connected to the Bitfinex exchange
Bitfinex hacker sentenced to 5 years in prison
14.11.2024
US authorities arrested Ilya Lichtenstein and his wife, Heather Morgan, in 2022 for laundering Bitcoin connected to the Bitfinex exchange
Bitfinex hacker sentenced to 5 years in prison
14.11.2024
US authorities arrested Ilya Lichtenstein and his wife, Heather Morgan, in 2022 for laundering Bitcoin connected to the Bitfinex exchange
US gov’t points to Gary Wang’s 'outstanding cooperation’ in FTX case
13.11.2024
Prosecutors suggested that the FTX co-founder would be better able to develop a tool to detect “potential illegal activity” in crypto markets if sentenced to time served
Money Launderer Who Moved Scam Victims' Funds Faces Up to Two Decades in U.S. Prison
13.11.2024
Daren Li oversaw the transfer of more than $73 million away from crypto scam victims to wallets he and his co-conspirators controlled
FTX filed for bankruptcy 2 years ago — What’s happening now?
11.11.2024
The exchange’s creditors haven’t been made whole despite a judge approving a plan, and sentencing for former executives is nearing an end
Judge denies ex-Celsius CEO’s bid to dismiss fraud, manipulation charges
11.11.2024
A federal judge ruled that Alex Mashinsky’s legal team’s arguments to dismiss two of his seven criminal charges were “either moot or without merit.”