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OpenAI dodges copyright lawsuit over use of news articles in AI training
8.11.2024
A New York federal judge dismissed a copyright lawsuit against OpenAI over its use of news articles for training ChatGPT, but plaintiffs hint at a potential revised filing
Legal Challenges for DAOs in Cross-Jurisdictional Operations
8.11.2024
Decentralized Autonomous Organizations (DAOs) are redefining how businesses and communities are governed by replacing traditional hierarchical management structures with decentralized, […]
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Robinhood legal boss is being considered for SEC chair shortlist: Report
8.11.2024
Robinhood’s legal chief, Dan Gallagher, is reportedly one of the top picks to head the SEC under Trump, who promised to fire its current chair “on day one.”
SEC seeks dismissal of Kraken defenses in ongoing legal dispute
7.11.2024
The SEC argued that Kraken’s defenses about the major questions doctrine are a “due process fail as a matter of the law.”
How will Binance, CZ’s New Legal Motion Against SEC Affect Lawsuit?
5.11.2024
Lawyers for Binance and former CEO Changpeng Zhao, also known as CZ, have renewed their bid to have…
Pakistan Digital Currency Reforms Set Path for CBDC as Legal Tender
5.11.2024
The Pakistani government has proposed amendments to the State Bank of Pakistan (SBP) Act to recognize central bank digital currencies (CBDCs) as legal tender. These changes would authorize the central bank to issue, regulate, and manage digital currency in both digital and physical forms....
Pakistan moves to regulate cryptocurrency, CBDCs as legal tender
4.11.2024
The proposed amendments would allow for sweeping changes to the country’s financial sector.
Russian CEO’s Market Manipulation Services Caught in DOJ’s Crypto Crackdown
3.11.2024
The DOJ has indicted a Russian cryptocurrency CEO for allegedly orchestrating a vast wash trading scheme to inflate crypto market volumes, misleading investors and exchanges globally. An Empire of Fake Trades: DOJ Reveals Conspiracy Inside Crypto Markets The U.S. Department of Justice (DOJ)...
Transparent Illusion: The Discrepancy in Polymarket’s Volume
2.11.2024
The recent surge in prediction markets has coincided with the upcoming presidential election, as those seeking a supplement to traditional polling look to new methodologies. As election day draws closer, established prediction markets have seen their volumes skyrocket, while fresh players...
Coinbase finds over '20 examples' of FDIC telling banks to avoid crypto
2.11.2024
Coinbase's chief legal officer declares that the “contents are a shameful example of a government agency trying to cut off financial access to law-abiding American companies.”
Coinbase finds over '20 examples' of FDIC telling banks to avoid crypto
2.11.2024
Coinbase's chief legal officer declares that the “contents are a shameful example of a government agency trying to cut off financial access to law-abiding American companies.”
Coinbase finds over '20 examples' of FDIC telling banks to avoid crypto
2.11.2024
Coinbase's chief legal officer declares that the “contents are a shameful example of a government agency trying to cut off financial access to law-abiding American companies.”
FBI-Created Token Hits Its Mark: Landmark Guilty Plea Shatters Crypto Fraud Ring
2.11.2024
The FBI’s fake cryptocurrency token unraveled a landmark market manipulation case, leading a founder to plead guilty to running automated wash trades across exchanges. In FBI-Created Token’s Trap, Crypto Mogul’s Empire Collapses The U.S. Department of Justice (DOJ) announced on Wednesday that...
DOJ Takes Down Rug Pull Duo Behind $400,000 NFT Debacle
31.10.2024
A federal jury convicted a man for orchestrating an NFT rug pull scheme, pocketing nearly $400,000 through abandoned projects and cryptocurrency laundering schemes. The NFT Rug Pull That Went Too Far — Federal Jury Brings Verdict The U.S. Department of Justice (DOJ) announced Thursday that...
ConsenSys Cuts 20% Staff, CEO Cites SEC Legal Battles
29.10.2024
ConsenSys, the company behind MetaMask wallet, announced the layoff of 162 employees across all divisions, reducing its workforce…
Feds Target Businessman in Alleged Web of Secret Crypto Deals
26.10.2024
The U.S. has accused a businessman of running an unlicensed cryptocurrency operation that allegedly enabled secretive “off-the-books” transactions. Unlicensed Crypto Transactions: Businessman Christopher Scanlon Indicted on Federal Charges Christopher James Scanlon, a Florida-based...
Ripple Escalates SEC Battle, Defends XRP’s Non-Security Classification
26.10.2024
Ripple has filed a cross-appeal against the SEC, with its legal chief insisting that XRP’s non-security status remains untouchable due to strict court review limits. Ripple’s Legal Battle With SEC Over XRP Continues Ripple’s chief legal officer, Stuart Alderoty, announced...
Ex-CEO Charged in Australia With Stealing $1.47M From Customer in Failed Bitcoin Deal
23.10.2024
Grant Colthup, the ex-CEO of a defunct Australian cryptocurrency exchange, is facing fraud charges. He’s accused of misusing $1.47 million intended for bitcoin purchases. ASIC, the Australian regulator, alleges Colthup violated a law against false or misleading representations. The funds were...
Football Stars to Face Legal Actions Regarding $3.2B Pyramid Scheme Promotion
23.10.2024
Promoting Omegapro, a pyramid scheme that raised over $3 billion from over 3 million customers, might make a group of European football stars face legal action. Hundreds of users affected would be preparing to sue these individuals, alleging that they trusted the company, which offered yields...
UAE’s Ras Al-Khaimah Launches Pioneering Legal Framework for DAOs
22.10.2024
Ras Al-Khaimah (RAK), a region in the United Arab Emirates, has established a legal framework for decentralized autonomous…