Search
Terraform Labs Gets Court Approval to Wind Down Operations in Bankruptcy
19.9.2024
Terraform Labs has received court approval to wind down operations in bankruptcy following a settlement with the U.S. Securities and Exchange Commission (SEC). The company had been at the center of a scandal that left cryptocurrency investors facing significant losses after the Terra ecosystem...
$1.5M CryptoPunk bought for $23K, Coinbase’s NFT legal defense fund: Nifty Newsletter
18.9.2024
Pudgy Penguins CEO Luca Schnetzler believes the SEC’s actions against NFTs are nonsense, describing them as a “nothing burger.”
Kraken denies SEC claims, argues digital assets aren’t securities: Law Decoded
16.9.2024
Kraken rejects the SEC’s securities allegations, Brazil lifts the freeze on Starlink’s bank account, the UK clarifies crypto property rights, and Coinbase backs NFT’s legal defense
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...
Indian Court Bars Police From Freezing Entire Bank Accounts in Crypto Fraud Probes
15.9.2024
An Indian High Court has ruled that police cannot freeze entire bank accounts during fraud investigations. Only fraud-related amounts in bank accounts can be frozen. The decision followed a case where an account was frozen due to a cryptocurrency investigation. The court stressed that freezing...
Former Alameda CEO Caroline Ellison Requests Leniency, Asks for No Prison Sentence
14.9.2024
Caroline Ellison, the former CEO of Alameda Research, is seeking leniency in her sentencing for her role in the FTX fraud. Her lawyers have filed a sentencing memorandum emphasizing her extensive cooperation with authorities and personal acceptance of responsibility for her actions. Caroline...
FTX Co-Founder Sam Bankman-Fried Seeks Retrial, Alleges Legal Errors
14.9.2024
Sam Bankman-Fried, co-founder of FTX, has filed an appeal against his conviction, arguing that key evidence was improperly excluded from his trial. His attorneys claim that legal errors denied him a fair trial and seek a retrial with a different judge. Sam Bankman-Fried’s Appeal Targets...
Coinbase’s ‘Stand With Crypto’ creates NFT legal defense fund
13.9.2024
Coinbase has emerged as a vocal advocate for the crypto industry in the face of ongoing regulatory crackdowns in the United States
Coinbase’s ‘Stand With Crypto’ creates NFT legal defense fund
13.9.2024
Coinbase has emerged as a vocal advocate for the crypto industry in the face of ongoing regulatory crackdowns in the United States
Operation Niflheim: Brazilian Authorities Crack Down on $9.7 Billion Crypto Money Laundering Rings
12.9.2024
The Brazilian Federal Police dismantled an operation that used crypto to launder money from criminal sources, sending it abroad. Operation Niflheim involved the issuance of eight arrest warrants and 19 search and seizure orders against these groups that operated in Caxias do Sul, Sao Paulo...
UK Bill Recognizes Digital Assets as Personal Property Under New Law
12.9.2024
The UK Ministry of Justice has introduced the Property (Digital Assets etc) Bill to recognize bitcoin and other digital assets as personal property under English and Welsh law. Led by Justice Minister Heidi Alexander, this bill addresses legal uncertainties around digital assets, ensuring better...
UK gov’t introduces bill to clarify crypto’s legal status
11.9.2024
The proposed legislation would create an additional property category under UK law, identifying digital assets as “things.”
UK Introduces Bill to Clarify Crypto's Legal Status
11.9.2024
The Labour government said the bill will give owners of bitcoin and other digital assets greater legal protection
Early Ethereum adviser sues law firm for $100M over crypto extortion case defense
9.9.2024
Law firm Covington & Burling have denied allegations by Steven Nerayoff, calling his lawsuit “meritless” and vowing to “vigorously” fight it
Early Ethereum adviser sues law firm for $100M over crypto extortion case defense
9.9.2024
Law firm Covington & Burling has denied Steven Nerayoff's allegations, calling his lawsuit “meritless” and vowing to “vigorously” fight it
CFTC Loses Round One: Kalshi Cleared to Offer US Election Bets
8.9.2024
A federal judge this week sided with the prediction market Kalshi’s motion for summary judgment in its legal battle with the U.S. Commodity Futures Trading Commission (CFTC). This decision opens the door for U.S. citizens to place bets on the upcoming November election. However, the ruling isn’t...
Pavel Durov Speaks Out Following Paris Arrest Over Telegram’s Legal Issues
7.9.2024
Pavel Durov, founder and CEO of Telegram, made his first public statement after his arrest in Paris. He was questioned by French authorities for four days over claims that he could be held responsible for illegal activities of Telegram users. Durov expressed surprise, citing that Telegram has...
First Seizure of Stablecoins Recorded in Argentina as Authorities Disrupt Money Laundering Operation
7.9.2024
In what local media are calling the first operation of its kind, the Argentine judicial system ordered the seizure of nearly $28,600 in stablecoins from a criminal organization that used cryptocurrency to launder millions of dollars. The criminals obtained these funds from two main activities:...
Dr Disrespect Discusses Twitch Ban Allegations In Detail: 'Do You Even Know What The Legal Definition Of Sexting Is? I Do'
6.9.2024
Guy “Dr Disrespect” Beahm addressed the allegations around his 2020 Twitch ban in detail on Friday during his first YouTube appearance since admitting, over two months ago, to exchanging “inappropriate” messages with a minor back in 2017. He suggested the user in question was not under the age...
US Court Imposes $209 Million Penalty in Crypto Ponzi Scheme
5.9.2024
The U.S. District Court for the Northern District of Illinois has ordered an Oregon resident and his entities to pay over $209 million in penalties for running Ponzi schemes disguised as crypto and carbon investment programs. This includes restitution, disgorgement of illegal profits, and a civil...