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Kuwait Capital Markets Authority Reaffirms Comprehensive Crypto Asset Ban
20.7.2023
In a circular released by the Capital Markets Authority of Kuwait, the regulator reaffirmed its position that Kuwait strictly prohibits the use of virtual currencies and bans mining activities within the Gulf state. The authority also emphasized the importance for businesses to inform customers...
21 Arrested in China for $54M USDT Money Laundering Investigation
20.7.2023
Authorities in China's Shanxi Province have arrested 21 individuals allegedly involved in a major Tether (USDT) money laundering scheme.
The scheme, estimated to have generated over $54 million, utilized the US dollar-backed stablecoin USDT to launder money, the country’s national broadcasting...
Despite Nintendo And Valve, Emulator Dev Isn't Worried About Legal Danger
20.7.2023
While Nintendo loves a lawsuit and emulation is often a contentious issue for publishers, few situations have been quite as high-profile as the recent attempt to launch GameCube and Wii emulator Dolphin on Steam. The 20-year-old emu engine has long been available online, but this attempt to become...
Proposed Legal Reforms Aid UK Crypto Dreams – but Offer Scant Hope for Bitcoin Developers Sued by Craig Wright
20.7.2023
A new Law Commission report doesn’t address legal concerns beyond token ownership, lawyers told CoinDesk
SEC Urged to Abandon Crypto 'Crusade' by Congressman Torres After Ripple Legal Battle
19.7.2023
Congressman Ritchie Torres has asked the US Securities and Exchange Commission to provide clear rules for crypto instead of “indiscriminately” treating the majority of crypto assets as securities under its purview.
On Tuesday, Torres penned an open letter to SEC Chairman Gary Gensler, expressing...
Today in Crypto: Shinhan Bank Tests Stablecoin Payments on Hedera Network, Marathon Shareholders File Lawsuit Against CEO & Top Execs, Cronos Partners with Ubisoft
18.7.2023
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________...
Read More: Today in Crypto: Shinhan Bank Tests Stablecoin Payments on Hedera Network, Marathon Shareholders File Lawsuit Against CEO...
Coinbase Earn Is Particularly Vulnerable to Being Defined as a Security: Berenberg
18.7.2023
The crypto exchange is still faced with significant regulatory challenges, the report said
Bankrupt Celsius to spend $24M from GK8 sale on legal expenses
18.7.2023
After buying GK8 for $115 million in 2021, Celsius is selling it for $25 million, spending 96% of the sale proceeds on legal fees
Report: BlockFi's Risky Investment in FTX and Alameda Despite Knowledge of Infamous Balance Sheet
18.7.2023
According to a recently unsealed report made in Friday's court filing, BlockFi Inc. executives ignored repeated warnings from their risk management team regarding significant loans to Sam Bankman-Fried's Alameda Research, collateralized with digital tokens from FTX....
Read More: Report: BlockFi's...
Cardano continues to make waves, but DigiToads presale ignites the market
17.7.2023
Cardano (ADA) price changes are stirring much interest in the market. The coin finally broke out from $0.2, removing some lost ground. For some time, the project has been engaged in a legal tussle. While the case is still on, it shows investors it can weather the storm regardless of external...
Katie Haun weighs in on the legal battle between XRP and the SEC
17.7.2023
Katie Haun, currently a crypto investor, has highlighted her side of the legal battle between Ripple and the Securities & Exchange Commission. Saying that the legal battle is far from over, an appeal to the court’s decision is possible but unlikely. The reason is the SEC may not be interested...
Binance.US shares an update about the legal battle with the SEC
17.7.2023
The American arm of Binance has shared an update with the community about the ongoing legal battle with the US Securities & Exchange Commission, the SEC. Per the update, the US Court has not granted rights to the Commission to freeze the assets of the platform. Also, their right to TRO has been...
Bitcoin Price Prediction: Ripple's Legal Win and Global Interest Shape the Market
17.7.2023
Bitcoin price is currently trading at around $30,300, showing less than 0.50% surge during the Asian session on Monday. The recent favorable decision in the SEC vs. Ripple case has impacted the price, bringing it back to the level seen last Thursday.
However, a former SEC official expresses...
XRP Supporters Celebrate, Kiyosaki Says Dollar ‘Will Die,’ RFK Jr Holds Bitcoin, and More — Week in Review
16.7.2023
This past week has been a big one for Ripple supporters, who are now celebrating what they view as at least a partial win for the digital asset XRP in the legal battle against the U.S. Securities and Exchange Commission (SEC). In other news, Rich Dad Poor Dad author Robert Kiyosaki says the...
Bankman-Fried Requests Court’s Approval for a Mystery List of Visitors to Drop by Without Security
15.7.2023
In a legal document lodged on July 13, 2023, Sam Bankman-Fried, the former chief executive officer and founder of FTX, expressed his desire for his “close friends” to drop by his parents’ residence “without the need for a security guard to be present.” The plea from Bankman-Fried...
Coinbase Pauses Staking Services in Several US States Amid SEC Lawsuit
15.7.2023
Coinbase, the US-based cryptocurrency exchange, has temporarily paused its staking services in four states in response to legal proceedings from Securities and Exchange Commission (SEC).
In a blog post on July 14, Coinbase announced that it was temporarily suspending its retail staking service...
Kim Dotcom-Backed Crypto Startup Bitcache Liquidated in New Zealand
15.7.2023
Bitcache, a crypto startup backed by Kim Dotcom, has been liquidated, reportedly over unpaid legal fees. Phil Creagh, an Auckland lawyer who acted as Bitcache’s director until Sept. 2020, is reported to have applied for the startup’s liquidation on May 24. Bitcache’s Unpaid Legal Fees A...
Legal Expert Warns Victory May Be Short-Lived for Ripple and XRP — Says Judge ‘Got the Law Wrong’
15.7.2023
A legal expert has warned that the district court ruling on XRP “rests on very shaky ground.” Expecting an appeal, he cautioned that Ripple’s victory “may be a short-lived victory,” claiming that the judge “got the law wrong.” Lawyer on Ruling of...
Celsius Founder Alex Mashinsky’s Bail Set at $40 Million, Travel Restricted Amid Fraud Charges
14.7.2023
Just before the now-defunct crypto lender Celsius was charged by three U.S. federal regulators — the Commodity Futures Trading Commission (CFTC), Securities and Exchange Commission (SEC), and Federal Trade Commission (FTC) — its former CEO, Alexander Mashinsky, was arrested on fraud charges...
Ripple's Legal Win Means It's Time for Crypto to Stand Up to the SEC
14.7.2023