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Terraform Officials Banned from Leaving South Korea as Do Kwon ‘May Apply for Singaporean Citizenship’
20.6.2022
South Korean prosecutors have banned an unspecified number of current and/or former Terraform Labs officials, including developers, from leaving the country.
KBS, the South Korean state broadcaster, reported that the identity of two of the number had been confirmed – and that both were former...
Iranian government to cut power supply for the country's legal crypto mining rigs
20.6.2022
For years, the country has heavily subsidized its electricity production leading to extremely low prices. It claims that this has now become unsustainable
First Short Bitcoin ETF in US, FATF Not Happy With VASPs, Inactivity Fee on Bitstamp + More News
20.6.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: First Short Bitcoin ETF in US, FATF Not Happy With VASPs, Inactivity Fee on Bitstamp + More News
Russian Finance Ministry Rules Out Sale of Oil for Bitcoin
20.6.2022
The Russian government considers bitcoin as a payment option for small business transactions, not for oil exports, the country’s finance ministry has indicated. A top official emphasized the department means that cryptocurrencies may be used in barter deals, but not as legal tender. Crypto...
Binance Suspends Direct Deposits and Withdrawals in Brazil
19.6.2022
Binance announced this week that the direct withdrawal and deposits were suspended in Brazil. The exchange issued a statement where it announced that this was the result of a change in the payments partner in the country and that it will be taking legal steps against it. However, the partner states...
7 In-Demand, Crypto Winter-Proof Blockchain Jobs
18.6.2022
Numerous leading crypto companies have started to slow down hiring and are reducing staff as revenues have declined due to the slump in the crypto markets. But that doesn’t mean that there aren’t crypto jobs out there that remain in demand, especially, as multiple companies still keep hiring. ...
Virtual Currency-Based Sale Agreement an Invalid Contract, Chinese Court Rules
18.6.2022
A virtual currency cannot be circulated in the market as a currency, therefore a vehicle sale contract wherein parties agreed that the buyer would pay with a privately issued digital currency is invalid, a Chinese court has ruled. The court asserts that a virtual currency does not have the same...
Elusive Bitcoin ETF: Hester Perice criticizes lack of legal clarity for crypto
17.6.2022
SEC Commissioner and “Crypto Mom” Hester Peirce criticized the SEC on its regulatory guidance, but noted that change is possible if investors and regulators work together
Elon Musk Eyes Twitter ‘Digital Payments’ Expansion, But Faces DOGE ‘Pyramid’ Legal Wrap
17.6.2022
Tesla chief Elon Musk wants Twitter to move further into the “digital payments” space – but may have to wage a legal battle with an angry dogecoin (DOGE) investor who claims the billionaire is running a crypto “pyramid.”
In his first (virtual) meeting with staff since agreeing on a deal to...
Three Arrows Keep Hurting Crypto Market, Circle's Euro Coin in US, Samsung's Wallet + More News
16.6.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: Three Arrows Keep Hurting Crypto Market, Circle's Euro Coin in US, Samsung's Wallet + More News
Treasury Minister of El Salvador Dismisses Bitcoin Investment Losses, Calls Media Reports Biased
16.6.2022
Alejandro Zelaya, the treasury minister of El Salvador, called out the critics of the investments that his country, through the action of President Nayib Bukele, has made in bitcoin. Zelaya stated that there had not been any losses because the bitcoin purchased — around 2,300 BTC —...
Bank of Kyrgyzstan Issues Warning About Cryptocurrencies, Crypto Payments
16.6.2022
Amid the growing popularity of cryptocurrencies in Kyrgyzstan, the country’s central bank has reminded citizens about the risks associated with the digital assets. The monetary authority also warned that crypto payments are illegal in the Kyrgyz Republic. National Bank of Kyrgyzstan Urges...
Celcius Reportedly Hiring ‘Restructuring Lawyers’ as Bankruptcy Speculation Mounts, CEL Pumps & Dumps
15.6.2022
A torrid week for the users and operators of the crypto lender Celsius Network (CEL) is continuing – with restructuring lawyers reportedly called in to help enact emergency measures. Meanwhile, CEL is on a roller coaster today....
Read More: Celcius Reportedly Hiring ‘Restructuring Lawyers’...
Legal battle avoided after YGG and Merit Circle DAO agree to a deal
15.6.2022
The passing of an investment proposal brought into question a legal agreement between the organizations and the Merit Circle DAO agreed to a counterproposal that would ensure a settlement
Brazilian proposal would make crypto payments legal and protect private keys
15.6.2022
The proposed law won’t necessarily make crypto legal tender in the country, but it’ll at least be legally recognized financial asset for investments and other uses
Bitcoin Fraud-Accused South African Radio Presenter Threatens Legal Action
14.6.2022
Following accusations that he defrauded investors in his bitcoin investment scheme, the South African radio presenter Sebasa Mogale has said he will take legal action against individuals that have reported him to the police. His lawyer insisted that no evidence will be found because Mogale never...
Brazil’s Judges Receive Crypto ‘Training,’ Minister Warns of ‘Gaps’ in Regulation
14.6.2022
Brazilian federal judges have been receiving training on crypto-related matters – in an attempt to prepare the judiciary for an increase in crypto-related court cases....
Read More: Brazil’s Judges Receive Crypto ‘Training,’ Minister Warns of ‘Gaps’ in Regulation
Crypto-related Criminal Cases Rise by 40% Year-on-Year in Russia
13.6.2022
There has been a spike in crypto-related legal activity in Russia – with case numbers growing fast both in the criminal and civil courts.
Per the media outlet Izvestia, researchers from the cybersecurity outfit RTM Group compiled a report showing that 1,531 legal cases related to cryptoassets...
Goldman Sachs Launches New Ethereum Derivative, Layoffs at Crypto.com, Binance vs. Private Litecoin + More News
13.6.2022
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: Goldman Sachs Launches New Ethereum Derivative, Layoffs at Crypto.com, Binance vs. Private Litecoin + More News
Desperate Celsius Users Face Liquidations as Crypto Market Tanks, Solvency Debate Begins
13.6.2022
Some users of Celsius (CEL), a troubled major crypto lender, are facing liquidations of their trading positions as the crypto market crashes and industry players discuss (in)solvency of Celsius and chances to sue the company.
To make things worse, the company has also suspended withdrawals...