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Judge says CFTC exceeded its authority halting Kalshi election bets
12.9.2024
According to Judge Jia Cobb, having Kalshi offer contracts on “whether a chamber of Congress will be controlled by a specific party in a given term” was not unlawful
Court Sentences Missouri Man to 3 Years in Prison for Crypto and Tax Fraud
12.9.2024
Missouri resident Lyell Champagne Jr. has been sentenced to three years in federal prison for fraud and tax offenses involving cryptocurrency. He and his accomplice attempted to steal funds by accessing victims’ bank accounts and filing false tax returns. Law enforcement recovered most of...
Caroline Ellison asks for time served, citing cooperation with US gov’t
11.9.2024
The elusive former CEO of Alameda Research will return to court on Sept. 24 for sentencing after pleading guilty to fraud and money laundering in 2022
Atomic Wallet wins dismissal of class suit over $100M hack
11.9.2024
A US judge found a Colorado court lacked jurisdiction over the Estonian-based Atomic Wallet, its CEO and a sister software development firm
FCA Files First Charges Against Unregistered Crypto ATM Operator in UK
11.9.2024
The UK’s Financial Conduct Authority (FCA) has charged Olumide Osunkoya for operating unregistered crypto ATMs in the country. This case is significant as it represents the first prosecution under UK law for such activities. Osunkoya is accused of running a network of crypto ATMs that...
Caroline Ellison asks to seal supporters’ info at Sept. 24 sentencing
10.9.2024
A filing in federal court suggested that the former Alameda Research CEO had a sentencing hearing scheduled for Sept. 24 — the first in the FTX case since Ryan Salame’s in May
Kraken Adjusts Margin Product to Comply With Australian Crypto Law, Calls for Clearer Regulation
10.9.2024
The Australian Federal Court ruled that Kraken’s fiat margin extensions are subject to regulatory obligations, but crypto margin extensions are not. Kraken acknowledged the decision but stressed the need for clearer crypto regulations in Australia. Following the ruling, Kraken adjusted its margin...
Judge issues temporary stay in Kalshi v. CFTC election betting case
9.9.2024
Judge Jia Cobb said the court would hold a hearing on Sept. 12 to address competing motions filed by the CFTC and Kalshi over betting on US elections
Judge issues temporary stay in Kalshi v. CFTC election betting case
9.9.2024
Judge Jia Cobb said the court would hold a hearing on Sept. 12 to address competing motions filed by the CFTC and Kalshi over betting on US elections
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...
Coinbase secures partial victory over SEC in motion to compel discovery
6.9.2024
Paul Grewal, Coinbase’s chief legal officer, said the SEC would be compelled to produce “important discovery” in its civil case after a judge’s order
One week later: X’s future in Brazil on the line as Supreme Court reviews ban
6.9.2024
With Lula supporting Moraes and the Bar Association challenging the decision, Brazil’s Supreme Court must decide X’s fate amid free speech concerns
One week later: X’s future in Brazil on the line as Supreme Court reviews ban
6.9.2024
With Lula supporting Moraes and the Bar Association challenging the decision, Brazil’s Supreme Court must decide X’s fate amid free speech concerns
Prosecutors Tell NY Court They Didn’t Renege on FTX Exec Ryan Salame’s Plea Deal
6.9.2024
Federal prosecutors have fired back against Ryan Salame’s allegations that they reneged on agreements made in the former FTX executive’s plea deal – namely, that they would cease criminal investigations into Michelle Bond, Salame’s longtime partner and the mother of his child
Celebrities boost crypto projects but don’t guarantee legitimacy
6.9.2024
In some cases, celebrity backing for a crypto project is a red flag because it’s a scam ad made by criminals.
X complies with EU data laws, stops AI chatbot data collection
6.9.2024
X resolves its legal battle with the European Data Protection Commission by agreeing to halt AI data collection practices and erase user data, safeguarding privacy rights in the EU and EEA
US prosecutors allegedly link ex-FTX exec to Chinese bribery scandal
5.9.2024
Notes from a 2023 conference call between Assistant US Attorneys revealed allegations against Ryan Salame tied to Alameda Research’s bribery scheme in China.
Getting paid in crypto: Dubai court ruling shows increasing acceptance
5.9.2024
Crypto salaries are becoming more common, especially in countries with prevalent economic incentives like inflation.