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US Arrests Two Suspects in Bitfinex Bitcoin Hack, Seize USD 3.6B in Crypto
8.2.2022
Two individuals were arrested this morning in Manhattan for an alleged conspiracy to launder cryptocurrency that was stolen during the 2016 hack of Bitfinex, presently valued at approximately USD 4.5bn, the US Department of Justice said.
According to them, thus far, law enforcement has seized...
OpenSea once again delists CryptoPunks v1 as legal battle heats up
8.2.2022
Many users bought Punks' NFTs on the basis that there were only going to be 10,000 of them, not potentially 20,000
No precedent: IRS court settlement doesn't clarify crypto staking taxes
8.2.2022
There is yet to be a conclusive court ruling regarding the taxation of staked crypto rewards; however, a recent case demonstrates industry progression
XRP Rallies as New Court Orders Offers Hope that Ripple Case May Soon End
8.2.2022
XRP, the coin affiliated with the US-based fintech firm Ripple, extended a week-long rally in the market today that started after a judge in an ongoing court battle between Ripple and the US Securities and Exchange Commission (SEC) issued orders that were seen as positive for Ripple....
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A DAO Created to Free Julian Assange Has Raised $7.5 Million in Ethereum
5.2.2022
A group of cypherpunks recently initiated a decentralized autonomous organization (DAO) in order to try and free the incarcerated Wikileaks founder and activist Julian Assange. So far, the DAO has raised $7.5 million in ether and the funds will be used to help with Assange’s legal fees...
Belarus Moves to Allow Investment Funds to Acquire Crypto Assets
5.2.2022
The crypto-friendly nation of Belarus is preparing to permit investment funds to put money into digital currencies. A proposal to do so is part of a package of necessary legal changes tailored to attract such institutions to the country. Finance Ministry Takes Steps to Facilitate Crypto Investments...
Japanese Police Deletes its Warning about Crypto Mining after Losing Moner Case
5.2.2022
The long-running Monero (XMR) mining saga that pitted Japanese web developers against the police over the matter of crypto mining software may have come to a close last month, but the police force appears to have added an intriguing coda – by removing its public warning about the dangers...
The Metaverse: Three Legal Issues We Need to Address
4.2.2022
Pin Lean Lau, Lecturer in Bio-Law, Brunel Law School | Centre for Artificial Intelligence: Social & Digital Innovations, Brunel University London._____
The “metaverse” seems to be the latest buzzword in tech. In general terms, the metaverse can be viewed as a form of cyberspace. Like...
DAO Raises USD 4.6M for the ‘Liberation of Julian Assange’
4.2.2022
A novel decentralized autonomous organization (DAO) dubbed AssangeDAO is already raising millions to bid on a non-fungible token (NFT) and help WikiLeaks founder Julian Assange in his legal effort to get free.
So far, the DAO has raised ETH 1,623 (USD 4.6m)....
Read More: DAO Raises USD 4.6M...
Nike Asks NY Court to Block Reseller StockX from Selling NFTs of its Shoes
4.2.2022
Nike has filed a civil case in the United States against the Detroit-based online fashion resale platform StockX, claiming that the latter uses unauthorized images of its footwear in non-fungible token (NFT) offerings.
In a 50-page complaint submitted to the New York Southern District Court...
NFT battles: Nike takes seller of unlicensed NFT sneakers to the court
4.2.2022
StockX is an online reseller estimated to be worth $3.8 billion, and NFT sneakers in dispute are still online
USD 150M Bet On 'Extending' Bitcoin, Miners Help Texas, Proof-of-Kraken, NFT Investments + More News
3.2.2022
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: USD 150M Bet On 'Extending' Bitcoin, Miners Help Texas, Proof-of-Kraken, NFT Investments + More News
Reports That IRS Won’t Tax Staking Rewards Create Legal Confusion in US; UK Taxman Updates Its Own Guidance
3.2.2022
Legal confusion has broken out in the United States after media outlets reported on a legal case whereby the Internal Revenue Service (IRS), the United States tax body, is allegedly set to refund a couple’s tezos (XTZ) crypto staking tax bill. But one prominent lawyer says the reporting around...
Bitcoin, Ether, and NFTs will 'never become legal tender' in India, says Finance Secretary
2.2.2022
"You can buy gold, diamond, crypto, but that will have not have the value authorization by government," said T.V. Somanathan
India Confirms ‘It’s Not Illegal to Buy or Sell Crypto’ — Government Will Consult Widely on Crypto Regulation
2.2.2022
India’s finance secretary has confirmed that it is not illegal to buy or sell crypto assets in India. Regarding cryptocurrency regulation, “the government’s approach is to consult widely and also to look at what’s happening internationally,” he explained. Crypto...
El Salvador Rejects IMF Call to Abandon Bitcoin as Legal Tender
2.2.2022
El Salvador has rejected the recommendation by the International Monetary Fund (IMF) to drop bitcoin as legal tender. The country’s finance minister reportedly “angrily” said, “No international organization is going to make us do anything, anything at all.”...
Central Bank of Jordan Exploring the Possibility of Launching a CBDC
1.2.2022
The governor of the Central Bank of Jordan recently said his institution is studying the possibility of launching a legal digital currency, one that will be linked with its national currency. He also suggested that cryptocurrency trading might eventually be allowed in Jordan once the necessary...
Men Who Spiked a Crypto YouTuber’s Coffee to Steal Coins Sent to Jail for 3 Years
1.2.2022
Two South Korean YouTubers who robbed a fellow crypto broadcaster by spiking them with sleeping pills and stealing USD 660,000 worth of tokens, have been sentenced to three years behind bars – after a disagreement about sharing the profits of their social media behavior got out of hand....
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Blockchain is just a database without crypto, legal expert says
31.1.2022
Separating blockchain from crypto leaves all the exciting opportunities out, legal expert Elçin Karatay told Cointelegraph
IMF Tells El Salvador: Costs of Making Bitcoin Legal Tender Exceed Potential Benefits
30.1.2022
The International Monetary Fund (IMF) has told El Salvador that the costs of implementing the country’s Bitcoin law, which makes the cryptocurrency legal tender, exceed the potential benefits. The IMF has also urged El Salvador to dissolve the “Fidebitcoin” trust fund and start...