White shoe law firm Sullivan & Cromwell can represent FTX debtors in the trouble exchange’s bankruptcy case, a Delaware bankruptcy court judge ruled. “There’s no evidence of any actual confl...
Tag: Law
FTX Collapse Claims Big Victim: Genesis Goes Bankrupt
Another renowned crypto firm is down. The fall of Sam Bankman-Fried’s crypto empire continues to wreak havoc on the cryptocurrency industry. Crypto lender Genesis Global Holdco LLC filed for b...
Those Schools Banning Access To Generative AI ChatGPT Are Not Going To Move The Needle And Are Missing The Boat, Says AI Ethics And AI Law
Attempts to ban generative AI such as ChatGPT are not all they are cracked up to be. getty To ban, or not to ban, that is the question. I would guess that if Shakespeare were around nowadays, he might...
Orrick, Buckley Combine To Form Financial Services & Fintech Law Powerhouse
SAN FRANCISCO & WASHINGTON–(BUSINESS WIRE)–Orrick, Herrington & Sutcliffe LLP / Buckley: Orrick and Buckley jointly announced the strategic combination, which responds to growing demand from t...
Law firm Sullivan & Cromwell to face scrutiny in FTX bankruptcy hearing Friday
Sam Bankman-Fried used to work out of Sullivan & Cromwell’s office in New York City. Now, the law firm is facing scrutiny over whether it can investigate FTX, the disgraced former billionaire’s cr...
SEC violates privacy law while investigating dubious crypto firm Green
Crypto miners involved in dubious crypto startup Green say they’re easier targets for hackers, after their personal data was unintentionally leaked by the Securities and Exchange Commission (SEC). The...
FTX defends move to appoint law firm Sullivan & Cromwell as advisor
Bankrupt crypto exchange FTX filed a Jan. 17 response — authored by Sullivan & Cromwell (S&C) lawyers — to the objections surrounding its retention of the law firm as an advisor. FTX said the ...
Crypto Law Expert Perfectly Explains Why SEC’s Chances Of Defeating Ripple Are Slim ⋆ ZyCrypto
Advertisement     More than two years have passed since the U.S Securities and Exchange Commission (SEC) sued San Francisco-based blockchain payments firm Ripple, thro...
Does Exposing And Logging Those Generative AI ChatGPT Erroneous And Hallucinatory Outputs Do Any Good, Asks AI Ethics And AI Law
There are errors and falsehoods being produced by generative AI ChatGPT, and some believe we should … [+] be keeping a list. getty You are in for a secret. Yes, there’s something surreptitiously...
US tax law firm wants to help crypto users
The law office of David W. Klasing has urged crypto market participants who haven’t been filing taxes to come forward and seek assistance before the IRS and the Department of Justice clamp down. David...
Report: Nigeria Debt Management Office’s $48.8 Billion Debt Contravenes the Law Says Expert
– Advertisement – The Nigerian Debt Management Office (DMO) contravened the law when its borrowings exceeded the set limit which is equivalent to $2.2 billion, Adetilewa Adebajo, an intern...
Nigeria Debt Management Office’s $48.8 Billion Debt Contravenes the Law Says Expert – Economics Bitcoin News
The Nigerian Debt Management Office (DMO) contravened the law when its borrowings exceeded the set limit which is equivalent to $2.2 billion, Adetilewa Adebajo, an international financial markets expe...
FTX Collapse: Bankman-Fried Takes On a Powerful Law Firm
Sam Bankman-Fried faces a series of criminal and civil charges, including alleged fraud. The trial of the disgraced founder of cryptocurrency exchange FTX and its sister company Alameda Research, a he...
FTX investigation proposed Law Firm rejected
The US Department of Justice has rejected FTX’s hiring of Sullivan & Cromwell, the law firm now in charge of the exchange’s inquiry because of potential conflicts of interest. The US T...
El Salvador Approves Digital Assets Issuance Law – Regulation Bitcoin News
The Legislative Assembly of El Salvador approved the Digital Assets Issuance Law, a framework that will allow the country to issue crypto-related debt instruments. The approved law, which was passed t...
Lawyer explains new federal virtual asset law in the United Arab Emirates
The United Arab Emirates (UAE) has passed a new law that governs virtual assets, setting up the country’s initial regulatory regime for the cryptocurrency space at the federal level. Before the...
UAE’s new virtual assets law puts it on global investor’s radar
The UAE is poised to emerge as the first choice for global companies in the digital asset industry for their global expansion, following the Gulf country approving a new regulation to govern virtual a...
New Law Could Wreck Every Industry In The Nation
Here’s a battle with national consequences. Last year California enacted a sweeping law that amounts to a virtual takeover of most of the state’s fast-food industry. A new, ten member council would ha...
Crypto lender Nexo raided by law enforcement in Bulgaria
Crypto lender Nexo saw its offices in Bulgaria raided by police officers in what is reportedly part of an investigation into the cryptocurrency firm. Reports indicate that Bulgarian authorities are lo...
Coinbase Confirms End of an Era
The horizon is uncertain for Coinbase. The cryptocurrency exchange is still unable to get out of the bad patch that the cryptocurrency sector has been going through for a year. The cryptocurrency ma...
Silvergate Faces Another Securities Law Class-Action Suit
On January 10, a class-action lawsuit was brought against Silvergate Capital, which is the parent corporation of Silvergate Bank and the operator of the Silvergate Exchange Network. The lawsuit was fi...
Argentina’s Proposed Crypto Disclosure Law Promotes Disclosure
The Ministry of Economy in Argentina, which is in charge of managing the economic policy of the country, has enacted a law to encourage Argentines to register their bitcoin holdings by offering an inc...
El Salvador’s Crypto Law Allows Bitcoin-Backed Bonds
El Salvador has recently passed historic legislation that will provide the legal basis for a Bitcoin-backed bond to be issued in the country. This bond, also known as the “Volcano Bond,” w...
Brazilian Cryptocurrency Law Likely to Be Reviewed by Lula’s Government – Regulation Bitcoin News
The recently approved Brazilian cryptocurrency law will likely be reviewed and revised by the newly inaugurated government of Luis Inacio “Lula” Da Silva. According to statements made by the former ra...
Coinbase Strikes a Massive Blow to Bankman-Fried and FTX
Coinbase Chief Executive Brian Armstrong does not mince words. Nearly two months after rival Sam Bankman-Fried’s empire went bankrupt, he’s just delivered a massive blow to what until rec...
El Salvador one step closer to bitcoin bonds after law passage
El Salvador’s Legislative Assembly approved a law on the issuance of digital assets, paving the way for bitcoin bonds that have been championed by President Nayib Bukele. The new law estab...
Supreme Court Keeps New York’s Updated Gun Control Law In Effect—At Least For Now
Topline The Supreme Court left New York’s updated concealed carry law, which prohibits firearms from being carried in “sensitive locations,” in effect on Wednesday as legal challenges against it move ...
FTX Collapse: Dispute Between Billionaires Winklevoss, Silbert Escalates
FTX’s bankruptcy filing has reverberated again through the crypto space, and in a big way. Cameron Winklevoss, co-founder of the Gemini cryptocurrency exchange, has accused billionaire Barry Sil...
Former FTX Director of Engineering Under Scrutiny by US Law Enforcement, Alleged Proffer Sessions Held With Prosecutors in New York – Bitcoin News
U.S. law enforcement officials are reportedly scrutinizing Nishad Singh, the former director of engineering at FTX, according to a report citing people familiar with the matter. Another report, publis...
NY law firm investigates potential ‘securities fraud’ at Core Scientific
A New York-based law firm says it has begun an investigation into whether Bitcoin miner Core Scientific and its leadership potentially engaged in “securities fraud and other unlawful business practice...
Senators voice concerns over law firm’s role in FTX bankruptcy
Four lawmakers lambasted a prominent law firm’s role in FTX’s bankruptcy proceedings and called for an independent examiner to oversee the investigation into the crypto exchange’s collapse. Sen...