When the subject is cryptocurrencies, bitcoin usually dominates. The most popular of the digital currencies has often been confused by the general public as the one representing the entire cryptocurr...
Tag: Law
FTX Paid $12M Retainer to Law Firm Before Bankruptcy Filing
Before filing for bankruptcy, FTX paid its lead lawyers over $12 million to oversee the earliest parts of its Chapter 11 bankruptcy proceedings. According to court filings, the now-bankrupt cryptocurr...
Law Enforcement in Italy and Albania Clamp Down on Alleged Crypto Scam
A joint task force from Italy and Albania recently busted a suspected crypto investment scam involving millions of dollars. Law enforcement authorities in Albania and Italy have uncovered a 15 millio...
Brazil Brings Law Ensuring Bitcoin (BTC) Payment
Cryptocurrencies are getting widely adopted and used for payments and investment purposes worldwide. This makes the moral responsibilities for the respective countries to regulate the market in the re...
EU Law Enforcement Reveal an Online Crypto Investment Fraud
On Dec. 19 2022, European Union Agency for Criminal Justice Cooperation, noted in its press releases that “With the support of Eurojust, authorities in Italy and Albania have dismantled an online inve...
“I knew What I Was Doing Was Wrong,” Says FTX Co-Founder
The situation is getting worse for Sam Bankman-Fried, whose crypto empire went bankrupt just days after being at the center of the crypto sphere. The regulators, who are trying to piece together what...
FTX paid $12M retainer to a New York law firm before bankruptcy filing
Defunct crypto exchange FTX paid a retainer of $12 million to bankruptcy lawyers as security for payment of its fees and expenses amid Chapter 11 bankruptcy proceedings, shows a court filing dated Dec...
Judge pulls out of SBF-FTX case citing husband’s law firm’s advisory link
The ongoing legal proceedings around former FTX CEO Sam Bankman-Fried (SBF) took a new turn as District Judge Ronnie Abrams withdrew her participation from the case. The United States District Court f...
These 23 companies got $50 billion in tax breaks due to a Trump tax law
The government spending bill that was just passed through the Senate and awaits approval from Congress is estimated to total nearly $1.7 trillion. While it will fund a variety of initiatives like aid ...
Brazil Signs Crypto Regulations into Law
Brazil’s outgoing president, Jair Bolsonaro, has signed a bill that will legalize the use of cryptocurrencies as a payment method in the country. Jair Bolsonaro, the president of Brazil who is set to ...
Brazil: signed the crypto law
Brazil’s President Jair Bolsonaro has signed the crypto bill into law, officially recognizing them as a legal payment method in the country. Brazil: president approves law on crypto regulation Jair ...
Brazilian President Finally Signed The Crypto Bill Into Law
The President of Brazil, Jair Bolsonaro, has just signed the crypto regulation bill into law. This will ensure a regulated framework within which cryptocurrencies will operate. It now concludes the re...
The Secure Act Will Change Retirement Policy. 6 Big Changes That Will Soon Become Law.
Now that the Senate has passed a sweeping spending bill to fund the federal government into next year and avert a shutdown, advisors are cheering a major overhaul of the rules around retirement saving...
President of Brazil Sanctions Cryptocurrency Law – Regulation Bitcoin News
President Jair Bolsonaro has approved law 14.478, which regulates cryptocurrency-related operations and virtual asset service providers (VASPs) in Brazil. The document, approved on the last day of the...
OpenSea block artists and collectors from Cuba citing US sanctions law
NFT marketplace OpenSea is delisting artist and collector accounts from Cuba to comply with US sanctions law. OpenSea has blocked Cuban artists and collectors According to reports, OpenSea has deliste...
Brazil’s President Bolsonaro Signs Crypto Regulations Into Law
38 mins ago | 2 mins read Bitcoin News The new law establishes a crime of fraud involving virtual assets, with a penalty. It also creates a “virtual service provider” license . Brazil’s President Ja...
Brazilian president signs crypto bill into law
Jair Bolsonaro, the president of Brazil set to leave office on Dec. 31, has signed a bill aimed at legalizing the use of crypto as a payment method within the country. In a Dec. 22 publication of the ...
Brazil’s Crypto Payments Legislation Signed Into Law by President Bolsonaro
The President of Brazil, Jair Bolsonaro, is signing new legislation to regulate the use of crypto assets in his country. According to a recent government memo, the Brazilian President is signing a bil...
Third parties could return FTX funds directly to customers: Law firm
More than one million creditors of failed crypto exchange FTX have been waiting to be made whole since before the firm’s bankruptcy filing on Nov. 11, but according to one expert, recipients of donati...
Marshall Islands passes law recognizing DAOs as legal entities
The Republic of the Marshall Islands (RMI) announced on Dec. 22 that it had enacted the Decentralized Autonomous Organizations Act of 2022. The law formally recognizes DAOs and allows legal entities r...
FTX Creditors Hire Law Firm Paul Hastings as Representation
“They can be contacted,” said Sarkessian, a U.S Department of Justice (DoJ) official charged with overseeing bankruptcy cases, of the lawyers that were yet to be appointed. “They do ...
Brazil’s cryptocurrency regulation set to become law at midnight
Cryptocurrency regulation in Brazil is poised to become law at midnight local time. The bill, which was approved by the Chamber of Deputies two weeks ago, aims to regulate providers of virtual a...
Pointedly Asking Generative AI ChatGPT About Whether Santa Claus Is Real Proves To Be Eye-Opening, Including For AI Ethics And AI Law
Asking generative AI ChatGPT about whether Santa Claus is real provides insights about today’s AI, … [+] including facets entailing AI Ethics and AI Law. getty The holiday season is here. ...
Nigerian Lawmakers Set to Pass Law That Diminishes Central Bank Influence on Crypto – Regulation Bitcoin News
Nigeria is expected to designate cryptocurrency as capital for investment if the country’s House of Representatives votes to approve a bill that seeks to amend the Investments and Securities Act of 20...
Nigeria Passes Bitcoin And Cryptocurrency Law
A little more than a year after its introduction in October 2021, Nigeria’s eNaira has only managed to get an adoption rate of 0.5%. The legislation that is set to be passed comes as a result of...
Enraged Worries That Generative AI ChatGPT Spurs Students To Vastly Cheat When Writing Essays, Spawns Spellbound Attention For AI Ethics And AI Law
What will generative AI such as ChatGPT do to our schools, our teachers, our students, and the … [+] future of writing? A monumental question to be addressed. getty Is the written essay by moder...
Huge Blow For Crypto: Binance, Crypto.com Dropped By Their Auditor
The poison of suspicion is continuing to spread in the crypto sphere. This poison, disseminated by the overnight implosion of Sam Bankman-Fried’s crypto empire on Nov. 11, is infecting most com...
‘Big Short’ Burry Says Crypto Has a Problem Similar to the Subprime Crisis
Since the unexpected bankruptcy of the FTX cryptocurrency exchange on Nov. 11, the crypto space has been trying to play the game of transparency. The firm collapsed in a few days in the face of massi...
12 Ways Chat GPT Will Change U.S. Immigration Law Forever
Chat CPT is a new technology that could change our world. It holds great promise to make our lives … [+] better. U.S. immigration is one field where it can be applied. getty On November 30th, 20...
The Year DAOs Follow the Law?
2022, however, flipped this script. Today, DAOs have the option to engage with authorities and legal systems, and several jurisdictions now recognize the newest evolution of human organization. Wyomin...
After FTX, Are Binance’s Days Numbered?
The poison of suspicion is terrible in the cryptocurrency industry. A month after the overnight implosion of the crypto empire of Sam Bankman-Fried, 30, it is another lord of the crypto sphere who is...