Parties in the Celsius bankruptcy proceedings are beginning to hash out a process for a possible auction of the company’s assets. Those assets remain in flux as crypto custodian Prime Trust agre...
Tag: Legal
Ripple Says SEC Was Unable To Establish A Legal Theory to Support Its Claims That XRP Is A Security
– Advertisement – Ripple officially files its opposition to SEC’s summary judgment motion. Leading blockchain company Ripple has filed its opposition to the SEC’s summary judgment motion....
The No-Nonsense Comprehensive Compelling Case For Why Lawyers Need To Know About AI And The Law
AI and the law is a vital upcoming profitable opportunity for lawyers, law firms, and law students. getty The gauntlet had been thrown. You see, I was the invited keynote speaker at a major legal indu...
Mango Markets exploiter said actions were ‘legal’
Mango Market’s exploiter Avraham Eisenberg could still face consequences It’s not likely that Eisenburg would be released from all liability On October 15, self-described digital art dealer Avraham Ei...
Coinbase supports Bitcoin in its legal battle against the SEC
Grayscale and the Securities & Exchange Commission (SEC) are now in a legal battle after the latter refused to approve the application for the Bitcoin ETF. According to claims by Grayscale, the la...
SEC vs BAYC? Here’s What Legal Experts Say It Means for NFTs
Last week, a sliver of news leaked from an unknown source sent the NFT world into uproar. An anonymous source tipped Bloomberg that the Securities and Exchange Commission is currently investigating w...
Ripple Files Legal Memo Against SEC
The long running legal tussle between the US Securities and Exchange Commission (SEC) and Ripple is currently in the Summary Judgement Phase. This event has led more firms are trying to get involved i...
Celsius Network to Pay Around $3M as Legal Fees
Celsius Network filed for bankruptcy under Chapter 11 of the bankruptcy rules. Chief Executive Officer and Founder of Celsius Network resigned in the last week of September 2022. Celsius Network was...
Ripple’s Legal Memo Faces Retaliation From SEC
The Ripple vs SEC lawsuit is nearing its 1st year anniversary. In December 2020, the US Securities and Exchange Commission (SEC) filed a lawsuit against Ripple founders for offering illegal securities...
UK Law Commission to review international laws on crypto to consider legal reforms
The Law Commission of England and Wales will set about reviewing private international legal challenges involving cryptocurrencies through a government-commissioned project. The review, launched on Oc...
CoinBase Users Took Legal Action Against the Company for Negligence
CoinBase users got scammed for about $21M from their wallets. Currently, Scammers are entering social media and dating platforms, Facebook, WhatsApp, and several others to forcefully convince users ...
Bankrupt Crypto Hedge Fund Three Arrows Capital Probed by SEC, CFTC for Possible Legal Violations – Bitcoin News
Reports indicate that the bankrupt crypto hedge fund Three Arrows Capital (3AC) is facing more trouble from liquidators and financial authorities from the U.S. Securities and Exchange Commission (SEC)...
UK Launches Global Crypto Law Review as it Considers Legal Reforms
The Ministry of Justice of the British Government has backed a project that will be undertaken by the Law Commission of England and Wales which seeks to understand how legal issues relating to crypto ...
Mango Markets exploiter said actions were ‘legal,’ but was it?
The $117 million Mango Markets exploiter has defended that their actions were “legal,” but a lawyer suggests that they could still face consequences. Self-described digital art dealer Avraham Eisenbe...
Celsius crypto lender charges more than $3M in legal fees
Join Our Telegram channel to stay up to date on breaking news coverage Bankrupt crypto lending company, Celsius, has been charged over $3 million in legal fees. The fees have been incurred as the lend...
Digital Currency To Soon Become Legal Tender In Macau
Macau is inching closer to the eventual adoption of a digital currency as it strives to develop a more comprehensive set of measures to prevent the flow of dirty money and tax evasion in the largest g...
Macau is planning to launch a digital currency as legal tender
Join Our Telegram channel to stay up to date on breaking news coverage The city of Macau is exploring having a digital currency as legal tender. Macau is a special administrative region in China and i...
Macau Discusses Bill That Proposes to Make Digital Currencies Legal Tender – Regulation Bitcoin News
Macau, one of China’s special administrative regions, recently concluded discussing a bill that seeks to make digital currencies legal tender, a report has said. The report also suggested that individ...
Celsius Network Charged Over $3M in Legal Fees
Beleaguered crypto lending platform Celsius Network has incurred more than $3 million in legal fees, according to a filing shared on Friday. The bankruptcy proceedings, which have been costly for Cel...
Mango Market exploiter says action was ‘legal’
Avraham Eisenberg stated that he was the brain behind the $114 million Mango Market exploit, adding that his actions were legal. Statement on recent events: I was involved with a team that operated a ...
Voyager Digital’s Creditors Oppose Against Proposal to Provide Executioners with Legal Immunity.
Voyager filed its bankruptcy at the beginning of the second quarter of 2022. FTX won the auction for Voyager digital and purchased it for $1.4 billion. Since the last few months, the crypto market ...
Kazakhstan to Establish Legal Framework for Crypto
The lower house of Kazakhstan’s parliament has passed five bills relating to digital assets as the government attempts to increase its grip on cryptocurrencies with a particular focus on mining. Per a...
Ripple’s Legal Troubles and XRP’s Rally
The SEC and Ripple Labs agreed to forgo a trial, opting for a summary judgment that could come before the end of the year XRP is up more than 8,000% since its issuance but down 75% from its April 2021...
Voyager Digital’s Creditors Push Back Against Plans to Provide Execs With Legal Immunity
Attorneys for the UCC describe a “Hobson’s choice” for Voyager’s creditors: to either support the sale agreement as-is and have a chance at getting their money back faster while allowing Voyager’s exe...
TRON Gets Legal Tender in The Commonwealth of Dominica
All TRON cryptos including TRX, BTT, JST, NFT, USDD, USDT, and TUSD are granted statutory status as authorized digital currency and medium of exchange in Dominica effective on October 7th 2022. Tron, ...
AI Ethics And AI Law Weighing Key Ways To Implement That Recently Released AI Bill Of Rights Including And Astonishingly By Using AI Outrightly
We need to think mindfully about how to implement that newly released AI Bill of Rights. getty There is little doubt that we need blueprints in our daily lives. If you are going to build that long-env...
Grayscale Investments Makes Move Against SEC, Files Opening Legal Brief in ETF Rejection Lawsuit
Crypto asset manager Grayscale is making a legal move against the U.S. Securities and Exchange Commission (SEC), alleging that the SEC is showing bias towards bids for a Bitcoin (BTC) exchange-traded ...
TRON becomes legal tender in Dominica
Leading blockchain network Tron has inked an agreement with the government of Dominica to make Tron-native tokens authorized digital currency in the Caribbean Island. Tron founder Justin Sun shared th...
Dominica Makes TRON (TRX) Country’s Official Legal Tender
– Advertisement – Tron Becomes the Official Issuer of Dominica Coin (DMC), As TRX, USDD, and Others Become the Country’s Official Legal Tender. Tron has been appointed as official Dominica...