The US Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) on July 21 brought parallel criminal and civil actions against a former Coinbase employee, his brother and his frien...
Tag: Legal
CFTC commissioners speak up after SEC files crypto insider trading case
Members of the Commodity Futures Trading Commission (CFTC) stressed the need for more regulatory collaboration after the Securities and Exchange Commission (SEC) lodged a digital assets insider tradin...
Ripple Leads Other Altcoins As XRP On-Chain Metrics Tap Levels Only Seen Before Legal Battle With The SEC
– Advertisement – Ripple (XRP) continues its run of impressive weekend stats. Santiment Feed, in a tweet on Saturday, reveals that XRP has been outperforming other altcoins lately in ter...
Bank Indonesia Prepares to Issue Digital Rupiah as Legal Tender for Digital Payments – Finance Bitcoin News
The central bank of Indonesia is working to issue a wholesale digital rupiah. The new currency is meant to be the only legal tender for digital transactions in the country while the regulator also wan...
SEC Will Need to Prove Tokens Are Securities in Coinbase Insider-Trading Case, Legal Expert Says
The SEC’s charges followed a complaint issued by the DOJ, alleging that Ishan Wahi, a former product manager at Coinbase, engaged in wire fraud and conspiracy to commit wire fraud. The charges allege ...
Grayscale CLO says firm is “laser focused” on SEC ETF rejection case
Grayscale Chief Legal Officer Craig Salm says the firm and its counsel are “laser-focused” in writing their brief to present to the appellate court in their case against the US Securities ...
Dogecoin Emerges A Top Gainer Despite Musk Vs. Twitter Legal Hassle
DOGE Price at the time of writing – $0.06822 A Robinhood may have transferred about 3.2 billion DOGE to its cold storage 22% more has been added to DOGE prices over the past 30 days The cost of Dogeco...
US federal agency issues legal advisory on NFT investments
The United States Office of Government Ethics (OGE) issued a legal advisory recommending various instances when senior government officials are required to disclose their investments in nonfungible to...
Dogecoin Emerges A Top Gainer Despite Musk Vs. Twitter Legal Tussle
The price of Dogecoin (DOGE) has been yipping higher across cryptocurrency exchanges, nibbling at an intraday high of $0.07657 for an increase of 11% over the previous day and a 23% spike over the pre...
Legal Expert Slams SEC Bid To Revoke XRP Holders’ Amici Status In High-Profile Ripple Case ⋆ ZyCrypto
Advertisement     The drawn-out litigation between the United States Securities and Exchange Commission (SEC) and the distributed ledger technology company, Ripple, co...
Celsius first-day bankruptcy proceedings address the interim before a reorganization
Crypto lender Celsius’s Chapter 11 bankruptcy proceedings are officially underway as counsel argued for a number of interim motions during first-day proceedings. Chapter 11 proceedings allow a b...
Compliance and legal staff among crypto job cut-backs
As some of the largest crypto companies cut back on their staff during the current crypto winter, there is still demand for staff specialised in legal and compliance skills. With the regulatory enviro...
Celsius legal team throws investors under the bus
It is yet another bitter day for the cryptocurrency industry. The attorneys for the failed crypto lender Celsius claimed that user money belonged to the business, not the customer. According to the ba...
Celsius lawyers claim users gave up legal rights to their crypto
Celsius’s 1.7 million registered users across over 100 countries gave up title to the crypto they deposited into Earn and Borrow accounts, according to the firm’s lawyers. At the first bankruptcy hear...
Celsius Legal Team Argues That Customers Signed Over Their Crypto
After about a month of hemming and hawing, Celsius Network recently filed for Chapter 11 bankruptcy protection. In the month leading up to the pretense dropping, customers’ access to their funds was c...
Crypto lender Genesis lent $2.36 billion to Three Arrows Capital
Genesis Asia Pacific Pte Ltd, a division of the crypto lender owned by Digital Currency Group, lent $2.36 billion to collapsed hedge fund Three Arrows Capital (3AC). Earlier reports have stated that...
If You Loved ‘The Lincoln Lawyer’ Here Are 3 Legal Dramas To Binge
Manuel Garcia-Rulfo and Jazz Raycole in ‘The Lincoln Lawyer.’ PHOTO BY LARA SOLANKI/NETFLIX. NetflixNFLX hit gold with its series, The Lincoln Lawyer. The legal drama’s perfect mix of myst...
3M Earplugs Fight Stems From Self-Made Legal Battle
A long-running legal battle over allegedly defective earplugs made by 3M arose after the company initiated a separate dispute against a smaller competitor, court documents showed. 3M’s effort to prote...
Ripple’s CEO Discloses to Spend over $100m Fighting Legal Battle with SEC
Brad Garlinghouse, the CEO of Ripple, has disclosed the cost implications of its legal battle with the US Securities and Exchange Commission (SEC). In a recent interview, Garlinghouse disclosed that R...
Central African Republic: first to recognize bitcoin as legal money
In April, the Central African Republic, which has limited access to power and the internet, became the first African government to recognize bitcoin as legal cash, raising questions among many cryptoc...
Woman charged in $4.5 billion Bitfinex case cleared to seek new job: Bloomberg
Heather Morgan, who was charged along with her husband in February of conspiring to launder $4.5 billion worth of bitcoin stolen from the Bitfinex crypto exchange, was granted permission by a judge to...
South African Crypto Investors and Service Providers Told of Legal and Tax Implications of Central Bank’s Plan – Regulation Bitcoin News
South African tax consultancy firm Tax Consulting SA, has said the recent announcement by the central bank — that will start to regulate cryptocurrency in 12 to 18 months — has legal and tax implicati...
Court sides with SEC in ICO promotion case against former McAfee assistant
The US Securities and Exchange Commission (SEC) on July 14 obtained a final consent judgment against John McAfee’s former assistant Jimmy Gale Watson, Jr., for his alleged role in McAfee’s...
3AC liquidators petition Singapore court to recognize BVI proceedings: Straits Times
Three Arrows Capital’s (3AC) liquidators are in the process of asking the Singapore legal system to recognize its British Virgin Islands (BVI) liquidation proceedings, according to a report toda...
Ripple has spent ‘over $100 million on legal fees fighting SEC’, the CEO says
The Chief Executive Officer of Ripple (XRP), Brad Garlinghouse, has acknowledged the financial cost of the company’s engagement in a lawsuit with the Securities and Exchange Commission (SEC). Garling...
Twitter v. Musk; Legal Battle Begins, Who Has The Upper Hand?
Elon Musk’s lawyers on Friday filed a motion with the Delaware Chancery Court, marking Twitter’s motion to expedite the proceedings as an “unjustifiable request”. Tesla CEO Elon Musk claims the reques...
In A Fight For Crypto Industry Ripple CEO Highlights Company To Spend Over $100 Million in Legal Fees Fighting SEC
– Advertisement – Ripple CEO Highlights Cost of Fighting the SEC, Says Company Will Spend Over $100 Million in Legal Fees. Brad Garlinghouse, CEO of Ripple, has disclosed the financial c...
Celsius bankruptcy documents claim $1.2 billion balance sheet gap
Beleaguered crypto lender Celsius has claimed a $1.2 billion hole in its balance sheet, according to new documents filed as part of its newly declared Chapter 11 bankruptcy in New York. Chapter 11 ban...
Crypto lender Celsius to declare Chapter 11 bankruptcy: CNBC
Crypto lender Celsius is preparing to file for Chapter 11 bankruptcy, CNBC reported Wednesday. The outlet reported that Celsius has begun informing state regulators, who have been investigating the ac...
Crypto lender Celsius declares Chapter 11 bankruptcy in New York
Crypto lender Celsius has declared Chapter 11 bankruptcy, court filings show. The firm declared assets between $1 billion and $10 billion, with an equal amount in estimated liabilities, according to t...
Is Crash Gambling Legit – Play Legal and Licensed Crash Games ?
Crash gambling is taking the crypto community by storm, and the popularity of innovative Bitcoin crash game continues to rise. It’s very easy to crash gamble, even if you’re a complete beginner. If yo...