Arizona state Senator Wendy Rogers has reintroduced a set of bills aimed at making Bitcoin (BTC) legal tender and allowing state agencies to accept the digital currency as a form of payment. If passe...
Tag: Legal
TRON becomes legal tender in this country: Here’s how TRX will be affected
St. Maarten announced plans to adopt TRON as a legal tender. TRX’s price reacted positively and so did the metrics. TRON [TRX] reached another milestone on 24 January, taking another step towards th...
Binance Reportedly Eliminates DCG’s TWAP Trades Citing Legal Risks
The world’s largest crypto exchange Binance has reportedly eliminated Barry Silbert’s Digital Currency Group’s (DCG) ability to make time-weighted average price (TWAP) trades. The potential reasons be...
Blockchain.com’s Chief Compliance Officer joins crypto exchange Kraken
Crypto exchange giant Kraken has hired C.J. Rinaldi as its chief compliance officer. Rinaldi joins Kraken after working at the crypto services firm Blockchain.com as its chief compliance office...
Wormhole exploiter converts $150 million in ETH to staked assets and levers up
Following days of inactivity, the address associated with the theft of $323 million worth of ETH from the cross-chain protocol Wormhole began shuffling assets, Etherscan records show. News of th...
Securities and Exchange Commission’s ‘regulation by enforcement’ is stalling crypto, Grayscale CEO says in WSJ
Grayscale Investments CEO Michael Sonnenshein bashed the Securities and Exchange Commission’s “one-dimensional approach of regulation by enforcement” in a letter to the Wall Street Journal. “Th...
Coinbase CEO urges Bitcoin legal tender for Brazil, Argentina — Reaction
As Brazil and Argentina started preparatory work for a potential common currency, Coinbase CEO Brian Armstrong floated the idea of the two countries moving to Bitcoin (BTC), sparking various discussio...
How Transformative Will Generative AI And Other Tools Be For The Legal Industry?
Lady justice on digital background (Concept of artificial intelligence lawyer) getty As the legal industry continues to evolve at a rapid pace, it’s becoming increasingly clear that generative A...
Central African Republic Working on Legal Framework For Cryptocurrencies
4 hours ago | 2 mins read Bitcoin News CAR’s various ministries have all contributed 15 experts to the committee. Nigerian crypto exchange Roqqu has received a virtual currency license EEA. A 15-perso...
Central African Republic eyes legal framework for crypto adoption
Central African Republic (CAR), a developing country in Central Africa, set up a 15-member committee responsible for drafting a bill on the use of cryptocurrencies and tokenization in the region. Acco...
Gemini’s Cameron Winklevoss Threatens Legal Action Against DCG CEO After Genesis Bankruptcy Filing
But things went south in November when Genesis suspended redemptions and new loan originations after making a series of bad loans to crypto firms Three Arrows Capital and FTX, both of which later woun...
As Legal Fees Stack High, SBF Turns to Substack ⋆ ZyCrypto
Advertisement     “I didn’t realise it would ask for contributions”, Sam Bankman-Fried responded as a Twitter user (@Compound248) pointed out the paywall to the embatt...
Nothing Outlaws Crypto in India if Legal Procedures Are Followed, Says Government Official – Regulation Bitcoin News
An Indian government official says that there is currently nothing that outlaws crypto in India “as long as you follow the legal process.” Meanwhile, the country’s central bank, the Reserve Bank of In...
Former FTX chief lawyer claims US legal counsel channeled business to S&C
A former chief lawyer for FTX has accused the company’s U.S. general counsel of channeling business to Sullivan & Cromwell (S&C), the firm currently serving FTX as bankruptcy counsel. Daniel F...
Nearly $700 million of Bankman-Fried’s assets seized by Feds: CNBC
Federal prosecutors this Friday took $697 million worth of cash and assets primarily made up of Robinhood shares from former FTX CEO and founder Sam Bankman-Fried, court documents show. Prosecu...
SEC charges Avraham Eisenberg for $116 million Mango Markets exploit
The U.S. Securities and Exchange Commission charged Avraham Eisenberg, who is known as Mango Avi, with orchestrating an attack on Mango Markets and draining $116 million from the crypto trading platfo...
Bed Bath weighs bankruptcy filing in New Jersey, beefs up legal team
A “Store Closing” banner on a Bed Bath & Beyond store in Farmingdale, New York, on Friday, Jan. 6, 2023. Johnny Milano | Bloomberg | Getty Images Bed Bath & Beyond is bulking up it...
Law firm Sullivan & Cromwell can represent FTX debtors, judge rules
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...
Genesis aims to move ‘quickly and efficiently’ to exit bankruptcy, interim CEO says
Genesis has a roadmap to exit bankruptcy and hopes to do so as “quickly and efficiently as possible,” interim CEO Derar Islim told clients this morning in a letter obtained by The Block. ...
Genesis Files Chapter 11 Bankruptcy as Winklevoss Threatens Legal Action
Genesis Trading declared bankruptcy after incurring catastrophic losses due to the broader crypto market collapse. The bankruptcy filing has identified $1.2 to $11 billion in total liabilities and 100...
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...
Looking to run a blockchain app in a US-regulated state? Maybe consider New Hampshire
New Hampshire is ramping up to play a leading role in blockchain technology following the release of a final report with recommendations to devote resources to establish legal regimes to attract innov...
EU Postpones Final Vote on MiCA Legislation Again Following Issues in Legal Document Translation
The EU deferred its final MiCA legislation vote for the second time in two months. The European Union (EU) has postponed the final vote on its Markets in Crypto Assets regulation (MiCA) until April th...
Bitzlato founder arrested for allegedly processing $700 million in illicit funds
The founder of cryptocurrency exchange Bitzlato was arrested and charged with processing $700 million in illicit funds, part of the Justice Department’s efforts to take down a “money laund...
Coinbase’s Chief Legal Officer Shades SEC, Deaton Responds
– Advertisement – Grewal faults the SEC’s claim that most crypto assets are securities. Coinbase’s chief legal officer Paul Grewal in a tweet today, threw a subliminal jab at the US Securi...
FTX bankruptcy debtors ditch the courtroom drama — for now
Lawyers for crumbling crypto exchange FTX and liquidators in the Bahamas have smoothed things over after a contentious courtroom brawl over who has jurisdiction in the failed company’s bankruptcy. &#...
FTX debtors identify $5.5 billion of liquid assets in ’Herculean effort’
Beleaguered crypto exchange FTX identified $5.5 billion in liquid assets in what CEO John Ray called a “Herculean effort” to assess the firm’s financial situation. FTX debtors have identified $1...
Legal expert says XRP doomsayers ‘are overstating the SEC’s chances’
As the conclusion of the widely-publicized lawsuit between the United States Securities and Exchange Commission (SEC) and Ripple Labs looks to be drawing near, one particular leading legal expert had ...
Nexo sues Cayman Islands regulator over rejected license
Crypto lending platform Nexo is suing the Cayman Islands regulator for denying the firm a virtual asset license. Nexo, which only last week saw its office in Bulgaria raided by 300 police and ha...