Bitcoin's Crypto Market Dominance Slides by Most in 13 Months as XRP Court Ruling Spurs 'Alt Season' Talk

Bitcoin's share of the crypto market tanked on Thursday while altcoins rallied after a U.S. court threw a spanner in the SEC's plans to regulate digital assets.

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Celsius granted court approval to convert altcoins into Bitcoin and Ethereum

Bankrupt crypto lender Celsius Network has been authorized by the bankruptcy court to sell all of its altcoins for Bitcoin (BTC) and Ethereum (ETH), effective tomorrow, July 1, as stated in a June 30 court filing.

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China’s Crypto Stance Takes A Hit As Shanghai’s Top Court Upholds Bitcoin As Property

A top court in Shangai, China’s biggest city and a global financial hub has upheld Bitcoin as property under Chinese laws, pitting the government against its own anti-crypto stance.

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Court Case Filed Against Turkey’s Ban on Bitcoin Payments

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Bitcoin Is Officially Money, Says U.S. Federal Court: Why It’s Not a Big Deal

In the United States, occasionally, court decisions set a precedent for future interpretations of the law. Due to such circumstances, Bitcoin just became officially considered “money” under a US federal court ruling.

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Russian court rules stolen Bitcoin cannot be returned to the owner

The court refused to force kidnappers, who stole $900,000 of Bitcoin from the victim,... The post Russian court rules stolen Bitcoin cannot be returned to the owner appeared first on Coin Journal.

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Bitcoin Cannot Be Protected by Chinese Law, Local Court Rules

A court in Fujian province has dismissed a lawsuit filed against a ‘Bitcoin club’, arguing that it does not fall under its jurisdiction

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Bitcoin Is a Digital Asset Says Intermediate People’s Court in China

A court dispute between an international couple and four Bitcoin robbers has come to an end.

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France Court Declares Bitcoin a Fungible Asset Like Money in a Crypto Ownership Dispute

Bitcoin has been declared a fungible intangible asset, which is an interchangeable good, in the Commercial Court of Nanterre, reported local media Les Echos. First, in France, the court decision allowed the legal nature of bitcoin, which was recently also declared a “Recognised Form of Investment,” by an Australian Judge in a Court Case Judgment. […]

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Can Bitcoin Win the Influence Game Against CBDCs?

Bitcoin faced an intriguing precedent when it was accepted by a New South Wales court as collateral. Bitcoin Accepted as Collateral in Court Case BTC can be used to serve a security function, pronounced Judge Judith Gibson of the New South Wales District Court.

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Israel’s Supreme Court Finally Rules in Favor of Bits of Gold Exchange

The long-standing court battle between Bits of Gold, one of Israel’s pioneer bitcoin trading venues and Bank Leumi, the nation’s second-largest lender, has finally come to an end as the Israeli Supreme Court has ruled in favor of the cryptocurrency exchange.

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Israeli Court Orders Bitcoiner to Pay Nearly $900,000 for Tax Evasion

The Israel Tax Authority has won a court case against Noam Copel, a Bitcoin investor and founder of a blockchain startup called DAV, who bought the cryptocurrency in 2011 and sold it in 2013 with a profit of NIS 8.

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Bitcoin Price Analysis: BTC Liquidity Takers, It’s All Over For QuadrigaCX

Bitcoin price ranging within a $155 zone QuadrigaCX is bankrupt Transactional volume low but set to increase as bull momentum pick up A Canadian crypto exchange, QuadrigaCX, has filed for credit protection asking the court to assign Ernst & Young Inc to overlook proceedings.

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Florida Judge Overturns Ruling, Puts Entrapped Bitcoin Trader on Trial for Felony

It’s a case that has dragged on for over three years, and one that is highly polarizing. A Florida bitcoin trader is set to stand trial by jury for felony charges after a judge overturned an earlier ruling.

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Bitcoin Qualifies as Money in Case of First Impression in Florida’s Third District Court of Appeal

On Wednesday, Florida’s Third District Court of Appeal ruled that Bitcoin qualifies as money in a case that turned on whether the digital currency is driving financial crime. According to a post by the Daily Business Review; “The appellate court’s opinion reverses Miami-Dade Circuit Court Judge Teresa Pooler’s 2016 finding that digital or cryptocurrency could not […] The post Bitcoin Qualifies as Money in Case of First Impression in Florida’s Third District Court of Appeal appeared first on ZyCrypto.

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South Korea Updates ICO Stance After 3-Month Investigation

The South Korean government has updated its stance on initial coin offerings (ICOs) as well as announced the results of its 3-month investigation of ICO activities carried out by Korean companies.

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Appeals Court in Florida Reverses Decision to Charge Trader for Selling Bitcoins

During a few months of 2014, Michell Espinoza sold Bitcoin to undercover agents related to the Miami Polic Department that was working with the US Secret Service. The individual did not know that he was selling he Bitcoin to these individuals.

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Florida Appeals Court Reinstates Felony Charges for Unregistered Bitcoin Sale

An appellate court in the U.S. state of Florida has reinstated felony charges against a man who allegedly sold Bitcoin to an undercover detective

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Florida Judge Overturns Ruling That Bitcoin Isn’t ‘Money’

A Florida appeals court has overturned a ruling that acquitted a Localbitcoins trader of money laundering and working as an unlicensed money transmitter. Bitcoin No Longer ‘Poker Chips’? As local news outlet Miami Herald reported January 30, Michell Espinoza, who sold bitcoin worth around $1350 to an undercover police detective in 2014, will now face a jury.

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Florida Appeals Court Defines Bitcoin as Money as Espinoza Ruling Reversed

In 2016, Judge Teresa Mary Pooler of the Eleventh Judicial Circuit of Florida made headlines for a ruling she made during the Michell Espinoza trial. Judge Pooler ruled Espinoza could not be charged with illegal money transmission offenses because bitcoin was not considered legal tender.

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Indian Government Invites Law Firm to Present Suggestions for Cryptocurrency Regulation

The Indian government has invited lawyers from Nishith Desai Associates to present their suggestions for the country’s crypto regulation. This is in response to the firm’s submission of a proposed regulatory framework for cryptocurrencies.

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Indian Government Invites Law Firm to Present Suggestions for Crypto Regulation

The Indian government has invited lawyers from Nishith Desai Associates to present their suggestions for the country’s crypto regulation. This is in response to the firm’s submission of a proposed regulatory framework for cryptocurrencies.

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Florida Appeals Court Overturns State v. Espinoza, Bitcoin May Be Money After All

In 2016, a Florida judge dismissed money laundering and illegal money transmission charges against a bitcoin trader, arguing that bitcoin wasn’t covered by state statutes. Today, an appeals court reversed that decision.

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Judge Orders BitGrail Founder to Reimburse Victims of 2018 Hack

On January 28, 2019, victims of the 2018 BitGrail hack announced that a court ruling has ordered the exchange to compensate them for the hack which led to the loss of over $195 million. Breaking the Bank On January 28, 2019, the BitGrail Victims Group (BGVG) made an announcement via Medium that a  decision hasRead MoreRead More.

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Canadian Startup Kik Plans to Fight a Legal Battle Against the SEC Over an ICO Case

Kik Interactive Inc. , a social media startup based in Waterloo, Ontario is planning to fight the Securities and Exchange Commission (SEC) in court. The startup’s 2017 initial coin offering is at the center of the controversy, as reported by the Wall Street Journal.

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Petitions to End RBI Crypto Banking Ban Advancing in India

A lawyer representing the Internet and Mobile Association of India in its writ petition against the RBI banking ban has shared new details of the progress to lift the ban with news. Bitcoin. com. The supreme court recognizes the urgency of hearing the RBI case without waiting for the Indian government to introduce crypto regulation.

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Italian Court Orders Bitgrail Founder to Refund $170M of ‘Missing’ Cryptocurrency

An Italian court has ruled that Francesco Firano, founder of defunct cryptocurrency exchange Bitgrail, was at fault for the disappearance of $170 million worth of the nano digital currency on his exchange last year.

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Kik Looks to Challenge SEC over ICO Securities Debacle

According to a report by The Wall Street Journal published on January 27, 2019, Canadian social-media giant Kik Interactive Inc. is contemplating locking horns with the US Securities and Exchange Commission (SEC) over the latter’s diktat on the legal status of tokens issued throug initial coin offerings (ICOs).

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Report: India Finalizing Crypto Regulatory Framework

The Indian government has reportedly confirmed that the report containing a regulatory framework for cryptocurrencies by an inter-ministerial committee is being finalized. This confirmation is in response to a Right to Information filing by a local news outlet.

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Report: Indian Government Finalizing Crypto Regulatory Framework

The Indian government has reportedly confirmed that the report containing a regulatory framework for cryptocurrencies by an inter-ministerial committee is being finalized. This confirmation is in response to a Right to Information filing by a local news outlet.

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Bitcoin Climbs up China’s First Crypto Ranking of 2019

China’s Center for Information and Industry Development has released its latest ranking of 34 crypto projects. This is the first update for 2019, but it is the ninth update overall. Bitcoin has been upgraded from the previous ranking while the top two positions remain unchanged.

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Swiss Bank Partners With Bitstamp to Enable BTC Funding and Withdrawals

Cryptocurrency exchange Bitstamp has partnered with a Swiss bank to allow the bank’s customers to fund their dollar-denominated accounts with BTC as well as withdraw funds in the cryptocurrency.

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Elections Canada Consults With Political Parties on Crypto Donations

According to Elections Canada, the agency that runs federal elections in Canada, there has been “a growing interest” in cryptocurrency donations. This trend has prompted some political parties to ask for a ruling on how best to manage bitcoin and other cryptocurrency political donations and how to navigate the various reporting systems required by both Elections Canada and the parties so that they comply with the Canada Elections Act.

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Swedish Man Goes to Court over “Absurd” Cryptocurrency Tax Bill

Swedish Man Linus Dunkers has filed a court case after being charged $885,000 in tax for Cryptocurrency trading. An amount he says is over three times all the profit he made, as per a report from SVT January 20, 2019.

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Two Former Executives Jailed for Faking Cryptocurrency Transaction Volumes

On January 17, 2019, two former executives from Komid, a South Korean cryptocurrency exchange, were jailed for three and two years respectively for using fake accounts to fraudulently inflate transactions on the exchange.

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Executives of Korean Exchange Sentenced to Jail for Faking Volumes

Two executives of a South Korean cryptocurrency exchange have reportedly been sentenced to jail for inflating trading volumes on their exchange. The pair allegedly used a bot to fake large orders in both cryptocurrencies and Korean won.

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Infamous Crypto SIM Swapping Con-Man Sued by One of Victims, Following Arrest of the Bitcoin Bandit

Nicolas Truglia has earned his place in the news lately for his theft of $1 million in digital assets, leading to an arrest. Newly released court documents show that one of his victims, Michael Terpin, is coming to get what is rightfully his, suing Truglia for $81 million. Terpin was one of the earliest investors […]

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Stock Exchange of Thailand Unveils Plan to Enter the Crypto Space

The Stock Exchange of Thailand is reportedly planning to launch a cryptocurrency exchange. The securities companies that are members of the exchange will also apply for cryptocurrency broker-dealer licenses with the country’s regulator.

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Living on Bitcoin Day 3: Brother, Can You Take a Sat?

This is the third instalment of reporter Colin Harper's "Living on Bitcoin" experience in San Francisco. Find out what happened to him earlier on Day 1 and on Day 2.

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Bitcoin theft victim sues AT&T for $224M after SIM-swap bungle

Nicolas Truglia, the infamous cryptocurrency con-man already arrested for stealing $1 million in digital assets, is now being sued for a further $81 million by another one of his victims. Court documents allege Truglia worked with a crew of 25 unnamed individuals to steal $24 million in cryptocurrency from Michael Terpin, an early Bitcoin investor, reports the Register.

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Indian Supreme Court Pushes Crypto Case Against RBI to End of February

The case against the crypto banking ban by the Reserve Bank of India (RBI) was unexpectedly heard at the country’s supreme court on Thursday. However, senior advocates for the parties were reportedly absent, so a new date has been set and the crypto case will be “top of the list” on that date.

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Thai Crypto Exchange Determined to Stay Open After SEC Orders Shutdown

The Thai Ministry of Finance has rejected the last cryptocurrency exchange application it had been reviewing. The exchange, which has been ordered to close down business and return customer funds, is determined to stay operational.

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Malaysia Starts Regulating Cryptocurrencies Today

Malaysia’s finance minister has announced that the order to regulate cryptocurrencies and initial coin offerings as securities has come into force. Crypto service providers and exchanges are required to obtain authorization from the country’s Securities Commission, which will work with the central bank to ensure compliance.

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Cryptocurrency Conferences Continue to Thrive Despite Industry Downturn

Over the last year, cryptocurrency prices have dropped significantly and mainstream attention has been waning in recent months. However, according to recent data, the digital currency and blockchain conference circuit did not see a steady decline during the last six months of 2018.

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9 Cryptocurrency Firms Sue Washington State Utility Over 50 Percent Rate Hike

A major utility in the U. S. state of Washington, Grant County public utility district, and its commissioners are facing a lawsuit filed by nine cryptocurrency firms. The suit alleges that they “acted inappropriately in creating and approving a new rate that raises electricity costs” for cryptocurrency miners.

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9 Crypto Firms Sue Washington State Utility Over 50 Percent Rate Hike

A major utility in the U. S. state of Washington, Grant County public utility district, and its commissioners are facing a lawsuit filed by nine cryptocurrency firms. The suit alleges that they “acted inappropriately in creating and approving a new rate that raises electricity costs” for cryptocurrency miners.

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Japanese Regulator Clarifies Stance on Bitcoin ETFs and Derivatives

Japan’s top financial regulator has clarified to news. Bitcoin. com its stance on bitcoin exchange-traded funds (ETFs), cryptocurrency derivatives, and upcoming regulatory changes. This follows reports that the agency may be considering approving an ETF that tracks cryptocurrencies.

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Indian Bank Forcing Customers to Agree to Anti-Cryptocurrency Policy

An Indian bank is reportedly forcing customers to agree that they “will not deal with any transactions related to cryptocurrency including bitcoins” when signing up for an account. In addition, there are reports of banks blocking accounts of their existing customers if they are found to have made crypto-related transactions.

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7 Korean Crypto Exchanges Pass Government Security Inspection

The South Korean government has released the results of its security inspection of cryptocurrency exchanges. Only seven of them passed all 85 of the inspection points. Fourteen previously-inspected exchanges still have not improved and 17 new crypto exchanges did not meet security standards.

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