Digitex Founder Ordered to Pay $16M to Resolve CFTC Action, Banned From Trading

The founder of crypto exchange Digitex, Adam Todd, has been ordered by a federal court to pay almost $16 million to resolve accusations that he ran an illegal platform and sought to manipulate its native token, DGTX, the U. дальше »

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LBRY Credits Token plummets after federal court ruled against LBRY Inc.

At press time, LBRY Token had plunged to $0. 009298 from a high of $0. 01235 on July 11. The plunge followed a ruling that LBRY Inc. violated US securities laws. LBRY Inc. has stated that it is shutting down its business. дальше »

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Celsius files lawsuit to recover $150M crypto assets from StakeHound

Bankrupt crypto lender Celsius has commenced legal action against Stakehound for failing to pay back $150 million in digital assets, including staked Ethereum (ETH), Polkadot (DOT), and Polygon’s MATIC, which it entrusted to the staking platform in 2021, according to a July 11 court filing. дальше »

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Crypto lender Celsius sues liquid staking platform StakeHound to...

Celsius has instituted an action against StakeHound to recover its staked tokens. Its native token, CEL, now has zero market liquidity.  In a court filing dated 11 July, bankrupt crypto lenThe post Crypto lender Celsius sues liquid staking platform StakeHound to... appeared first on AMBCrypto. дальше »

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Possible Ripple Effect? Crypto as Securities in LBRY Case Still Undecided

U.S. District Court Judge, Paul Barbadoro, who declined to establish a precedent on the nature of secondary market sales of cryptocurrencies in regardto the decentralized content platform LBRY. The case... дальше »

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LBRY Final Judgment Leaves Ripple And XRP Hanging In The Balance

Ripple and the XRP community were eagerly awaiting the ruling in the LBRY case yesterday. In a court decision issued on Tuesday, July 11, the case between the Securities and Exchange Commission (SEC) and decentralized content sharing platform LBRY Inc. дальше »

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Coinbase Goes to Court Against the SEC

Coinbase (COIN) and the Securities and Exchange Commission will meet in court this week. The hearing – the questions asked and the answers given – should provide some hints on how the case may go (for now, anyway). дальше »

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Korean court conducts preliminary hearing for Terra co-founder 

The Seoul Southern District Court has conducted a preliminary hearing for Terraform Labs’ co-founder Daniel Shin and several other former project employees. Shin, the co-founder of Terraform Labs and former CEO of Chai Corporation, is set to undergo his initial… дальше »

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Ripple Vs. SEC Court Update: Why A Ruling Can Take Even Longer

In the legal battle between Ripple and the U. S. Securities and Exchange Commission (SEC), anticipation has reached fever pitch as the community eagerly awaits a ruling. Already 931 days ago, the SEC filed its lawsuit against Ripple Labs and its executives Brad Garlinghouse and Chris Larsen. дальше »

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The First Court Hearing For Terra Co-Founder Held In South Korea

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Grayscale Says Its Spot Bitcoin ETF Is Less Risky Than ETFs Already Trading

A new chapter in Grayscale's battle with regulators unfolds as a lawyer for the asset manager demands that a circuit court address inconsistencies in Bitcoin ETF approval. The post Grayscale Says Its Spot Bitcoin ETF Is Less Risky Than ETFs Already Trading appeared first on BeInCrypto. дальше »

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The Other Terra Co-Founder Starts His Trial in Seoul

Daniel Shin, co-founder of Terraform Labs, had his firsthearing held by Seoul’s Southern District Court on July 10, as reported by local Korean media. Prosecutors addressed several charges, including fraud... дальше »

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Terra Co-Founder Faces Legal Proceedings In South Korea As 1st Hearing Unfurls

Terra’s legal trouble continues with South Korea’s Seoul Southern District Court conducting the initial preliminary hearing for Daniel Shin, the co-founder of Terraform Labs, along with seven other former Terra employees. дальше »

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Canada’s court deem emoji valid as a contract agreement: Report

The case sought to determine whether a Canadian farmer had agreed to sell tons of flax to a grain buyer in 2021 by replying with a thumbs-up emoji. дальше »

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San Francisco’s superior court takes over Fei Protocol’s Discord server

The San Francisco Superior Court has reportedly taken control of Fei Protocol's Discord server in a class action settlement дальше »

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ZachXBT’s research cited in Canadian NFT rug pull class-action lawsuit

According to court documents, the Boneheads team has been accused of breach of contract, misappropriating funds and misleading investors. дальше »

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Arbiter Wants Man To Pay Over $76,000 Because Of A Crypto.Com Mistake

Crypto. com, a cryptocurrency exchange based in Singapore, won an arbitration against a client who received a mistaken deposit of $50,000 but refused to return it, recent court filings reveal.   Crypto. дальше »

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Crypto Clash: Gemini And Genesis Owner Barry Silbert Go To Court Over Lost Bitcoin

Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has filed a lawsuit against Digital Currency Group (DCG) and its founder Barry Silbert in a New York court on July 7.  The company is seeking to recover the damages and losses incurred due to DCG’s and Silbert’s alleged “false, misleading, and incomplete” representations and […] дальше »

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Crypto.com petitions US court to uphold arbitration decision for mistakenly sent $50K

The exchange said it “erroneously deposited” $50,000 into a user’s account in June 2022, receiving no response to requests to return the funds. дальше »

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Elon Musk’s lawyers respond to motion to kick Tesla team off Dogecoin case: ‘Waste of this court’s time’

The strongly worded legal filing comes in response to an attempt to have Tesla’s lawyers sanctioned over supposed conflicts of interest and alleged misconduct. дальше »

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Crypto exchange Gemini takes its trouble with DCG and Barry Silbert to court

Gemini launched a lawsuit against DCG and its head claiming misrepresentation of facts and financial statements.  DCG class the accusations of wrongdoings as "baseless, defamatory, and completThe post Crypto exchange Gemini takes its trouble with DCG and Barry Silbert to court appeared first on AMBCrypto. дальше »

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Gemini files lawsuit against DCG and Barry Silbert alleging fraudulent activities

Cryptocurrency exchange Gemini has filed a lawsuit in a New York court against DCG (Digital Currency Group) and Barry Silbert. Cameron Winklevoss, the co-founder of Gemini, alleged in a tweet published today, June 7, that Silbert played a central role… дальше »

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$39M BTC Scandal Sends Georgian Billionaire to Court

George Bachiashvili, former head of the Georgian Co-Investment Fund, is accused of significant misappropriation of cryptocurrency and alleged money laundering. The Prosecutor’s Office of the Republic of Georgia is heading... дальше »

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Bittrex Woes Continue: Florida Regulator Says Exchange Violated Multiple Laws

According to court filings, cryptocurrency exchange, Bittrex, has been accused by Florida’s financial regulator of violating several laws within the state. These violations allegedly occurred prior to Bittrex Inc. дальше »

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SEC, FTX, and Three Arrows Capital contest BlockFi’s bankruptcy plans

The U. S. Securities and Exchange Commission (SEC), alongside bankrupt crypto firms FTX and hedge fund Three Arrows Capital (3AC), have objected to BlockFi’s bankruptcy plans, according to July 5 court filings. дальше »

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Bittrex Faced Enforcement Action From Florida Regulator Ahead of Bankruptcy

The state's financial regulator accused the U.S. firm of violating multiple state laws, and was looking to explore settlement avenues, court filings show. дальше »

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Meta Stock Surges As the Social Media Giant Launches Twitter-Rival Threads

Mark Zuckerberg has launched the text-based sharing app in direct competition with Twitter. The debut has positively impacted Meta shares, taking them to an 18-month high. The positive stock reaction comes despite a European Court siding against the tech mammoth in an anti-Trust case the previous day. дальше »

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Celsius Starts Swapping Altcoins for Bitcoin, ETH; Chainlink, Aave, Others At Risk

Bankrupt crypto lender Celsius Network has begun the process of swapping altcoins for Bitcoin (BTC) and Ethereum (ETH). The recent court approval (June 30) granted the company permission to convert its altcoin holdings into the two leading digital assets, raising concerns about a potential sell-off of popular altcoins. дальше »

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CFTC investigators conclude ex-Celsius CEO Mashinsky broke US rules: Report

If a majority of CFTC commissioners agree with the conclusion, the regulator could file a case in federal court.

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Celsius moves altcoins to new wallets in preparation for Bitcoin and Ethereum conversion

Bankrupt crypto lender Celsius Network moved around $70 million worth of altcoins on July 5 following the recent court approval to sell them for Bitcoin (BTC) and Ethereum (ETH). Data from Arkham Intelligence showed that the lender had moved millions of altcoins and stablecoins to different wallets, including those related to crypto market maker Wintermute, […] The post Celsius moves altcoins to new wallets in preparation for Bitcoin and Ethereum conversion appeared first on CryptoSlate. дальше »

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Taiwanese Government to tackle crypto-powered election bribery

The government of Taiwan has signaled plans to bar crypto from its 2024 presidential elections. The move aims to curb bribery and corrupt practices. The nation’s Supreme Court has prosecuted over 1,3000 cases of election bribery in the past year. … дальше »

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XRP Holders Win Right to Sue Ripple, Legal Experts Unveil Implications

Court ruling empowers XRP investors to sue Ripple, legal experts weigh in дальше »

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Class Action Vs. Ripple: Judge Allows US XRP Investors To Pursue Securities Claims

In a significant development for XRP investors, federal judge Phyllis J. Hamilton from the United States District Court for the Northern District of California has certified a class of investors in the class-action lawsuit Zakinov vs. дальше »

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Court decision on Grayscale v. SEC lawsuit could prove crucial for spot Bitcoin ETF applicants

Investors and applicants interested in spot Bitcoin exchange-traded funds (ETFs) are keeping a close eye on the ongoing court case between Grayscale and the U. S. Securities and Exchange Commission (SEC On June 29, 2022, the U. дальше »

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Coinbase officer argues U.S. student loan ruling sets precedent for SEC on crypto regulation

Coinbase Chief legal officer Paul Grewal said on July 4 that the U. S. Securities and Exchange Commission’s (SEC) interpretation of “investment contract” violates the law judging by a recent Supreme Court opinion. дальше »

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SEC’s Authority In Question As Bittrex Challenges Crypto Regulation In Court

Bittrex, a cryptocurrency exchange that went bankrupt earlier this year, is challenging the U. S. Securities and Exchange Commission’s (SEC) authority to regulate its operations through securities violations. дальше »

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SEC’s spot Bitcoin ETF approval “fairly high”: Bernstein

$650 billion asset manager Bernstein believes there’s a good chance of a spot Bitcoin ETF approval. The SEC’s argument for denial of a spot ETF while approving futures ETFs is unlikely to convince the court in the Grayscale vs SEC case. дальше »

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Kraken’s Bid to Block IRS Crypto Tax Probe Fails in Court

Kraken's bid to block IRS tax probe on cryptocurrency gains was unsuccessful as a court ruled for the disclosure of its customer data. The post Kraken’s Bid to Block IRS Crypto Tax Probe Fails in Court appeared first on BeInCrypto. дальше »

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Altcoin Holders Find Relief As Bankrupt Celsius Allows Conversion To BTC, ETH

Altcoin holders who are owed money by Celsius will be able to convert their altcoins into Bitcoin and Ether as of July 1, according to a recent ruling by a New York court.  Celsius, a company that declared Chapter 11 bankruptcy protection in July 2022, acknowledging its substantial debt of up to $10 billion, temporarily […] дальше »

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Kraken receives court order to turn over customer data to IRS

Crypto exchange Kraken has been asked by the Internal Revenue Service (IRS) through a federal court order to provide account and transactional information. According to the June 30 court filing, the IRS needs the information on Kraken accounts that traded… дальше »

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Kraken Ordered To Unveil Customer Data In IRS Crypto Tax Probe – What’s At Stake?

Kraken, the renowned digital currency exchange based in San Francisco, has been served with a court directive by a United States judge, compelling the disclosure of customer information to the Internal Revenue Service. дальше »

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Kraken ordered by court to disclose user data to IRS for tax compliance

Kraken is required to provide details of users who engaged in transactions exceeding $20,000 within a calendar year.

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Kraken ordered to provide IRS with user data

Kraken has been ordered to provide information about its users to the Internal Revenue Service (IRS), according to a June 30 court filing. Users who traded $20K affected The filing says that Kraken must provide the IRS with identifying information about users that traded at least $20,000 worth of cryptocurrency over a one-year period. дальше »

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Court Orders Kraken to Turn Over History Transaction and Account Information to IRS

A federal court ordered crypto exchange Kraken to turn over account and transaction information to the IRS, which said it needed that information to see if any of the exchange's users had underreported their taxes. дальше »

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Celsius to Potentially Sell More Than $170M in ADA, MATIC, SOL and Altcoins for BTC, ETH

Court documents from last November give a rough picture of the lender’s altcoin holdings. дальше »

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SEC’s rebuttal to Coinbase’s legal defense set for July 13th

According to a recent court order issued on Thursday, June 29, the United States Securities and Exchange Commission (SEC) is scheduled to deliver its response to Coinbase's initial legal defense on July 13. дальше »

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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. дальше »

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Coinbase’s First Legal Defense To Be Addressed By SEC On July 13

According to a court order issued on Thursday, the United States Securities and Exchange Commission (SEC) is set to provide its counterarguments in response to Coinbase’s initial legal defense on July 13. дальше »

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Court allows Celsius to sell altcoins for BTC, ETH starting July 1

Bankruptcy Judge Martin Glenn of the US Southern District Court of New York on Friday ordered that bankrupt crypto lender Celsius can begin to sell or convert altcoins to Bitcoin (BTC) and Ether (ETH). дальше »

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SEC to present response to Coinbase’s legal defense on July 13

The court also rescheduled the pre-trial conference to a pre-motion conference, shifting it to July 13 from its original date of Aug. 24. дальше »

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