Search Results for "Legal"
El Salvador Lawmakers Passes $150M Bitcoin Trust Fund into Law
El Salvador parliament has passed the Bitcoin Trust Fund proposal into law.
Japan Accelerates Digital Yen Plans Amidst Global CBDC Race
Japan is advancing its plans for a digital yen, with the Bank of Japan set to pilot a CBDC program and the finance ministry preparing an expert panel to address legalities, signaling a significant shift in Japan's traditional cash-centric economy.
Former OpenSea Staff Asks Court to Withdraw Insider Trading Charges
Following the indictment of Nathaniel Chastain, a former Head of Product at the NFT marketplace OpenSea, a new petition has now been filed by his lawyers, requesting the court to dismiss the case as it lacks merit.
WhaleFin is being sued by Atletico Madrid for unpaid sponsorship
Atletico Madrid is suing WhaleFin for €20 million over a terminated €40 million sponsorship deal, claiming financial losses and potential reputational damage.
Finland Tracks Monero in High-Profile Cybercrime Cas
Finnish authorities traced Monero transactions in the Julius Aleksanteri Kivimäki trial, highlighting challenges in tracking privacy-focused digital currencies, a significant development in cryptocurrency-related cybercrime investigations.
Bitcoin will Reach $100K in 2022: Nayib Bukele Predicts
El Salvador President Nayib Bukele released on his official Twitter on January 2 his bullish forecasts for bitcoin in 2022. Among them, Nayib Bukele believes that the bitcoin price will reach a high of $100k in 2022.
Chinese Police Discover Illegal Bitcoin Mining Activity in Mysterious Graves
Police in China recently discovered illegal Bitcoin mining, which was buried underneath a local cemetery. Power losses within the area caused the initial suspicion. A Chinese oil field company submitted a tip to the local police requesting them to investigate suspicious power losses in the northern city of Daqing, Heilongjiang province. The police officers arrived at the scene and spotted mysterious two grave mounds lying in the field.
Ripple's CEO Discloses to Spend over $100m Fighting Legal Battle with SEC
Brad Garlinghouse, Ripple's CEO, has disclosed that the company will need to spend over $100 million on lawsuits with the US Securities and Exchange Commission (SEC) for regulation issues.
Andorra to Ratify Digital Assets Adoption with Crypto Law
Andorra, or 'the Principality of Andorra', is contemplating regulations of digital assets and other blockchain technologies. Its parliament is debating on relative amendments before turning them into a draft.
South Koreans transacted $4.3 billion through illegal crypto exchanges
In 2022, South Koreans transacted $4.3 billion through illegal crypto exchanges, comprising almost 70% of all illicit money traffic captured by officers. The transactions aimed to purchase foreign virtual assets to sell in the country later due to the South Korean regulatory regime isolating the local market.
El Salvador Standing by to Rollout 200 ATMs for Converting Bitcoin to Cash
El Salvador is preparing to launch the initial 200 ATMs that will enable conversion of Bitcoin to cash. President Bukele said that the use of Bitcoin will not be mandatory.
Bankruptcy of FTX Incurs Over $200 Million in Legal Fees
An independent auditor has examined the legal fees incurred during the initial months of FTX's bankruptcy, revealing a staggering amount exceeding $200 million. The auditor justifies these significant fees, considering the monumental nature of the task at hand.
