Search Results for "law"
BAYC Copycat NFT Collection's Founder Files Opposition being filed
Despite the objections, Yuga Labs expects the 10 trademark applications to be approved.
Malaysian Authorities Shut Down Illegal Bitcoin Miners For $600K Power Theft
Malaysian police have shut down two illegal Bitcoin mining operations which had been siphoning power continuously for the past three years.
US Lawmakers Want STABLE Act to Force Stablecoin Issuers to Secure Bank Charters
US lawmakers have introduced a new bill to Congress seeking to impose federal control over the entire stablecoin industry and would mandate issuers to secure bank charters.
Kazakhstan plans to reduce tax fraud and unlawful business operations
The obligation will gather "information on the revenue of digital miners and digital mining pools for tax purposes" starting Jan. 1, 2024.
UK Court Recognized Cryptocurrency as Property in Freezing Order
In a property ownership tussle, UK high court found itself in the second attempt to recognize cryptocurrency as property. This time round, the court imposed a freezing order to crypto firm directors who failed to prove that they were not owners of the disputed cryptocurrencies.
How much money will Sullivan & Cromwell make from the FTX cryptocurrency
A story claims FTX's notorious legal team would profit hundreds of millions from the exchange's bankruptcy lawsuit.
Trial between Hermes and NFT Artist Mason Rothschild set to go ahead
Hermès and digital artist Mason Rothschild's lawsuit is a "momentous turning point for Web3 and digital products."
Stablecoins to be Issued by Licensed Banks and Trust Companies in New Japanese Law
In a move to protect investors, Japan’s parliament has passed a bill classifying stablecoins as digital money that must be connected to the nation’s currency, yen, or another legal tender.
Floyd Mayweather Promoted 2017 ICO Was a Fraud, Co-Founder Pleads Guilty
The $25 million 2017 Centra Tech ICO court case has finally resulted in a verdict against one of the co-founders who pleaded guilty to fraud yesterday. The other founders are still awaiting trial.
U.S. sanctions: Customers suing Compass Mining
Compass Mining customers are suing for $2 million for fraud. The firm terminated connections with Russian hosting provider Bit River and didn't restore clients' Bitcoin machines. It cut connections with Bit River over non-applicable US sanctions.
U.S. Blockchain-organisation BBA Publishes Crypto Toolkit Guidelines for Regulatory Consideration
The Boston Blockchain Association (BBA) has published a toolkit that will guide Massachusetts lawmakers in their efforts to create crypto laws.
Former FTX CEO Sam Bankman-Fried Restricted from Using encrypted messaging apps
Judge Lewis Kaplan ordered former FTX CEO Sam Bankman-Fried to stop using encrypted chat applications as a condition of his $250-million bail release.