LAW
Eddy Alexandre Pleads Guilty to Commodities Fraud
After pleading guilty to stealing $248 million from investors, EminiFX CEO Eddy Alexandre might serve 10 years in jail.
Secret Network to Restructure as Nonprofit with 'Transparent Operation'
Two Secret Network-promoting groups argued publicly before the vote.
BAYC Copycat NFT Collection's Founder Files Opposition being filed
Despite the objections, Yuga Labs expects the 10 trademark applications to be approved.
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.
Creditors, Borrowers, and US Trustee Object to Celsius delaying reorganization plan
Celsius received objections from the unsecured creditors committee, Withhold account holders, the U.S. Trustee, and borrowers to extend the restructuring plan deadline.
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.
VARA Issues New Guidelines for Virtual Asset Service Providers in Dubai
VARA's "Full Market Product Regulations" comprise four mandatory and activity-specific rulebooks for running VASPs.
Former Coinbase Product Manager Seeks to Dismiss SEC Charges of Insider Trading
Ten lawyers from five law firms filed a move to dismiss an SEC insider trading lawsuit against two brothers, calling the regulator "wrong" and lacking government authorisation.
The creator of the nonfungible token collection Bored Ape Yacht Club
Yuga Labs agreed with the maker of a copycat collection of the blue-chip Bored Ape Yacht Club NFTs.
FTX CEO Describes 'Pure Hell' Leading Up to Exchange's bankruptcy case
CEO John Ray testified for FTX bankruptcy judge John Dorsey on a request to appoint an independent examiner.
CryptoZoo, Logan Paul Sued for $5M Over his allegations
A class action complaint alleges Crypto Zoo, Logan Paul, and other executives "fraudulently" retained consumer monies and failed to fulfil promised advantages.
Senate Banking Committee to Develop Bipartisan Regulatory Framework for Cryptocurrencies
The Senate Banking Committee, led by Sherrod Brown and Tim Scott, may regulate crypto in the upcoming Congress.
Former FTX CEO ordered not to contact current or former employees
Sam Bankman-Fried cannot contact FTX or Alameda personnel or utilise Signal as part of his bail terms.
Yuga Labs Facing More Lawsuits Over NFTs
Rosen, a global legal firm, has encouraged BAYC and APE investors to join a class action lawsuit against Yuga Labs for securities law violations.
The Philippines SEC seeks to bring cryptocurrencies under its scope
The Philippines Securities and Exchange Commission (SEC) has suggested new cryptocurrency regulations to improve its control.