LAW
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."
Charity Commission investigating Effective Ventures Foundation over ties to FTX
The Charity Commission for England and Wales began the probe because crypto exchange FTX is a "major sponsor" of Effective Ventures Foundation.
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.
Mango Labs Sues Avraham Eisenberg for $47 Million
Mango Labs, the firm behind Mango Markets, has sued exploiter Avraham Eisenberg. The Jan. 25 complaint says Einseberg misused its platform for millions of dollars in cryptocurrency in 2022.
OpenSea NFT Marketplace Faces Legal Action for Alleged Lack of Security
An NFT collector is suing OpenSea. After being phished, the investor alleges he was locked out for almost three months. $500,000. Theft is a major environment concern. NFT launched a stolen goods policy on Aug. 11, 2022. OpenSea failed to aid several Twitter users whose NFTs were taken.
Bitcoin Cash advocate Roger Ver sued for $20.8 million
Genesis sued Roger Ver for $20.8 million in unpaid crypto options. GGC International sued Ver in New York State Supreme Court on Jan. 23. BCH has not reacted to the lawsuit.
BlockFi to Sell $160 Million in Bitcoin Mining Machine
BlockFi aims to offer $160 million in loans secured by 68,000 Bitcoin mining equipment. November saw the crypto lender declare Chapter 11 bankruptcy. Defaulted loans may be undercollateralized.
DCG's subsidiary Genesis Capital slapped with new class
Genesis Capital, a DCG subsidiary, faces a class action lawsuit. Digital asset lending clients filed the complaint. Genesis violated securities laws by providing unregistered securities.
Bitzlato crypto firm taken down
Europol: 46% of Bitzlato assets were unlawful. U.S. and European authorities confiscated $19.5 million in cryptocurrencies from crypto wallets.
Lawyers Speak on Motions Dealing With Potential conflicts
James Bromley represents FTX's debtors in bankruptcy. Bromley attacked former CEO Sam Bankman-social Fried's media attacks on his law firm, Sullivan & Cromwell, which represented FTX and Ryne Miller.
Allegations of fraud against Compass Mining after company cuts ties with Russian
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. 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.
Argentina's Proposed Crypto Disclosure Law Promotes Disclosure
Crypto holders would have to submit an affidavit detailing their holdings under the measure. Voluntarily declaring crypto assets within 90 days of the law's implementation would result in a 2.5% capital gains tax. Next parliament will debate the measure.
Nigeria Passes Bitcoin And Cryptocurrency Law
The Nigerian government will soon legalize Bitcoin and other cryptocurrencies. Punch Newspapers of Nigeria announced the news on December 18 after interviewing House of Representatives Committee on Capital Markets Chairman Babangida Ibrahim. If passed, the local Securities and Exchange Commission might consider cryptocurrencies and other digital monies as investment capital.
Japan to Introduce Corporate-friendly Crypto Tax Law in 2023
The Japanese government proposes a new crypto tax law that will be introduced in 2023 for companies.