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Crypto Lawyers Dispute SEC Chief's Jurisdiction Claims

Crypto Lawyers Dispute SEC Chief's Jurisdiction Claims

Lawyers for the cryptocurrency industry have challenged recent comments made by the Chairman of the Securities and Exchange Commission (SEC), Gary Gensler, in which he claimed that all cryptocurrencies except Bitcoin fall under the agency's jurisdiction. The lawyers argue that the SEC must prove its case in court for each token individually before it can claim jurisdiction over them.

Taiwanese Singer Chen Lingjiu Implicated in JPEX Cryptocurrency Fraud Case

Taiwanese Singer Chen Lingjiu Implicated in JPEX Cryptocurrency Fraud Case

Taiwanese singer Chen Lingjiu faces fraud case involving JPEX, highlighting potential pitfalls of celebrity endorsements in cryptocurrency investments and the need for robust regulatory measures.

Facebook’s Libra Likened to 2008 Subprime Mortgage Fiasco

Facebook’s Libra Likened to 2008 Subprime Mortgage Fiasco

Senator Brown compared Facebook's Libra to the subprime mortgage scenario. His sentiments show the divided debate facing the Libra project.

Bitcoin Will Rise to Over $1 Trillion In Next Ten Years, Tesla Investor’s BTC Value Prediction

Bitcoin Will Rise to Over $1 Trillion In Next Ten Years, Tesla Investor’s BTC Value Prediction

Bitcoin has had a rollercoaster year amid the COVID-19 pandemic markets rollercoaster but has ultimately persevered adding over 40% to its price exceeding $200 billion in market capitalization.

Segantii Capital Management Faces Insider Dealing Charges in District Court

Segantii Capital Management Faces Insider Dealing Charges in District Court

Insider dealing case against Segantii Capital Management and CIO moved to District Court.

Three Ramp-and-Dump Cases Transferred to District Court

Three Ramp-and-Dump Cases Transferred to District Court

Three sophisticated ramp-and-dump cases have been transferred to the District Court, according to the Securities and Futures Commission (SFC).

SFC Convicts Individual for Unauthorized Investment Advice on Telegram

SFC Convicts Individual for Unauthorized Investment Advice on Telegram

The SFC has secured a conviction against an individual for providing paid investment advice on a Telegram chat group without a license.

Terra co-founder indicted for forging legal documents

Terra co-founder indicted for forging legal documents

The Prosecutor’s Office of the State of Podgorica has indicted former Terraform Labs co-founder Do Kwon for allegedly forging legal documents. Kwon was arrested in March after allegedly attempting to board a flight to Dubai with fake documents. Han Chang-jun, Terraform’s former CFO, is facing similar charges.

Coinbase CLO Responds to SEC's Opposition

Coinbase CLO Responds to SEC's Opposition

Coinbase's Chief Legal Officer, Paul Grewal, responded to the SEC's opposition to the company's motion to dismiss the case against it. Grewal criticized the SEC for making unsupported legal claims and emphasized that the assets listed on Coinbase are not securities. He also called for regulation that listens to the crypto community and mentioned that Coinbase will file its reply on October 24, 2023.

Colombian Ministry of Information Technology Prioritize Public Sector Blockchain and Crypto Payment Solutions

Colombian Ministry of Information Technology Prioritize Public Sector Blockchain and Crypto Payment Solutions

The Colombian Ministry of Information Technology and Communications (MinTIC) believes blockchain and DLT solutions could benefit its public sector.

Invictus Capital continues to offer exceptional returns despite the volatility in the markets

Invictus Capital continues to offer exceptional returns despite the volatility in the markets

Invictus’ assets under management (AUM) blew past expectations, growing by 29.46% to $145 million over June.

Bitcoin Safe Haven Status Under Fire Following US Federal Reserve Rate Cuts to Combat Coronavirus Disruption

Bitcoin Safe Haven Status Under Fire Following US Federal Reserve Rate Cuts to Combat Coronavirus Disruption

The reaction of the bitcoin market to the first rate cut from the Federal Reserve since December 2008, during the global financial crisis, is being carefully observed by the crypto community and may eventually reveal the cryptocurrency’s true nature.

Kakao Affiliates Face Probe Over Crypto Misappropriation Allegations

Kakao Affiliates Face Probe Over Crypto Misappropriation Allegations

Prosecution delves into allegations of cryptocurrency embezzlement & breach of trust against ex-Kakao chairman & affiliate executives, marking the start of a formal inquiry with the examination of the complainant on Oct 11.

Trump NFT Floor Price Surges on Indictment News

Trump NFT Floor Price Surges on Indictment News

The official licensed Trump Digital Trading Cards NFT project's floor price rose to 0.6 ETH ($1090) after a New York Grand Jury voted to indict former President Donald Trump. The price has since fallen back to around 0.51 ETH, still higher than its initial mint price of $99. Q1 2023 saw $4.7 billion worth of NFT trading volume, more than double that of the previous quarter, with Ethereum accounting for $4.1 billion worth of the volume.

Will Bitcoin’s Price Touch $100,000 by End of 2021?

Will Bitcoin’s Price Touch $100,000 by End of 2021?

Will Bitcoin’s rising popularity, global uncertainties and a weak U.S. dollar drive the cryptocurrencies price to $100,000 in 2021?

Crypto Exchange Refuses to Give Up Dissident Names to Belarus Government

Crypto Exchange Refuses to Give Up Dissident Names to Belarus Government

Belarus government officials have demanded that a Kuna.io crypto exchange disclose the names of potential dissidents that have leveraged their services.

Terraform Labs Co-Founder Indicted for Terra Stablecoin Collapse

Terraform Labs Co-Founder Indicted for Terra Stablecoin Collapse

Shin Hyun-seong, co-founder of Terraform Labs, has been indicted along with nine other individuals for the collapse of the Terra stablecoin ecosystem. They are accused of fraud, breach of trust, and embezzlement, with illicit profits of nearly $350 million suspected. Prosecutors have seized assets worth a total of $180 million.

From $5,000 to $120,000: Standard Chartered's Controversial Bitcoin Price Predictions

From $5,000 to $120,000: Standard Chartered's Controversial Bitcoin Price Predictions

According to Retuers, Standard Chartered predicts Bitcoin's price to reach $120,000 by 2024, reaching $50,000 this year and $120,000 by 2024. This upward trend aligns with the recent increase in Bitcoin's value, encouraging miners to hold onto the digital currency.

Ripple on the Brink of Decisive Win as SEC Legal Battle Nears End

Ripple on the Brink of Decisive Win as SEC Legal Battle Nears End

Ripple is expected to win a legal battle with the SEC, potentially settling $20 million or less. This victory is expected due to legal perspectives and the recent Second Circuit Court ruling, impacting digital currency regulation.

Token Metrics CEO: Bitcoin Price Increase to $26k likely, $32k Possible, and $40k Outlandish

Token Metrics CEO: Bitcoin Price Increase to $26k likely, $32k Possible, and $40k Outlandish

Bitcoin's market rise today is historic, with the price currently sitting at over $21,770 we are officially in uncharted territory - At what price level will the BTC bulls rest?

SEC Proposes New Rules to Address Conflicts of Interest in AI Usage by Brokerage Firms

SEC Proposes New Rules to Address Conflicts of Interest in AI Usage by Brokerage Firms

The U.S. Securities and Exchange Commission (SEC) has proposed new rules to address potential conflicts of interest that may arise when investment advisers and broker-dealers use predictive data analytics and artificial intelligence (AI).

dYdX to Exit Canadian Market Amid Regulatory Restrictions

dYdX to Exit Canadian Market Amid Regulatory Restrictions

Cryptocurrency derivatives exchange, dYdX, is withdrawing its services from Canada due to increased regulatory restrictions. The exchange will halt new user onboarding on April 7 and move existing users to "close-only mode" on April 14.

Dismissal of Lawsuit Against Tether and Bitfinex Affirmed, Plaintiff Drops Appeal

Dismissal of Lawsuit Against Tether and Bitfinex Affirmed, Plaintiff Drops Appeal

Tether and Bitfinex have won a lawsuit against Shawn Dolifka and Matthew Anderson, despite allegations of misleading statements about USDT reserves, underscoring the importance of transparency in the cryptocurrency sector.

SEC Files Motion Against Terraform Labs and Luna Founder Do Hyeong Kwon

SEC Files Motion Against Terraform Labs and Luna Founder Do Hyeong Kwon

The SEC has filed a motion in the United States District Court for the Southern District of New York against Terraform Labs and Do Hyeong Kwon. The commission is seeking the court's permission to notice a deposition from Kwon or to preclude the defendants from using a declaration from him. The defendants have until September 26, 2023, at 12:00 pm to respond.

Judge Expresses Concerns Over Proposed Bail Conditions for Former FTX Founder

Judge Expresses Concerns Over Proposed Bail Conditions for Former FTX Founder

U.S. District Judge Lewis Kaplan has expressed concerns over the proposed bail conditions for former FTX founder Sam Bankman-Fried, citing the risk of potential evasion and covert electronic communication.

US proposes new bail conditions for former FTX CEO

US proposes new bail conditions for former FTX CEO

The US Department of Justice has proposed new bail conditions for former FTX CEO Sam Bankman-Fried, which include communication restrictions and monitoring of his online activity. The proposal also requests that temporary bail conditions recently imposed should be made permanent. Bankman-Fried's $250 million bail has been under scrutiny since he was found to have contacted potential witnesses on his case, and a superseding indictment against him was unsealed containing 12 criminal counts.

Social Media Site X Limits Changpeng Zhao's Account Access

Social Media Site X Limits Changpeng Zhao's Account Access

Changpeng Zhao, former Binance CEO, faced account restriction on social media platform X amidst legal challenges, leading to widespread speculation in the crypto industry.

Explosive growth alongside peace of mind offered by C10 from Invictus

Explosive growth alongside peace of mind offered by C10 from Invictus

With investor focus shifting towards the next market downturn, investors are increasingly seeking protection against potential future drawdowns. The Invictus Capital Crypto10 Hedged fund (C10) is that protection investors are looking for and holds the answers to many investor concerns. The C10 fund has continued to offer investors unparalleled risk adjusted returns in 2021 with a 119% increase in performance for the first quarter.

Court Upholds OFAC's Designation of Tornado Cash Under IEEPA

Court Upholds OFAC's Designation of Tornado Cash Under IEEPA

The US District Court upheld the OFAC's designation of Tornado Cash under the IEEPA, rejecting plaintiffs' claims of overreach and First Amendment violations, highlighting legal challenges for privacy-oriented blockchain entities.

Coin Center Questions Tornado Cash Indictments in Light of FinCEN Guidance

Coin Center Questions Tornado Cash Indictments in Light of FinCEN Guidance

The US Office of Foreign Asset Control accused former Tornado Cash creators Roman Storm and Roman Semenov for conspiracy to run an unauthorised money-transmitting company. The crypto community worries about the indictment's FinCEN compliance. Peter Van Valkenburgh, Coin Center's research director, said Tornado Cash's tools may not classify developers as money transmitters.

Russian Federal Watchdog Censors Binance for Distributing Crypto-Related Data

Russian Federal Watchdog Censors Binance for Distributing Crypto-Related Data

Roskomnadzor has blacklisted crypto exchange Binance for what it deems as “containing information prohibited for distribution in Russia.

Protests Erupt as Alexander Lukashenko Wins Disputed Landslide Election in Crypto Forward Belarus

Protests Erupt as Alexander Lukashenko Wins Disputed Landslide Election in Crypto Forward Belarus

In Belarus, a highly contested election victory for longstanding President Alexander Lukashenko over Svetlana Tikhanovskaya has erupted in protests. Despite the dispute, the Soviet forged dictator’s stay of power may be good news for crypto.

Attorneys for Ex-FTX CEO Samuel Bankman-Fried Challenge Proposed Jury Questions Ahead of Fraud Trial

Attorneys for Ex-FTX CEO Samuel Bankman-Fried Challenge Proposed Jury Questions Ahead of Fraud Trial

The defense attorneys for former FTX CEO Samuel Bankman-Fried have submitted a letter challenging the proposed jury questions for the upcoming fraud trial. They assert that the government's proposed questions could harbor bias against Bankman-Fried, potentially leading to an unfair trial. The defense suggests an alternative voir dire to ensure a fair jury selection process, while the prosecution opposes these suggestions. The trial is slated to begin on October 4, 2023, following jury selection on October 3.

Reuters: U.S. Aims to Thwart Chinese Access to AI Chips via Overseas Outlets

Reuters: U.S. Aims to Thwart Chinese Access to AI Chips via Overseas Outlets

The U.S. is contemplating tightening restrictions to prevent Chinese firms from accessing American AI chips via overseas outlets, reinforcing its stance on curbing China's AI military advancements. The move comes amid existing challenges in enforcing export controls, with the new rules expected to broaden the scope of restrictions on the AI chip market.

Nordea Bank Ban on Staff Bitcoin Trading Upheld By Danish Court

Nordea Bank Ban on Staff Bitcoin Trading Upheld By Danish Court

A Danish court has ruled that Nordea Bank is within its rights to prohibit its employees from investing in Bitcoin and other cryptocurrencies.

Italy and South Korea's Central Banks Forge a Path in CBDC Development

Italy and South Korea's Central Banks Forge a Path in CBDC Development

The Bank of Italy and the Bank of Korea have signed an MOU to collaborate on the development of Digital Currencies (CBDCs), a significant development in the digital currency sector.

Hacker moves stolen funds after bounty launch

Hacker moves stolen funds after bounty launch

The hacker who stole $196 million from Euler Finance has transferred $1.65 million through Tornado Cash, after a $1 million bounty was launched. Victims pleaded for return of funds, but the hacker's move to a crypto mixer suggests they may not be swayed. On-chain data shows the stolen funds consisted of DAI, USDC, staked ETH and WBTC.

Mobius Capital Partners CEO Says Trying to Predict Bitcoin Price is "Loser's Game"

Mobius Capital Partners CEO Says Trying to Predict Bitcoin Price is "Loser's Game"

CEO of Mobius Capital Partners, Mark Mobius has become the latest Bitcoin critic to slam the unpredictable nature of BTC, comparing investment in cryptocurrency to gambling.

Binance CEO CZ Draws on Eleanor Roosevelt Quote to Discuss Market Predictability

Binance CEO CZ Draws on Eleanor Roosevelt Quote to Discuss Market Predictability

Eleanor Roosevelt is famous for her role as the First Lady of the United States and her extensive work in advocating for social justice, civil rights, and human rights. She played a significant role in the drafting of the Universal Declaration of Human Rights and remains an enduring symbol of activism and leadership.

Venezuelan President Maduro Leveraged Cryptocurrency to Conceal Drug Ring Transactions According to US DOJ

Venezuelan President Maduro Leveraged Cryptocurrency to Conceal Drug Ring Transactions According to US DOJ

Venezuelan President Maduro and 14 other high-ranking Venezuelan officials have been charged for their alleged involvement in a multibillion-dollar cocaine trafficking ring that the the DOJ claimed wreaked havoc on American communities by flooding the markets with cocaine for over 20 years. According to Homeland Security Investigations (HSI), the Venezuelan officials had leveraged cryptocurrency in an attempt to mask their money trail on their alleged crimes

Bitcoin's Potential Surge to $200K by 2025

Bitcoin's Potential Surge to $200K by 2025

Standard Chartered predicts Bitcoin could reach $200,000 by 2025, contingent on successful U.S. Bitcoin ETFs, with inflows estimated at $50-100 billion.

4 Reasons Why Bitcoin Investors Should HODL Despite BTC Price Drop Below $18K

4 Reasons Why Bitcoin Investors Should HODL Despite BTC Price Drop Below $18K

As BTC price corrects below $18,000, here are four expert BTC price predictions and reasons to keep HODLers holding on to their crypto in the months ahead.

Cryptoaddiction: The Uglier Side of Digital Currencies

Cryptoaddiction: The Uglier Side of Digital Currencies

Addiction is an ugly word, but it's an unfortunate reality for many people. Crypto has brought about a new type of addiction. This is an introspective look at what crypto addiction looks like, and advice on where to find help.

Bitcoin of America indicted for operating unlicensed kiosks

Bitcoin of America indicted for operating unlicensed kiosks

Bitcoin of America, a Bitcoin technology firm, along with three of its executives, has been indicted for allegedly operating more than 50 unlicensed crypto kiosks in Ohio that knowingly benefited from victims of cryptocurrency scams. The firm is facing charges of money laundering, conspiracy, and other crimes connected to the operation of the kiosks, which authorities believe have been operating and evading regulatory safeguards and financial compliance requirements since 2018.

Bitcoin September Curse? Predicting BTC Price Using Comprehensive Historical Data

Bitcoin September Curse? Predicting BTC Price Using Comprehensive Historical Data

Bitcoin's September performance has been bearish over the past eight years, with an average decline of approximately 9.03%. The amplitude of Bitcoin's price fluctuations has been significant, with an average amplitude of 24.91%. Market analysts predict potential low points for Bitcoin by September, with a -3.09% decline in 2022 and an average decline of -9.22%. If this year's performance aligns, Bitcoin's valuation could decrease to $23,240. However, it has the potential to close above $25,927, similar to 2015 and 2016 as well.

Legacy Healing Center Accepts Crypto Payment Option for More Addiction Treatment

Legacy Healing Center Accepts Crypto Payment Option for More Addiction Treatment

Legacy Healing Center, a US-based addiction treatment centre in Florida and New Jersey, aims to open the doors to more people seeking treatment by accepting Bitcoin (BTC) and Ethereum (ETH) as valid forms of payment.

FTX Founder Faces New Charges, Including Alleged $40M Bribe

FTX Founder Faces New Charges, Including Alleged $40M Bribe

FTX founder Sam Bankman-Fried is facing a new 13-count indictment, including an alleged $40 million bribe to a Chinese government official. The bribe was reportedly intended to unfreeze cryptocurrency accounts at FTX's affiliate firm, Alameda Research, which held over $1 billion worth of cryptocurrency.

Ninety Eight Launches $25M Ecosystem Fund to Boost Web3 Startups in Asia

Ninety Eight Launches $25M Ecosystem Fund to Boost Web3 Startups in Asia

Ninety Eight, transitioning from Coin98 Finance, has launched a $25M Ecosystem Fund to support Web3 startups in Asia, leveraging the Viction blockchain and $C98 token.

McAfee Admits 2020 Bitcoin Million Dollar Price Prediction Was a Ruse

McAfee Admits 2020 Bitcoin Million Dollar Price Prediction Was a Ruse

John McAfee, creator of the McAfee cybersecurity company has finally admitted that his famous 2020 million dollar Bitcoin price prediction, to which he staked his sex organ, was just a ruse to attract new users.

Jasmy Coin Price Analysis 2023: Breakout, Challenges, and Predictions for a Bull Run

Jasmy Coin Price Analysis 2023: Breakout, Challenges, and Predictions for a Bull Run

Jasmy Coin breaks above the downside trend line, but facing resistance at the 99-day MA.

European Union Parliament Considers Petition for Crypto Fraud Victims Fund

European Union Parliament Considers Petition for Crypto Fraud Victims Fund

European Union Parliament is considering a petition from a consortium of individuals and companies to establish a restitution fund for victims of crypto-fraud.

ChatGPT Forecasts the Likelihood of Ripple XRP Reaching $1 in 2023

ChatGPT Forecasts the Likelihood of Ripple XRP Reaching $1 in 2023

ChatGPT offers an analytical forecast on the likelihood of Ripple's XRP reaching $1 in 2023, taking into account key market and regulatory factors such as Bitcoin price trends and XRP's increasing adoption in international payments.

Post-Halving Prediction: Bitcoin Price Hitting $20,000 Only a Matter of Time

Post-Halving Prediction: Bitcoin Price Hitting $20,000 Only a Matter of Time

With the much-anticipated Bitcoin halving just around the corner, pundits, investors, and traders are keeping a keen eye on this event because mining rewards will be slashed from 12.5 BTC to 6.25 BTC. Crypto trader TheMoonCarl tweeted that the number of non-zero Bitcoin addresses had smashed the 30 million figure. As a result, he believes that the all-time high Price of BTC of $20,000 will be broken.

Dapper Labs Restricts Russian-based NFT Accounts, Abides by EU Sanctions

Dapper Labs Restricts Russian-based NFT Accounts, Abides by EU Sanctions

Dapper Labs said it is complying with new sanctions approved by EU member states amid Russia’s continued escalating conflicts in Ukraine.

FCA Restricts Rebuildingsociety.com, Impeding Binance's UK Compliance Efforts

FCA Restricts Rebuildingsociety.com, Impeding Binance's UK Compliance Efforts

The UK's Financial Conduct Authority (FCA) has imposed restrictions on Rebuildingsociety.com Ltd, a peer-to-peer lending platform, impacting its recent partnership with crypto exchange Binance for complying with the FCA's marketing regime. The regulation mandates firms to ensure transparent and fair marketing, affecting Binance’s strategy to serve the UK market. The move showcases the FCA's stringent stance towards ensuring marketing compliance, especially within the crypto sector.

Russian Top Digital Bank Tinkoff Explores Crypto Investment Services

Russian Top Digital Bank Tinkoff Explores Crypto Investment Services

Despite Russia’s Central Bank imposed ban and restrictions on cryptocurrency usage in the country, Tinkoff bank is examining potential cryptocurrency investments services to offer to its clients.

ChatGPT Predicts Solana SOL Price Could Reach $30 Again by the End of 2023

ChatGPT Predicts Solana SOL Price Could Reach $30 Again by the End of 2023

Utilizing ChatGPT and AI machine learning technologies, we analyzed Solana's future prospects, revealing that its SOL token may be undervalued and oversold, especially when compared to other major cryptocurrencies. Regulatory challenges, such as the SEC's recent classification of SOL as a security, add complexity to Solana's market position. Despite this, the platform's unique consensus model and strong performance in the NFT market make it a noteworthy competitor to Ethereum. ChatGPT's analysis suggests that SOL could reach $30 by the end of 2023, although investors should exercise caution and conduct their own research due to the volatile and regulatory-sensitive nature of the crypto market.

AI-Generated Artwork Not Eligible for Copyright, US District Judge Rules

AI-Generated Artwork Not Eligible for Copyright, US District Judge Rules

US District Judge Beryl A. Howell rules AI-generated artwork can't be copyrighted. Stephen Thaler's request for his AI-created image denied, emphasizing human authorship in copyright law

Mango Markets Exploiter Avraham Eisenberg Detained Awaiting Trial

Mango Markets Exploiter Avraham Eisenberg Detained Awaiting Trial

Puerto Rico judge detained Mango Markets exploiter Avraham Eisenberg. Bail hearings might result in detention orders. If a court orders detention, the defendant will stay in jail until the case is over or they are freed through bail review. Eisenberg was detained on Dec. 28 for market manipulation and fraud.

Tesla Stock and Bitcoin Rebound with S&P 500, But Bitcoin Price and Crypto Crash Still Predicted

Tesla Stock and Bitcoin Rebound with S&P 500, But Bitcoin Price and Crypto Crash Still Predicted

Tesla and Bitcoin’s price have both surged in the last 24 hours, however, chart analysis indicates that a Bitcoin price crash still looms for September.

European Crypto Miners Share Insights About Their Local Mining Industry

European Crypto Miners Share Insights About Their Local Mining Industry

dGen, a non-profit research organization, in its report, has revealed that the cryptocurrency miners in the European region believe that Europe's higher electricity prices as compared to that of Russia and China is due to the strict regulation, strong protections, and political stability.

CEO of IcomTech Pleads Guilty in Cryptocurrency Ponzi Scheme

CEO of IcomTech Pleads Guilty in Cryptocurrency Ponzi Scheme

Marco Ruiz Ochoa, former CEO of IcomTech, pleaded guilty to conspiracy to commit wire fraud for his role in a large-scale cryptocurrency Ponzi scheme. The company falsely promised high returns on cryptocurrency investments and used promotional tactics to lure victims. Ochoa now faces up to 20 years in prison.

Pantera Capital CEO Dan Morehead Predicts Bitcoin Price Rebound Despite Slow Economic Recovery

Pantera Capital CEO Dan Morehead Predicts Bitcoin Price Rebound Despite Slow Economic Recovery

In an investor letter, Dan Morehead Pantera Capital CEO explained why the current market environment could be a boom for Bitcoin as investors seek new opportunities.

Legal Team of Samuel Bankman-Fried Seeks to Question Involvement of FTX Lawyers in $300 Million Loans

Legal Team of Samuel Bankman-Fried Seeks to Question Involvement of FTX Lawyers in $300 Million Loans

Samuel Bankman-Fried's defense team has submitted a letter to U.S. District Judge Lewis A. Kaplan, seeking permission to question the involvement of FTX lawyers in the issuance of loans worth up to $300 million from Alameda Research to Gary Wang. The request comes after an October 1 court ruling provisionally barred any mention of FTX lawyers' involvement without prior permission. The defense aims to establish Bankman-Fried's good faith and lack of criminal intent in the ongoing money laundering case.

Terraform Labs (Luna) Co-Founder Pleads US Court to Dismiss SEC's Fraud Allegations

Terraform Labs (Luna) Co-Founder Pleads US Court to Dismiss SEC's Fraud Allegations

Terraform Labs and co-founder Do Kwon are defending against fraud and securities allegations by the U.S. SEC, arguing their cryptocurrencies are not securities, amidst a wider legal battle between crypto firms and regulators following the Terra ecosystem's $40 billion downfall in 2022.

Coinbase Censored By Apple

Coinbase Censored By Apple

Some features within the Coinbase app have been restricted for IOS users, sparking further discontent about the ‘pay-to-play’ model adopted by Apple.

Institutional Demand Can’t Keep Bitcoin Above $30K Says Guggenheim’s Minerd

Institutional Demand Can’t Keep Bitcoin Above $30K Says Guggenheim’s Minerd

Institutional investment in Bitcoin is not enough on its own to justify Bitcoin’s price levels said Guggenheim CIO Scott Minerd who predicts BTC will trend below the $30K level.

A Guide to Minimizing Risk in Crypto Trading

A Guide to Minimizing Risk in Crypto Trading

Risk management in crypto trading, shaped by market volatility, involves setting stop-losses, proper position sizing, using take-profit orders, and diversifying assets. Continuous learning is vital.

Victory Capital Applies to List A Crypto ETF to The US SEC

Victory Capital Applies to List A Crypto ETF to The US SEC

Victory Capital Management has become the latest investment firm to applies for a cryptocurrency exchange-traded fund.

Bored Ape Yacht Club wins legal battle

Bored Ape Yacht Club wins legal battle

Bored Ape Yacht Club (BAYC) creator Yuga Labs has won a legal battle against copycat non-fungible token (NFT) project RR/BAYC. The United States District Court found that the co-creators of RR/BAYC had infringed Yuga Labs’ trademarks, and Yuga Labs is entitled to an injunction and damages. In other news, Mandala Metaverse has chosen Polkadot to host its first major NFT drop, Final Fantasy developer Square Enix has partnered with Elixir Games for blockchain gaming, and a free-to-play multiplayer NFT cricket strategy game called Cricket Stars has launched on the Tezos blockchain.

Terraform Labs CEO Asks for Dismissal of SEC Charges

Terraform Labs CEO Asks for Dismissal of SEC Charges

Do Kwon, CEO of Terraform Labs, has requested the dismissal of charges filed by the SEC, arguing that the claims are invalid and that the agency lacked proper jurisdiction. Kwon's counsel stated that Terra's tokens and projects were not specifically targeted at U.S. investors. The South Korean district court previously dismissed security violation charges against the co-founder of Terraform Labs, Hyun-seong Shin, deeming LUNA as non-security under Korea’s Capital Markets Act.

Binance Suspends Crypto-based Derivatives Products in Hong Kong

Binance Suspends Crypto-based Derivatives Products in Hong Kong

Binance announced Friday that it no longer allow Hong Kong users to open new derivatives accounts, effective immediately.

UK Regulator FCA Appoints Victoria McLoughlin as Interim Head of Digital Assets Division

UK Regulator FCA Appoints Victoria McLoughlin as Interim Head of Digital Assets Division

The regulator hired as its experienced law veteran to strengthen its team and lead FCA’s digital assets department.

dYdX to Exit Canadian Market

dYdX to Exit Canadian Market

Cryptocurrency derivatives exchange dYdX is set to exit the Canadian market due to regulatory restrictions. The exchange will stop onboarding new Canadian users and move existing users to "close-only mode" over the next seven days, allowing them to only withdraw funds. dYdX is hoping for a change in the regulatory climate to resume services in the country.

Collins Dictionary Names "NFT" as the Word of the Year

Collins Dictionary Names "NFT" as the Word of the Year

As 2021 is coming to an end. A trending term of "NFT" has now been named "the word of the year" by Collins Dictionary, with blockchain-focused words Crypto and Metaverse also ranked high.

Ukraine receives over $70M in crypto donations

Ukraine receives over $70M in crypto donations

Ukraine has received over $70 million in cryptocurrency donations since the start of the conflict with Russia, with the majority of the funds coming in the form of Ether and Bitcoin. Donors have contributed to the nation's military equipment and humanitarian aid efforts, with non-fungible tokens also being donated.

Tokyo District Court Ordered Japan’s First Bitcoin Seizure

Tokyo District Court Ordered Japan’s First Bitcoin Seizure

The Tokyo District Court has set a legal precedent for the cryptocurrency industry in Japan, by issuing the first Bitcoin seizure.

Judge Considers Dismissing Shaquille ONeal and Naomi Osaka from FTX Lawsuit

Judge Considers Dismissing Shaquille ONeal and Naomi Osaka from FTX Lawsuit

A federal judge in Florida is considering dismissing Shaquille O’Neal and Naomi Osaka from the FTX lawsuit due to uncertainty about whether they were served. The judge reprimanded other celebrity defendants for not following proper procedure in requesting a conference extension. A consolidation request by some plaintiffs against FTX was denied, and lawyers for former FTX CEO Sam Bankman-Fried noted the possibility of pushing back the criminal trial scheduled for October 2023.

South Korea to Pump In a Whopping $12.8 Million into Blockchain Industry

South Korea to Pump In a Whopping $12.8 Million into Blockchain Industry

The adoption of blockchain technology is set to reach unprecedented levels in major countries, as recently announced by China’s President Xi Jinping. South Korea intends to follow suit based on the revelation made by the Ministry of Science and ICT that USD 12.8 million will be channeled to blockchain projects in 2020.

Bangladesh Cashing in into the Blockchain Bandwagon Ahead of the 'Fourth Industrial Revolution'

Bangladesh Cashing in into the Blockchain Bandwagon Ahead of the 'Fourth Industrial Revolution'

Blockchain technology has seen an increasing amount of adoption, from large conglomerates researching its uses and testing it out, to officials such as President Xi Jinping, endorsing and seizing the opportunities that it may bring. Dr. Mohammad Saifur Rahman, the US-based blockchain expert, said that blockchain can have applications in financial industries, including remittance, credit, and payment industries, as well as e-governance in Bangladesh.

Huawei Files Patent For Blockchain Ledger Storage and Device

Huawei Files Patent For Blockchain Ledger Storage and Device

Chinese technology giant Huawei has applied for a patent on a new blockchain-based storage systems.

Bangladesh Sends Graduates Abroad for Blockchain Training with IT Fund

Bangladesh Sends Graduates Abroad for Blockchain Training with IT Fund

Bangladesh has expressed its intentions to send 100 new graduates for Blockchain training in Japan and India according to reports by Bangladesh’s English-language newspaper The Daily Star on Aug 4.

South Korea’s Jeju Island Leverages Blockchain to Curb Depleted Electric Vehicle Batteries

South Korea’s Jeju Island Leverages Blockchain to Curb Depleted Electric Vehicle Batteries

Jeju Island’s government representatives have revealed that a blockchain-powered electric vehicle waste-battery distribution management system has been implemented based on a multi-year support. It will track the history of receipts of waste-batteries acquired at the Jeju Technopark Electric Vehicle Battery Industrialization Center that opened in June 2019.

Hong Kong Science and Technology Park: Turning Tech Startups' Visions into Reality

Hong Kong Science and Technology Park: Turning Tech Startups' Visions into Reality

Blockchain.News sat down with Peter Mok, Head of Incubation and Acceleration Programmes, HKSTP to gain further insight into the incubation initiative and the custom-made programs, that have been designed to support technology startups, and specifically how they could be utilized by blockchain startups.

Singapore to Pump $8.9 Million Into National Blockchain Ecosystem

Singapore to Pump $8.9 Million Into National Blockchain Ecosystem

The Singaporean government has deployed a US$ 8.9 million national blockchain initiative dubbed the Singapore Blockchain Innovation Program (SBIP).

Bangladesh Records First Blockchain-Based Remittance with Standard Chartered Bank

Bangladesh Records First Blockchain-Based Remittance with Standard Chartered Bank

The partnership between Standard Chartered Bank, bKash of Bangladesh, and Valyou of Malaysia has given Bangladesh its first blockchain-based cross-border remittance service.

Blockchain and IoT: Transforming Hong Kong into a Smart City

Blockchain and IoT: Transforming Hong Kong into a Smart City

Blockchain and IoT: Transforming Hong Kong into a Smart City

Blockchain-Based Driving Licenses in South Korea Hit One Million Drivers

Blockchain-Based Driving Licenses in South Korea Hit One Million Drivers

Blockchain-powered driving licenses were made available as an option in South Korea in May.

BLOCKCHAIN AFRICA CONFERENCE INVITES INDUSTRY TRAILBLAZERS

BLOCKCHAIN AFRICA CONFERENCE INVITES INDUSTRY TRAILBLAZERS

Place your brand at the epicentre of African blockchain technology and AI by showcasing your brand through speaking, sponsoring and exhibiting opportunities at the Blockchain Africa Conference 2020. We attract 600+ key stakeholders and media across the African and global blockchain ecosystem, creating the ideal opportunity to communicate your brand, products and services.

Newly Launched HKU FinTech Index Series Shows Positive Outlook for Hong Kong in 2020

Newly Launched HKU FinTech Index Series Shows Positive Outlook for Hong Kong in 2020

Newly launched HKU FinTech Index Series shows positive outlook for Hong Kong in 2020

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