Crypto firm crises bring over $700m to legal professionals

The legal industry has risen as a major beneficiary amid the financial downturn of several prominent cryptocurrency firms, garnering hundreds of millions in fees. дальше »

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Why Crypto Collapses Are the New Legal Goldmine

The bankruptcy cases in the crypto industry have turned into a windfall for lawyers, who've netted over $700 million in fees. However, this boon for legal professionals exacerbates the tension between cryptocurrency's democratic ethos and the stark reality faced by its amateur investors. дальше »

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ECB executive Fabio Panetta aims for digital euro expansion

The European Central Bank executive, Fabio Panetta, stated in a speech that the EC proposal for the digital euro could give the CBDC legal tender status. In a speech at the Economic and Monetary Affairs Committee, the executive said that… дальше »

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Crypto collapses generate hundreds of millions of dollars for lawyers

Lack of cryptocurrency regulations have made the legal work on crypto bankruptcies more difficult and expensive, FTX lawyers said. дальше »

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XRP's volume outpaces SOL and BNB: What does it mean for you?

XRP experienced a significant surge in trading volume compared to other altcoins. Legal battles with the SEC and price fluctuations posed challenges for XRP's future performance. In recent wThe post XRP's volume outpaces SOL and BNB: What does it mean for you? appeared first on AMBCrypto. дальше »

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Elon Musk Accuses Anti-Defamation League of Damaging X (Twitter) Reputation

Elon Musk is taking legal action against the Anti-Defamation League, blaming it for a significant drop in X's ad revenue and putting the spotlight on the complexities of free speech in social media. дальше »

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Binance Faces Ongoing Executive Exodus Amidst Regulatory Scrutiny

Binance, one of the world’s largest cryptocurrency exchanges, continues to experience a wave of executive departures as it grapples with regulatory challenges and legal scrutiny in the United States and Europe. дальше »

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Gala Games co-founders clash in opposing lawsuits seeking $130M, $600M in damages

The co-founders behind the blockchain firm Gala Games have initiated legal proceedings against each other, according to recent court filings. First case concerns alleged $130M theft The first case, which Gala co-founder Eric Schiermeyer filed on Aug. дальше »

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Gala Games Scandal: CEO Claims Co-Founder Brains Behind $130-M Token Theft

Gala Games CEO Eric Schiermeyer has launched a legal battle against his co-founder, Wright Thurston, and his investment firm, True North United Investments. Schiermeyer alleges that around $130 million worth of GALA tokens were stolen in early 2021, setting the stage for a contentious legal showdown. дальше »

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Failure to tax the metaverse ‘will create a tax haven’ — Harvard legal expert

Harvard scholar Christine Kim writes that income and wealth in the metaverse should be subject to immediate taxation.

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Co-Founder Clash Sinks GALA: The Last Thing Crypto Market Needs Right Now is Another Legal Battle Worth $130 Million

The last thing the cryptocurrency world needed was another legal skirmish involving a popular token, but it appears the inevitable has occurred. GALA, the digital currency underpinning Gala Games, is caught in a maelstrom of legal woes that have far-reaching consequences for both the company and its investors. дальше »

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Pro-XRP Legal Expert Takes The Spotlight With Daring Ripple Vs SEC Settlement Theory

There have been talks about the US Securities and Exchange Commission (SEC) and Ripple Labs reaching a settlement following the ruling that XRP isn’t a security. Following this, Pro-XRP lawyer John Deaton has stated a key factor that could lead to a settlement between both parties. дальше »

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Grayscale's Legal Win Versus SEC Makes Spot Bitcoin ETF Approval More Likely: JPMorgan

For the SEC to defend its denial of Grayscale’s proposal to convert GBTC into an ETF, it would have to withdraw its previous approval of futures-based bitcoin ETFs, which is unlikely, the report said. дальше »

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Gala Games Co-Founders Battle Over 8.6 Billion GALA Tokens

Gala Games co-founders are locked in a legal battle over 8. 6 billion GALA tokens. The case underscores regulatory challenges and potential governance shifts. The post Gala Games Co-Founders Battle Over 8. дальше »

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Ripple Moves To Have SEC’s Request To Appeal XRP Decision Denied

The Ripple legal team has pushed back against the Securities and Exchange Commission's (SEC) request to seek an interlocutory appeal in their ongoing legal fight, arguing that the regulator hasn’t satisfied the... дальше »

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Gala Games co-founders to lock horns in court

Gala Games is embroiled in an ongoing legal battle between its CEO Eric Schiermeyer and Wright Thurston, the founder of True North United Investments. дальше »

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GALA Falls 8% as Leadership Team Faces $130 Million Token Theft Dispute

The leadership team of blockchain gaming project Gala Games is embroiled in a legal dispute over an alleged theft of tokens worth $130 million. The post GALA Falls 8% as Leadership Team Faces $130 Million Token Theft Dispute appeared first on BeInCrypto. дальше »

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Ripple’s Chief Legal Officer Claims SEC is Losing the Enforcement Battle

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New SEC hedge fund rules not expected to trouble crypto firms

The SEC overstepped its legal mandate when it issued sweeping new rules, plaintiffs said. дальше »

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China’s Cryptocurrency Verdict: Legal Property Or Trouble Ahead?

Cryptocurrency has long been a contentious subject in China, with the government imposing strict regulations and outright bans on various aspects of the industry. However, a recent report from China’s People’s Court challenges this historical stance, offering newfound recognition to virtual assets as legal property. дальше »

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DeFi could overtake CeFi in the next bull run: CZ

CZ called the ruling as “extremely positive”. DEX share in the total crypto spot trading market rose to 17.7%. Decentralized exchange (DEX) Uniswap's [UNI] recent legal victory was unaniThe post DeFi could overtake CeFi in the next bull run: CZ appeared first on AMBCrypto. дальше »

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Ripple Pushes Back Against SEC’s Appeal Request With New Court Filing

In its latest court filing, the legal team representing Ripple Labs – the company behind the XRP token – argued that the United States Securities and Exchange Commission (SEC) doesn’t have the grounds to request an appeal. дальше »

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Ripple submits new appeal in legal battle with SEC

Ripple's lawyers filed a new appeal on 1 September. Brad Garlinghouse has expressed discontentment over the SEC's actions.  Lawyers representing Ripple [XRP] have challenged the United StatThe post Ripple submits new appeal in legal battle with SEC appeared first on AMBCrypto. дальше »

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Navigating the significance of legal opinions in the crypto sphere

The need for legal clarity has become paramount in the ever-evolving landscape of cryptocurrency, where innovation meets regulation. The recent legal battles involving major crypto exchanges and regulatory authorities underscore the importance of obtaining comprehensive legal opinions for token projects. дальше »

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China's courts recognize virtual assets as legal property

The report affirms that existing Chinese law legally recognizes virtual assets as property. This recognition is particularly noteworthy considering China's prior stance on foreign digital assetThe post China's courts recognize virtual assets as legal property appeared first on AMBCrypto. дальше »

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Ripple legal team opposes SEC appeal over XRP decision

Lawyers argued the SEC’s grounds for an appeal was based on “dissatisfaction” with a July court decision that the XRP token did not largely qualify as a security. дальше »

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China’s Rulers Give Mixed Signals on Crypto’s Legal Status

Cryptocurrency is now legal property under Chinese law, at least in theory. But a crackdown on crypto entrepreneurs continued unabated. The post China’s Rulers Give Mixed Signals on Crypto’s Legal Status appeared first on BeInCrypto. дальше »

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Robinhood buys back $606m shares seized from Bankman-Fried

Robinhood successfully reclaims $606 million in disputed shares linked to FTX’s Bankman-Fried, resolving legal complexities and boosting stock performance. Robinhood has successfully reacquired 55. дальше »

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Chinese court contradicts government’s stance on virtual currencies, declares them to be legal property

A Chinese court has reportedly ruled that virtual currency should not be immediately treated as illegal under the nation’s legal framework, in apparent contravention to prevailing CCP policy. дальше »

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Chinese Court Affirms Legality of Virtual Assets, Grants Legal Protection: Report

Сообщение Chinese Court Affirms Legality of Virtual Assets, Grants Legal Protection: Report появились сначала на Coinstelegram.

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China’s Court Says Crypto, Digital Assets are Legally Protected

A recent report from China identifies digital assets, including crypto, as legal properties within the country's legal framework. дальше »

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China court declares virtual assets legal properties protected by law: Report

Despite a blanket ban on cryptocurrencies imposed by Beijing in 2021, many Chinese courts over the years have established that virtual asset holders have property rights. дальше »

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Bitcoin Unveiled Trail: Q4 Tumble, ETF Battles, Mt. Gox Drama, And Economic Shivers Await

In a recent legal win for Grayscale against the US Securities and Exchange Commission (SEC), Bitcoin (BTC) soared to $27,000. However, the bullish sentiment seems to have waned as the cryptocurrency has retraced to $26,000. дальше »

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How the Sweepstake Model Has Adapted to Include Crypto

Sweepstake casinos are growing in popularity across the world, especially in the United States. Sweepstake casinos have introduced legal online casino gaming to millions of people in the US who previously could not play casino games online and win money. дальше »

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US Court Defies SEC Interpretation Of Crypto, XRP Lawyer Weighs In

Regulators are still figuring out how to oversee crypto, but some recent judicial rulings show promise for the industry’s legal battles with the US Securities and Exchange Commission (SEC). Bill Morgan, an attorney representing Ripple in its protracted legal battle with the SEC, has been vocal about the evolving judicial stance on crypto. His recent comments underline […] дальше »

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Binance to halt BUSD support due to legal issues

On Aug. 30, Binance informed users via its in-app notification about its intended discontinuation of the BUSD stablecoin support in early 2024. Binance intends to cease support for the BUSD stablecoin. дальше »

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What does Bitcoin Cash's future look like?

Bitcoin Cash bounced back after Grayscale's legal win and increased market interest. Positive sentiment, rising social engagement, and whales impacted BCH's resurgence. Following Grayscale'sThe post What does Bitcoin Cash's future look like? appeared first on AMBCrypto. дальше »

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Is Dogecoin Set To Blast Off As X (Twitter) Becomes Crypto-Ready? All Thanks To Elon Musk

X—previously known as Twitter—has secured a currency transmitter license from Rhode Island’s regulatory authorities. This monumental move grants X the legal clearance to offer a suite of cryptocurrency-related services, including payments and trading, within the United States. дальше »

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Why Uniswap's legal victory may seem hollow for hopeful UNI holders

Class action suit against Uniswap tossed out after failing to secure merit. Assessing the impact of the lawsuit on Uniswap’s operations. The crypto world, and more specifically DeFi has seThe post Why Uniswap's legal victory may seem hollow for hopeful UNI holders appeared first on AMBCrypto. дальше »

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Grayscale’s Bitcoin ETF optimism bolsters crypto market sentiment

Grayscale's legal victory against the SEC renews optimism for a US Bitcoin ETF, boosting trading, investor sentiment, and overall financial markets дальше »

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Sam Bankman-Fried Might Not Stand Trial in October After All, Judge Says

The latest twist in the legal saga of FTX founder Sam Bankman-Fried.

The post Sam Bankman-Fried Might Not Stand Trial in October After All, Judge Says appeared first on BeInCrypto.

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Shibarium Reaches Key Goals: Is SHIB Poised For New Heights?

In a surprising turn of events, Shiba Inu (SHIB) experienced a brief consolidation break, reaching a 10-day high of $0. 00000850, following the overall market uptrend on Tuesday.   This upswing was further fueled by Grayscale’s legal victory against the US Securities and Exchange Commission (SEC). дальше »

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XRP Poised For Bullish Breakout: Inverted Hammer Formation Signals Rise Above $0.8 Resistance

After the initial excitement surrounding Ripple Lab’s partial legal victory against the US Securities and Exchange Commission (SEC) subsided, XRP experienced a decline that led it to test its 4-month support line at $0. дальше »

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GBTC Shares See Volumes Climb To 2-Year High Amid Grayscale’s Victory Lap

On August 29, the US Court of Appeals ruled in favor of Grayscale in its legal battle against the US Securities and Exchange Commission (SEC). Following this, Grayscale’s GBTC shares trading volume significantly increased, climbing to a 2-year high in the process. дальше »

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Just in: Uniswap (UNI) class action lawsuit dismissed

The Uniswap community cheered positive news after the judge dismissed a class action suit against the decentralized exchange. The victory comes after several legal proceedings and an evaluation of the protocol’s regulatory compliance. дальше »

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Bigger Than The XRP Win? Uniswap Triumphs Over “Scam Tokens” Accusations

Another significant crypto entity scored a victory in the US legal system as Ethereum-based crypto exchange Uniswap won a class action. The legal battle was fundamental for the platform as it could have set a dangerous precedent for the nascent industry. дальше »

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Binance Ditches Third-Party Banks As It Unveils Its Own Crypto-To-Cash Off-Ramp Service

Amid regulatory scrutiny and potential legal repercussions, Binance moves forward with its developmental processes by launching a new crypto-to-cash bank service in Latin America.  Binance Launches “Send Cash” In Latin America Binance, the world’s leading crypto exchange has shocked the industry after announcing the launch of a new crypto-to-bank payment platform, Send Cash in nine […] дальше »

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Bitcoin Cash Surges 19% Following Grayscale Win Against SEC, with Wall Street Memes Also Pumping

Bitcoin (BTC) saw an 8% uptick on 29 August, reaching over the $28,000 mark for the first time in two weeks, following Grayscale’s recent legal victory against the U. S. Securities and Exchange Commission (SEC). дальше »

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US government challenges validity of SBF’s legal defense

The US Department of Justice (DOJ) has expressed reservations over the validity of FTX founder Sam Bankman-Fried's legal strategy. дальше »

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Peter Schiff calls Grayscale’s legal win bearish for Bitcoin

Bitcoin critic Peter Schiff warns that Grayscale’s recent legal victory in converting its GBTC to a spot Bitcoin ETF could be bearish for the cryptocurrency. Schiff wrote in an Aug. 29 tweet, “GBTC becoming a spot ETF is actually bearish… дальше »

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