Tag: legal

Jan 22 2021

Want to fight against Craig Wright’s ‘ownership’ of Bitcoin? Here’s what to do

Jan 22 2021 Published at CryptoSlate under tags  btcusd legal

The computer scientist claims to have “invented” Bitcoin. And he is now forcefully taking over the asset’s open-source whitepaper. Take down the whitepaper Controversial Australian computer scientist Craig Wright is now threatening to sue the Bitcoin.org...

Jan 15 2021

Kraken to Halt XRP Trading for U.S. Residents

Jan 15 2021 Published at Kraken Blog under tags  featured | kraken news legal products xrp

Given the recent SEC filing against Ripple Labs Inc., we are halting XRP trading for U.S. residents no later than January 29, 2021 at 5pm PT (January 30, 2021 at 1:00 UTC). We may begin implementing this process at any time on January 29, 2021,… The post Kraken to Halt XRP Trading for U.S. Residents appeared first on...

Jan 14 2021

What does the January 15 deadline hold for Tether, the world’s biggest stablecoin

Jan 14 2021 Published at CryptoSlate under tags  btcusd legal regulation stablecoins

Tomorrow is an important date for the issuers of Tether, a USD-pegged stablecoin. But what does it mean? Tether, the crypto heartbeat Tether Limited, the company behind the widely-used Tether (USDT) stablecoin, will submit several documents explaining its legality to the New York Prosecutor’s Office tomorrow, Jan....

DC Magistrate Judge Calls Unhosted Wallet ‘Horror Story’ a ‘Fiction’

“Indeed, cash poses a greater challenge to law enforcement than cryptocurrency in unhosted wallets," wrote Judge Zia Faruqui in an opinion on a forfeiture case.

Jan 08 2021

Brad Garlinghouse answers tough questions on Ripple (XRP) lawsuit

Jan 08 2021 Published at CryptoSlate under tags  legal price watch xrpusd

The Ripple co-founder allegedly pocketed hundreds of millions from illegal XRP sales, among other allegations. Garlinghouse speaks up Ripple co-founder Brad Garlinghouse took to Twitter this morning to explain his side of the story amidst the ongoing US SEC...

Jan 04 2021

Julian Assange’s Extradition to US Blocked Over Mental Health Concerns

A judge at the U.K.'s Central Criminal Court ruled Monday that there would be a "high risk" of suicide if Assange was sent to face charges in the U.S.

Dec 30 2020

Serbia Legalizes Digital Assets Trading and Issuance

Serbia will now permit the issuance and trading of digital assets under a law that went into effect this week.

Dec 28 2020

Pending the SEC lawsuit against Ripple, Coinbase announces it will suspend XRP trading on January 19

Dec 28 2020 Published at CryptoSlate under tags  exchanges legal price watch xrpusd

On Monday, Dec. 28, Coinbase's Chief Legal Officer, Paul Grewel, announced via a Medium post that Coinbase will suspend XRP trading on January 19, 2021, pending the SEC lawsuit against Ripple Labs. In the post, Grewel noted: "The trading suspension will not affect customers’ access to XRP wallets which will remain...

Dec 24 2020

Ripple “partner” MoneyGram now says it never used XRP or RippleNet

Dec 24 2020 Published at CryptoSlate under tags  legal partnerships xrpusd

The punches keep on coming for Ripple, days after the SEC launched a defining lawsuit against the company and its founders for having sold “unlicensed” securities in the US, MoneyGram distances from Ripple International payments processor MoneyGram distanced itself from Ripple yesterday as various charges were levied against the company and its founders....

Dec 22 2020

XRP falls 17% as Ripple faces US SEC action

Dec 22 2020 Published at CryptoSlate under tags  legal xrpusd

The issuer of XRP tokens has come in the regulatory crosshairs for their alleged illegal distribution. Lawsuit coming for Ripple Ripple faces a class- action lawsuit from US authorities for its alleged involvement in the illegal issuance and distribution of XRP tokens,...

Dec 20 2020

Top Silicon Valley VC defends crypto amid proposal of controversial Treasury rule

Dec 20 2020 Published at CryptoSlate under tags  adoption legal regulation

Yesterday, the U.S. Treasury's FinCEN branch confirmed that it is working on cracking down on crimes enabled by Bitcoin and other cryptocurrencies. A to- be-published document from the Financial Crimes Enforcement Network indicated that the rule will force virtual asset service providers to verify the name and address of non-custodial wallet users for any transaction exceeding $3,000. Some also think that this applies to...

Dec 18 2020

One of Bitcoin’s earliest users might soon get a U.S. presidential pardon

Dec 18 2020 Published at CryptoSlate under tags  btcusd legal

Silk Road founder Ross Ulbricht, who operated the dark web site from 2011 to 2013 before his arrest, could soon get pardoned by US President Donald Trump if things work out. Silk Road was among the first public businesses...

Nov 24 2020

BitMEX Founder’s Charges Highlight Risks for DeFi

Nov 24 2020 Published at CoinDesk under tags  bitmex cftc doj legal opinion

The case against BitMEX, an offshore crypto trading platform, has regulatory implications for the burgeoning DeFi market.

Nov 13 2020

Payza Founders Sentenced in $250M Money Laundering Case

Nov 13 2020 Published at CoinDesk under tags  legal money laundering news payza

Canadian brothers Firoz and Ferhan Patel are headed to prison after admitting their payments company had broken the law.

Nov 09 2020

Crypto “bank” Cred files for bankruptcy after alleged multimillion fraud case

Nov 09 2020 Published at CryptoSlate under tags  legal

Crypto lending firm Cred filed for a voluntary Chapter 11 case in the United States Bankruptcy Court for the District of Delaware to explore strategic alternatives, including, without limitation, the restructuring of its balance sheet or the sale of its business as a going concern, in a court-supervised process, it said in a release on Saturday....

Oct 26 2020

Ethereum dev Virgil Griffith battles North Korea aiding charges against the US

Oct 26 2020 Published at CryptoSlate under tags  ethusd legal

Ethereum developer and Wikiscanner creator Virgil Griffith filed a motion last week to dismiss US government charges of him “aiding” the North Korean government, documents released last week showed. Griffith was...

Oct 06 2020

US SEC charges and arrests John McAfee after $23 million in illegal Bitcoin, ICO gains

Oct 06 2020 Published at CryptoSlate under tags  legal

The US Securities and Exchange Commission (SEC) filed a suit against cybersecurity entrepreneur John McAfee for his alleged role in manipulating cryptocurrency prices using his social media influence. "From at least November...

Oct 03 2020

Lawyers, execs explain how BitMEX news could help Bitcoin ETF chances

Oct 03 2020 Published at CryptoSlate under tags  analysis btcusd legal regulation

On Thursday, the industry was shocked by the news that leading Bitcoin derivatives exchange BitMEX was formally charged by the U.S. Commodities and Futures Trading Commission (CFTC) over concerns around derivatives and anti- money laundering violations. Simultaneously, the co-founders of the exchange, including...

Sep 24 2020

Are the US & the EU Making Moves to Standardize Crypto Regulations?

Two important regulatory developments took place last week in the EU and the US. Here's what you need to know.

Sep 22 2020

Craig Wright of Bitcoin SV Won’t Escape Latest Crypto Lawsuit

Sep 22 2020 Published at Crypto Briefing under tags  legal people

Bitcoin SV leader Craig Wright is involved in another court case concerning the early days of Bitcoin. According to court reports, this case involves a claim to $1 billion worth of Bitcoin. The Case In Brief The case concerns Ira Kleiman, who has filed a claim on behalf of his deceased brother David Kleiman. Allegedly, half of Wright's Bitcoin earnings rightfully belong to...

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