New Documentary Chronicles Roger Ver and His Ongoing Legal Battle

January 27, 2025 Bitcoin.com

bitcoin.com

A new documentary exposes the high-stakes battle of Roger Ver, a libertarian crypto pioneer, as he confronts politically driven charges that epitomize the state’s assault on individual freedom. Documentary Exposes Crypto Pioneer’s Fight for Freedom From Lawfare A new documentary lays out the story of Roger Ver, known as “Bitcoin Jesus,” and his current fight […]

Bitcoin ETFs See Outflow of 5 Million, Ending Four Days of Consecutive Inflows

Bitcoin ETFs See Outflow of $235 Million, Ending Four Days of Consecutive Inflows

Government Sanctions on Tornado Cash Reversed by U.S. Courts in Landmark Ruling

January 22, 2025 The Daily Hodl

Altcoins

A new court ruling has reversed the sanctions placed on crypto mixer Tornado Cash (TORN) by the US government. According to a recent filing by the New Orleans-based U.S. Court of Appeals for the Fifth Circuit, the previous decision to place sanctions on the digital assets tumbler has been lifted. “It is ordered and Adjudged […]

The post Government Sanctions on Tornado Cash Reversed by U.S. Courts in Landmark Ruling appeared first on The Daily Hodl.

Bitcoin ETFs See Outflow of $235 Million, Ending Four Days of Consecutive Inflows

Judge orders BitMEX to pay $100M fine over US banking law violations

January 15, 2025 Coin Telegraph

BitMex

BitMEX has been hit with an additional financial penalty following its 2022 guilty plea for violating the US Bank Secrecy Act.

A federal judge has sentenced HDR Global Trading Limited, also known as the parent company of cryptocurrency exchange BitMEX, to two years of unsupervised probation and a $100 million fine.

In a Jan. 15 hearing in the US District Court for the Southern District of New York, Judge John Koeltl passed down the sentence against BitMEX, roughly six months after the crypto exchange pleaded guilty to violating the US Bank Secrecy Act by operating without “any meaningful” Anti-Money Laundering program. The crypto firm called the charges “old news” in July 2024, suggesting at the time it expected no additional fines.

In a statement to its users after the judgment, BitMEX said:

Bitcoin ETFs See Outflow of $235 Million, Ending Four Days of Consecutive Inflows

Ripple execs lash out at SEC’s refusal to postpone appeal filing

January 14, 2025 Coin Telegraph

Coin Telegraph

According to Ripple’s chief legal officer, the SEC will continue with its appeal of a judgment in the civil case despite Chair Gary Gensler stepping down in six days.

Though party leadership at the US Securities and Exchange Commission (SEC) will change hands on Jan. 20, the regulator appeared to be moving forward with its current lineup of enforcement cases in court.

In a Jan. 14 X post, Ripple chief legal officer Stuart Alderoty said the SEC would not be postponing its filing of a brief as part of the commission’s appeal of a judgment against the blockchain firm. In August, a judge found Ripple liable for $125 million as part of the SEC’s case, alleging the firm used XRP as an unregistered security to raise funds.

“What a waste of time and taxpayer dollars,” said Alderoty. “Nevertheless, we are confident in our position on appeal and look forward to working with new SEC leadership to resolve this matter.”

Bitcoin ETFs See Outflow of $235 Million, Ending Four Days of Consecutive Inflows

UK Court Rules Hard Drive Containing Over $700M in Bitcoin Belongs to Newport City Council

January 12, 2025 Bitcoin.com

UK Court Rules Hard Drive Containing Over 0M in Bitcoin Belongs to Newport City Council

bitcoin.com

A U.K. court rejected a lawsuit by James Howells seeking to force Newport City Council to allow him to search a landfill for a lost hard drive containing bitcoins. Claim Lacks Realistic Prospects of Success A U.K. court has dismissed a lawsuit filed by James Howells against Newport City Council for its refusal to allow […]

Bitcoin ETFs See Outflow of $235 Million, Ending Four Days of Consecutive Inflows

US prosecutors will search Do Kwon’s Twitter account for information

January 8, 2025 Coin Telegraph

Coin Telegraph

As part of discovery proceedings, prosecutors said they would search the Terraform Labs co-founder’s emails and Twitter account.

Update (Jan. 8 at 4:45 pm UTC): This article has been updated to include details from a Jan. 8 status conference.

Update (Jan. 8 at 6:18 pm UTC): This article has been updated to include the start date for Do Kwon’s trial.

Prosecutors representing the US government in its criminal case against Do Kwon have laid out their plans for discovery, including requesting search warrants for the Terraform Labs co-founder’s email and Twitter accounts.

Bitcoin ETFs See Outflow of $235 Million, Ending Four Days of Consecutive Inflows

Court stays order in SEC v. Coinbase case pending appeal

January 7, 2025 Coin Telegraph

Coin Telegraph

Judge Katherine Failla granted Coinbase’s request for an interlocutory appeal, citing different courts’ interpretations of what constituted a security under the SEC’s purview.

Cryptocurrency exchange Coinbase won a small victory in its civil case against the US Securities and Exchange Commission (SEC) after a federal judge granted an order for an interlocutory appeal.

In a Jan. 7 filing in the US District Court for the Southern District of New York, Judge Katherine Failla granted an appeal for an order denying Coinbase’s motion for judgment, which she filed in March 2024. Judge Failla ordered all proceedings in the case to be stayed until the Second Circuit ruled on an interlocutory appeal over the order.

One of the crucial arguments for the SEC’s case against Coinbase was alleging that “certain transactions involving crypto-assets qualified as investment contracts within the SEC’s regulatory purview,” i.e., as securities. Judge Failla said there was a “possibility of reversal” of her interpretation of investment contracts based on the Howey test, granting Coinbase’s appeal.

Bitcoin ETFs See Outflow of $235 Million, Ending Four Days of Consecutive Inflows

Canadian man says kidnappers wanted to torture him for his Bitcoin: Report

January 7, 2025 Coin Telegraph

Bail

An unnamed Canadian man says he’s been forced to move from one Airbnb to another to evade his suspected kidnappers.

A Canadian volunteer moderator of a crypto forum has reportedly gone into hiding with his family after kidnappers allegedly attempted to abduct him and force him to give up his Bitcoin.

The victim, who wasn’t named in Canadian French language news outlet La Presse’s Jan. 6 report, claims he saw the accused prepare a violent attack before he and his children managed to escape.

“It’s incredible violence,” the man told La Presse.

Bitcoin ETFs See Outflow of $235 Million, Ending Four Days of Consecutive Inflows

Recently Extradited Terra (LUNA) Founder Do Kwon Set To Appear in U.S. Court Today: Report

January 2, 2025 The Daily Hodl

Altcoins

The disgraced co-founder of the Terra (LUNA) ecosystem is set to appear in a US court today after recently being extradited from Montenegro. According to a new report by Reuters, Do Kwon is facing fraud charges in the US related to the multibillion-dollar downfall of Terra in 2022 and will make his first court appearance […]

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Bitcoin ETFs See Outflow of $235 Million, Ending Four Days of Consecutive Inflows

Crypto criminals who are spending their first New Year’s in prison

January 2, 2025 Coin Telegraph

Coin Telegraph

From Sam Bankman-Fried to the man responsible for hacking Bitfinex, many convicted felons are ringing in 2025 behind bars.

Though Bitcoin ended 2024 having reached an all-time high price of more than $100,000, the year also marked the end of criminal cases of many high-profile cryptocurrency industry leaders and scammers.

In its heyday, FTX was one of the most prominent cryptocurrency exchanges in the world, bringing in millions of users from dozens of countries. That changed in less than a week in November 2022 after the firm reported liquidity problems and was forced to declare bankruptcy.

After a lengthy extradition process from the Bahamas, former FTX CEO Sam “SBF” Bankman-Fried was moved to United States custody and initially released on bond. He was held in a correctional facility after a federal judge revoked his bail in August 2023, prior to his criminal trial, conviction and sentencing.

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