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US Crypto Lawsuits Reach All-Time High With 42% Increase in 2022; SEC Cases Dominate Legal Battles

US Crypto Lawsuits Reach All-Time High With 42% Increase in 2022; SEC Cases Dominate Legal BattlesA new study on digital currency-related lawsuits since 2018 shows a 42% increase in crypto lawsuits in 2022. The highest number of claims in a single year was recorded last year, with 41 total claims in the United States. The research also shows that the majority of lawsuits came from the U.S. Securities and Exchange […]

Hong Kong ETFs begin trading, issuers unfazed if US declares ETH a security

Osprey Vies for Control of Grayscale’s Bitcoin Trust; Tron’s Justin Sun Offers to Invest Up to $1B on DCG Assets

Osprey Vies for Control of Grayscale’s Bitcoin Trust; Tron’s Justin Sun Offers to Invest Up to B on DCG AssetsFollowing charges by the U.S. Securities and Exchange Commission against the crypto exchange Gemini and the digital currency lender Genesis, Tron founder Justin Sun told the press that he may be able to purchase assets from Genesis, up to $1 billion, “depending on their evaluation of the situation.” Additionally, the crypto investment manager Osprey has […]

Hong Kong ETFs begin trading, issuers unfazed if US declares ETH a security

Report: Alameda’s Caroline Ellison Retains SEC’s Former Enforcement Division Chief

Report: Alameda’s Caroline Ellison Retains SEC’s Former Enforcement Division ChiefAfter more attention has been cast on the former Alameda Research CEO Caroline Ellison, a report details that Ellison has hired Wilmerhale partner Stephanie Avakian, an attorney that worked for the U.S. Securities and Exchange Commission (SEC). The news follows leaked documentation of Ellison’s alleged margin position, and the ex-Alameda executive reportedly being spotted at […]

Hong Kong ETFs begin trading, issuers unfazed if US declares ETH a security

Report: FTX Co-Founder SBF Retains White-Collar Lawyer Who Represented Ghislaine Maxwell

Report: FTX Co-Founder SBF Retains White-Collar Lawyer Who Represented Ghislaine MaxwellOn Dec. 6, 2022, the former FTX CEO Sam Bankman-Fried (SBF) reportedly retained the attorney Mark Cohen, the lawyer that represented Ghislaine Maxwell during her recent sex trafficking case. SBF’s spokesperson further explained that the FTX co-founder is being consulted by a professor at Stanford Law School, David Mills. Sam Bankman-Fried Hires Attorney Who Represented […]

Hong Kong ETFs begin trading, issuers unfazed if US declares ETH a security

Salvadoran Group Files Lawsuits Against President Nayib Bukele on Lack of Transparency in Bitcoin Purchases

Salvadoran Group Files Lawsuits Against President Nayib Bukele on Lack of Transparency in Bitcoin PurchasesCristosal, a Salvadoran nonprofit human rights organization, has filed three lawsuits related to President Nayib Bukele’s management of public funds to purchase bitcoin. The processes are being run before several national and international bodies, and call for the government to offer information on these purchases. President Nayib Bukele Sued by Salvadoran Nonprofit Cristosal On Nov. […]

Hong Kong ETFs begin trading, issuers unfazed if US declares ETH a security

Crypto Miners in Russia’s Irkutsk Region Fined Almost $1.7 Million This Year

Crypto Miners in Russia’s Irkutsk Region Fined Almost .7 Million This YearAuthorities in the energy-rich Russian region of Irkutsk have imposed hefty fines on crypto miners this year for illegal use of electricity to produce digital currencies. Power utilities have also filed hundreds of lawsuits, a report reveals, quoting prosecutors. Irkutsk Crypto Miners Pay 100 Million Rubles in Fines in 2022 Cryptocurrency mining has become a […]

Hong Kong ETFs begin trading, issuers unfazed if US declares ETH a security

Goldman Sachs Downgrades Coinbase to Sell Rating — Analyst Says Firm Needs to Make Cost Base Reductions

Goldman Sachs Downgrades Coinbase to Sell Rating — Analyst Says Firm Needs to Make Cost Base ReductionsAnalysts from the multinational investment bank and financial services company Goldman Sachs Group Inc. have downgraded Coinbase Global Inc. in a note to investors on Monday. Today, Coinbase shares are down 83.68% from the stock’s all-time high (ATH) in November 2021. Goldman analyst William Nance explained that his group of market strategists believes “Coinbase will […]

Hong Kong ETFs begin trading, issuers unfazed if US declares ETH a security

Crypto-Related Lawsuits Rising in Russia, Criminal Cases Increase by 40%

Crypto-Related Lawsuits Rising in Russia, Criminal Cases Increase by 40%Courts in Russia are hearing a growing number of cases around crypto assets, a new study has shown. About two-thirds of them have been launched under provisions of the country’s Criminal Code but civil cases represent a large share as well. Criminal Cases Involving Cryptocurrency in Russia Near 1,000 in 2021 Lawsuits related to cryptocurrency, […]

Hong Kong ETFs begin trading, issuers unfazed if US declares ETH a security

Utility Seeks $800,000 From Russians Mining Crypto With Cheap Power

Utility Seeks 0,000 From Russians Mining Crypto With Cheap PowerThe main utility company in Irkutsk is looking to collect almost $800,000 from owners of crypto farms that have allegedly caused a spike in electricity consumption in the Russian region. The supplier accuses the miners of burning cheap household electricity in what is, in fact, a business activity. Power Utility Takes Crypto Miners to Court […]

Hong Kong ETFs begin trading, issuers unfazed if US declares ETH a security

Twitter CEO Jack Dorsey Launches New Legal Defense Fund To Protect Bitcoin Developers From Lawsuits

The former head of Twitter is spearheading a new effort to advocate on behalf of Bitcoin (BTC) developers in legal matters. Jack Dorsey announced the creation of the nonprofit Bitcoin Legal Defense Fund (BLDF) in an email sent to members of the developer community. “The Bitcoin community is currently the subject of multi-front litigation. Litigation […]

The post Twitter CEO Jack Dorsey Launches New Legal Defense Fund To Protect Bitcoin Developers From Lawsuits appeared first on The Daily Hodl.

Hong Kong ETFs begin trading, issuers unfazed if US declares ETH a security