Legal

The Bitcoin Policy Institute Launches the Peer-to-Peer Rights Fund to Help Defend Samourai Wallet Founders

May 22, 2024 Bitcoin.com

Bitcoin

The Bitcoin Policy Institute, a non-profit organization supporting bitcoin initiatives, has launched the Peer-to-Peer Rights Fund, a project seeking to protect bitcoin’s decentralized nature from regulatory overreach. The fund’s first objective is to aid in the defense of the founders of Samourai Wallet given the relevance of the case for the industry. Peer-to-Peer Rights Funds […]

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Wolf Capital co-founder pleads guilty to $9.4M Ponzi, promised 547% returns

$25M Sophisticated Ethereum Blockchain Exploit Leads to Arrests in US

May 17, 2024 Bitcoin.com

Anton Peraire-Bueno

The U.S. Department of Justice (DOJ) has indicted two brothers for wire fraud and money laundering. They allegedly exploited the Ethereum blockchain to steal $25 million in cryptocurrency within 12 seconds. Using sophisticated techniques, they manipulated transactions and concealed their identities. If convicted, each faces up to 20 years in prison for each count. DOJ […]

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Wolf Capital co-founder pleads guilty to $9.4M Ponzi, promised 547% returns

SEC Rejects Coinbase’s Call for New Crypto Regulations

May 13, 2024 Bitcoin.com

bitcoin.com

In a recent legal filing, the U.S. Securities and Exchange Commission (SEC) pushed back against Coinbase’s demands for a completely revamped regulatory framework for cryptocurrencies. The agency argued that existing rules are adequate and that it’s not required to create new regulations from scratch as Coinbase suggests. SEC Clings to Century-Old Rules in Response to […]

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Wolf Capital co-founder pleads guilty to $9.4M Ponzi, promised 547% returns

Kraken Challenges SEC Overreach in Recent Court Filing

May 12, 2024 Bitcoin.com

bitcoin.com

In a recent motion to dismiss a case brought by the Securities and Exchange Commission (SEC), cryptocurrency exchange Kraken argued that the SEC’s legal theory misinterprets crucial aspects of the case. The court document, dated May 9, 2024, claims the SEC fails to identify legitimate investment contracts involved in the transactions on Kraken’s platform. Kraken […]

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Wolf Capital co-founder pleads guilty to $9.4M Ponzi, promised 547% returns

SEC Opposes Coinbase’s Appeal Request in Ongoing Legal Battle

May 11, 2024 Bitcoin.com

bitcoin.com

The U.S. Securities and Exchange Commission (SEC) has urged a federal court to deny Coinbase’s interlocutory appeal, following a recent court decision that allowed a lawsuit involving the SEC and the cryptocurrency platform to proceed. Last month, Coinbase sought appellate review after failing to get the case dismissed, marking a significant development in the ongoing […]

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Wolf Capital co-founder pleads guilty to $9.4M Ponzi, promised 547% returns

Crackdown on Crypto Investment Scam Leads to Massive Raids in Argentina: $100 Million Operation Uncovered

May 10, 2024 Bitcoin.com

Argentina

The detainment of two Chinese and one Argentine national involved in a $1.25 million crypto investment scam led to the discovery of a $100 million operation in Argentina. According to local reports, the investigation resulted in the raid of a supermarket that was used as a facade for conducting illegal cryptocurrency mining operations, with dozens […]

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Wolf Capital co-founder pleads guilty to $9.4M Ponzi, promised 547% returns

Robinhood Prepares to Fight SEC in Court Over Crypto, CEO Reveals

May 7, 2024 Bitcoin.com

bitcoin.com

Robinhood Markets is preparing to fight the U.S. Securities and Exchange Commission (SEC) in court to defend its crypto business and establish “regulatory clarity in the United States for the benefit of our customers,” CEO Vlad Tenev said after his company received a Wells notice from the securities regulator. “The SEC’s continued attack on crypto, […]

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Wolf Capital co-founder pleads guilty to $9.4M Ponzi, promised 547% returns

Cartier Family Member Indicted for Using USDT to Launder Hundreds of Millions in Drug Trafficking Money

May 7, 2024 Bitcoin.com

bitcoin.com

Maximilien De Hoop Cartier, a descendant of the family famous for their French luxury goods Cartier, has been indicted for his participation in a network that allegedly used several shell companies to launder drug trafficking money proceeds using USDT. Cartier and five Colombian individuals allegedly conspired to directly launder $14.5 million and used these shell […]

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Wolf Capital co-founder pleads guilty to $9.4M Ponzi, promised 547% returns

Australian Court Rules Against BPS Financial for Unlicensed Crypto Operations

May 6, 2024 Bitcoin.com

ASIC

The Federal Court of Australia has ruled against BPS Financial for operating “Qoin Wallet” without proper licenses. The Australian Securities and Investments Commission (ASIC) underscores the importance of regulatory compliance to protect consumers in the volatile crypto market. ‘First Court Outcome’ Against Crypto Payment Facility The Federal Court of Australia has found that BPS Financial […]

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Wolf Capital co-founder pleads guilty to $9.4M Ponzi, promised 547% returns

Class Action Lawsuit Claims Coinbase Operates as Unregistered Broker

May 5, 2024 Bitcoin.com

bitcoin.com

A new class action lawsuit was initiated against the San Francisco-based cryptocurrency exchange Coinbase on May 3. The legal action claims that Coinbase deliberately sold securities that are unregistered with regulatory authorities. Additionally, the lawsuit charges Coinbase with operating as an unregistered securities broker. Lawsuit Alleges Coinbase Illegally Sold Securities Without Registration According to legal […]

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Wolf Capital co-founder pleads guilty to $9.4M Ponzi, promised 547% returns