Legal

UN Raises Human Rights Concerns in Telegram Founder Pavel Durov’s Case

September 3, 2024 Bitcoin.com

Arrest

The United Nations has expressed serious concerns about the arrest and charges against Pavel Durov, founder of Telegram, citing potential human rights issues. A U.N. spokeswoman called for adherence to international human rights standards, emphasizing the need for legality and proportionality in regulating social media platforms. United Nations Raises Human Rights Concerns Over Arrest of […]

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Crypto sentiment index drops to October levels as Bitcoin dips under $92K

Coinbase Legal Chief Criticizes SEC’s Vague Position on FTX Plan — Says Investors Deserve ‘Way Better’

September 2, 2024 Bitcoin.com

Assets

Coinbase’s chief legal officer has criticized the U.S. Securities and Exchange Commission (SEC) for its ambiguous position regarding FTX’s proposal to repay creditors using stablecoins or other cryptocurrencies. Although the SEC did not explicitly deem these transactions illegal, it retained the right to contest them, leading to frustration within the crypto community. This uncertainty has […]

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Crypto sentiment index drops to October levels as Bitcoin dips under $92K

SEC Warns FTX Over Legality of Crypto Asset Distribution in Chapter 11 Plan

September 2, 2024 Bitcoin.com

Bankruptcy

The U.S. Securities and Exchange Commission (SEC) has raised concerns over FTX’s plan to pay back claims using its “crypto asset securities.” The SEC’s Senior Trial Counsel, Therese Scheuer, has reserved the right to challenge these transactions under federal securities laws. FTX’s Crypto Repayment Plan Faces Potential SEC Challenge The FTX bankruptcy saga is moving […]

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Crypto sentiment index drops to October levels as Bitcoin dips under $92K

Brazilian Supreme Court Bans X, Imposes Fines for VPN Circumvention

September 1, 2024 Bitcoin.com

Alexandre de Moraes

The Brazilian Supreme Court ordered a nationwide ban on X after a prior order mandating the social platform to assign a local representative was ignored. Brazilians began to lose access to the site on Saturday, as the Supreme Court prohibited citizens from using virtual private network (VPN) software to circumvent the blockage, establishing fines of […]

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Crypto sentiment index drops to October levels as Bitcoin dips under $92K

Ripple, Kraken Legal Chiefs Weigh in on Court Decision in SEC’s Crypto Securities Lawsuit

August 25, 2024 Bitcoin.com

bitcoin.com

The chief legal officers at Kraken and Ripple have weighed in on the Federal Court for the Northern District of California’s recent decision in the U.S. Securities and Exchange Commission’s lawsuit against Kraken. “Another court, this time in the Kraken case, confirms there’s no such thing as a ‘crypto asset security.’ Bad news for the […]

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Crypto sentiment index drops to October levels as Bitcoin dips under $92K

US Court Denies Kraken’s Motion to Dismiss SEC Crypto Securities Lawsuit

August 24, 2024 Bitcoin.com

ada

The U.S. District Court for the Northern District of California has denied Kraken’s motion to dismiss a lawsuit by the U.S. Securities and Exchange Commission (SEC). The court determined that the SEC “has plausibly alleged” that certain crypto tokens traded on the Kraken exchange could be considered securities, thereby allowing the case to proceed. Kraken’s […]

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Crypto sentiment index drops to October levels as Bitcoin dips under $92K

Kraken Crypto Exchange Operator Fined by Australian Court

August 24, 2024 Bitcoin.com

ASIC

The Federal Court of Australia has ruled that Bit Trade Pty Ltd., operating crypto exchange Kraken in Australia, failed to meet regulatory obligations for its margin trading product. The product was offered without a required market determination, breaching the Corporations Act. ASIC emphasized the need for compliance in the crypto industry, aiming to ensure consumer […]

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Crypto sentiment index drops to October levels as Bitcoin dips under $92K

Man Faces 20-Year Prison Sentence in Crypto Money Laundering Case

August 23, 2024 Bitcoin.com

bitcoin.com

A Rhode Island resident has pleaded guilty to money laundering conspiracy linked to an international drug trafficking ring. The operation laundered over $25 million using cryptocurrency, with Villa directly involved in converting cash into crypto. Villa faces up to 20 years in prison and a significant fine. Rhode Island Man Pleads Guilty in $25 Million […]

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Crypto sentiment index drops to October levels as Bitcoin dips under $92K

Terraform Labs’ Fate Hinges on Sept. 19 Bankruptcy Hearing

August 22, 2024 Bitcoin.com

Bankruptcy

The Chapter 11 bankruptcy reorganization hearing for Terraform Labs Pte. Ltd. and Terraform Labs Limited is set for Sept. 19, 2024, at 10 a.m. EDT. This hearing will be pivotal in shaping the future of the crypto company, which has encountered substantial hurdles since the Terra ecosystem’s collapse in 2022. Terraform Labs Faces Pivotal Bankruptcy […]

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Crypto sentiment index drops to October levels as Bitcoin dips under $92K

Former Bank CEO Sentenced to Prison for $47M Crypto Fraud Leading to Bank Collapse

August 21, 2024 Bitcoin.com

bank collapse

The former CEO of failed Heartland Tri-State Bank was sentenced to over 24 years in prison for embezzling more than $47 million in a fraudulent crypto scheme that caused the bank’s collapse. He funneled the stolen funds into cryptocurrency wallets linked to a “pig butchering” scam, leading to a $9 million loss for investors and […]

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Crypto sentiment index drops to October levels as Bitcoin dips under $92K