1 / 16 Relevant items tagged with #Legal

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UK Court Recognizes USDT as ‘Distinct Form of Property’

[Sep 15 11:15 PM] A High Court of England and Wales has ruled that stablecoin tether (USDT) is recognized as property under English law. The court clarified that cryptocurrencies, despite not being physical assets, can be treated similarly to tangible and intangible…

CFTC Loses Round One: Kalshi Cleared to Offer US Election Bets

[Sep 8 2:30 PM] A federal judge this week sided with the prediction market Kalshi’s motion for summary judgment in its legal battle with the U.S. Commodity Futures Trading Commission (CFTC). This decision opens the door for U.S. citizens to place bets on the…

US Court Imposes $209 Million Penalty in Crypto Ponzi Scheme

[Sep 5 11:20 AM] The U.S. District Court for the Northern District of Illinois has ordered an Oregon resident and his entities to pay over $209 million in penalties for running Ponzi schemes disguised as crypto and carbon investment programs. This includes…

Kraken Crypto Exchange Fined by Australian Court

[Aug 24 11:20 AM] 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…

Terraform Labs’ Fate Hinges on Sept. 19 Bankruptcy Hearing

[Aug 21 9:30 PM] 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…

7 Indicted in $300,000 Queens Bitcoin Theft, Say Prosecutors

[Aug 14 11:20 AM] Seven individuals have been indicted for stealing over $300,000 in bitcoin from a Queens resident. The charges against them include grand larceny, money laundering, and identity theft, stemming from a lengthy investigation into a cryptocurrency…