Regulators Not Afraid to Take Action Against Crypto Rule Breakers, NYDFS Chief Says
[Dec 5, 2023 6:58 AM] The regulator has brought enforcement actions against Coinbase and Robinhood.
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Tether, Bitfinex agree to drop opposition to FOIL request
[Nov 24, 2023 7:42 AM] Tether and Bitfinex say the decision not to appeal the Freedom of Information Law request by several media outlets was made in the interests of "transparency."
US regulators continue to discuss crypto: Law Decoded, Nov. 13–20
[Nov 20, 2023 3:00 PM] Elizabeth Warren continues pressing for tighter regulation, and Vivek Ramaswamy promises to defend crypto from the government’s overreach if elected.
FBI Arrests Trio Accused of Bilking Banks Out of $10M, Converting Funds to Crypto
[Nov 16, 2023 12:43 PM] Three men duped New York-area banks into shelling out more than $10 million and tried to make off with the money by converting it to crypto, U.S. Attorney Damian Williams said Thursday in a statement.
New York MoMA now has tokenized artworks in its permanent collection
[Nov 15, 2023 8:03 AM] The museum’s acquisition of two NFTs marked its first on-chain and AI holdings.
SafeMoon CEO bail release goes on hold after Feds cite flight risk
[Nov 9, 2023 10:24 PM] Prosecutors argued SafeMoon CEO Braden John Karony poses a flight risk given his alleged access to funds and overseas connections.
SEC seeks summary judgment in Do Kwon and Terraform Labs case
[Nov 3, 2023 12:59 AM] The “evidence” of violations provided by the SEC points to Kwon’s involvement in misleading crypto investors by creating and marketing Terra and its in-house Terra (LUNA) tokens as securities.
Sam Bankman-Fried found guilty on all 7 charges in FTX fraud trial
[Nov 2, 2023 6:03 PM] U.S. Attorney Damian Williams called Bankman-Fried’s crimes "a multibillion-dollar scheme designed to make him the king of crypto" and one of the biggest financial frauds in American history.
NYC mayor releases plans for responsible AI usage in local government
[Oct 16, 2023 3:45 PM] The administration for the mayor of New York City has released a plan for creating a framework for government agencies to utlitize AI, along with the pilot of the city’s first AI chatbot.
Celsius valuation advisor approves value of debtors’ assets and liabilities
[Sep 28, 2023 3:01 AM] Stout Risius Ross, the valuation advisor for Celsius Network, confirmed the accuracy of the bankrupt firm’s valuation report.
Can Regulators Ever Keep Up With Crypto Markets?
[Sep 18, 2023 1:57 PM]
NYDFS calls for public feedback on proposed crypto regulatory guidance
[Sep 18, 2023 9:49 AM] The proposals included stricter standards on risk assessments for crypto firms as well as a framework for designating token projects to the NYDFS' greenlist
New York Regulator Seeks Tougher Norms for Adding, De-Listing Crypto Coins
[Sep 18, 2023 8:06 AM] Licensees in the state will have to set out technology, market and regulatory risks for listed cryptocurrencies under the state’s BitLicense regime
Web3 company to have balloons featured during Macy's Thanksgiving Day Parade
[Sep 14, 2023 10:28 AM] The iconic U.S. holiday event has previously introduced themed nonfungible tokens and held a virtual parade in the metaverse.
Sam Bankman-Fried appeal against bail revocation ‘meritless’: Prosecutors
[Sep 6, 2023 3:58 AM] The New York South District court revoked former FTX CEO Sam Bankman-Fried’s bail on Aug. 11 after an appeal from the prosecution in July citing multiple instances of violation of bail conditions.
FTX’s Sam Bankman-Fried pleads not guilty to fraud charges: Report
[Aug 22, 2023 7:57 AM] Sam Bankman-Fried, the former CEO and founder of now-defunct crypto exchange FTX, reportedly pleaded not guilty to fraud and money laundering charges in a court hearing on Aug. 22.
US Representative Patrick McHenry: Stablecoins ‘Hold Promise as a Pillar of Our 21st-Century Payments System’
[Aug 8, 2023 5:30 AM] Representative Patrick McHenry, chairman of the House Financial Services Committee, weighed in positively on the launch of PYUSD, a dollar-pegged stablecoin issued by Paypal, a U.S.-based payments company. McHenry stated that if properly regulated…
Class Action Lawsuit Against Tether, Bitfinex Dismissed
[Aug 5, 2023 1:30 PM] A class action lawsuit filed against cryptocurrency firms Tether and Bitfinex was dismissed Friday by a federal judge in New York. The judge ruled the complaint lacked plausible claims of injury and failed to show that Tether’s stablecoin…
New York AG probes transactions at Genesis, ties with Barry Silbert: Report
[Aug 5, 2023 11:34 AM] Digital Currency Group (DCG) is reportedly under investigation in New York for financial transactions involving its subsidiary, Genesis Global Capital.
Decoding Ripple’s Ruling: A Potential Tsunami for the SEC
[Jul 24, 2023 8:30 PM] In a groundbreaking decision earlier this month, the Southern District Court of New York determined that institutional sales of XRP conducted directly by Ripple constitute securities sales. However, intriguingly, XRP sales on secondary markets…
US law protects institutions and exposes retail investors — Rep. Torres
[Jul 20, 2023 8:02 AM] New York Representative Ritchie Torres had an exclusive interview with Cointelegraph to discuss why retail investors are still at risk following the XRP court ruling.
Judge Criticizes SEC Approval of Coinbase IPO in Pre-Motion Conference
New York prosecutor charges hacker over $9M exploit of Solana-based exchange
[Jul 11, 2023 11:56 PM] A skilled computer security engineer has been charged with wire fraud and money laundering related to an attack on a decentralized exchange.
Federal Prosecutors Investigate Former FTX Executive Over Possible Campaign Law Violations: WSJ
[Jul 11, 2023 9:14 AM] Ryan Salame is being investigated for potentially illegally avoiding federal limits on contributions to his girlfriend's congressional campaign last year
Gemini Files Lawsuit Against Digital Currency Group and Barry Silbert Alleging Fraud and Deception
[Jul 7, 2023 11:30 AM] After Gemini co-founder Cameron Winklevoss published an open letter to Digital Currency Group (DCG) CEO and founder Barry Silbert, threatening legal action if the firm failed to respond by July 7, Winklevoss announced on Friday that his company had…
Creditors for bankrupt Voyager Digital billed $5.1M in legal fees
[Jul 4, 2023 4:41 AM] Voyager is not the only crypto firm incurring hefty legal fees; FTX, for example, has been billed over $120 million in fees.
Crypto Hubs 2023: Where to Live Freely and Work Smart
[Jun 27, 2023 5:57 AM] With shifting regulatory regimes worldwide, crypto is on the move to find the best locales to put down roots, get licensed, register or just be. Crypto Hubs 2023, our ranking of the top 15 global crypto hubs, is a good place to start.
Brit Gets Prison Time for Twitter Hack Impersonating Biden, Buffett in Bitcoin Scheme
[Jun 25, 2023 10:30 PM] A U.K. citizen has been sentenced by а New York court to five years in prison for his role in a Twitter hack including the hijacking of accounts of U.S. political and business figures. The man is also responsible for the theft of large amounts of…
Bitcoin mining heats water in Brooklyn Bathhouse, users flip out
[Jun 23, 2023 6:15 AM] The impact of Bitcoin mining on the environment remains a significant concern to many, leading to unfavorable responses from people opposed to its use.
5 Charges Temporarily Suspended in FTX Co-Founder Sam Bankman-Fried’s Legal Battle
[Jun 17, 2023 11:30 AM] The U.S. Department of Justice (DOJ) and federal prosecutors in New York have opted to temporarily suspend five charges against the beleaguered FTX co-founder Sam Bankman-Fried (SBF). Nevertheless, these five charges have been “severed”…