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Three Arrows Capital Liquidators Now Sue Terraform Labs for $1.3B: Bloomberg

[Aug 13 7:06 AM] Defunct cryptocurrency hedge fund Three Arrows Capital's (3AC) liquidators have sued Terraform Labs for $1.3 billion, for losses the fund suffered following the 2022 crash, Bloomberg reported on Monday.

Bitcoin and Crypto Go Unmentioned During Trump-Musk X Space

[Aug 13 2:58 AM] Bettors at one point gave an over 60 percent chance of Trump mentioning digital assets during the interview

SEC Files Fraud Charges Against Promoters of NovaTech, Alleged $650M Crypto Pyramid Scheme

[Aug 12 7:24 PM] The U.S. Securities and Exchange Commission (SEC) filed suit against an alleged crypto pyramid scheme, NovaTech, and eight of its promoters on Monday, charging them with fraud and multiple violations of federal securities laws.

Binance Says Venezuela Platform Is Being Hit by Access Restrictions

[Aug 12 3:39 PM] The Venezuelan government has blocked various websites, including the social network X, following allegations of fraud in the July 28 presidential elections.

Gambaryan Family Says Binance Executive Is Being Denied Access to Lawyers, Health Is Deteriorating

[Aug 12 11:20 AM] American Binance executive Tigran Gambaryan, who is detained in Nigeria, is being "denied adequate access to his legal team and his health is deteriorating rapidly," his family said in an emailed statement.

Tether to Fight Celsius' $3.3 Billion 'Shakedown' Litigation

[Aug 12 8:48 AM] Tether, the company behind USDT, the world's largest stablecoin by market cap, said it will defend itself from "shakedown" litigation brought by bankrupt crypto lender Celsius on Friday.

IRS Shares New Crypto Tax Form, Invites Industry Input

[Aug 9 6:17 PM] The U.S. Internal Revenue Service (IRS) has released an updated draft version of the tax form crypto brokers and investors will use to report proceeds from certain transactions, the 1099-DA.

Coinbase Takes Aim at CFTC's Definition of 'Gaming' in Proposed Prediction Market Rules

[Aug 9 4:57 AM] Coinbase argues the definition is vague, and urges the CFTC to make determinations on a contract-by-contract basis rather than broad categorization

Crypto-Friendly Bank Ordered by Fed to Limit Risks From Digital Asset Clients

[Aug 8 5:03 PM] Customers Bank, which has done business with several of the most prominent crypto firms, has been called out by the U.S. Federal Reserve for inadequately policing illicit activity, particularly with digital asset clients.

Do Kwon’s Extradition from Montenegro Postponed Yet Again

[Aug 8 3:08 PM] Do Kwon’s extradition from Montenegro has been delayed yet again.

Japan's Top Regulator Says Crypto-ETF Approvals Need 'Cautious Consideration:' Report

[Aug 8 10:22 AM] The boss of Japan's Financial Services Agency (FSA) has said “cautious consideration” needs to be given to the decision of approving crypto-related exchange-traded funds.

FTX, Alameda Ordered to Pay $12.7B to Creditors by U.S. Judge

[Aug 8 6:44 AM] United States District Judge Peter Castel passed the approval on August 7, a filing shows. It did not seek a civil monetary penalty.

Did Sanctioning Tornado Cash Work?

[Aug 8 4:31 AM] Sanctions are an effort to throw the weight of the U.S. dollar around to tamp down on activities the U.S. government thinks may be harmful – like money laundering to fund terror groups or rogue nations. The New York Federal Reserve thinks they had…

Brazil’s Securities and Exchange Commission Approves Solana-Based ETF

[Aug 8 3:44 AM] The Brazilian Securities and Exchange Commission (CVM) has approved a Solana-based exchange-traded fund (ETF), the agency disclosed in its central database.

Judge Fines Ripple $125M, Bans Future Securities Law Violations in Long-Running SEC Case

[Aug 7 8:15 PM] A federal judge ordered Ripple to pay $125 million in civil penalties and imposed an injunction against future securities law violations on Wednesday.

Brazilian Civil Police Dismantles Crypto Laundering Scheme Employed by Drug Gang

[Aug 7 6:20 PM] The Civil Police of São Paulo, Brazil, dismantled a money laundering scheme managed by the drug gang First Capital Command (PCC) that operated a company operating as a crypto exchange, the police said on X (formerly Twitter) on Tuesday.

Crypto PAC Fairshake Claims Another Win Against Elizabeth Warren Ally With Bush Loss

[Aug 7 3:18 PM] The Missouri primary defeat of Rep. Cori Bush marks the latest example of the industry's millions opposing candidates favored by Warren, with whom the sector is waging open warfare.

Ethereum Entities Largely Complied With Tornado Cash Sanctions, NY Fed Paper Says

[Aug 7 2:27 PM] The Federal Reserve Bank of New York published a report Wednesday morning assessing the effect sanctions had on Tornado Cash.

UK Regulator FCA Has Issued Over 1K Warnings to Crypto Firms Since October

[Aug 7 2:11 PM] The FCA's actions have led to the removal of 48 apps from U.K. app stores, Lucy Castledine, the regulator's director of consumer investments, said in an interview.

Coinbase’s Paul Grewal Says Crypto Should Remain Non-Partisan

[Aug 7 10:03 AM] Technology should transcend the political divide, Coinbase’s Chief Legal Officer says.

Post WazirX Hack, India's CoinDCX Starts Investor Protection Fund With $6M

[Aug 6 11:30 PM] Indian crypto exchange CoinDCX's co-founder Sumit Gupta has told CoinDesk that his company has established an investor protection fund, saying that if other exchanges did this too "it would be better for the eco system."

Crypto Industry Tries to Tally Final Wins As U.S. Congressional Primaries Wind Down

[Aug 6 4:40 PM] After a very tight victory last week in Arizona that's now facing a recount, the cryptocurrency industry's political forces are shifting their attention toward some of the final U.S. congressional primaries of 2024, including Tuesday's elections in…

Kamala Harris Taps Minnesota Governor Tim Walz as Running Mate

[Aug 6 1:56 PM] Vice President and Democratic nominee Kamala Harris has chosen Minnesota Governor Tim Walz to join her on the campaign trail.

Binance Has Challenged India's $86M Tax Showcause Notice: Source

[Aug 6 6:55 AM] Binance, the world's largest cryptocurrency exchange, has "challenged" a nearly $86 million tax notice from India's Directorate General of Goods and Services Tax Intelligence (DGGI), a person directly involved with the matter told CoinDesk.

SEC Asks NY Court to Deny Coinbase’s ‘Breathtakingly Broad’ Subpoena Request

[Aug 6 1:21 AM] Lawyers for the U.S. Securities and Exchange Commission (SEC) are pushing back against what they describe as Coinbase’s “breathtakingly broad” subpoena requests searching for “essentially all documents that in any way relate to crypto.”

Crypto Candidate in Arizona Is Winning (So Far) Despite Sen. Warren's Headwinds

[Aug 5 3:33 PM] A deluge of crypto-industry money may have helped achieve a very narrow Arizona congressional primary win this week for Yassamin Ansari, a crypto-cheering Phoenix City Council member who faced a candidate backed by Sen. Elizabeth Warren (D-Mass.)

As Trump Suggests Crypto as a Fix to U.S. Debt, Harris Camp Highlights His Remarks

[Aug 2 7:20 PM] Former President Donald Trump heaped more praise on the "very, very smart people" of the crypto industry in an interview broadcast on Friday, suggesting that the U.S. embracing Bitcoin {{BTC}} could aid in addressing the $35 trillion U.S. national…

France Opens for MiCA Applications, First Among Biggest EU Economies

[Aug 2 4:04 PM] France's Autorité des Marchés Financiers said it started accepting applications for crypto asset services provider licenses on July 1.

Crypto Exchange Bybit Withdraws From France in Response to Regulations

[Aug 2 12:41 PM] It has always been Bybit's primary objective to operate our business in compliance with all relevant rules and regulations, the company said in its post.

Kamala Harris Can't Cede Crypto to Trump, Could be Difference in Battleground States: Think Tank

[Aug 2 9:44 AM] The Presumptive Democratic U.S. presidential nominee cannot afford to cede crypto to Donald Trump and luring crypto voters and donations away could "make a difference in key battleground states," OMFIF wrote.