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IMF Acknowledges Russian Assets’ Confiscation Might Undermine the World’s Financial System

[May 19 10:31 PM] The IMF has expressed its concerns about the possible outcome of the confiscation of Russian assets abroad as a consequence of the ongoing military conflict between the nation and Ukraine. Julie Kozack, a spokesperson for the institution, called…

Biden Order to Halt China-Tied Bitcoin Mine Beside Nuke Base Came as U.S. Firm Just Bought it

[May 16 3:08 PM] President Biden's emergency order to halt the Chinese-tied mining on the doorstep of a nuclear-missile base hit days after mining giant CleanSpark struck a deal to buy the property.

Stablecoin Issuer Circle Files to Shift Legal Home to U.S. From Ireland Ahead of Planned IPO: Bloomberg

[May 15 5:12 AM] Circle recently filed court paperwork to make the move, according to a company spokesperson.

Circle shifts legal home to US ahead of IPO

[May 15 4:06 AM] Circle’s strategic shift away from Ireland could increase compliance costs, but the tradeoff suggests improved investor confidence.

President Joe Biden Will Veto Legislation Allowing Financial Firms to Custody Bitcoin: White House

[May 8 1:22 PM] The Executive Office of US President Joe Biden has announced its stance on proposed legislation, H.J. Res. 109, that would allow highly regulated financial firms to act as custodians for Bitcoin and other cryptocurrencies. JUST IN: US Presiden

U.S. Financial Industry to Explore Sharing Ledger Technology for Multiasset Transactions

[May 8 3:00 AM] Major stakeholders in the U.S. financial sector, including Citi, JPMorgan, Mastercard, Swift and Deloitte, are teaming up to explore sharing ledger technology by simulating multiasset transactions in dollars.

Four months in prison for CZ, another US state kicks out Binance.US: Law Decoded

[May 6 1:05 PM] While Changpeng “CZ” Zhao received a surprisingly moderate jail term, Oregon has become the sixth state to revoke, suspend or decline to renew Binance.US’ license.

Bitcoin's Price Recovery Faces Nonfarm Payrolls Test

[May 3 5:22 AM] Bitcoin held steady as the dollar index nursed losses ahead of a U.S. jobs report that is expected to show the unemployment rate remained below 4% for the 27th straight month.

DOJ’s Tornado Cash arguments show ‘obvious disdain for privacy’ — Lawyer

[Apr 28 9:04 PM] DeFi Education Fund’s legal chief said the prosecutors’ arguments against Roman Storm’s motion to dismiss were “filled with technical inaccuracies.”

Acinq to Withdraw Phoenix Wallet From US Markets Amid Regulatory Concerns

[Apr 26 3:10 PM] On Friday, April 26, Acinq announced that its Lightning Network bitcoin wallet, Phoenix, will cease services for U.S. residents from May 3, 2024. This announcement followed closely on the heels of the Samourai Wallet indictment and what is…

The Non-Custodial Conflict: US Government Actions Stir Crypto Community Concerns

[Apr 26 7:41 AM] Over the past two days, there has been a notable uptick in concern within the crypto community regarding the U.S. government’s actions toward non-custodial wallets, which facilitate the sovereign storage of crypto assets. Recent events have…

Jebara Igbara, AKA 'Jay Mazini,' Sentenced to 7 Years in Prison for Crypto-Related Fraud

[Apr 25 4:49 AM] Igbara perpetrated multiple fraud schemes and scammed investors of at least $8 million.

Bitcoin Could Slump Around Reward Halving Time, Arthur Hayes Says

[Apr 9 2:18 AM] The crypto market faces the U.S. tax season liquidity test around the time Bitcoin's blockchain implements the fourth mining-reward halving on April 20.

Crypto Stocks Gain as Bitcoin Tops $72K for First Time Since March

[Apr 8 3:19 AM] Crypto-related companies looked set to start the week on a positive note.

Terraform Labs and Former CEO Do Kwon Found Liable for Civil Fraud by Jury

[Apr 5 2:33 PM] On Friday, Zack Guzmán, founder of Coinage Media, announced that Terraform Labs’ co-founder Do Kwon and his startup were deemed responsible for fraudulent activities in its legal battle against the U.S. Securities and Exchange Commission…

Ex-Terraform Labs CEO Do Kwon’s Extradition Case Reset

[Apr 5 10:22 AM] In the latest Montenegro Supreme State Prosecutor’s Office’s announcement, the legal proceedings concerning the extradition of Terraform Labs’ former CEO, Do Kwon, will revert to the first trial court. On April 3, 2024, a…

Google Takes Legal Action Against Alleged Crypto Scammers for Uploading Fraudulent Apps

[Apr 4 6:07 AM] The defendants are said to have committed hundreds of acts of wire fraud, "causing harm to Google and at least approximately 100,000 Google users."

US Government Preparing to Sell 30,000 Silk Road Bitcoin, On-Chain Data Shows

[Apr 2 11:45 AM] Today, the US government sent a transaction that appears to indicate it may be on the verge of liquidating the remaining Bitcoin it confiscated from the online marketplace Silk Road.According to on-chain data, a 0.001 BTC test transaction, part of…

Do Kwon Out of Jail, Under House Arrest Pending Extradition Decision

[Mar 24 11:30 AM] Multiple sources have reported that Do Kwon, the ex-chief executive officer of Terraform Labs, was set free from jail on Saturday while the high court in Montenegro decides on two separate extradition requests submitted by South Korea and the…

U.S. Government Study Concludes No NFT-Specific Legislation Needed, Current Copyright Laws Adequate

[Mar 13 1:02 AM] The current intellectual property laws are adequate to deal with concerns about copyright and trademark infringement associated with non-fungible tokens (NFTs).

Grayscale Plans Low-Fee GBTC Spinoff: the Bitcoin Mini Trust

[Mar 12 6:30 AM] Bitcoin ETF manager Grayscale is seeking permission from the SEC to spin out a percentage of GBTC shares to seed the new Bitcoin Mini Trust product, according to a filing on Tuesday.

Donald Trump Says He "Sometimes Will Let People Pay Through Bitcoin"

[Mar 11 8:01 AM] Former President Donald Trump spoke to CNBC about his stance on Bitcoin today, revealing that he occasionally accepts Bitcoin as payment. In the interview, Trump acknowledged the growing popularity of Bitcoin and that "its taken its own life."…

US Continues Efforts to Extradite Terra Founder Do Kwon

[Mar 8 7:28 AM] Despite Montenegro’s High Court ruling for Do Kwon’s extradition to South Korea, the U.S. is not backing down. “The United States continues to seek Kwon’s extradition in accordance with relevant international and bilateral…

High Court Shifts Extradition Route for Terraform Labs’ Do Kwon to South Korea

[Mar 7 12:30 PM] In a recent legal twist, the High Court in Podgorica has ruled in favor of extraditing Terraform Labs co-founder Do Kwon to South Korea. This decision comes after the Montenegro Appeals Court overturned a previous ruling that favored his…

Terra’s Do Kwon Wins Extradition Appeal in Montenegro as Case Heads for Retrial

[Mar 5 6:52 AM] Kwon is facing fraud charges in the U.S. around his role in Terra's collapse.

Virginia Proposes a Mere $17,192 a Year for New Blockchain and Cryptocurrency Commission

[Feb 19 3:56 AM] The money is set to cover the costs associated with having meetings including travel expenses.

Sam Bankman-Fried's Sentence Might Be Lighter Than You'd Expect

[Feb 16 8:01 AM] Restitution paid to victims can be considered when sentencing, and judges in the Southern District of New York routinely impose shorter terms than guidelines suggest for white-collar cases.

U.S. Regulators Do Have Some Control Over Stablecoin Tether: JPMorgan

[Feb 16 3:06 AM] USDT's appeal relative to other stablecoins will likely diminish as regulations will require more transparency and compliance with new anti-money laundering standards, the report said.

Fed Chair Powell Told House Democrats U.S. Needs Stablecoin Bill: Politico

[Feb 14 7:59 AM] Powell also said a CBDC would need Congress' approval before the Federal Reserve will act.

Ripple Must Share Financial Statements Requested by SEC, Court Rules

[Feb 6 4:01 AM] The statements will help a judge determine if institutional sales of XRP after the SEC lawsuit was filed in 2020 broke securities law, the SEC said in its request.