Cryptocurrency Market

Cryptocurrency Market

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  • Market Cap: $2,406,180,539,195.30
  • 24h Vol: $54,051,127,713.52
  • BTC Dominance: 56.55%

legal

swan-bitcoin-alleges-ex-employees-conspired-to-steal-mining-business

Swan Bitcoin Alleges Ex-Employees Conspired to Steal Mining Business

Leave a Comment / Bitcoin, Bitcoin mining, confidential information, corporate espionage, Crypto Hacked, Cryptocurrency, Electric Solidus, Ethereum, intellectual property theft, Lawsuit, legal, Proton Management, Swan Bitcoin, Tether, trade secrets / / / , , , , , , , , , ,

A newly filed lawsuit claims that Swan Bitcoin, a financial services company focused on bitcoin, is accusing former employees of trying to hijack its “billion-dollar bitcoin mining business.” According to the suit, Swan’s subsidiary Electric Solidus alleges that Proton Management dubbed a “copycat company” in the filing, stole trade secrets from their mining operations. Swan […]

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terraform-labs-gets-court-approval-to-wind-down-operations-in-bankruptcy

Terraform Labs Gets Court Approval to Wind Down Operations in Bankruptcy

Leave a Comment / Bankruptcy, Bitcoin, Blockchain, Crypto, Crypto Hacked, Cryptocurrency, Delaware, do kwon, Ethereum, Fraud, Investors, legal, LUNA, market crash, SEC, SEC settlement, Terra, terraform labs, TerraUSD / / / , , , , , , , , , , , , , , ,

Terraform Labs has received court approval to wind down operations in bankruptcy following a settlement with the U.S. Securities and Exchange Commission (SEC). The company had been at the center of a scandal that left cryptocurrency investors facing significant losses after the Terra ecosystem collapsed. Court Approves Terraform Labs Wind-Down Terraform Labs has been granted

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indian-court-bars-police-from-freezing-entire-bank-accounts-in-crypto-fraud-probes

Indian Court Bars Police From Freezing Entire Bank Accounts in Crypto Fraud Probes

Leave a Comment / bank accounts, Bitcoin, court ruling, Crypto, Crypto Fraud, Crypto Hacked, Cryptocurrency, Cyber Security, Ethereum, financial fraud, Fraud, freeze, HDFC bank, indian high court, Investigation, justice g. jayachandran, legal, madras high court, Police / / / , , , , , , , , , , , , , , ,

An Indian High Court has ruled that police cannot freeze entire bank accounts during fraud investigations. Only fraud-related amounts in bank accounts can be frozen. The decision followed a case where an account was frozen due to a cryptocurrency investigation. The court stressed that freezing accounts entirely disrupts livelihoods and called on investigative agencies to

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former-alameda-ceo-caroline-ellison-requests-leniency,-asks-for-no-prison-sentence

Former Alameda CEO Caroline Ellison Requests Leniency, Asks for No Prison Sentence

Leave a Comment / Alameda Research, Bitcoin, Caroline Ellison, Cooperation, Crypto Hacked, Cryptocurrency, Ethereum, fraud case, ftx, legal, leniency, no jail time, non-custodial sentence, Sam Bankman-Fried, sentencing memorandum / / / , , , , , , , , , ,

Caroline Ellison, the former CEO of Alameda Research, is seeking leniency in her sentencing for her role in the FTX fraud. Her lawyers have filed a sentencing memorandum emphasizing her extensive cooperation with authorities and personal acceptance of responsibility for her actions. Caroline Ellison’s Lawyers Push for No Jail Time in FTX Fraud Case In

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operation-niflheim:-brazilian-authorities-crack-down-on-$9.7-billion-crypto-money-laundering-rings

Operation Niflheim: Brazilian Authorities Crack Down on $9.7 Billion Crypto Money Laundering Rings

Leave a Comment / Bitcoin, Brazil, Brazilian Police, Crypto, Crypto Hacked, Cryptocurrency, Ethereum, legal, Money Laundering, Operation Niflheim / / / , , , , , ,

The Brazilian Federal Police dismantled an operation that used crypto to launder money from criminal sources, sending it abroad. Operation Niflheim involved the issuance of eight arrest warrants and 19 search and seizure orders against these groups that operated in Caxias do Sul, Sao Paulo, Fortaleza, and Brasilia. The criminals laundered over $9 billion since

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cftc-loses-round-one:-kalshi-cleared-to-offer-us-election-bets

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

Leave a Comment / Bitcoin, CFTC, court ruling, Crypto Hacked, Cryptocurrency, election betting, Ethereum, federal judge, financial exchange, Kalshi, legal, Prediction markets, regulatory appeal, Tarek Mansour, U.S. elections / / / , , , , , , , , , ,

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 upcoming November election. However, the ruling isn’t the final word just yet, as the CFTC

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sec-warns-ftx-over-legality-of-crypto-asset-distribution-in-chapter-11-plan

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

Leave a Comment / Bankruptcy, Bitcoin, Chapter 11, creditor repayment, crypto assets, Crypto Hacked, Cryptocurrency, Ethereum, federal securities laws., ftx, legal, Liquidation, SEC, Stablecoins / / / , , , , , , , , ,

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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kraken-crypto-exchange-operator-fined-by-australian-court

Kraken Crypto Exchange Operator Fined by Australian Court

Leave a Comment / ASIC, Australia, Bit Trade Pty Ltd., Bitcoin, Compliance, consumer protection, Corporations Act, credit facility, Crypto, Crypto Hacked, Cryptocurrency, Digital Assets, Ethereum, federal court, Kraken, legal, Margin Trading, Regulatory / / / , , , , , , , , , , , , , ,

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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clucoin-founder-pleads-guilty-to-crypto-fraud,-confesses-to-personal-use-of-investor-funds

Clucoin Founder Pleads Guilty to Crypto Fraud, Confesses to Personal Use of Investor Funds

Leave a Comment / Bitcoin, Clucoin, Crypto, Crypto Hacked, Cryptocurrency, Digital Token, Ethereum, Gambling, ICO, Investor, legal, Metaverse, NFTCon, online casinos, prison, Virtual Currency, Wire Fraud / / / , , , , , , , , , , , , ,

The founder of cryptocurrency project Clucoin has pled guilty to wire fraud, admitting to diverting $1.14 million in investor funds for personal use, including gambling. Despite promoting the cryptocurrency for charitable causes, Taylor used his social media influence to attract investments, which he then misappropriated. He faces up to 20 years in prison. Clucoin Founder

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kim-dotcom’s-extradition-to-us-approved-by-new-zealand-justice-minister

Kim Dotcom’s Extradition to US Approved by New Zealand Justice Minister

Leave a Comment / Auckland, Bitcoin, Copyright, criminal case, Crypto Hacked, Cryptocurrency, DOJ, Ethereum, extradition, FBI, illegal profits, Kim Dotcom, Lawsuit, legal, MegaUpload, New Zealand, online piracy, South Pacific / / / , , , , , , , , , , , , ,

Kim Dotcom, the founder of Megaupload, may soon be extradited to the U.S. from New Zealand following a decision by Justice Minister Paul Goldsmith. Dotcom, who has long resisted extradition since an FBI raid in 2012, said he has a plan and expressed his affection for New Zealand. He is accused by the U.S. of

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