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Strategy chair Michael Saylor cryptically hinted at another Bitcoin buy as the company faces a lawsuit over its $5.9 billion loss on Bitcoin in Q1. Michael Saylor has again hinted that Strategy would buy more Bitcoin, though the company formerly known as MicroStrategy and its top brass were hit with an investor lawsuit over its…
The Czech Republic’s Civic Democratic Party survived another no-confidence vote, triggered by opposition party concerns over a $45 million Bitcoin donation linked to a convicted criminal. Czech Prime Minister Petr Fiala’s Civic Democratic Party withstood a fourth attempt to topple their government in three years — this time with opposition parties uniting against them over…
Roughly two years after the initial indictment, the Tornado Cash developer’s criminal trial is expected to begin on July 14. The Ethereum Foundation said it will be donating $500,000 to the legal defense of Tornado Cash co-founder and developer Roman Storm, who faces charges related to allegations he conspired to run the crypto mixing service…
The CFTC said that My Big Coin investors might not get their money back as the alleged operators “may not have sufficient funds or assets.” The alleged operators of My Big Coin have been ordered to pay around $25.8 million in fines to the Commodity Futures Trading Commission for their roles in the crypto scheme….
The Justice Department has filed a civil forfeiture complaint to seize crypto and NFTs allegedly tied to laundering efforts by North Korea. The US Department of Justice has moved to seize $7.74 million in crypto allegedly earned by North Korean IT workers using fake identities and working at blockchain firms as remote contractors. The funds…
Trung Nguyen was caught after accepting money from undercover cops, making several transactions and sending them Bitcoin in return. A US man operating what prosecutors called a “no questions asked” cash-to-Bitcoin conversion service has been sentenced to six years behind bars and was ordered to hand over millions of dollars. Boston federal court Judge Richard…
A Block Earner spokesperson told Cointelegraph that ASIC’s case against the firm has escalated to a “broader legal question” around the definition of a financial product. Australia’s financial regulator will seek the High Court’s permission to appeal a lower court’s ruling favoring fintech firm Block Earner, which found the company’s crypto-linked fixed-yield earning service is…
India’s Supreme Court questioned the government’s failure to regulate cryptocurrencies despite taxing them, warning that Bitcoin and similar assets pose economic risks. India’s Supreme Court has questioned the government’s lack of regulatory clarity on cryptocurrencies despite imposing taxes on digital assets like Bitcoin. According to Indian legal news outlet LawChakra, the country’s Supreme Court expressed…
Binance says all members of a class lawsuit alleging it sold securities should be sent to arbitration, claiming they waived their ability to sue the crypto exchange under its terms of use. Crypto exchange Binance has asked a US federal judge to send all members of a class-action lawsuit alleging it sold securities to arbitration,…
US government charges against Tornado Cash co-founder Roman Storm were slightly pared back after a memo said the Justice Department would end most crypto cases. US federal prosecutors are pressing ahead with their case against Tornado Cash founder Roman Storm, but will drop a small part of their indictment after the Department of Justice rolled…