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” President of Paraguay vetoes crypto regulation law “ Paraguay’s president, Mario Abdo Benítez, vetoed a bill that sought to recognize cryptocurrency mining as an industrial activity on Monday. He reasoned that mining’s high electricity consumption could hinder the expansion of a sustainable national industry. The decree stated that crypto mining uses intensive capital with…
” Lawyer Roche alleges statements he made about Ava Labs are false, the result of intoxication “ Kyle Roche, the lawyer at the center of allegations made by website Cryptoleaks about a secret agreement between his firm and Ava Labs, responded Monday in a post on Medium. Like Ava Labs CEO Emin Gün Sirer, Roche…
” Where in the world are the 3AC founders? Speculations abound “ The creators of Three Arrows Capital are missing, according to reports, when court-appointed liquidators visited the firm’s Singapore headquarters recently, all they discovered was a locked door and a stack of outdated mail. Singapore-based 3AC is among the flagship cryptocurrency firms that have…
” Binance froze $1M corporate account due to law enforcement request “ Major crypto exchange Binance has confirmed it restricted account access to $1 million in crypto for a Tezos tool contributor after being called out on social media. In a Thursday Twitter thread, Binance said it had restricted the account of Tezos staking rewards…
” Celsius bankruptcy proceedings show complexities amid declining hope of recovery “ The Celsius Network is one of many crypto lending firms that has been swept up in the wake of the so-called “crypto contagion.” Rumors of Celsius’ insolvency began circulating in June after the crypto lender was forced to halt withdrawals due to “extreme…
” ‘Atozy you’ve won’ — Bitboy drops lawsuit after $200K defense raised “ Ben Armstrong, the man behind Bitboy Crypto said that he is dropping the defamation suit against fellow Youtube content creator Erling Mengshoel Jr., who goes by the name Atozy. Armstrong officially filed the suit against Mengshoel Jr. on Aug. 12 in response…
” GameFi developers may be facing big fines and hard time if they don’t speak up “ Are cryptocurrency games innocent fun? Or are they Ponzi schemes facing an imminent crackdown by regulators in the United States? Tokens related to cryptocurrency games — known colloquially as “GameFi” — were worth a cumulative total of nearly…
” Certain regulatory clarity could be ‘hugely detrimental’ for crypto, says former CFPB director “ Kathy Kraninger, former director of the United States Consumer Financial Protection Bureau, or CFPB, said while many in crypto have complained about the lack of regulatory clarity in the country, the legal gray area has afforded the industry opportunities. Speaking…
” Biden is hiring 87,000 new IRS agents — and they’re coming for you “ The Inflation Reduction Act, signed into law this month by President Joe Biden, empowers the IRS with nearly $80 billion in new funds. The world’s most powerful tax collection agency is using the money to go on a hiring spree…
” Law enforcement should give up trying to access everyone’s data, says legal expert “ While some think the Tornado Cash ban may negatively impact other projects focusing on privacy, others believe that these projects will keep pushing forward and keeping their commitments to anti-censorship and decentralization. In an interview with Cointelegraph, Ahmed Ghappour, the…