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“# Man who minted 14M ICX tokens due to a bug can pursue lawsuit to keep them ” A cryptocurrency enthusiast who exploited a bug in the ICON network to mint a large amount of its native ICX token can pursue entitlement claims according to a California federal judge. On Monday, Aug. 9, U.S. District…
“# BREAKING: BitMEX announces $100M settlement with FinCEN, CFTC ” Crypto derivatives exchange BitMEX has agreed to pay up to $100 million to resolve a case from the United States Commodity Futures Trading Commission and the Financial Crimes Enforcement Network. In an announcement today, BitMEX said it had reached a settlement with the two government…
“# Infrastructure bill passes US Senate — without clarification on crypto ” The fight for lawmakers to clear up the language used to define brokers in the crypto space may be moving to the United States House of Representatives soon after a failed attempt in the Senate. In a 69-30 vote, the Senate passed HR…
“# SEC wants ‘terabytes’ of Slack communications from Ripple ” The legal battle between the United States Securities Exchange Commission (SEC and blockchain-based payments firm Ripple continues, with the regulator wanting further access to Ripple’s internal communications. The SEC filed a motion with the Southern District of New York on Monday, requesting Judge Sarah Netbrun…
“# Poloniex settles charges with SEC for operating unregistered exchange ” The United States Securities and Exchange Commission (SEC) has charged crypto exchange platform Poloniex for breaching securities trading regulations. According to an announcement by the SEC on Monday, Poloniex offered trading of cryptos deemed securities to U.S. investors on its platform between July 2017…
“# 2 Senators introduce pro-crypto amendment to infrastructure bill; industry says it’s not enough ” As Perianne Boring reported Saturday afternoon, the senators are endorsing an amendment that would exclude cryptocurrency miners and hardware and software wallet providers from being subject to new tax reporting provisions. The amendment would broaden an earlier update proposed by…
“# Crypto space weighs in on proposed amendments to US infrastructure deal ” With more than one amendment proposed to the U.S. infrastructure plan that would modify a provision on cryptocurrencies, some figures in the space are going against the one with White House support. Digital rights advocacy group Fight for the Future said today…
“# New bill in Ukraine to allow payments in cryptocurrency, says official ” A new cryptocurrency-related bill in Ukraine will allow payments in cryptocurrencies like Bitcoin (BTC) despite not recognizing crypto as legal tender, a government official claimed. Oleksandr Bornyakov, deputy minister of Ukraine’s Ministry of Digital Transformation, is confident that it would be “quite…
“# 2022 trial date set for Tether’s accused ‘shadow banker’ Reggie Fowler ” A 2022 trial date has been set for former NFL team owner and alleged “shadow banker” Reggie Fowler. Fowler is the accused operator of the shadow bank to the crypto sector, Crypto Capital which was at the center of controversy in the…
“# Lead Republican behind infrastructure bill negotiations supports crypto amendment ” Senator Rob Portman, one of the lead Republican voices for negotiations over an infrastructure bill in the U.S. Senate, said he supports an amendment clarifying the intent of a cryptocurrency provision. In a Tweet today, Portman encouraged his colleagues in the Senate to vote…