South Korean Court Rules Terra Crypto Asset LUNC Is Not a Security

South Korean Court Rules Terra Crypto Asset LUNC is Not a SecurityAmidst the allegations against Do Kwon, the co-founder of Terraform Labs, a recent report by the Korean Sunday News has revealed that the Seoul Southern District Court has ruled in favor of LUNA, now renamed LUNC, by stating that it is not a financial investment product. Despite the recent enforcement action by the U.S. Securities […]

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Chinese Court Rules Cryptocurrency Is Not Protected by Law Citing Lack of Legal Status

Chinese Court Rules Cryptocurrency Is Not Protected by Law Citing Its Lack of Legal StatusA Chinese high court has issued a public statement affirming that trading or investing in cryptocurrency is not protected by law, citing crypto assets’ lack of legal status in China. Chinese Court States Crypto Not Protected by Law The high court in China’s northern Shandong province issued a public statement Sunday clarifying that cryptocurrency is […]

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US Federal Court Rules NSA Mass Surveillance Illegal, Credits Edward Snowden

US Federal Court Rules NSA Mass Surveillance Illegal, Credits Edward SnowdenA federal appeals court has ruled that the U.S. National Security Agency (NSA) mass surveillance program that collected data on billions of Americans’ telephone calls was illegal and possibly unconstitutional. The program was exposed by former NSA contractor Edward Snowden. A Victory for Privacy Rights The United States Court of Appeals for the Ninth Circuit […]

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Court Instructs Craig Wright to Distribute Billions to Plaintiffs

Court Ruling Instructs Self-Styled Satoshi to Distribute Billions to PlaintiffsOn August 26, the self-proclaimed Bitcoin inventor, Craig Wright, was ordered by Southern District Court of Florida to distribute half of his BTC holdings and intellectual property assets from prior to 2014. According to the Kleiman estate attorney Vel Freedman, the family has waited a long time for the ruling and they believe things are […]

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