NY State Supreme Court dismisses petition against crypto mining company
The judge ruled that the petition lacked merit as he didn’t find proof of the environmental harm. Go to Source Powered by WPeMatico
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Prosecutor Seeks Thousands of Years of Prison for Missing CEO of Turkish Crypto Exchange Thodex
Members of the team of the now defunct Turkish crypto exchange Thodex may receive thousands of years in prison, if the court backs the prosecutor’s plea in the case. The trading platform’s CEO has been missing for the past year since Thodex suspended activities in a suspected exit scam. Turkey Seeks up to 40,000 Years … Read more
Class action suit against Coinbase alleges unregulated securities sales
Plaintiffs say 79 tokens that Coinbase sells meet the definition of securities, but they were not warned of their risks. Go to Source Powered by WPeMatico
China’s Supreme Court adds digital currency to list of illegal fundraising methods
The new policy change aims to mitigate risks arising from digital currency fundraising and the absorption of funds from the public. Go to Source Powered by WPeMatico
SEC v. Ripple: Here’s how two 2012 memos can turn the tide in the milestone crypto case
We will soon know if Ripple’s executives were warned of the possibility of an SEC lawsuit ahead of XRP’s launch. Go to Source Powered by WPeMatico
EOS Network Foundation reveals plans to pursue a $4.1B lawsuit against Block.one
ENF Founder Yves La Rose says that they are planning “to seek $4.1B in damages” against the EOS creators. Go to Source Powered by WPeMatico
No precedent: IRS court settlement doesn’t clarify crypto staking taxes
There is yet to be a conclusive court ruling regarding the taxation of staked crypto rewards; however, a recent case demonstrates industry progression. Go to Source Powered by WPeMatico
Law Decoded: Tangible wins, new menaces and the global crypto taxation drive, Feb. 1–7
Crypto advocates celebrate wins, the Treasury and SEC seek to introduce crypto-unfriendly rules, and governments rush to levy digital asset taxes. Go to Source Powered by WPeMatico
‘Wave of litigation’ to hit NFT space as copyright issues abound
As the NFT industry grows with increasing market penetration, research and consumer education are key to the domain’s evolution. Go to Source Powered by WPeMatico
PoS validator turns down IRS tax refund offer, pushes for clear policy on staking taxation
The Tezos validator who took the IRS to court argues that staking rewards should be treated as created property rather than income. Go to Source Powered by WPeMatico