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Grayscale resolves lawsuit with Fir Tree over proposed changes to Bitcoin Trust

July 11, 2023 by DIGIT

Fir Tree hinted at potential additional litigation against Grayscale and parent company Digital Currency Group based on what its GBTC documentation may reveal. Go to Source Powered by WPeMatico

Categories Bitcoin Investment Trust, Court, grayscale, Law, Regulation

UK Treasury plans to exclude derivatives and ‘unbacked’ tokens from regulatory sandbox

July 11, 2023 by DIGIT

“Until there is more certainty in these frameworks, we are intending to utilise existing regulatory initiatives to develop policy and regulation for this asset class,” said Treasury. Go to Source Powered by WPeMatico

Categories derivatives, Government, Law, Regulation, United Kingdom

Grayscale lawyers refer to SEC allowing Volatility Shares’ investment vehicle in push for ETF

July 10, 2023 by DIGIT

According to Grayscale, the Volatility Shares ETF was an “even riskier” product than Bitcoin futures ETFs, suggesting the SEC should allow its spot crypto ETF to begin trading. Go to Source Powered by WPeMatico

Categories Bitcoin, ETF, grayscale, Investments, Law, Regulation, SEC

Legal proceedings start for Terraform Labs co-founder in South Korea: Report

July 10, 2023 by DIGIT

Terra co-founder Do Kwon is currently in custody in Montenegro, while Daniel Shin’s trial preparations in South Korea are reportedly underway. Go to Source Powered by WPeMatico

Categories Court, Law, Regulation, South Korea, Terra

Sarah Silverman sues Meta and OpenAI for copyright violations

July 10, 2023 by DIGIT

Author Sarah Silverman and two others opened a lawsuit against OpenAI and Meta for using copyrighted work without permission to train their AI systems. Go to Source Powered by WPeMatico

Categories ai, chatGPT, Copyrights, Law, Machine Learning, Meta.

Canada’s court deem 👍 emoji valid as a contract agreement: Report

July 9, 2023 by DIGIT

The case sought to determine whether a Canadian farmer had agreed to sell tons of flax to a grain buyer in 2021 by replying with a thumbs-up emoji. Go to Source Powered by WPeMatico

Categories Canada, Law

Coinbase was aware of securities law violations, the SEC claims in letter

July 8, 2023 by DIGIT

According to the SEC, Coinbase recognized the probability that federal securities laws would apply to its operations, openly informing its shareholders about the risk. Go to Source Powered by WPeMatico

Categories Coinbase, Cryptocurrency Exchange, Law, SEC, United States

Crypto.com petitions US court to uphold arbitration decision for mistakenly sent $50K

July 7, 2023 by DIGIT

The exchange said it “erroneously deposited” $50,000 into a user’s account in June 2022, receiving no response to requests to return the funds. Go to Source Powered by WPeMatico

Categories Court, Crypto.com, Law, Regulation, Transactions

Gemini files lawsuit against Digital Currency Group and Barry Silbert over Genesis and Earn program

July 7, 2023 by DIGIT

Gemini co-founder Cameron Winklevoss alleged Barry Silbert committed fraud by knowing Genesis was “massively insolvent” when attempting to continue the Earn program. Go to Source Powered by WPeMatico

Categories Barry Silbert, Digital Currency Group, Gemini, Law, Regulation, Winklevoss Twins

Nigerian crypto tax move is ‘premature’ – local stakeholders

July 7, 2023 by DIGIT

Industry stakeholders seek clarity regarding the implications of taxation and its connection to the recognition of cryptocurrency and associated procedures. Go to Source Powered by WPeMatico

Categories Cryptocurrencies, Cryptocurrency Exchange, Law, Nigeria, SEC
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  • bitcoinBitcoin(BTC)$89,564.000.20%
  • ethereumEthereum(ETH)$2,974.500.24%
  • tetherTether(USDT)$1.000.01%
  • binancecoinBNB(BNB)$886.120.78%
  • rippleXRP(XRP)$1.93-0.06%
  • usd-coinUSDC(USDC)$1.000.02%
  • solanaSolana(SOL)$129.290.71%
  • JUSDJUSD(JUSD)$1.000.02%
  • tronTRON(TRX)$0.3007371.69%
  • staked-etherLido Staked Ether(STETH)$2,974.060.26%