Law – Page 49 – DIGIT INFO

Russia Cracking Down on Crypto Miners Minting in Residential Areas

Russian authorities are now prosecuting miners extracting cryptocurrency using subsidized electricity for the population, according to a top official from the energy ministry. Power utilities are detecting their increased consumption and trying to make them pay at commercial rates. Amateur Crypto Miners in Russia Under Pressure Despite Lack of Regulation for Home Mining Electricity distribution […]

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‘You can commit fraud in shorts and T-shirts in the sun,’ says SDNY attorney on SBF indictment

Damian Williams called on individuals who may have been involved in alleged illegal actions at FTX and Alameda to “come see us before we come see you,” hinting at future arrests.

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CFTC files lawsuit against Sam Bankman-Fried, FTX, and Alameda for fraud

According to the federal regulator, SBF and FTX companies “used FTX customer funds for a variety of personal expenditures” including real estate and private jets.

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Bahamas reportedly asked SBF to mint new coin after FTX collapse

The FTX collapse has reportedly fueled a major international legal dispute between the United States and the Commonwealth of the Bahamas.

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Coinbase report shows dramatic increase in law enforcement enquiries worldwide

The crypto exchange says the overall number of enquiries is up 66%, with the United States producing the most by far; the U.S., and three European countries made 80% of all requests.

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Former top SEC crypto regulator hired by Caroline Ellison

Ex-Alameda Research head will be represented by Stephanie Avakian and a team of attorneys from WilmerHale.

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Sam Bankman-Fried’s parents no longer on the Stanford Law School roster

Joseph Bankman and Barbara Fried have started facing professional consequences for their child Sam Bankman-Fried’s illegal actions.

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Yuga Labs, Moonpay faces lawsuit over celebrities NFT promotion

Over 40 people and companies are named as defendants in the lawsuit, including Paris Hilton, Snoop Dog, Jimmy Fallon, Justin Bieber, Madonna.

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Gensler’s approach toward crypto appears skewed as criticisms mount

While the SEC chairman has promised to make crypto safer for everyone, the recent slew of company collapses seems to suggest otherwise.

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Bank of Russia Backs Crypto Mining Bill But Insists Minted Coins Should Be Exported

The monetary authority in Moscow has expressed support for the latest legislative attempt to legalize cryptocurrency mining. However, the regulator wants the extracted digital currency to be sold outside the country or only under special legal regimes in Russia, as an exception. Russia’s Central Bank Suggests Restrictions Be Added to Proposed Crypto Mining Law The […]

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