It’s a “tricky case,” as it is unknown what obligation these firms actually had to “completely separate investors,” suggests a crypto lawyer.
Brazil’s oldest bank allows residents to pay their taxes using crypto
The move will allow Brazilian taxpayers to easily settle their tax liabilities, meanwhile expanding “access” to the digital asset ecosystem.
El Salvador’s ‘limited’ use of Bitcoin prevents forecasted risks, says IMF
The IMF has suggested that El Salvador “reconsider” its plans for Bitcoin, following a recent visit to the country.
SEC to up scrutiny of firms offering or giving advice about crypto
Registered crypto brokers and advisors may need to be on edge when giving advice this year, after a recent warning from the SEC.
The world must take a ‘collective action’ approach to regulations – India’s Finance Minister
Nirmala Sitharaman hopes that finance ministers and central bank governors will be able to agree on crypto regulations in the G-20 meeting in Bengaluru later this month.
Protocol Labs, Chainalysis and Bittrex add to crypto layoff season
Crypto execs suggested that the “extremely challenging” times forced them to cut jobs in order to “weather this extended” crypto winter.
Logan Paul and CryptoZoo sued in class action lawsuit
The plaintiff, known as Don Holland, has filed a lawsuit against CryptoZoo and Logan Paul, alleging his “fraudulent venture” executed a “rug pull.”
Regulatory action against Mango Markets exploiter is a win for DeFi — Moody’s
SEC and CFTC taking action against the alleged fraudster show that DeFi is becoming a “safer and more welcoming environment,” according to credit rating firm Moody’s.
BlockFi gets court nod to sell crypto mining assets
It is understood that BlockFi wants to get bids in as quickly as possible to make the most of the current market conditions.
US prosecutors seek to ban SBF from Signal after alleged witness contact
It’s alleged that the former FTX CEO attempted to arrange a “constructive relationship” with the current General Counsel of FTX US, Ryne Miller.
Hackers takeover Azuki’s Twitter account, steal over $750K in less than 30 minutes
The majority of the funds stolen were from a single wallet which had $751,321.80 USDC drained from the malicious link.
US institutions account for 85% of Bitcoin buying in ‘very positive sign’ — Matrixport
Matrixport’s head of research and strategy suggests the industry will soon see layer 1 and other altcoins outperforming relative to Bitcoin.
Leaked bids: Binance, Galaxy Digital among secret bidders for Celsius assets
Crypto blogger Tiffany Fong has shared documents she claims to have obtained in late December detailing several bids for Celsius’ crypto assets.
Keep an eye out for major company NFT trademark filings this year
NFT trademark filings by companies aren’t just a marketing stunt. According to a trademark lawyer, they have to use what’s in the application.
BlockFi to sell $160M in Bitcoin miner-backed loans: Report
The deadline for bidders to submit offers for the Bitcoin-machine-backed loans is set for Jan. 24.
NFT court orders could become a norm in crypto-related litigation: Lawyers
Despite whether the defendant sees the court notice, getting served by NFT ‘limits what the defendant’ can do with the funds according to legal experts.
FTX reboot could falter due to long-broken user trust, say observers
Crypto industry observers have questioned whether customers or investors will ever want to “come near” FTX again.
Compass Mining sued for losing Bitcoin mining machines bought by customers
The lawsuit alleges that Compass Mining didn’t disclose to Bit River that it was only the ‘middleman,’ not the owner of its customers’ machines.