Legacy and estate planning is crucial for cryptocurrency holders because, unlike traditional assets, cryptocurrencies are not regulated by centralized authorities, making it difficult for heirs to access them after the owner’s death. Proper planning can ensure that digital assets are successfully transferred to loved ones and beneficiaries.
Ex-OpenSea Exec Convicted of Wire Fraud, Money Laundering in Insider Trading Case
Nate Chastain, the former head of product at non-fungible token (NFT) platform OpenSea, was convicted of money laundering and wire fraud in a New York court on Wednesday, according to a report from Reuters.
Trump NFT Sales Spike Following Ex-President’s Arraignment in New York
In the hour after the 45th President was arrested Tuesday afternoon, the collection saw 30 sales, a 462% increase after a long period of token-holder dormancy.
Is This Finally an Atomic Bomb From the SEC?
The U.S. Securities and Exchange Commission’s notice to Coinbase (COIN) that it’s likely to be accused of breaking securities laws could foreshadow an agency effort to break the back of the crypto sector as it now operates, but it also may finally force court rulings that define how the industry can move forward.
U.S. Supreme Court to Hear First Crypto Case Tuesday
The U.S. Supreme Court will hear arguments in its first ever crypto-related case on Tuesday, when lawyers for San Francisco-based crypto exchange Coinbase will attempt to convince the nine Justices to pause a pair of class action lawsuits against the exchange.
Hermès Asks Court for Control Over MetaBirkin NFTs
The French luxury house has filed an order asking for control of the MetaBirkins smart contract, social media handles and royalties.
Dapper Labs Ruling Dunks on Private Networks
A landmark ruling is bringing the NBA Top Shots creator back to court, and potentially opening up securities concerns for other NFTs.
Bankman-Fried $250M Bond Is a ‘Joke,’ Claims Securities Lawyer
“MetaLawMan” James Murphy says that in 30 years of experience he has “never seen anything this lenient in a situation” where someone has lost millions of dollars of users’ money.
CFTC Case Against Sam Bankman-Fried Postponed Until After Criminal Trial
The request to stay the SEC’s civil case against Bankman-Fried is still pending.
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.
XRP price bounces to $0.72 but still risks new lows in April — Here’s why
XRP risks plunging to $0.50 in April as it breaks out of a classic bearish continuation structure.
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.
NFT battles: Nike takes seller of unlicensed NFT sneakers to the court
StockX is an online reseller estimated to be worth $3.8 billion, and NFT sneakers in dispute are still online.
President Bukele fires back at critics on ‘Bitcoin experiment’
The adoption of Bitcoin is changing El Salvador’s economic landscape, according to the Salvadoran president.
Iran’s tax authority wants to legalize crypto exchanges
The Iranian tax agency has called for establishing a legal framework for crypto trading platforms so they can be taxed properly.
Crypto experts see Bitcoin replacing fiat money in 20 years
In a new survey, a number of cryptocurrency and fintech professionals expected a “hyperbitcoinization” to take place by 2040.
Iranian president calls for legal framework for crypto trading
Iran President Hassan Rouhani wants to protect national interests regarding crypto.
Ripple, SEC Say Settlement Unlikely Before Trial Over Alleged Securities Fraud
The SEC’s case over allegedly unlawful sales of XRP by Ripple to retail investors is entering the discovery phase.
DC Magistrate Judge Calls Unhosted Wallet ‘Horror Story’ a ‘Fiction’
“Indeed, cash poses a greater challenge to law enforcement than cryptocurrency in unhosted wallets,” wrote Magistrate Judge Zia Faruqui in an opinion on a forfeiture case.
Julian Assange’s Extradition to US Blocked Over Mental Health Concerns
A judge at the U.K.’s Central Criminal Court ruled Monday that there would be a “high risk” of suicide if Assange was sent to face charges in the U.S.
