Law and Order

In a court filing on Thursday, Coinbase opposed a 16-day extension request by the Federal Deposit Insurance Corporation (FDIC) to delay its response in a public records lawsuit over documents tied to the alleged debanking of crypto firms.  The case centers on internal communications that Coinbase believes show the agency engaged in a covert campaign, […]

Digital asset managers Grayscale Investments and Osprey Funds have reached a settlement agreement after their long-drawn legal dispute over marketing practices. A motion filed with the Connecticut Appellate Court on April 9 shows the parties are looking at 45 days to finalize settlement documentation after Osprey appealed a February decision favoring Grayscale. “Soon after this

Arizona is one step closer to locking in legal protections for crypto miners and blockchain node operators. On Thursday, the state legislature passed HB 2342, a bill that protects individuals who mine Bitcoin or operate blockchain nodes at home from zoning and usage restrictions imposed by cities or counties.  The bill cleared the Arizona Senate

A tech founder who raised over $40 million pitching a cutting-edge AI shopping app has been charged in the U.S. with fraud after it was revealed the AI powering the app was a call center full of human workers in the Philippines. Albert Saniger, 35, founder and former CEO of “nate,” allegedly misled investors by

The SEC has dismissed its lawsuit against Nova Labs, the company behind Helium Network, establishing that the project’s tokens and hotspot devices connected to its blockchain aren’t securities. With the dismissal, the SEC establishes that “selling hardware and distributing tokens for network growth does not automatically make them securities,” Helium wrote Thursday The SEC’s decision

The Federal Bureau of Prisons has moved Sam Bankman-Fried to a Southern California prison known for its brutality. The fallen founder of the FTX exchange has been incarcerated at a medium security facility in Victorville, California, about two hours northeast of Los Angeles, as of Wednesday, according to a BOP inmate locator. Bankman-Fried was sentenced to

A bill proposing the creation of a state Bitcoin reserve was passed by the New Hampshire House of Representatives on Thursday.  The House’s vote on New Hampshire Bill HB302, which if passed would allow the state’s treasury to invest in precious metals and digital assets, held a difference of just 13 votes, with 192 representatives

A crypto “mining farm” in Gwangju turned out to be a front for money-spinning of a different kind: illegal gambling. On Wednesday, South Korean police busted a makeshift gaming room that funneled over $95,000 (₩140 million) through unlicensed machines under the pretense of mining crypto. Gwangsan Police Station announced that they are investigating a man

OpenAI says Elon Musk didn’t just leave the company; he tried to take it over, and the AI research giant says it has the emails to prove it. In a newly filed countersuit, OpenAI accuses Tesla CEO Elon Musk of attempting a hostile takeover of the company he helped found, using what it called “bad-faith

NFT marketplace OpenSea is asking U.S. regulators to clarify that it and platforms like it should not be treated as securities exchanges or brokers.  The request comes just months after the Securities and Exchange Commission (SEC) dropped a probe into the company’s alleged violation of federal securities laws. In a letter dated April 9, OpenSea’s