Genius Group, the Singapore-based educational technology company that adopted a bitcoin treasury plan, is facing a major financial and legal crisis after a U.S. court blocked it from raising funds, issuing shares or buying more bitcoin. That decision has inevitably forced the company to sell some of its bitcoin holdings, scale back operations and file […]
U.S. Court Halts Genius Group’s Bitcoin Treasury Plan Read More »
Texas Senator Ted Cruz has just introduced the FLARE Act—a bill that turns waste energy into productive power. Announced on April 1, the legislation aims to reduce emissions and strengthen the energy grid by repurposing the natural gas that would otherwise be burned off. Senator Cruz on X The FLARE Act offers tax incentives to
Senator Ted Cruz Pushes FLARE Act to Mine Bitcoin With Flared Gas Read More »
Galaxy Digital, founded by Michael Novogratz, has agreed to pay $200 million in penalties to resolve allegations that it violated New York laws by promoting the cryptocurrency LUNA without disclosing its financial interests. Galaxy’s LUNA Disclosure Failure Violated NY Laws Michael Novogratz’s Galaxy Digital recently agreed to pay $200 million in penalties to resolve allegations
Lack of Disclosure on LUNA Costs Galaxy Digital $200 Million Read More »
Kentucky has officially dropped its lawsuit against Coinbase over the exchange’s crypto-staking services. According to a joint filing submitted on March 31, the state’s Department of Financial Institutions dismissed the case without prejudice, signaling a broader shift in regulatory sentiment. Paul Grewal, Coinbase’s Chief Legal Officer, responded by highlighting the growing momentum in favor of
Kentucky drops Coinbase’s staking lawsuit amid growing regulatory shift Read More »
A court in Brazil has authorized the use of non-fungible tokens (NFTs) to notify unidentified defendants in a case involving missing Bitcoins (BTC) tied to an alleged pyramid scheme, BWA Brazil. The decision stems from legal action filed by the court-appointed trustee of BWA Brazil’s bankrupt estate seeking to interrupt the statute of limitations on
Brazilian judge allows NFT subpoenas to Bitcoin wallets in high-profile fraud case Read More »
A South Korean court has sent three members of a crypto scam ring to prison after hearing that they stole some $416,000 from victims as part of a concerted campaign. The newspaper Chosun Ilbo reported that a branch of the Busan District Court’s Criminal Division sent the ringleader of the operation to jail for four
South Korean Court Jails Three Members of ‘Crypto Scam Gang’ Read More »
President Donald Trump issued full pardons to the three co-founders of crypto exchange BitMEX on March 27, clearing their names years after they admitted to violating US anti-money laundering laws, CNBC reported. Arthur Hayes, Benjamin Delo and Samuel Reed, who launched BitMEX in 2014, had each pleaded guilty to charges under the Bank Secrecy Act.
Trump exonerates BitMEX co-founder in landmark anti-money laundering case Read More »
The announcement comes just days after the SEC also walked away from its appeal of the verdict from the same lawsuit filed more than four years ago. $75M Win for Ripple as It Drops Cross-Appeal Against SEC In December 2020, the U.S. Securities and Exchange Commission (SEC) sued crypto firm Ripple Labs, the largest holder
Ripple Drops Cross-Appeal of SEC Case, Recovers $75M Read More »
Scammers are forging arrest warrants for missed jury duty, demanding payment in bitcoin and gift cards. They use realistic court-style documents and urgent threats to exploit fear of arrest. Court Warns of Forged Arrest Warrants Tied to Bitcoin Demands Over Missed Jury Duty The U.S. District Court of the Western District of Virginia announced on
Court Sounds Alarm on Jury Scam Demanding Bitcoin Payments Read More »
A crypto market maker admitted to years of fake trading, using custom software to inflate token prices and volumes in a massive scheme to mislead investors. Wash Trading Empire Crushed: DOJ Exposes Years-Long Crypto Volume Scam The U.S. Department of Justice (DOJ) announced on March 21 that Gotbit Consulting LLC and its founder Aleksei Andriunin
$23 Million Seized as Crypto Market Maker Collapses With Guilty Plea Read More »
