Legal Archives - Free Bitcoin Earning Sites

The legal future of NFTs: A conversation with lawyer Mercedes Turnstall

April 15, 2021 FTC, Institutional, lawyer, Legal, loeb & loeb, nft, Non-fungible tokens Eddy 0

Quick Take While non-fungible tokens (NFTs) have become popular in the crypto space and are being experimented with by mainstream brands and digital artists, the hype around them is starting to show signs of a slowdown. The legal repercussions of these digital collectibles remain open to debate, particularly when it comes to their regulation and […]

Chinese police arrest EOS gambling dApp team, seize $3.8 million in crypto

April 15, 2021 Asia, China, DAPP, EOS, Legal Eddy 0

The Chinese police in the city of Yancheng in Jiangsu province have arrested a group of developers behind a decentralized gambling app on the EOS network. The Jiangsu police, the same division that busted the PlusToken Ponzi scheme last year, announced on Thursday that it arrested 15 people and subsequently confiscated 1.3 million units of […]

COPA files lawsuit in UK against Craig Wright for claiming copyright ownership of Bitcoin white paper

April 12, 2021 copa, Copyright, Craig Wright, Legal Eddy 0

A crypto industry working group committed to patent sharing is asking the United Kingdom High Court to rule that Craig Wright does not own the Bitcoin white paper. The civil suit from the Crypto Open Patent Alliance (COPA) challenges claims Wright has continuously made in recent years that he is Satoshi Nakamoto, the pseudonymous creator […]

Class action lawsuit filed against crypto wallet firm Ledger, Shopify over 2020 customer data breach

April 8, 2021 crypto wallet, Custody, cyberattacks, cybersecurity, Data Breach, Ledger, Legal, Phishing Eddy 0

Ledger and Shopify, which handles the online sales of Ledger’s wallets, have been hit with a class action over last year’s data breach. Ledger produces some of the most popular cold wallets on the market. The summer of 2020 saw news spread of phishing attacks against Ledger users, with the firm ultimately disclosing that it […]

Bitcoin’s ‘Kimchi premium’ slips as South Korean officials pledge action on illegal crypto market activities

April 7, 2021 Asia, Government, Kimchi Premium, Legal, manipulation, Regulation, South Korea Eddy 0

South Korea’s government has pledged to focus on illegal activities in crypto markets. The South Korean Financial Services Commission, Ministry of Finance, Ministry of Justice, among other regulators, met on April 7 to discuss virtual asset trading. In their announcement following the meeting, the authorities wrote: “We will strictly crack down on illegal activities related […]

Former BitMEX CEO Arthur Hayes surrenders to US authorities: report

April 7, 2021 BitMex, CFTC, commodities, Crime, derivatives, DoJ, Legal Eddy 0

Former BitMEX CEO Arthur Hayes has reportedly surrendered to U.S. authorities in Hawaii. Per a Bloomberg report from April 6, Hayes appeared before a federal judge in Hawaii. Hayes was later released on a $10 million bond, with future court proceedings set to take place in New York. Hayes’ surrender on April 6 was expected, […]

IRS wants customer records from Kraken — but a judge says it must narrow the request

April 2, 2021 DoJ, IRS, John Doe, kraken, Legal Eddy 0

The Internal Revenue Service (IRS) is seeking customer records from another crypto exchange. After getting the green light to serve Circle a so-called John Doe summons yesterday, the Department of Justice has filed for the tax regulator to issue the same request to Kraken. The Department of Justice’s Tax Division filed the petition with the […]

Court authorizes IRS to seek customer records from crypto firm Circle

April 1, 2021 Circle, IRS, Legal, Poloniex Eddy 0

The Internal Revenue Service (IRS) is seeking customer records from crypto firm Circle to check U.S. residents are meeting their tax obligations. According to a Thursday statement from the Department of Justice, the tax watchdog plans to serve a John Doe summons to circle and its affiliates. The statement explicitly named Poloniex, which Circle acquired […]

UK financial watchdog adds bitcoin ATMs to unregistered crypto business list as part of AML push

April 1, 2021 AML, Bitcoin ATM, FCA, Legal, Money Laundering, Regulation, UK, unregistered Eddy 0

A leader at the United Kingdom’s Financial Conduct Authority spotlighted the country’s recent anti-money laundering work (AML) in a recent speech. In a speech delivered on March 24 but publicized on April 1, Mark Steward cited cryptocurrency as a key emerging risk to AML controls. Steward heads the FCA’s Enforcement and Market Oversight division. In […]

Operator of darknet news site DeepDotWeb pleads guilty to money laundering

March 31, 2021 darknet, DoJ, drug trafficking, FBI, Legal, Regulation Eddy 0

The US Department of Justice announced today that Tal Prihar, who ran DeepDotWeb, pleaded guilty to conspiracy to commit money laundering. According to the DOJ’s charges, Prihar used the news site DeepDotWeb to run ads directing readers to various darknet marketplaces. They say Prihar made approximately 8,155 Bitcoin on kickbacks for such ads, based on […]

Category: Legal