Legal Archives - Free Bitcoin Earning Sites

US Treasury wants to get crypto industry on board with sanctions programs

October 18, 2021 Government, Legal, OFAC, Regulation, Sanctions, Treasury Eddy 0

The Treasury wants to keep its sanctions toolbox effective. That apparently means working with the crypto industry. On October 18, the Treasury published a review of sanctions for 2021. While it highlights crypto as a threat, it also stresses the need for the department to engage with the crypto community. Administered by the Treasury’s Office […]

Ukraine’s president returns long-awaited crypto bill to Parliament, seeking regulatory revisions

October 6, 2021 Government, law, Legal, Regulation, securities, Ukraine, Volodymyr Zelensky Eddy 0

On October 6, the office of Volodymyr Zelensky, president of Ukraine, returned to Parliament a bill that would establish a comprehensive regulatory regime for digital assets. The primary issue that the president’s office had was the establishment of a new regulatory body for crypto, which would be expensive: “The creation of a new body, as […]

International authorities arrest ransomware gang members in Ukraine

October 5, 2021 Crime, criminal law, Legal, Police, Ransomware, Ukraine Eddy 0

On October 4, Europol announced the arrest of two ransomware operators in Ukraine, part of a crackdown on a larger organized cybercrime group that targeted industrial groups in North America and the EU. The ransomware operators were not named, nor was the operating group or strain of ransomware they deployed. The only specifics were that […]

Compound Labs’ general counsel announces departure

October 1, 2021 COMP, compound, DeFi, law, Legal, lending Eddy 0

DeFi lending protocol Compound is losing its lead attorney. On October 1, Jake Chervinsky tweeted that he would be stepping down as Compound Labs’ general counsel, a role he has occupied for two and a half years. In that time, Compound has grown dramatically, with over $15 billion in assets currently earning interest on its […]

Judge dismisses some claims against Bitfinex and Tether but class-action lawsuit continues

October 1, 2021 Bitfinex, Exchanges, Lawsuit, Legal, Markets, Tether Eddy 0

A judge has thrown out about half of the claims in a class-action lawsuit alleging that exchanges Bitfinex, Bittrex and Poloniex, stablecoin operator Tether and others manipulated crypto markets. In June of 2020, a group of traders and trading firms grouped up to file an amended complaint against the exchanges in the Southern District Court […]

SEC levies charges against alleged ‘meme stock’ wash traders

September 27, 2021 Legal, meme, SEC, wash trading Eddy 0

The Securities and Exchange Commission (SEC) has charged two men with allegedly wash trading meme stocks to take advantage of rebate programs. At the start of 2021, certain unlikely stocks went gangbusters when online communities identified that Wall Street short-sellers were taking on large positions in thought-to-be-failing businesses like GameStop and AMC. Retail traders piled […]

Ethereum researcher Virgil Griffith pleads guilty to sanctions violations

September 27, 2021 Ethereum, Legal, Virgil Griffith Eddy 0

Ethereum researcher Virgil Griffith has pleaded guilty at the start of his trial in the Southern District of New York. Griffith was formally indicted for allegedly giving a talk in North Korea on blockchain and cryptocurrencies, violating U.S. sanctions laws. At the time, U.S. Attorney Geoffrey S. Berman said Griffith allegedly “provided highly technical information […]

Judge denies Ripple’s request for SEC crypto trading disclosures

September 21, 2021 ripple, Legal, SEC, XRP Eddy 0

A U.S. magistrate judge has denied Ripple’s request for documents detailing regulators’ crypto trading activity. In a motion published to the federal register today, Judge Sarah Netburn declined to grant Ripple access to documents that could show whether employees of the Securities and Exchange Commission (SEC) have executed transactions in bitcoin, ether or XRP. The […]

Chainalysis used an IP-scraping block explorer to aid law enforcement, leaked docs say

September 21, 2021 Analytics, Chainalysis, Crime, dark web, investigations, Italy, Legal Eddy 0

Documents leaked on the dark web and first reported by CoinDesk’s Danny Nelson show Chainalysis advertising its use of an affiliated wallet explorer as a means of gathering IP information to aid in police investigations. The deck — allegedly from a presentation to Italian law enforcement — noted that the firm had used WalletExplorer.com to […]

$30M in ETH on the move after authorities confirm arrest of WEX exchange founder

September 21, 2021 BTC-e, Crime, ether, Kazakhstan, Legal, Money Laundering, Poland, Wex Eddy 0

Earlier this week, reports emerged that Polish authorities had arrested Dmitri Vasiliev, the founder of crypto exchange WEX, in Warsaw. Yesterday, as authorities officially confirmed that Vasiliev was in custody, $30 million in ether (ETH) started moving out of a wallet associated with WEX. However, it appears that the actual handling of the funds could […]

Category: Legal