Sam Bankman-Fried Trial: Prosecutors Submit Proposed Jury Instructions
Prior to Sam Bankman-Fried going on trial in October, US prosecutors presented their suggested jury instructions.
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Crypto Advocacy Group Coin Center Proposes Tax Reforms for Digital Assets
Key Takeaways Coin Center, a leading cryptocurrency advocacy group, has proposed a series of recommendations to American lawmakers, aiming to influence potential legislation concerning the taxation of digital assets. In an official letter dated August 21, addressed to Senators Ron…
Coinbase acquires Equity stake in Circle, Centre Consortium dissolved
Key Takeaways Cryptocurrency giant Coinbase Global has unveiled a strategic maneuver that involves an equity stake acquisition in Circle Internet Financial. As part of this development, the collaborative management entity called the Centre Consortium, responsible for overseeing the widely used…
Ethereum Co-Founder Vitalik Buterin transfers $1M ETH to Coinbase
Key takeaways: Ethereum‘s co-founder, Vitalik Buterin, has made waves once more with a notable transaction. Today, Buterin moved 600 Ether, worth more than $1 million, from his wallet to the popular cryptocurrency exchange, Coinbase. While the motives for this action…
Federal court upholds sanctions on Tornado Cash
Key Takeaways: A U.S. Federal Court has ruled in favor of the United States Treasury Department’s authority and decision to impose sanctions on the widely-used cryptocurrency mixer, Tornado Cash, due to money laundering concerns. U.S. District Judge Robert Pitman upheld…
Bitget Implements KYC Requirements to Align with Global Regulatory Trends
In order to comply with international regulatory standards, Bitget is revising its Know Your Customer (KYC) requirements for consumers.
Yuga Labs Pulls Away from OpenSea Amid Royalty Fee Policy
Yuga Labs plans to discontinue support for OpenSea once Operator Filter, the platform's on-chain tool for enforcing royalties, is removed.
NFT platform Recur Shuts down, Cites Challenging Crypto Winter
The company pointed to unforeseen challenges and shifts in the business landscape that have made it increasingly difficult for them to maintain the level of service they have always strived for.
Gryphon Digital Aims for Dismissal in $500K Bitcoin Spoof Lawsuit
Gryphon argues Sphere's alleged inadequate security measures inadvertently paved the way for a malicious actor to compromise the company's systems.
Gemini challenges SEC lawsuit, seeks dismissal
Key takeaways: Gemini, a cryptocurrency exchange, has submitted a reply brief in its ongoing legal battle against the United States Securities and Exchange Commission (SEC), as it seeks to have the lawsuit dismissed. The core of the lawsuit centers around…
