Regulation

PleasrDAO Sues Martin Shkreli Over Alleged Livestream

PleasrDAO, a decentralized autonomous organization known for its unique collection of digital and physical art, has filed a lawsuit against Martin Shkreli, infamously known...

South Korea’s FSC Clarifies NFT Classification with New Law

South Korea’s Financial Services Commission (FSC), the country’s top financial regulator, has released new guidelines clarifying when non-fungible tokens (NFTs) are considered virtual assets....

SEC Considers Spot Ether ETF Application from ProShares

The United States Securities and Exchange Commission (SEC) has added a spot Ether (ETH) exchange-traded fund (ETF) application from asset manager ProShares, approximately three...

New U.S. Law Grants President Power to Block Digital Asset Access

A recently enacted U.S. law has granted the president unprecedented authority to block access to digital assets, sparking widespread concern about its broad implications...

Court Orders ASIC to Pay Costs in Block Earner Legal Dispute

Block Earner, a crypto-based startup, will not face penalties for its yield-bearing product, “Earner,” due to its honest efforts to engage with the government...

Changpeng Zhao Reports to California Prison Following Guilty Plea

Changpeng Zhao, the founder and former CEO of Binance, has officially started his four-month prison sentence in California. Zhao, often referred to as "CZ,"...

Qatar Central Bank Launches First Phase of CBDC Project

The Qatar Central Bank (QCB) has completed the infrastructure for its central bank digital currency (CBDC) project and has initiated the first phase of...

Banking Lobby Urges Biden to Reconsider SAB 121 Repeal Veto

Just hours before President Joe Biden vetoed the repeal of the Staff Accounting Bulletin (SAB) 121 on May 31, the American Bankers Association (ABA),...

Former Deutsche Bank Executive Sentenced to 41 Months for Fraud Schemes

On May 31, Rashawn Russell, a former Deutsche Bank executive, was sentenced to 41 months in prison by the Eastern District of New York...

Binance Compliance Chief Detained in Nigeria, Suspected of Malaria

Tigran Gambaryan, the head of compliance at Binance, remains imprisoned in Nigeria, suspected of suffering from malaria, according to a family spokesperson who spoke...

Biden Faces Decision Deadline on SEC Crypto Rules Repeal

President Joe Biden must soon decide whether to veto or sign a resolution that overturns the U.S. Securities and Exchange Commission's (SEC) controversial Staff...

Sullivan & Cromwell Cleared of Wrongdoing in FTX Case

An investigation into Sullivan & Cromwell LLP, the law firm associated with the now-defunct crypto exchange FTX, has revealed that the firm was neither...