Florida court reinstates Binance US money services license
Binance US wins appeal to reinstate its Florida money-services business license. Court ruled OFR lacked legal justification for the emergency suspension order. Binance US suspension posed financial risks to over…
UK High Court Judge rules against Craig Wright over Bitcoin copyright claims
Central to the case were the copyright claims made by Craig Wright over Bitcoin’s whitepaper and code. COPA claims victory, aims to safeguard Bitcoin’s decentralized nature against unwarranted copyright claims.…
Genesis to return $3B to customers after court approves bankruptcy plan
Genesis Global gets court approval to repay $3 billion to customers. Judge Sean Lane overruled an objection from Genesis parent company Digital Currency Group. DCG argued payments to be in…
Do Kwon set for extradition to South Korea after Montenegro court rejects appeal
The Montenegro Appellate Court rejected Do Kwon’s appeal on impending extradition to South Korea. Kwon was arrested last year following the collapse of Terra Luna and its stablecoin UST in…
Appeals court orders an independent scrutiny of FTX bankruptcy
The federal appeals court in Philadelphia ordered that an independent examiner be appointed to scrutinize the FTX collapse. Bankruptcy court judge John Dorsey had earlier denied the trustee’s request. A…
Montenegro court revokes Do Kwon’s extradition approval amid legal process flaws
Montenegro Court revokes Do Kwon’s extradition, citing legal flaws in the November decision. Appellate Court highlights procedural shortcomings in US extradition request handling. Despite the extradition revocation, Kwon’s fate still…
US court approves $2.85 billion CFTC fine against Binance and CZ
Binance will pay $2.7 billion and its former CEO Changpeng Zhao $150 million. The fine is part of the $4.3 billion settlement Binance agreed with the DOJ, FinCEN, OFAC and…
Court approves protective order in SEC vs. Binance lawsuit
Court approves info disclosure order in SEC vs. Binance lawsuit. The protective order allows confidentiality for trade secrets and customer info in discovery. Binance challenges the SEC’s broad demands, protecting…
US court denies SEC request to look into Binance US
A US District Judge has rejected SEC’s request for an inspection of Binance US documents. Binance US stood firm on its stance calling the regulatory watchdog’s request “overboard”. SEC’s request…
Singapore High Court rules crypto not different from fiat money or shells
Cryptocurrencies will now be viewed as property in Singapore. The high court also demystified the notion that cryptocurrencies do not hold any value. The Monetary Authority of Singapore (MAS) will…