News
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
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Court News
A court is a tribunal that has the authority to provide legal processes of resolving disputes between parties in criminal, civil and administrative matters relying on the law. The court is one of the branches of power and is crucial to the political, economical and social prosperity of the country it’s in. The decisions of the court may be crucial to any industry working under its jurisdiction. For example, a court can pause or cancel an unconstitutional law or establish new law enforcement practices in fields like IT, minerals, environment and others. The court has already been involved in the blockchain industry. Courts are working on Bitcoin-fraud cases, making decisions about measures of restraint for criminals that were operating with blockchain-based platforms and more. Famous blockchain-related court cases include Ross Ulbricht’s case about the dark market Silk Road and Mark Karpeles case concerning the Mt.Gox exchange bankruptcy.
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One judge sided with Custodia Bank, stating that a master account is “indispensable” for a bank’s day-to-day operations and being denied one is “akin to a death sentence.”
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While a judge granted a motion by Changpeng Zhao, he also ordered the plaintiffs in the case against Binance to file a second complaint or face ”total or partial dismissal.”
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Investors allege JPMorgan helped facilitate fund flows in a $328 million crypto Ponzi scheme, while a parallel federal case targets Goliath Ventures’ founder.
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Kalshi claims in a preemptive lawsuit that there is “a substantial risk” that Iowa will take action against it after a meeting it had with state regulators.
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The prediction markets platform argued for an injunction against Ohio authorities, claiming that federal commodities laws superseded state laws on sports event contracts.
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Manhattan US Attorney Jay Clayton asked a judge to schedule a retrial in October for Tornado Cash co-founder Roman Storm on two charges where the jury failed to reach a verdict.
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Anthropic is the first US company the Pentagon has labeled a risk to the military, with the AI company calling it “unprecedented and unlawful.”
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The plaintiffs characterized the death carveout in a prediction market for the former Iranian Supreme Leader's ouster as "deceptive."
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Nevin Shetty was convicted of wire fraud related to secretly moving $35 million in funds from a Seattle startup to his own crypto platform in 2022 to use for DeFi investments.
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A federal judge froze 70.6 Bitcoin tied to BlockFills after Dominion Capital alleged customer fund misuse and sought the return of disputed assets.
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The company behind the clothing brand Original Penguin has accused Pudgy Penguins’ clothing merchandise of infringing on its trademarks.
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The US SEC ended its lawsuit against crypto entrepreneur Justin Sun after one of his companies agreed to pay a $10 million settlement, closing a three-year legal battle.
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The two separate rulings add new regulatory pressure as prediction markets also face scrutiny over information advantages and suspected insider activity tied to event-driven contracts.
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A federal judge said Uniswap isn’t responsible for scam tokens traded on the crypto platform, a decision that its founder Hayden Adams said was a “sensible outcome.”
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