Australian Regulator ASIC Takes Legal Action Against Kraken’s Bit Trade for Alleged Non-Compliance
The Australian Securities and Investments Commission (ASIC) has initiated legal action against Bit Trade, the provider of the Kraken cryptocurrency exchange in Australia, for alleged non-compliance with design and distribution obligations (DDO) for one of its trading products. ASIC claims that Bi ...
Crypto Exchange Faces Legal Threat After Ceasing Communication with GPT Guru Team
Opinion: Is this exchange the next FTX? The blockchain industry has been revolutionary, to say the least. In the last three years, the crypto market has affected and changed lives positively — mine included. And this is ...
Checkout Ends Partnership with Binance Due to Regulatory Concerns
Payment operator Checkout has ended its partnership with Binance. The reason for the termination was "regulatory reports and sanctions," Forbes writes. Binance disagrees with Checkout and intends to challenge the decision in court. British credit card ...
U.S. Department of Justice Requests Congressional Funds Return from Bankrupt FTX Exchange
The U.S. Department of Justice sent letters to members of Congress asking them to voluntarily return funds received from the bankrupt cryptocurrency exchange FTX. The office of Republican Senator Bob Latta of Ohio confirmed receiving a letter from the DOJ. In October 2 ...
Riot Platforms Files Lawsuit Against Rhodium Enterprises for Failure to Pay $26 Million in Mining Commissions
The Texas miner failed to remit payments for leased power And also illegally used power credits The case will now go to court Mining giant Riot Platforms filed suit against Rhodium Enterprises, a Texas-based bitcoin miner. They accuse the partner of f ...
Conifex Timber takes legal action to lift ban on crypto mining in British Columbia
Conifex Timber, a Canadian company, has taken legal action by applying to the highest court in British Columbia to lift the local ban on the mining of cryptoassets. The company is also demanding that the Hydroelectric Power Authority (BC Hydro) resume the supply of electricity in the required vol ...