A wide range of topics, including regulatory developments, legislative changes, court rulings, industry trends, and best practices in blockchain law. We source news from reputable publications, industry-leading sources, and authoritative legal resources to ensure you have access to timely and reliable information.
Tom Emmer‘s nonpartisan bill, the Blockchain Regulatory Certainty Act, just passed the Financial Services GOP. This marks a big step towards regulatory clarity for crypto in the US. Hear more from the House Majority Whip at Permissionless. More info: https://lnkd.in/dcfuNXKJ
FATF Travel Rule Implementation At the end of June, the Financial Action Task Force released its fourth “Targeted Update on Implementation of FATF’s Standards on VAs and VASPs.” The report surveyed 151 jurisdictions to find out what they have done to comply with the FATF Recommendations on virtual assets. With the results now in, we … Read more
Academic Grants Round 2023 Announcement – We are excited to announce the recipients of this year’s Academic Grants Round. We received more than 250 applications and have awarded over $2 million in funding to 43 projects across several categories. The awarded teams are distributed all across the globe with researchers from Austria, Australia, Canada, China, … Read more
An AI model is only as good as the data it’s trained on. Microsoft wants to make its data as neat as a pin. The company is seeking to patent a system for improving machine learning models by “detecting and removing inaccurate training data.” Microsoft’s system essentially works by picking out the outliers. Ironically, it … Read more
U.S. House Republicans Introduce Bitcoin Oversight Bill To Protect Investors In a move geared towards investor protection, U.S. House Republicans have introduced a Bitcoin oversight bill. This highlights the increasing attention legislators are paying to bitcoin’s growing presence in the economy. Bitcoin continues to have a strong outlook from the mining sector.
Celsius is in the spotlight as their lawyer and CEO face charges, showcasing the ongoing legal challenges within the Bitcoin industry. The situation underlines the importance of robust compliance systems within Bitcoin companies. Visit Bitcoin Magazine B2B to read entire article.
Grayscale Bitcoin Fund’s Discount Narrows as Court Decision Nears (Bloomberg) — Crypto investors appear to be the most optimistic in over a year about the odds of the world’s biggest Bitcoin investment product being allowed to be turned into an exchange-traded fund. The $18.8 billion Grayscale Bitcoin Trust’s discount to its net-asset value has narrowed … Read more
Nasdaq Inc. became the latest mainstream financial firm to take a step back from digital assets, aborting its launch of a custodian business in the US due to the shifting business and regulatory environment. The exchange operator is also halting its efforts to pursue a license related to the business but will continue to build out … Read more
Today, paperwork was filed in the case of Ilya Lichtenstein and Heather Morgan (also known by her rap name Razzlekhan) for their role in laundering the more than 120,000 Bitcoin stolen from Bitfinex in 2016, suggesting the couple will plead guilty in a hearing scheduled for August 3rd. The stolen Bitcoin was valued around $70 million at the … Read more
Chainalysis in Action: How Law Enforcement Tracked Millions’ Worth of Illicit Bitcoin in the Harmon Brothers Cases Within the span of a few years, two brothers from Ohio were imprisoned for cryptocurrency-related crimes. The first, Larry Dean Harmon, was arrested and charged for a money laundering conspiracy arising from his operation of Helix, a cryptocurrency mixing service operating on … Read more