Legal & Regulation

According to Reuters, which quoted persons familiar with the situation, Hong Kong-based Animoca Brands, a creator of blockchain gaming technology, has allegedly trimmed its objective for its metaverse fund by a further 20% to $800 million.…

The U.S. Securities and Exchange Commission (SEC) seems keen on making it harder for cryptocurrency firms to operate globally as well as domestically. Because of Gary Gensler’s anti-crypto market attitude as SEC chair, US-based crypto…

Texas Senator Ted Cruz has introduced a bill that will ban the FED from adopting a CBDC. Cruz is known for its recent attempts to protect the rights of the Bitcoin community. This bill is coming at a time when Texas is becoming one of the…

Justin Sun, founder of Tron, will face a jury trial after the United States Securities and Exchange Commission accused him of “orchestrating the unregistered offer and sale, manipulative trading, and unlawful touting of crypto asset…

Sony files a patent for NFT transferability between games, consoles and devices, enhancing the Web3 gaming experience. Sony Interactive Entertainment, a prominent gaming console and entertainment company, has applied for a patent that would…

The legal teams for FTX Digital Markets, domiciled in the Bahamas, have been accused of being a “fraudulent enterprise” used as a front to hide the company’s ownership by Alameda Research, FTX US, and FTX Trading. The Bahamas arm was…

According to a recent study by Crypto Betting, El Salvador has emerged as a major player in the world of Bitcoin, ranking second in terms of interest in cryptocurrency. The study used Google Analytics and the number of Bitcoin ATMs in each…

Gary Gensler, the U.S. Securities and Exchange Commission (SEC) chairman, is sticking to his stance that proof-of-stake tokens may satisfy the Howey Test’s definition of securities and fall under the SEC’s regulatory purview. Gensler said…

Credit Suisse, one of Switzerland’s largest banks, is facing an unprecedented crisis. Since today morning, Credit Suisse is experiencing its highest probability of default since 1857. The bank’s probability of default now stands at 47%, and…

SVB Financial has announced that it has officially filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Southern District of New York, one week after trading was suspended for the company and regulators took…