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Cryptocurrency is deemed property capable of being held on trust, Judge Philip Jeyaretnam of the High Court of Singapore decided in a ruling on July 25. The Judge said he didn’t see any difference between crypto, fiat money or shells, as long as all those objects, physical or not, share
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The latest development in the lawsuit of the United States Securities and Exchange Commission (SEC) versus cryptocurrency exchange Coinbase comes as a date is confirmed for the two parties to voice their initial arguments. On July 24, Coinbase’s chief legal officer Paul Grewal tweeted the news of New York judge Katherine
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The recent court ruling that Ripple’s XRP (XRP) token is not considered a security when sold on digital asset exchanges has sparked a wave of positive sentiment across the cryptocurrency ecosystem. Stuart Alderoty, chief legal officer at Ripple, told Cointelegraph that he believes the most important part of this ruling is
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Bank of America says it continues to differentiate between the trading of blockchain-native crypto tokens, for which regulations are still being established, and the trading of tokenized traditional assets including exchange-traded-funds (ETFs), repos and gold, for which the “rules are already established and trading volumes have already reached trillions of
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied New court documents reveal that while Sam Bankman-Fried appeared unprepared for the fall of his FTX crypto exchange, he had other survival plans. The filings disclose his strategy to acquire the island nation of Nauru, envisioning it
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A British court granted an appeal on July 20 that gave Craig Wright the right to argue in litigation that the Bitcoin file format is well-defined enough to qualify for copyright protection. Wright, who since 2016 has claimed to be the inventor of Bitcoin (BTC), launched a lawsuit against 13 Bitcoin
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Gabriel Bankman-Fried, the brother of former FTX CEO Sam Bankman-Fried, had a plan to survive a global catastrophe using funds from the now-defunct cryptocurrency exchange.According to a July 20 filing with the United States Bankruptcy Court for the District of Delaware, Gabriel planned to purchase the island nation of Nauru
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The Eighth Judicial District Court of Nevada has granted a petition from the state’s Financial Institutions Division (NFID) placing crypto custodian Prime Trust into receivership, pending a hearing to show cause. In a July 14 filing, the Nevada court ordered the appointment of a receiver for Prime Trust following a June
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The XRP ruling could impact creditor repayments for holdings of Celsius’ token CEL, given U.S. bankruptcy rules which apply a mandatory downgrade to customer claims relating to securities. The estate has previously judged the token’s worth at $0.20, but it could also fall to zero, Koenig said, while some creditors
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