First Mover Americas: BTC Dips; 3AC Liquidation Reportedly Ordered by BVI Court
The latest price moves in bitcoin ($BTC) and crypto markets in context, for June 29, 2022. Source
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British Virgin Islands court reportedly orders to liquidate 3AC
Troubled cryptocurrency venture capital firm Three Arrows Capital (3AC) is facing more uncertainty amid new reports on the company’s liquidation.A court in the British Virgin Islands on June 27 ordered the liquidation of Singapore-based 3AC, the British news agency Sky News reported on Wednesday.The information in the report refers to
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Chinese court invalidates 2019 car sale made using now worthless crypto token
Last week, a WeChat post published by the Shanghai Fengxian Court began circulating in crypto circles with regards to its recent ruling on a car sale in May 2019 made using digital currency. At the time, the buyer, identified only as Mr. Huang, signed a sales contract to purchase a
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Virtual Currency-Based Sale Agreement an Invalid Contract, Chinese Court Rules – Regulation Bitcoin News
A virtual currency cannot be circulated in the market as a currency, therefore a vehicle sale contract wherein parties agreed that the buyer would pay with a privately issued digital currency is invalid, a Chinese court has ruled. The court asserts that a virtual currency does not have the same
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Nigerian Court Sentences Crypto Fraudster to One Year in Jail, Accused Given Option to Pay Fine – Bitcoin News
A Nigerian court has convicted and sentenced a man to one year in prison who is accused of duping an unsuspecting cryptocurrency investor. On its charge sheet, the prosecution said that the man had contravened Nigeria’s anti-fraud laws and hence should be punished accordingly. Fake Cryptocurrency Investment Scheme A court in
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Coin Center takes US Treasury to court over alleged financial spying
Coin Center, a Washingon, DC-based non-profit blockchain advocacy group, filed a lawsuit against the United States Department of the Treasury for allegedly provisioning an unconstitutional amendment in the controversial infrastructure bill.Coin Center lawsuit information about plaintiffs and defendants. Source: Case: 5:22-cv-00149-KKCIn an official announcement, Coin Center revealed the filing of a suit
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Appeals court rules Do Kwon, Terraform Labs must heed SEC subpoena served in September
The United States Court of Appeals for the Second Circuit on Thursday rejected Terraform Labs CEO Do Kwon’s dispute of a subpoena by the Securities and Exchange Commission (SEC). The federal agency was seeking documents and testimony in connection with its investigation of whether Terra used the Mirror Protocol to
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China Supreme Court calls for mass blockchain adoption in judicial system
The Supreme People’s Court of China urged the local judicial system to adopt blockchain technology to build up connections between courts across the country by 2025. See related article: How blockchain technology is shaking up courtrooms in Asia Fast facts The document noted that there are over 2.2 billion pieces of judicial certificates
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After Armstrong Tweet, India’s Crypto Policy Body Says No Contempt of Court Challenge vs. RBI
Procedurally, legal sources say a contempt of court challenge is technically best filed by the original petitioner in the Supreme Court, which in this case would be the IAMAI. If it is not the original petitioner, then an individual entity seeking to file a contempt of court is required to
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Russian Court Acknowledges Crypto as a Form of Payment
Russia has joined the list of countries that have adopted cryptocurrency as a means of payment. However, this might be less so from an eagerness to adopt the world of crypto, but rather may be related to the sanctions imposed on the country due to the ongoing war between Ukraine
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