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Blockchain Network EOS’ Participants Should Consider Legal Action Against Major Investor Block.one (B1): EOS Foundation CEO

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.The leader in news and information on cryptocurrency, digital assets and the future of money, CryptoX is a media outlet that strives for the highest journalistic standards and abides by a

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‘Is that legal?’ — Elon Musk chides OpenAI’s for-profit pivot after $50M investment

Billionaire Elon Musk has queried whether it's legal for OpenAI — the firm behind ChatGPT — to become a for-profit business after he invested approximately $50 million into it.On May 16, Musk spoke with CNBC during Tesla’s annual shareholder meeting and claimed he “came up with the name” OpenAI, intending

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EU’s MiCA Crypto Legal Framework Inches Towards Law With EU Council Finance Ministers’ Sign-Off

MiCA requires crypto firms such as wallet providers and exchanges to seek a license to operate across the bloc, and stablecoin issuers to hold suitable reserves. Its main features were politically agreed in June, but it’s been subject to administrative hold-ups. Major provisions take effect just over a year after

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Shaquille O’Neal claims process servers ‘tossed’ FTX legal papers at his moving car

Lawyers for NBA star Shaquille O’Neal, who previously endorsed the now-bankrupt crypto exchange FTX, have claimed two process servers inadequately delivered legal documents after previously failed attempts.In a May 8 filing for United States District Court in the Southern District of Florida, Shaq’s legal team said following “a failed motion

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Coinbase legal chief sends letter to SEC on RIA rulemaking

Coinbase’s legal chief has requested the United States Securities and Exchange Commission (SEC) make several revisions to its proposed regulation on the responsibilities of registered investment advisers (RIAs) for storing client assets with qualified custodians.Although the SEC acknowledges Coinbase Custody Trust Company as a “qualified custodian,“ Coinbase contends that the

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