NY Sen. Thomas proposes to criminalize rug pulls and other crypto frauds

NY Sen. Thomas proposes to criminalize rug pulls and other crypto frauds

April 24, 2022 0

Senator Kevin Thomas seeks to provide prosecutors with a clear legal framework against crypto crimes that align with the spirit of the blockchain while combatting fraud. New York State Senator Kevin Thomas introduced a new bill amendment request to establish certain offenses related to rug pulls and other frauds related to virtual token distribution, misuse […]

1,773 Bitcoin ASICs Destroyed by Malaysian Police

April 24, 2022 0

Malaysian police have destroyed 1,773 Bitcoin ASIC miners, according to a Sunday report by local newspaper Sinar Harian. Apart from mining machines, the authorities also disposed of computers, modems, desktop switches and routers, and CCTVs. The aforementioned equipment had been seized as the result of 38 raids carried out in the Kota Setar District. Acting […]

Binance agreed to share data with Russian government agency: report

Binance agreed to share data with Russian government agency: report

April 22, 2022 0

Binance reportedly agreed to share user information with a Russian agency that collects and analyzes information about financial transactions as the crypto exchange seeks to enjoy better relations with governments around the world. According to messages obtained by Reuters, in April last year, Binance’s head of Eastern Europe and Russia Gleb Kostarev met with the […]

Top Crypto Exchange Coinbase Hit With Class-Action Lawsuit

Top Crypto Exchange Coinbase Hit With Class-Action Lawsuit

April 16, 2022 0

Top US-based crypto exchange platform Coinbase is being targeted in a class-action lawsuit that alleges its arbitration policies are unenforceable. In a recent court filing, a plaintiff alleges that Coinbase’s arbitration agreement within its terms of service is legally unconscionable because it heavily favors one side. “Under California law, a contract provision is unenforceable if […]