Category: Law of the Chain
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North Korean IT workers earned $3 billion in crypto operations by 2023
North Korean IT workers generated $3 billion via crypto operations, targeting Bitcoin and Ethereum, as reported by Chainalysis and the UN in 2023.
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Federal Reserve halts crypto oversight program affecting JPMorgan and $3 trillion in assets
The Federal Reserve terminated its crypto oversight initiative, impacting banks like JPMorgan and Coinbase. The decision affects $3 trillion in digital assets.
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SEC Court Filing Shows Ripple’s Regulatory Path Clearing—XRP Could Rip Once Approval Lands
SEC filing indicates Ripple’s regulatory progress as XRP rises 15% since January. Approval expected to boost Ripple and XRP markets.
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DOJ seizes $2.8M Bitcoin from REvil ransomware operator in 2023 crackdown
US authorities seized $2.8M in Bitcoin from a ransomware operator linked to REvil; DOJ reports 50% drop in attacks post-operation.
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US 10% reserve rules restrict Bitcoin and Ethereum transactions in 2024
US banks face 10% reserve requirements, limiting crypto transactions. Bitcoin and Ethereum adoption slows as regulators like the SEC maintain strict capital rules.
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Kraken suspends Monero deposits following 51% attack, XMR drops 5%
Kraken halted Monero deposits following a 51% attack; XMR dropped 5%, Bitcoin and Ethereum unaffected; blockchain security concerns rise among exchanges.
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Grayscale files S-1 for Dogecoin Spot ETF, SEC decision expected Q4 2024
Grayscale filed an S-1 form for a Dogecoin Spot ETF, joining Bitcoin and Ethereum ETFs. DOGE rose 5% post-announcement. SEC approval remains pending, with decision expected Q4 2024.
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DCG countersues Genesis for $1.1B following $3.1B subsidiary claim
DCG countersues Genesis for $1.1B following Genesis subsidiary’s $3.1B claim, involving Bitcoin and Ethereum amid ongoing crypto legal disputes.
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Localized blockchain security targets Asia’s $3.8B crypto crime with Binance and Tether reforms
Asia faces rising crypto crime with $3.8B lost in 2023. Localized blockchain security solutions target Binance, Tether, and Singaporean regulations to combat fraud.
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Ripple v. SEC ruling cites Hinman documents, XRP volume up 30%
Ripple and SEC case reveals two key legal arguments; XRP trading volume surged 30% post-ruling; Judge Torres cited Hinman documents.
