Category: Law of the Chain
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Law Firm Sues Michael Saylor’s Strategy Over Misleading Bitcoin Claims
Pomerantz LLP filed a class action lawsuit against Michael Saylor’s Strategy, alleging misleading claims about Bitcoin investments and undisclosed risks, causing significant stock drops and unrealized losses.
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IMF Rejects Pakistan’s Bid to Subsidise Power for Crypto Mining – Decrypt
IMF rejected Pakistan’s proposal for subsidized electricity for crypto mining, citing risks to the already strained power sector and potential market distortions.
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JD.com, Ant Group push yuan stablecoins to challenge US dollar dominance
JD.com and Ant Group are pushing for yuan-backed stablecoins to challenge US dollar dominance, urging PBOC approval for offshore yuan stablecoins in Hong Kong to boost global yuan usage.
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$180 Million Hacked From Brazilian Banking System: Attackers Cashed out Using Crypto – Security Bitcoin News
Hackers stole $180 million from Brazil’s banking system, cashing out via cryptocurrencies like Bitcoin and USDT through exchanges and instant payment systems like Pix, marking potentially the largest such breach.
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US Banking License: Ripple’s Power Move & XRP Price Catalyst? – Coinspeaker
Ripple applies for a US national banking license and Federal Reserve Master Account, aiming to enhance regulatory trust and integrate with the banking system, while XRP shows bullish price momentum.
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One Big Beautiful Bill Narrowly Passes Senate – News Bitcoin News
The controversial ‘One Big Beautiful Bill’ narrowly passed the Senate and now moves to the House for further debate, facing strong opposition and support.
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DOJ recovers $40K crypto from Trump-Vance inaugural scam, credits Tether
US DOJ recovered $40K in crypto from a scam impersonating the Trump-Vance Inaugural Committee. The FBI traced stolen USDT, and Tether assisted in freezing funds. Scammers used a deceptive email to trick a donor.
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Breaking: IMF Blocks Pakistan’s Plan to Subsidize Electricity for Bitcoin Mining
IMF rejected Pakistan’s plan to subsidize electricity for Bitcoin mining, citing opposition to targeted subsidies. Pakistan aimed to use surplus power for crypto mining and AI data centers to boost tech growth.
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Scammer Steals $250K in Crypto in Email Compromise Scheme
A Nigerian scammer stole $250K in USDT by impersonating the Trump-Vance Inaugural Committee via email, using a deceptive address. The FBI traced the funds and seeks recovery.
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Why Is Ripple Applying for a Banking License? | CoinGape
Ripple applies for a US banking license to bridge crypto and traditional finance, aiming for a Fed Master account, regulatory oversight, and dominance in the stablecoin market.
