WazirX News: Singapore Court Declines Payout Plan, Creditors to Remain in Limbo
Singapore High Court rejected WazirX’s creditor repayment plan, delaying payouts and leaving creditors in limbo. The exchange faces potential liquidation if restructuring fails.
California moves forward bill on unclaimed crypto, merchant payments
California’s Assembly passed a bill regulating crypto payments and allowing the state to claim unaccessed crypto after three years. The bill now moves to the Senate for further review.
SEC wins $1.1M as alleged crypto conman a no-show in court
The SEC won a $1.1M default judgment against Keith Crews for allegedly running a crypto scam through fake companies and misleading investors about a token backed by nonexistent stem cell technology.
California moves to accept crypto for state payments – Bill passes unanimously!
California’s AB 1180 bill passed unanimously to allow state agencies to accept cryptocurrency payments, marking a significant step in crypto adoption amid regulatory developments.
US Seizes Crypto and 145 Domains Linked to Dark Web Marketplace – Decrypt
US authorities seized 145 domains and crypto tied to BidenCash, a dark web marketplace selling stolen credit cards and personal data, which generated $17 million in revenue.
Alleged French crypto kidnapping mastermind arrested in Morocco
French-Moroccan man arrested in Morocco for allegedly masterminding crypto kidnappings in France. Victims included family members of crypto executives, with ransoms demanded in cryptocurrency.
Crypto.com sues Nevada gaming body over block on sports event contracts
Crypto.com’s derivatives arm sued Nevada’s gaming regulator for blocking sports event contracts, claiming federal law preempts state jurisdiction and seeks injunctive relief.
SEC Chair Prioritizes Crypto—Trading, Custody, Issuance Rules Incoming – Regulation Bitcoin News
SEC Chair Paul S. Atkins is prioritizing crypto regulation, focusing on trading, custody, and issuance rules to legitimize markets and prevent fraud while fostering innovation.
Bitcoin Reserve Gets Military Nod, Senator Predicts Explosive 10-Year Surge
Senator Cynthia Lummis reveals US military support for a Strategic Bitcoin Reserve, citing economic competition with China. A bill proposes acquiring 1M BTC, while Trump’s order initiates a digital asset stockpile.
Reddit Files Lawsuit Against Anthropic Over Alleged Unauthorized Data Scraping – Decrypt
Reddit sues Anthropic for allegedly scraping its data without permission to train the Claude AI model, seeking damages and a ban on using Reddit-derived content in Anthropic’s products.
