Three Crypto firsts for the English courts: the imposition of a constructive trust between a crypto exchange and a victim of crypto fraud, an order for delivery up of Bitcoin, and summary judgment served by NFT airdrop

Summary The recent judgment handed down in Jones v Persons Unknown [2022] EWHC 2543 (Comm) shows the English courts’ continued willingness to push the boundaries of English law in relation to the recovery of misappropriated cryptoassets. The innovative application of English law procedures and remedies to the growing problem of crypto theft and fraud is … Read more

Crypto Exchanges Need Proof Of Reserves – Bitcoin Magazine

The Bitcoin Policy Institute (BPI), a non-profit dedicated to furthering governmental Bitcoin adoption, has released a new report discussing proof-of-reserves (PoR) in the bitcoin and cryptocurrency ecosystem following the FTX collapse, per a release sent to Bitcoin Magazine. “Proof of Reserves: a Report on Mitigating Crypto Custody Risk” discusses the fallout from FTX’s bankruptcy. This … Read more

US DOJ Seizes More Than $3.3 Billion Worth of Bitcoin and Obtains Guilty Plea Arising out Of Silk Road Fraud

On November 7, 2022, the US Attorney for the Southern District of New York announced that James Zhong (“Zhong“) plead guilty to one count of wire fraud for stealing over 50,000 Bitcoin (valued at the time of seizure at over USD 3.36 billion) from the now defunct Silk Road dark web marketplace. Zhong has not … Read more

Ziya Sadr Arrest Targets Bitcoin Educators – Bitcoin Magazine

This is an opinion editorial by Robert Hall, a content creator and small business owner. According to news reports, a well-known Iranian Bitcoin advocate Ziya Sadr was arrested in Tehran on September 19. There isn’t much information about his arrest, but with the ongoing unrest in Iran, the government may have seen him as a … Read more

Let The Free Market Regulate Bitcoin – Bitcoin Magazine

This is an opinion editorial by Kelly Slaughter, an associate professor of professional practice at the Neeley School of Business at Texas Christian University. With elections coming up next month, it’s almost impossible to find common ground between liberals and conservatives. But there’s one subject that should unite red and blue voters: keeping bitcoin free … Read more

Let The Free Market Regulate Bitcoin – Bitcoin Magazine

This is an opinion editorial by Kelly Slaughter, an associate professor of professional practice at the Neeley School of Business at Texas Christian University. With elections coming up next month, it’s almost impossible to find common ground between liberals and conservatives. But there’s one subject that should unite red and blue voters: keeping bitcoin free … Read more

Bitcoiners Should Work With The FATF – Bitcoin Magazine

This is an opinion editorial by Kevin Murcko, CEO and founder of Coinmetro. On October 12, 2022, I was honored to speak at Bitcoin Amsterdam’s panel session titled “FATF And The Threat To Bitcoin Privacy.” With my fellow speakers, we dove into the evolving role of the Financial Action Task Force (FATF), and its relationship … Read more

U.S. sues crypto ‘mixer’ to recover $60 million government penalty

Summary Companies Law firms Penalty imposed in 2020 over claims of anti-money laundering violations Founder pleaded guilty in related criminal case in D.C. (Reuters) – The U.S. Justice Department on Wednesday sued the indicted founder of a cryptocurrency “mixer” to recover a $60 million civil penalty that was imposed on him in 2020 by U.S. … Read more

Cryptoverse: Flurry of funds bet on bruised bitcoin’s allure

Oct 18 (Reuters) – A growing number of funds are betting on the long-term appeal of bitcoin and ether, a gritty gambit in the depths of a crypto winter. Unfazed by a collapse in prices over the past 11 months, investment firms have unleashed a flurry of exchange-traded funds, anticipating that elite cryptocurrencies and their … Read more

Regulation Is Coming, Bitcoin Will Benefit – Bitcoin Magazine

This is an opinion editorial by Shane Neagle, the editor-in-chief of “The Tokenist.” The continued discussion about the need for a comprehensive U.S. regulatory framework to identify opportunities and risks within the rapidly growing Bitcoin sector has caught the attention of the wider public. Rostin Behnam, chairman of the Commodity Futures Trading Commission (CFTC), said … Read more