EOS Network Foundation reveals plans to pursue a $4.1B lawsuit against Block.one
ENF Founder Yves La Rose says that they are planning “to seek $4.1B in damages” against the EOS creators.
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No precedent: IRS court settlement doesn’t clarify crypto staking taxes
There is yet to be a conclusive court ruling regarding the taxation of staked crypto rewards; however, a recent case demonstrates industry progression.
Law Decoded: Tangible wins, new menaces and the global crypto taxation drive, Feb. 1–7
Crypto advocates celebrate wins, the Treasury and SEC seek to introduce crypto-unfriendly rules, and governments rush to levy digital asset taxes.
‘Wave of litigation’ to hit NFT space as copyright issues abound
As the NFT industry grows with increasing market penetration, research and consumer education are key to the domain’s evolution.
Utility Seeks $800,000 From Russians Mining Crypto With Cheap Power
The main utility company in Irkutsk is looking to collect almost $800,000 from owners of crypto farms that have allegedly caused a spike in electricity consumption in the Russian region.…
Crypto Miner Convicted in Russia for Allegedly Stealing Power to Mint Digital Coins
A regional court has sentenced a man accused of illegally connecting his crypto farm to the grid to two years in prison. The decision comes as authorities in Moscow prepare…
Pakistan’s central bank reportedly wants to ban crypto
Pakistan’s finance and law ministries are yet to make a decision on a potential blanket ban on crypto in the country.
Blockchain startup sues Brian Armstrong for allegedly stealing its work
Coinbase CEO Brian Armstrong reportedly offered investment in Knowledgr while secretly working on his own competitor project, ResearchHub.
Court Decision Voids Crypto Mining Contracts in China, Shuts Down Bitcoin Farms
A court in Beijing has ruled that three investment agreements for bitcoin mining operations in Sichuan are “invalid.” A compensation claim has been rejected in the case, viewed as an…
Beijing court rejects monetary compensation in Bitcoin mining contract plea
The plaintiff in the case demanded 217.7 BTC in compensation for his Bitcoin mining infrastructure investment.