Community Backlash Forces Matter Labs to Drop ‘ZK’ Trademark Bid
The developer of the Zksync Ethereum Layer 2 network, Matter Labs, abandoned its bid to trademark the term ‘ZK’ just days after asserting its right to do so. Matter Labs’…
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Hong Kong Police Advisory Group Warns of Surge in Digital Asset-Linked Crime
The Hong Kong Technology Crime Police Advisory Group has warned about the rise of digital asset-linked crime, calling for the establishment of a regulatory system to identify and eliminate risks…
Dapper Labs Secures Favorable Settlement in Class Action Lawsuit Involving NBA Top Shot NFTs
Dapper Labs, a blockchain technology and digital collectibles company, has reached a favorable settlement in the legal case Friel vs. Dapper Labs, establishing that NBA Top Shot Moments are not…
85-Year-Old Ex-Attorney Confesses to $9.5M Crypto Ponzi Fraud
85-year-old former attorney David Kagel has admitted guilt in a conspiracy to operate a cryptocurrency Ponzi scheme, defrauding victims of over $9.5 million. Once a legal authority figure in Beverly…
Coinbase Challenges SEC’s Rulemaking Process, Argues for Clear Regulations on Digital Assets
Coinbase, Inc. has escalated its dispute with the Securities and Exchange Commission (SEC) by filing a reply brief in the Third Circuit Court of Appeals, arguing the necessity of clear…
Former Investment Banker Receives 41-Month Sentence for Crypto Fraud
Rashawn Russell, a former investment banker, has been sentenced to 41 months in jail for wire fraud related to a cryptocurrency and access device fraud. Russell’s sentencing took place at…
SEC to Pay $1.8 Million in Fees Following Dismissal of Case Against Debt Box
The U.S. District Court for the District of Utah has dismissed the Securities and Exchange Commission’s (SEC) case against Digital Licensing, operating under the name Debt Box. The judge has…
Incognito Market Owner Arrested After FBI Tracked Crypto Transactions
A Taiwanese national has been charged with running Incognito Market, a darknet drug bazaar, and arrested after authorities tracked the platform’s transactions. The platform has transacted more than $100 million…
Coinbase Seeks Immediate Appellate Review in SEC Lawsuit, Citing Recent Legislation
As Coinbase seeks an interlocutory appeal in its legal dispute with the U.S. Securities and Exchange Commission (SEC), recent legislative developments have highlighted a growing discord between U.S. Congress and…
Coinbase Loses Supreme Court Arbitration Dispute Over 2021 Dogecoin Sweepstakes
On Thursday, the U.S. Supreme Court delivered a unanimous decision against Coinbase Inc. (COIN), addressing an arbitration dispute that emerged from the cryptocurrency exchange’s 2021 Dogecoin (DOGE) sweepstakes. The 9-0…
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