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Russia’s Cybercrime Damage Exceeds $1.25 Billion in 2024, Minister Says

Russian Interior Minister Vladimir Kolokoltsev has revealed that cybercrime damage in Russia has surpassed $1.25 billion so far this year, with both individuals and organizations, including government bodies, as frequent…

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UK Court Recognizes USDT as ‘Distinct Form of Property’

A High Court of England and Wales has ruled that stablecoin tether (USDT) is recognized as property under English law. The court clarified that cryptocurrencies, despite not being physical assets,…

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Digital assets should be valued as ‘proper property’ — Sandbox co-founder

Around 5 billion people are online and digitally-bound assets should get the same treatment as any other type of property, says Sandbox co-founder Sebastien Borget.

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Government Agencies Need Crypto Wallets and Access to Exchanges, Russian Prosecutors Say

Russian authorities are finding it hard to cash out digital assets they have gotten hold of, prosecutors have warned. They have also urged the government to recognize cryptocurrency as property,…

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Court in China Recognizes NFTs as Virtual Property Protected by Law

A court in the Chinese city of Hangzhou has determined that non-fungible tokens, or NFTs, represent virtual property protected by the laws in the People’s Republic. The ruling comes from…

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Bahamas Property Worth $121 Million Acquired by FTX, SBF’s Parents, Report Unveils

Bankrupt crypto exchange FTX and its founder’s parents have purchased properties for almost $121 million in the Bahamas, according to a media report. Some of these were supposed to be…

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Russian Businesses to Choose Which Crypto to Use for Cross-Border Settlements, Lawmaker Says

Russian companies may start transacting in cryptocurrency with partners abroad as early as next year and will be free to pick the coin they want to use, officials in Moscow…

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Bankrupt Crypto Lender Celsius Seeks to Reopen Withdrawals for Specific Customers

Celsius Network Ltd., the crypto lender that filed for Chapter 11 bankruptcy protection on July 13, is looking to release roughly $50 million worth of crypto assets to Celsius custody…

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Crypto-Related Lawsuits Rising in Russia, Criminal Cases Increase by 40%

Courts in Russia are hearing a growing number of cases around crypto assets, a new study has shown. About two-thirds of them have been launched under provisions of the country’s…

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