On January 30, the People's Court of Pingjiang County, Hunan Province announced a number of criminal court verdicts involving the BKEX exchange, characterizing the platform's contract transactions as gambling. The court verdict shows that the BKEX exchange was founded in Chengdu in 2018 and will launch the perpetual contract trading function in 2021. As of the incident, the platform's cumulative net profit is about 54.798 million USDT (about RMB 300 million), and the contract trading users reach...
According to market sources, OpenAI has told an Indian court that it opposes the news media's involvement in copyright litigation.
On January 27, court documents revealed that more than 20 Indian media groups, including Adani's NDTV and Ambani's Network18, said OpenAI had crawled their content without permission, claiming that OpenAI's actions posed a clear threat to the valuable copyrights of Indian digital media companies.
According to South Korean media NEWSIS, South Korean prosecutors asked the court on Thursday to extend Yoon's detention.
Coinbase is asking the Second Circuit Court of Appeals to rule that cryptocurrency trading on its exchange is not a security, ending the Securities Exchange Commission's 2023 lawsuit.
According to BitcoinNews, Coinbase filed an application with the U.S. Court of Appeals for the Second Circuit to rule that digital token transactions on its platform are not securities transactions subject to federal law. In its application, Coinbase said that transactions on the platform are only asset sales, and the parties to the transaction are anonymous, with no other commitments than the sale of digital assets, so there are no additional obligations between the parties. The company said th...
A Kazakh court has sentenced three cryptocurrency exchange operators to prison terms. According to an official report by the Kazakh government-run Financial Supervisory Agency (AFM), the court sentenced the three to between 2.5 and 3.5 years in prison, and the bailiffs confiscated their assets worth $750,000.
On January 22, Cointelegraph said on its social media platform that the court announced the lifting of sanctions imposed by the US Treasury's Office of Foreign Assets Control (OFAC) on the blending protocol Tornado Cash.
On January 21, according to the typical case of punishing gambling and related crimes according to law issued by the Supreme People's Court, the People's Court of Rongchang District of Chongqing heard the case of defendant Wang Zhimou opening a casino. The amount involved in the case reached 590 million yuan, including more than 900 bank card accounts and virtual currency funds. The court sentenced Wang Zhimou to four years and five months in prison and a fine for the crime of opening a casino, ...
On January 19, according to South Korean media reports, the Seoul Western District Court in South Korea approved the detention order for the arrested President Yoon Seok-yuk in the early morning of the 19th. Yoon Seok-yuk became the first president in South Korea's constitutional history to be detained as a sitting president.
On the 19th local time, the Western District Court of Seoul, South Korea, approved the detention order for Yin Xiyue. Yin Xiyue was officially arrested. (CCTV News)
On January 17, Beijing time, on January 17, the US Supreme Court made a decision on TikTok "ban without selling" bill: the relevant provisions do not violate the petitioner's First Amendment rights. The Supreme Court upheld the bill, requiring TikTok to divest from its parent company ByteDance Group before 19 days, or face a national ban in the United States. Earlier, it was reported that US President-elect Trump was considering issuing an executive order after taking office to suspend the imple...
On January 17, Beijing time, the US Supreme Court decided on TikTok "ban without selling" bill: the relevant provisions do not violate the petitioner's First Amendment rights. The Supreme Court upheld the bill, requiring TikTok to divest from its parent company ByteDance Group by 19 days or face a national ban in the United States. Earlier, it was reported that US President-elect Trump was considering issuing an executive order after taking office to suspend the implementation of the TikTok ban ...
The Suqian court disclosed an online pyramid scheme case in the name of investing in virtual currency financial management projects. The alleged offender created the "ACORNS" network platform, and in the absence of actual business projects, he issued "ACO" and other virtual currencies, and promoted that the virtual currency could participate in financial management to obtain high returns as bait, requiring members to pay 100 USDT for financial management as a threshold to obtain static income. A...
According to court documents, the SEC has filed an appeal opening statement against Ripple. Yesterday, it was reported that the US SEC appears to be moving forward with a series of enforcement cases it is currently hearing in court. Ripple Chief Legal Officer Stuart Alderoty wrote to X that the SEC will not delay filing briefs as part of its appeal against Ripple's judgment.