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BlockFi argues FTX, Three Arrows Capital isn't entitled to repayments

BlockFi argues its creditors, not FTX’s, are the “ultimate victims” of FTX’s alleged fraud.

OpenSea manager accused of insider trading sentenced to 3 months in prison, $50K fine

Nathaniel Chastain will reportedly have until Nov. 2 to surrender himself following his conviction for wire fraud and money laundering related to insider trading on OpenSea.

First Republican presidential debate to feature pro-crypto candidates

Florida Governor Ron DeSantis and Vivek Ramaswamy will be in attendance at the political debate on Aug. 23, but not Miami Mayor Francis Suarez, despite earlier claims.

FTX's Sam Bankman-Fried pleads not guilty to fraud charges: Report

Sam Bankman-Fried, the former CEO and founder of now-defunct crypto exchange FTX, has reportedly pleaded not guilty to fraud and money laundering charges in a court hearing on Aug. 22.

Crypto amplified financial risks in emerging markets: BIS papers

The central banks of the United States, Canada, Mexico and Brazil have pointed out the risks of crypto but warned against excessively prohibitive laws.

Crypto Banter’s Ran Neuner says Ripple is ‘despicable,’ tips hat to ZachXBT: Hall of Flame

Crypto Banter host Ran Neuner takes aim at Ripple and FatMan Terra, tips his hat to ZachXBT and explains his young kids can read charts.

Crypto P2P scams in India show digital asset education is needed

Scammers have made it impossible for Indian crypto traders to conduct P2P trades owing to several police complaints and bank account freezes that follow.

Germany proposes to screen Chinese investment in AI and related sectors: Report

The German government proposed tighter export controls on China for semiconductors and AI technology similar to measures from U.S. regulators.

SEC-Ripple lawsuit cost XRP 3 years of adoption: Lawyer

Crypto lawyer John Deaton cited several instances where major crypto players like Coinbase reached out to the SEC for regulatory clarification before listing XRP, but didn’t face any objection.

South Korean city to seize crypto from thousands of tax evaders: Report

City authorities of Cheongju are looking to seize cryptocurrency from anyone who owes at least $750 in crypto taxes to the government.

Thailand threatens Facebook over crypto scams and other fraudulent ads

Thailand’s digital minister said he would seek a court order to shut Facebook in the country unless it takes action on the alleged scams.

Sam Bankman-Fried will get one day in court to meet with lawyers

According to a judge's order, SBF will be allowed access to one laptop and "WiFi device” for roughly 6.5 hours while meeting with counsel in a courthouse cell block attorney room.

Coin Center responds to US lawmakers’ request for crypto tax guidance

The crypto advocacy group’s suggestions included a de minimis exemption for crypto transactions and having the IRS provide guidance on block rewards, airdrops and hard forks.

Crypto futures and ETFs are knocking at the door: Law Decoded, Aug. 13–20.

SEC is likely to approve multiple applications for Ether futures exchange-traded funds simultaneously.

SEC charges crypto investment manager with misleading advertising, custody claims

The case against Titan Global Capital Management is the first brought under the U.S. regulator’s 2020 revised marketing rule. It also touches on compliance issues.

PayPal’s new PYUSD stablecoin faces legal headwinds and ‘less functionality’

Industry experts explain the benefits and disadvantages of PayPal’s PYUSD stablecoin.

Kenya forms parliamentary committee to investigate Worldcoin

The controversial crypto project’s launch has been marred into controversy and it's already facing investigations in nearly half a dozen countries.

Somalia bans Telegram and TikTok over misinformation

Somalia has shut down crypto-friendly messaging app Telegram and gambling site 1XBet, while cryptocurrency investments aren’t banned.

Google responds to accusations of ads tracking data of children

After an in-depth report surfaced over YouTube advertisers potentially harvesting data from children, Google responded by saying it has “strict policies” over children’s content.

China proposes to bring its social credit system to the metaverse: Report

Proposals to a United Nations group reportedly show China wants digital IDs and real-world punishments for actions that occur in the Metaverse.

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