Genesis’ first hearing in its bankruptcy case is set for January 23.
CoinDesk
Craig Wright Ordered To Pay Peter McCormack’s Legal Fees, Faces Contempt Of Court Hearing
A judgment made in the U.K. found Wright breached an embargo and must pay McMormack’s legal fees.
A judgment in Peter McCormack’s current case against Craig Wright concluded that Wright must pay the court fees of McCormack on an indemnity basis, amongst other findings.
The conclusion of the trial also sets up an inquiry into Wright for contempt of court, with Justice Chamberlain of the Royal Courts of Justice writing, “I will issue a summons requiring Dr. Wright to attend a directions hearing before a judge nominated by the Judge in Charge of the Media and Communications List, who will give directions for the conduct of contempt proceedings in respect of breach of the embargo.”
How Bankman-Fried Wanted To Attack Binance And Others In Today’s Hearing
Even though Sam Bankman-Fried has finally been arrested, the founder of FTX continues to make headlines.
Crypto Twitter is currently philosophizing that it is strange timing that SBF is arrested by Bahamian authorities the day before his hearing in front of the US Congress.
Bankman-Fried is reportedly in custody awaiting extradition to the United States. As a result, Bankman-Fried will not be able to give his testimony before the U.S. House of Representatives Financial Services Committee.
Instead, new FTX CEO John Ray will replace his predecessor. Remarkably, however, SBF already had a speech prepared to give today. Forbes managed to get a hold of that document.
Celsius Network Sets Auction Date, Sale Hearing For Crypto Assets
Celsius Network had filed for bankruptcy following arguably the largest network collapse in the history of crypto. The lending platform had been caught in the crossfire, and further reports showed that it had a $ 1.2 billion hole in its balance sheet. The company, which has been going through bankruptcy proceedings in the US Bankruptcy Court for the Southern District of New York, has now announced a final bid date for its assets.
Celsius Sets Deadline For Bids
Indian Government Unveils Draft Crypto Bill Ahead of Supreme Court Hearing
The Indian government has officially released the report by the interministerial committee tasked with proposing crypto measures. The announcement came one day before the country’s supreme court was scheduled to hear the writ petitions against the crypto banking restriction. The report contains the draft bill which proposes a ban on cryptocurrency.
Also read: G20 Leaders Issue Declaration on Crypto Assets – A Look at Their Commitments
Draft Bill Now Public, Supreme Court Hearing Delayed
The Indian supreme court was scheduled to hear the crypto case on July 23. It was expected to address the banking restriction by the central bank, the Reserve Bank of India (RBI). However, the case was not heard by the court on Tuesday.
Craig Wright Intends to Call Three Expert Witnesses to His Evidentiary Hearing
The man who claims to have invented Bitcoin, Craig Wright, will be appearing in court on Friday, June 28 in West Palm Beach, Florida for an evidentiary hearing. According to recently filed documents in the Kleiman v. Wright lawsuit, the defense has provided notice that Wright intends to call three witnesses during the hearing. In addition to Wright’s notice, the Kleiman estate has stated the plaintiffs will be calling a witness as well.
Also read: Tony Hawk Foundation Added to Bitpay’s 100 Crypto Supporting Nonprofits
Indian Supreme Court Moves Crypto Hearing, Community Calls for Positive Regulations
India’s supreme court has set a new date to hear the petitions against the cryptocurrency banking ban by the country’s central bank. Meanwhile, the crypto community in India is campaigning on social media for “positive regulations” and the rollback of the banking ban.
Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space
New Supreme Court Hearing Date
The Supreme Court of India has reportedly set a new date to hear the petitions against the crypto banking ban by the Reserve Bank of India (RBI). The central bank issued a circular in April banning all regulated financial institutions from providing services to crypto businesses. Banks complied and closed accounts of crypto exchanges by July.
Roubini Faces Off With Coin Center’s Van Valkenburgh at Senate Hearing
Nouriel Roubini, an economist best known for his predictions of the 2008 housing bubble, and Peter Van Valkenburgh, Coin Center’s director of research, testified before the U.S. Senate Committee on Banking, Housing and Community Affairs in a hearing on cryptocurrency and blockchain on October 11, 2018.
“We need to sort through the static,” said Banking Committee Chair Idaho Republican Mike Crapo, describing a need to better understand both the opportunities and the challenges in cryptoland. The testimony comes at a time when bitcoin has lost two-thirds of its value since the beginning of the year and U.S. regulators are trying to figure out how to regulate thousands of ICOs that have flown in the face of decades old securities laws.
Nouriel Roubini Sounds off on Cryptocurrencies in Senate Hearing
Noted economist Nouriel Roubini sounded off on virtual currency and blockchain in a recent Senate hearing. The NYU professor classified cryptocurrency as a big scam and a bubble.
Prominent economist Nouriel Roubini is one of the few who accurately predicted the 2008 financial crisis.
Currently a professor at the New York University Stern School of Business, Roubini has been a notable and colorful critic of cryptocurrency and blockchain technology. He made a number of passionate arguments against both at a recent hearing on Capital Hill on October 11th.
The hearing was titled “Exploring the Cryptocurrency and Blockchain Ecosystem.”
Dr. Nouriel Roubini vs. Bitcoin: Senate Hearing Breaks Down His Arguments
The United States Senate Committee on Banking, Housing, and Urban Affairs held an informational hearing today titled “Exploring the Cryptocurrency and Blockchain Ecosystem.” The speakers included Dr. Nouriel Roubini, Professor of Economics and International Business, New York University Stern School of Business; and Mr. Peter Van Valkenburgh, Director of Research, Coin Center. Both gave testimonies on
The post Dr. Nouriel Roubini vs. Bitcoin: Senate Hearing Breaks Down His Arguments appeared first on CCN
Bitcoin Lobbyist, ‘Dr. Doom’ to Square Off Next Week in Senate Blockchain Hearing
The U.S. senate Committee on Banking, Housing, and Urban Affairs is set to have a full committee hearing on Oct. 11 entitled “Exploring the Cryptocurrency and blockchain Ecosystem.” At the upcoming hearing, the two witnesses currently scheduled are Coin Center Director of Research Peter Van Valkenburgh, and New York University Professor Nouriel Roubini. Roubini, a noted
The post Bitcoin Lobbyist, ‘Dr. Doom’ to Square Off Next Week in Senate Blockchain Hearing appeared first on CCN
India Crypto Exchanges: Supreme Court Hearing to be Inconsequential
While expectations and fears are mounting on an imminent Supreme Court decision about the regulator’s ban concerning cryptocurrency trade in India, the big day may not exactly be a defining one for the future of bitcoin in the country. Other questions and bypass-routes will snowball (or hairball) no matter which way the ruling swings. Crypto exchanges have smelt a lot in this run-up to the hearing.
Also Read: Indian regulators curious to study experiences of other regions
A Basic Guide to the Digital Age: Breaking Down Congress’ Crypto Hearing
Yesterday, Congress addressed in two full hearings why it’s time to start taking a closer look at why and how digital assets, including cryptocurrencies, are impacting U.S. marketplaces.
The following condensed information is a run-down of what the House Committee on Agriculture and the U.S. Commodity Futures Trading Commission (CFTC) discussed during the hearings regarding cryptocurrency and distributed ledger technology (DLT).
Latest SEC Hearing into Cryptocurrencies Offers Glimmer of Light
The U.S. Securities and Exchange Commission (SEC) has been relatively stringent in its views of both security and utility tokens. The organization is seeking to label all virtual tokens originally distributed through initial coin offerings (ICOs) as securities, which would subject them to very strict regulatory practices and potentially have massive repercussions on their prices.
One of those tokens is ether, which was originally distributed and marketed through presales. Members of the Venture Capital Working Group — an organization comprised of lawyers, investors and cryptocurrency experts working to block the SEC’s decision — argue that ether has become so decentralized, it can no longer be looked at as a security, and should thus be exempt from securities-related laws. Ether is the world’s second-largest cryptocurrency by market cap after bitcoin.
HILARIOUS! ‘Buy Bitcoin’ Sign Seen On Live TV During Federal Reserve Hearing (The Cryptoverse #302)
On today’s episode of The Cryptoverse some superstar member of the Bitcoin community photo opped the federal reserve on live TV and for that I’ll be sending them a 0 Bitcoin tip live on the air.
**Jump to segment**
List of US exchanges 1:35
The fed video 2:25
Today’s lesson 9:37
How to support me 10:56
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