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Elon Musk faces class-action suit over mass Twitter layoffs

Elon Musk previously won a similar class-action lawsuit brought by Tesla employees, calling the case “trivial.”

You have our swords: 12 independent entities pledge legal support for Ripple

The evidence is mounting as “friends of the court” line up in support of Ripple Labs.

Coinbase transaction revenues plummet 44% as users activity declines in Q3

While poor market conditions have resulted in revenues falling for the crypto exchange in Q3, its effort to reduce expenses has led to some streamlining.

South Korean prosecutors accuse Do Kwon of manipulating Terra's price

Prosecutors have reportedly secured a "messenger conversation" in which Kwon ordered an employee to manipulate Terra's market price.

Canada to examine crypto, stablecoins, and CBDCs in new budget

Canada’s government stated its concerns on the risks digital assets and the digitalization of money may pose to its financial system as a reason for launching the consultation.

Santander UK limits crypto transactions for its customers

Users will be restricted to a £1,000 limit per transaction, and a total limit of £3,000 a month.

Japan's Digital Agency launches DAO to explore DAOs and Web3

The group added it would consider the benefits and challenges of granting the DAO legal status in Japan, citing the state of Wyoming approving similar legislation in July 2021.

The state of crypto in Southern Europe: Malta leads the way

The island nations of Malta and Cyprus are still ahead of their bigger neighbors when it comes to crypto regulation.

MiCA bill contains a clear warning for crypto influencers

The European Union’s crypto regulation bill, set to be made law following some additional steps, contains a section that could impact many crypto influencers.

ASIC's Longo pledges action against certain ‘high-risk’ crypto products

The chair of Australia’s market regulator has warned that “action will be taken” on financial product issuers who promote risky products to a wide consumer base.

Saying ‘not financial advice’ won’t keep you out of jail: Crypto lawyers

Australian and U.S. digital asset lawyers told Cointelegraph that by and large, the words on their own as "pretty useless."

Switzerland's financial regulator extends reporting requirements for crypto transactions

FINMA said it stood by an AML ordinance requiring identity checks for transactions of virtual currencies to cash or “other anonymous means of payment” exceeding 1,000 Swiss francs.

Bankman-Fried misguides regulators by directing them away from centralized finance

FTX CEO Sam Bankman-Fried proposed a blueprint for regulators to look into decentralized finance — with nary a word about centralized exchanges like his own.

New ‘crypto token regime’ instituted at the Dubai International Financial Centre

The emirate’s free trade zone has its own legal system and courts. Now its crypto regulations have been augmented and extended to all tokens recognized in the zone.

Why is Bitcoin price up today?

Bitcoin, altcoins and stocks rallied after the Federal Reserve rolled out another 0.75% interest rate hike, but is the current bullish momentum sustainable?

SEC chair highlights crypto enforcement cases to legal experts

Gary Gensler used examples of SEC enforcement against BlockFi and a former Coinbase employee in justifying the agency’s approach to violations of U.S. securities laws.

Huobi Global reportedly plans relocation to the Caribbean

The company may relocate up to 200 employees from Seychelles to one of the Caribbean jurisdictions.

Stablecoin issuers Circle and Paxos gain approvals in Singapore

The approvals came after the Monetary Authority of Singapore issued two consultation papers that proposed to ease regulatory hurdles for digital asset service providers.

Singapore bank DBS uses DeFi to trade FX and state securities

Major Asian financial institution DBS Bank has applied DeFi technology for a project backed by the Monetary Authority of Singapore.

Research report outlines why the crypto market might be on the verge of a reversal

The bottom might not be in, but a report from Arcane Research outlines how the crypto market could perform in the short, medium and long-term.

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