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Japanese Police Arrest Coinhive Users for Violating Law Banning Computer Viruses

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Japanese police from 10 prefectures have arrested website operators using Coinhive to tap into the computer power of their site visitors to mine cryptocurrencies without consent. They are accused of violating the law banning the use of computer viruses. Some people have already been fined. The police have been monitoring the Coinhive program since it … Read more

US Regulator’s Power Over Crypto Challenged in Court

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The US Commodity Futures Trading Commission (CFTC) is being challenged in court over its oversight of cryptocurrencies. The defendants argue that their tokens are not commodities, with no futures contracts, which the CFTC regulates. The outcome of this case could affect the Commission’s ability to police all future crypto frauds. Also read: Yahoo! Japan Confirms Entrance … Read more

Japan Cracks Down on Illegal Use of Computers to Mine Crypto

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The police in Japan are cracking down on the illegal use of personal computers for cryptocurrency mining. Multiple prefectural police departments are currently investigating one particular case and pursuing criminal charges, which would make it the first criminal case in Japan where computers are illegally used for mining cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance Into … Read more

Russian Court and Customs Prevent Import of Crypto Mining Equipment

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A Russian cryptocurrency miner got into trouble with the customs office when trying to import mining equipment purchased online for personal use. After an appeal, the court sided with the customs office and barred the import of the mining equipment. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Importing Crypto Mining Equipment The Russian … Read more

Six Major Banks in Chile Sued by Another Cryptocurrency Exchange

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A local cryptocurrency exchange in Chile has reportedly filed a lawsuit against six major banks in the country for abusing their power and quashing its crypto payment business. This lawsuit follows another one filed in Chile against ten banks by a different crypto exchange. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Six Banks … Read more

Chilean Bank Reopens Accounts of Cryptocurrency Exchanges

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Following the court order for three major banks in Chile to reopen current accounts of crypto exchanges, Cryptomkt and Buda.com, one bank has complied. Bancoestado has reportedly made arrangements to open an account for Cryptomkt exchange, which expects to resume cryptocurrency transactions in the coming days. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space … Read more

Police Officers in Ukraine Caught Secretly Mining Crypto at Work for Four Months

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Employees of a regional police department in Ukraine were recently caught mining cryptocurrencies using the department’s resources, according to the court document. They had been mining for four months before they got caught and their mining farm seized. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Police Mining Farm Discovered Employees of the National … Read more

Tezos Community Petitions to End the Class Action Lawsuits

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Tezos was conceived as a governance-based blockchain to rival Ethereum, but it’s become more synonymous with protracted legal battles and internecine conflict. As the latest class action lawsuit drags its way through the courts, the Tezos community has petitioned for an end to all the legal turmoil so that everyone can move on. Also read: US … Read more

Cryptocurrency is Property in Russia, Justice Minister Confirms

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The Russian Ministry of Justice has taken side in what looks like a lively debate about the status of cryptocurrencies that are still unregulated in the country. A bankruptcy case involving a modest amount of bitcoin has sparked discussions in Russian legal circles. Some say a crypto is nothing more than “a set of characters.” … Read more