617: Razzlekhan’s Plea Deal and Wright’s Bitcoin Claim

Overnighters,

Episode 617:
Wright’s Bitcoin Claim Advances
Razzlekhan’s Bitfinex Hack Plea Deal
DOJ Boosts Crypto Oversight
SEC’s Token Stance Challenged
Celsius Nears Settlement
ISIS Turns to Crypto

The TL;DL

Wright's Bitcoin Claim Advances - Craig Wright's claim to Bitcoin copyright advances as a UK court allows him to argue that the Bitcoin file format qualifies for copyright protection. The case potentially influences Bitcoin's future use and intellectual property law.

Razzlekhan’s Bitfinex Hack Plea Deal - Ilya Lichtenstein and Heather Morgan, involved in the 2016 Bitfinex hack, reach a plea deal with U.S. prosecutors. However, U.S. officials may have underestimated the amount of seized crypto by $1 million.

DOJ Boosts Crypto Oversight - The U.S. Department of Justice merges the National Cryptocurrency Enforcement Team into the Computer Crime and Intellectual Property Section. This move doubles the number of attorneys working on crypto matters.

SEC’s Token Stance Challenged - Ripple's Chief Legal Officer, Stuart Alderoty, challenges SEC Chair Gary Gensler's assertion that many cryptocurrency tokens could fall under the jurisdiction of the Securities Act. The debate could significantly impact future cryptocurrency regulation.

Celsius Nears Settlement - Bankrupted crypto lender, Celsius Network, reaches two settlements potentially ending its bankruptcy proceedings. The settlements could lead to the return of assets to customers and address $78.2 billion in unsecured claims.

ISIS Turns to Crypto - According to TRM Labs, terrorist groups, particularly those associated with ISIS, are increasingly using cryptocurrencies for fundraising. The decentralized nature of crypto allows these groups to operate under the radar, raising significant amounts of money.

Crypto Overnighter Podcast (7/22/2023): Welcome back to the Crypto Overnighter with your host, Nikodemus. We provide nightly updates on cryptocurrency, NFTs, the metaverse, and the surrounding industry. Remember, this show does not offer financial advice.

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