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Market Volatility Digital Currency

Seward & Kissel LLP

Celsius Suspends Withdrawals Amid Cryptocurrency Market Meltdown

Seward & Kissel LLP on

In a blog post on June 12th, 2022, Celsius announced that it was suspending “all withdrawals, Swap, and transfers between accounts … to put Celsius in a better position to honor, over time, its withdrawal obligations” amid...more

Cadwalader, Wickersham & Taft LLP

Acting Comptroller Hsu Brings Crypto-Skepticism to Blockchain Summit

This week, Acting Comptroller of the Currency Michael Hsu gave remarks to the DC Blockchain Summit titled “Crypto: A Call to Reset and Recalibrate.” By speaking at the Blockchain Summit, Mr. Hsu may have gone into the...more

Goodwin

What to Know; High Court Bars Use of Bitcoin as Security

Goodwin on

The High Court recently refused to allow security for costs to be provided in the form of bitcoin in Tulip Trading Limited v Bitcoin Association for BSV and others [2022] EWHC 141 (Ch). This is understood to be the first...more

Fisher Phillips

China’s Ban on Crypto-Related Transactions Should Remind Employers That Volatility is a Feature, Not a Bug

Fisher Phillips on

The People’s Bank of China (PBOC) released a September 24 statement declaring that all cryptocurrency-related transactions will be deemed illegal and that foreign exchanges are banned from providing services to residents in...more

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