NCLA Files Appeal Against the IRS — Law Firm Claims Tax Agency Unlawfully Sei...
On Friday, the public interest law firm New Civil Liberties Alliance (NCLA) filed an opening brief in the cryptocurrency case of James Harper v. Charles P. Rettig. The NCLA argues that Harper’s Fourth and Fifth Amendment constitutional rights were violated by the Internal Revenue Service (IRS). The U.S. tax agency is accused of obtaining Harper’s information from crypto asset exchanges without valid subpoenas or statutory limitations. IRS Accused of Accessing American Citizens’ Private Information Without Following Statutory Limitations on Power to Issue Subpoenas The....
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A hacking group called The Shadow Brokers has claimed to have hacked a group linked to the National Security Agency (NSA) and is asking for 1 million bitcoins ($568 million) to return files after having dumped some of the files, according to Motherboard. The Shadow Brokers claims to have hacked a group called Equation Group, whose level of sophistication has led some researchers to believe it is NSA related. The Shadow Brokers claimed they stole some of the Equation Group’s hacking tools. They publicized the dump on Saturday and tweeted a link to their manifesto against government sponsors....
The New Civil Liberties Alliance has objected to FinCEN’s proposed crypto wallet rule, calling it “unlawful.” In addition, the group says that the U.S. Treasury’s “planned ‘crackdown’ on cryptocurrency holders’ private wallets is an unconstitutional power grab.” FinCEN’s Proposed Crypto Wallet Rule Is Unlawful, Says NCLA The New Civil Liberties Alliance (NCLA), a nonpartisan, nonprofit civil rights group, filed its comments on Monday objecting to FinCEN’s proposed rule, entitled “Requirements for Certain Transactions....
On Monday, the U.S. Securities and Exchange Commission (SEC) filed charges against the celebrity and socialite Kim Kardashian for unlawfully promoting the crypto asset Ethereummax. The U.S. regulator detailed that Kardashian agreed to settle the charges and pay $1.26 million in penalties, and plans to cooperate with the SEC’s ongoing investigation. Kardashian Charged by SEC, Celebrity Agrees to Pay $1.26M in Penalties and Will Not Tout Any Crypto Assets for 3 Years In mid-June 2021, Bitcoin.com News reported on the reality television series star Kim Kardashian and how she was....
Peter Ward argues that the 100 Bitcoins seized from him in the US government’s raid on the Silk Road last year were taken unlawfully, and he has announced a plan to lawyer up and try to get them back. Ward, the owner of a head shop in Devon, England, sold bongs and rolling papers on the Silk Road, the same things he currently sells in his Planet Pluto shop. He told Forbes that he can prove all of his transactions were legal and thus were not subject to forfeiture. Ward was also arrested in his home by the UK’s National Crime Agency, whose agents confiscated a personal stash of marijuana....
Bitcoin transactions have been appealing mostly due to their anonymous nature, but recent reports revealed that spyware firm Hacking Team has been tracking activity on bitcoin wallet sites. Security news provider CSO reported that hackers have been able to access a large cache of files including internal emails, payment invoices and product descriptions. Hacking Team is a notorious spyware group based in Italy that has been known for providing technology that enables hacking, mass surveillance and data collection. It has also been associated with repressive governments. Bitcoin Wallets....