ChainCatcher news, according to GlobeNewswire, the NYSE-listed company Genius Group announced that the U.S. District Court for the Southern District of New York (SDNY) has prohibited the company from selling stock to raise funds and has also prohibited the use of investor funds to purchase Bitcoin, thus forcing it to sell the Bitcoin in its treasury.It is reported that on October 30, 2024, Genius initiated arbitration to terminate the asset purchase agreement with Fatbrain AI (LZGI). LZGI shareholders filed a lawsuit against LZGI and its executives Michael Moe and Peter Ritz. However, on February 14 of this year, Michael Moe and Peter Ritz applied to the court for a Temporary Restraining Order (TRO) and a Preliminary Injunction (PI) to prevent Genius from selling any shares or raising any funds to purchase Bitcoin. The TRO was granted that day, and the PI was granted on March 13.

ChainCatcher news, according to ZeroHedge, U.S. Senator Ted Cruz has proposed a bill to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC).The Texas Republican senator's bill can be seen as a companion bill to the anti-CBDC legislation introduced by Minnesota Republican Representative Tom Emmer. Emmer's bill was reintroduced on March 6. A companion bill is legislation that is textually similar or identical to another bill and is introduced in another chamber of Congress.

ChainCatcher news, Hibit announced the completion of a new round of financing of $5 million. The investors in this round include Bochsler Finance, Nvidia, Distributed Shenbo, Waterdrop Capital, Web3 Venture, Betterverse DAO, Hitters, and several well-known traditional entrepreneurs. The funds raised will be used to further improve the Hibit ecosystem, including Layer2 infrastructure, Hibit DEX, cross-chain interoperability technology, and in-depth layout of the AI Agent economy.As an independent Layer2 that seamlessly connects all chains, Hibit currently covers multiple public chains and their ecological projects, including TON, Kaspa, Solana, ETH, BTC, BNB, and ICP, providing the safest cross-chain solutions (not cross-chain bridges). In addition, Hibit DEX, as the first core landing product of the Hibit Layer2 ecosystem, integrates the advantages of CEX and DEX, achieving a smooth trading experience at the level of millions of TPS, and supports permissionless token listing and deep integration of the AI agent economy with the Meme community. The Hibit team comes from MIT and has experience in establishing one of the world's top ten centralized exchanges from 2013 to 2017.The success of this round of financing further consolidates Hibit's technological position in decentralized trading, cross-chain interoperability, and the AI economy, and will become a trusted interactive infrastructure and payment infrastructure for AI agents in the future world. Hibit will soon launch an airdrop and node sales plan, and will complete the TGE within the year.

ChainCatcher news, according to DL News, Binance has banned users with Nigerian IP addresses from participating in its airdrop activities. Nigerian cryptocurrency users have reported that they are unable to access Binance's Web3 task platform, which previously allowed users to earn free cryptocurrency by completing simple social tasks, due to the ongoing dispute between the government and Binance.Binance has over 380,000 active users in Nigeria. This is the latest restriction following last year's ban on Nigerian users from accessing the peer-to-peer trading platform and the removal of the digital version of the Nigerian Naira. These restrictions stem from a legal dispute between Binance and the Nigerian government, which accuses Binance of causing the depreciation of the Naira.

ChainCatcher news, according to a report by Cointelegraph citing ABC News, California Democratic representative Sam Liccardo is preparing to introduce the "Modern Conflicts of Interest and Malfeasance Enforcement Act" (MEME Act), which will prohibit public officials from profiting from digital assets.The bill prohibits a wide range of public officials and their associates from issuing, sponsoring, and endorsing any securities, commodities, or digital assets. The applicable subjects include the President, Vice President, members of Congress, senior executive branch officials, and their spouses and dependent children. Liccardo stated that the bill has the support of a dozen Democratic lawmakers who are working to gain bipartisan support.Liccardo pointed out, "The Trump family's issuance of meme coins exploits the public for personal gain economically and raises concerns about insider trading and foreign influence on the executive branch." The bill is expected to be formally introduced on February 27.

ChainCatcher news, according to the latest legislative documents, the Ohio House of Representatives recently introduced Bill No. 116 (HB 116), known as the "Ohio Blockchain Basic Act." This bill was proposed by Representative Demetriou and aims to regulate digital asset mining, taxation, and the management of digital asset investments in the state retirement system.The core contents of the bill include: prohibiting any fees, taxes, or other charges on the use of digital assets for the payment of goods and services; protecting the rights to digital asset mining and custody; and studying the feasibility of state retirement funds investing in digital asset ETFs. The bill has entered the review stage of the regular session of the 136th General Assembly (2025-2026).

ChainCatcher news, according to Bitcoin.com, the new president of the Central Bank of Brazil, Gabriel Galipolo, stated that over 90% of cryptocurrency usage in the country involves stablecoin transactions. The central bank's analysis found that stablecoins are primarily used for cross-border payments and pose risks of tax evasion and money laundering.Galipolo pointed out that the central bank initially believed the popularity of stablecoins was due to their convenience for the public to hold dollars. However, after further investigation, it was found that a significant amount of stablecoin transactions were related to cross-border shopping, and the transaction methods were opaque, potentially being used to evade taxes or for money laundering activities. He also criticized some citizens' pursuit of privacy, suggesting that this is often associated with illegal activities.Galipolo revealed that the Central Bank of Brazil proposed new regulations last December, aiming to link the regulation of stablecoins to foreign currencies, which may prohibit individuals from holding stablecoins. If this regulation is ultimately passed, it will restrict Brazilian users from participating in decentralized finance (DeFi) activities, as most DeFi platforms require users to manage their own funds.

ChainCatcher news, according to The Block, the Arkansas Senate City, County and Local Affairs Committee voted 6 to 1 to reject a bill that would "prohibit the establishment of cryptocurrency mining operations within 30 miles of military facilities."The bill originally included an emergency clause that would allow the state government to revoke the operating licenses of licensed cryptocurrency mining facilities located near military installations. The bill stated that this measure was necessary to ensure the health and safety of Arkansas and its citizens.

ChainCatcher message, TiTi official tweeted on X platform that, in order to comply with relevant laws and regulations, the TiTi platform hereby issues an official statement prohibiting users in mainland China from engaging in any form of TiTi token trading. Any legal liabilities arising from violations of this regulation shall be borne by the users themselves. We strongly advise all users to strictly adhere to local laws and regulations to avoid legal consequences.Web3 is not a lawless land. As a leading global Web3 short video creator economy platform, TiTi is committed to providing comprehensive solutions for financing, branding, and commercialization for content creators worldwide. We will continue to strictly comply with the laws and regulations of various countries to ensure platform compliance and the safety of user assets.

ChainCatcher news, the Arkansas Senate submitted a bill this week that prohibits digital asset mining operations within 30 miles of any military facility in the United States.Senate Bill 60, co-sponsored by Senator Ricky Hill (R-Cabot) and House Speaker Brian Evans (R-Cabot), will amend the 2023 Arkansas Data Center Act to keep mining operations away from military facilities. The legislation appears to target a cryptocurrency mining facility under construction just outside the Cabot city limits, less than five miles from Little Rock Air Force Base.The facility is owned by Steve Landers Jr.'s Interstate Holdings and will become one of several cryptocurrency businesses the company owns in Arkansas.

ChainCatcher news, Thailand's Khao Kheow Open Zoo posted on X that Vitalik Buterin has donated funds to support the zoo's operations, wildlife funding programs, and to develop a dedicated exhibition area for Moo Deng and its family.The donation will be made in two installments, each amounting to 5,000,000 Thai Baht, totaling 10 million Thai Baht. The first donation will be completed on December 26, 2024. The date for the second donation and any additional donation amounts will be announced later, but no later than December 26, 2025.Vitalik expressed hope that this donation will strengthen the friendship with Thailand and contribute to the local community.According to data from gmgn.ai, the current price of MOODENG is $0.00021, with a 24h increase of 68.6%.

ChainCatcher news, according to Bitcoin.com, the Central Bank of Brazil has acknowledged that it will withdraw its proposal to ban self-regulated stablecoins in the country if certain conditions are met.In a public hearing, Renato Kiyotaka Uema, deputy head of the financial system regulatory department, stated that these terms are intended to make stablecoin transactions transparent, allowing only regulated exchanges to trade them. However, he emphasized that if there are technological solutions that can address this lack of transparency, the agency could cancel these proposed changes. "This is a public consultation, so if there are suggestions that can mitigate these risks, the technical department will strive not to interfere with the flexibility of the market."

ChainCatcher news, the Secretary General of the National Assembly of Korea, Kim Min-ki, held a press conference on December 4 local time, expressing strong protest against the unconstitutional and illegal acts that occurred in the National Assembly building and the resulting damages.Kim Min-ki announced that starting from the 4th, access to the National Assembly building will be completely prohibited for personnel from the Ministry of National Defense and police. He stated, "This is an emergency measure to protect the personal safety of National Assembly members and ensure the functionality of the Assembly."Kim Min-ki mentioned that the National Assembly will "thoroughly assess the physical and other damages caused by this declaration of martial law" and will hold those responsible for illegal acts accountable. He also noted that, according to current information, this incident has resulted in injuries to National Assembly staff, and efforts are underway to accurately count the number of injuries and their severity. (Kim Ten)

ChainCatcher news, according to Cryptoslate, the Central Bank of Brazil (BCB) has announced a regulatory proposal that prohibits centralized exchanges from allowing users to withdraw stablecoins to self-custody wallets. According to the public consultation notice, the transfer of stablecoins (referred to as "tokens denominated in foreign currency") between residents will be restricted in cases where Brazilian law already permits payment in foreign currency.This move is part of the cryptocurrency regulatory bill approved in December 2022, which establishes that the BCB is responsible for setting the rules for the country's crypto industry. The public consultation will last until February 28, 2025, during which market participants can share their opinions with the regulatory authority. However, the BCB can override opinions and act as described in the document.

ChainCatcher news, 21Shares' crypto research strategist Matt Mena expects that crypto investors will exhibit "front-running" behavior before Trump's inauguration in January next year, similar to the situation before the U.S. presidential election in November. At that time, investors drove up crypto prices due to excitement over Trump's eventual victory, and this early activity could generate the momentum needed to break through the $100,000 mark.Analysis suggests that investors have high expectations for Trump's second term, as the incoming president has previously expressed public support for cryptocurrencies and hinted at the possibility of creating a national Bitcoin reserve, and is reportedly screening candidates for White House positions related to cryptocurrencies.

ChainCatcher news, the Russian government's Electricity Development Commission approved cryptocurrency mining restrictions on Monday, which will take effect on December 1, with a subsequent enforcement period from November 15 to March 15 each year until 2031.Deputy Energy Minister Evgeny Grabchak confirmed this decision, which targets 13 regions including Irkutsk, Buryatia, and Transbaikal, but excluding Moscow. The approval to extend the enforcement period is aimed at managing peak electricity demand and addressing energy shortages. Other affected regions include Karachay-Cherkessia, Kabardino-Balkaria, Donetsk, and Luhansk People's Republic.

ChainCatcher news, Sberbank CEO Herman Gref stated that the law currently prohibits the use of cryptocurrencies as a means of payment within the Russian Federation, and it is unlikely to be allowed in the near future.Gref clarified at a meeting in Moscow that while new legislation in Russia allows for the use of digital currencies and cryptocurrencies for international payments, their use domestically remains restricted. He also pointed out that if other countries are willing to accept it, the Central Bank Digital Currency (CBDC) of Russia—the digital ruble—can be used for global transactions.As the largest bank and state-owned financial institution in Russia, Sberbank is closely monitoring these developments, although Gref expressed uncertainty about the adoption of the digital ruble abroad.

ChainCatcher news, according to Bitcoin Magazine, the Central Bank of Argentina held a live Bitcoin mining exhibition.

ChainCatcher news, the WeChat official account of the People's Court of Laiwu District, Jinan City announced typical cases of the application of the Civil Code in Shandong courts 167, the legal attributes of digital collectibles and the validity of their trading behavior (Yang vs. a cultural creative company in a sales contract dispute). The key points of the ruling indicate that digital collectibles are a type of online virtual property. Currently, there are no legal prohibitions against the issuance and trading of digital collectibles in our country. As long as the parties involved have the corresponding civil capacity and their intentions are genuine, the trading behavior of digital collectibles between civil subjects should be recognized as legal and valid.Digital collectibles have both collection and investment attributes, which carry a high market risk. Buyers aiming to profit from the price differences in the secondary market for digital collectibles should not be recognized as consumers under the "Consumer Rights Protection Law" and should bear the corresponding risks of market price fluctuations.