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Class Action Suit Against Silvergate Bank Over FTX Fraud Allegations Moves Forward After Judge’s Ruling
22.3.2024
FTX users are suing the now-defunct Silvergate by claiming it abetted FTX and its affiliated trading firm Alameda Research to commit a historic fraud.
Here's the latest.
The post Class Action Suit Against Silvergate Bank Over FTX Fraud Allegations Moves Forward After Judge’s Ruling appeared...
US DOJ Files Lawsuit Against Apple Over Unfair Rules Targeting Crypto Apps
22.3.2024
The Justice Department and 16 state and district attorneys general have filed a civil antitrust lawsuit against Apple, accusing the tech giant of monopolizing or attempting to monopolize smartphone markets.
The post US DOJ Files Lawsuit Against Apple Over Unfair Rules Targeting Crypto Apps appeared...
Crypto Bank Meld to Launch Tokenized RWAs to Retail Investors
21.3.2024
Meld will launch borrowing and lending services against tokenized RWA in partnership with German-licensed DeFi platform Swarm Markets.
The post Crypto Bank Meld to Launch Tokenized RWAs to Retail Investors appeared first on Cryptonews
Apple Co-founder Steve Wozniak Victorious in Court Battle Against YouTube Over Bitcoin Scam Videos
20.3.2024
Apple co-founder Steve Wozniak won his lawsuit against social media giant YouTube for the unintended use of his image in videos promoting a Bitcoin scam.
The post Apple Co-founder Steve Wozniak Victorious in Court Battle Against YouTube Over Bitcoin Scam Videos appeared first on Cryptonews
Support Mounts for Coinbase as Industry Leaders Call on SEC to Draft Clear Crypto Regulations
20.3.2024
Several supporters have joined Coinbase Inc. in its legal battle against the U.S. SEC to urge the agency to reconsider its stance on crafting specific regulations for the cryptocurrency industry.
The post Support Mounts for Coinbase as Industry Leaders Call on SEC to Draft Clear Crypto Regulations...
XRP primed for surge against Bitcoin, analysts predict
20.3.2024
Ripple and the US Securities & Exchange Commission are approaching some crucial court dates. While that is posed to mark an uptick in the price of XRP, there are other factors at play as well. For instance, there is speculation that the token may rise against BTC by 15-20%. A tentative timeline...
Paradigm Supports Coinbase’s Case Against the SEC, Files Amicus Curiae Brief
19.3.2024
Paradigm has filed an amicus curiae brief supporting Coinbase in its legal battle against the SEC. The crypto investment firm argues that the SEC's refusal to provide clear regulatory guidance for digital assets is hindering compliance efforts and pushing businesses overseas. Coinbase's case...
Nonprofit Focused On “Corporate Wrongdoing” Empower Oversight Launches Lawsuit Against SEC Amidst Reports of Conflicts of Interests
19.3.2024
Empower Oversight filed a lawsuit against the United States Securities and Exchange Commission (SEC) on Friday, claiming the federal agency failed to comply with their Freedom of Information Act (FOIA) request regarding cryptocurrency conflict of interests at the agency.
The post Nonprofit Focused...
SEC found to be engaging in bad faith against The DEBT Box
19.3.2024
The US District Court Judge Robert Shelby concluded a hearing by stating that the US Securities and Exchange Commission, also known as the SEC, had acted in bad faith against The Debt Box. The Utah Judge added that there was abuse of judicial process by the agency. This pertains to a case against...
Coinbase's Allies Join Crypto Firm's Case Against SEC
19.3.2024
Several allies joined Coinbase Inc. (COIN) in its court fight against the U.S. Securities and Exchange Commission (SEC) to force the agency to rethink its refusal to write specific rules to govern the crypto industry, with Paradigm, the Crypto Council for Innovation and others filing outside...
FTX Creditors Submit Impact Statements Before Bankman-Fried’s Sentencing, Highlighting Devastating Consequences
19.3.2024
The Department of Justice (DOJ) has filed dozens of victim impact statements in the criminal case against Sam Bankman-Fried ahead of his sentencing.
The post FTX Creditors Submit Impact Statements Before Bankman-Fried’s Sentencing, Highlighting Devastating Consequences appeared first...
Crypto Council Files New Amicus Brief Supporting Coinbase’s Legal Battle With SEC
19.3.2024
The Crypto Council for Innovation (CCI) has filed an amicus brief on March 18 in support of Coinbase challenging the Securities and Exchange Commission (SEC) denial of its rulemaking petition.
The post Crypto Council Files New Amicus Brief Supporting Coinbase’s Legal Battle With SEC appeared...
Judge Condemns SEC’s Handling of DEBT Box Case, Ordered to Reimburse Legal Costs
19.3.2024
The US Securities and Exchange Commission was sanctioned for its controversial restraining order against crypto firm DEBT Box, a March 18 court filing showed.
The post Judge Condemns SEC’s Handling of DEBT Box Case, Ordered to Reimburse Legal Costs appeared first on Cryptonews
SEC Committed 'Gross Abuse of Power' in Suit Against Crypto Company, Federal Judge Rules
19.3.2024
A federal judge ruled that the U.S. Securities and Exchange Commission must pay legal costs for Debt Box, a Utah-based crypto company the SEC brought a suit against, finding that the regulator had committed a "gross abuse of power" in its efforts to secure a temporary restraining order
Hong Kong Securities Regulator Issues Warning Against ‘Unlicensed’ Crypto Platform Bybit
16.3.2024
The Hong Kong securities regulator has labelled the crypto platform Bybit an unlicensed virtual asset trading platform (VATP). The regulator has also added Bybit’s products to its alert list of suspicious investment products. The Hong Kong regulator also advised the public to stop patronizing...
Dogwifhat Drama: Ethereum NFT Auction Sparks Controversy with Solana Community
16.3.2024
A dispute has emerged within the colorful world of meme coins, pitting the Solana community against the owners of the real-life Shiba Inu that inspired the explosive Dogwifhat (WIF) meme coin.
The post Dogwifhat Drama: Ethereum NFT Auction Sparks Controversy with Solana Community appeared...
Big Bitcoin Price Swings Wipeout Traders as ETF Buyers Battle Profit-taking Sellers – Where is BTC Headed Next?
15.3.2024
The Bitcoin (BTC) price saw big swings on Friday, with droves of traders on both the bullish and bearish side getting their positions wiped out as US spot Bitcoin ETF buyers continue to battle against profit-taking sellers.
The post Big Bitcoin Price Swings Wipeout Traders as ETF Buyers Battle...
Democratic Senators Urge SEC Chair Gensler Against Crypto ETF Approvals, Cite “Significant” Risks
15.3.2024
Democratic Senators Laphonza Butler (D-CA) and Jack Reed (D-RI) are pushing United States Securities and Exchange Commission (SEC) Chair Gary Gensler to “strictly limit” the approval of crypto-based ETFs. The senators claim that further approval of crypto ETFs in the U.S. could pose "significant"...
SEC Charges 17 Individuals in $300 Million Ponzi Scheme Disguised as Crypto Trading Platform CryptoFX
15.3.2024
The SEC has taken legal action against 17 individuals involved in an alleged $300 million Ponzi scheme operating under the name CryptoFX, a cryptocurrency trading platform.
The post SEC Charges 17 Individuals in $300 Million Ponzi Scheme Disguised as Crypto Trading Platform CryptoFX appeared first...
EU Sets Global Precedent with Comprehensive AI Regulation Act
14.3.2024
The European Union has again set a global precedent by unanimously passing a landmark bit of comprehensive legislation to govern AI: The AI Act. According to the official press release, ministers in the European Parliament passed the AI Act on Wednesday with 523 votes for, 46 against, and...