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Hong Kong's Markets Regulator Issues Warning Against Crypto Exchange Bybit
14.3.2024
Hong Kong's markets regulator identified Bybit as a suspicious cryptocurrency exchange and placed several of its products on its suspicious investment products list
Judge Edgardo Ramos rejects SEC petition against Gemini Earn program
14.3.2024
Judge Edgardo Ramos denied dismissing a case that the US Securities & Exchange Commission had brought against the US District Court for the Southern District of New York. The agency had plausibly alleged that Gemini Trust Company and Genesis Global Capital were engaged in offering unregistered...
Australian Court Rules in Favor of Crypto Firm Finder’s Earn Product
14.3.2024
ASIC filed a case against Finder Wallet in Dec. 2022 alleging that the Finder’s Earn product offered a debenture without a disclosure document.
The post Australian Court Rules in Favor of Crypto Firm Finder’s Earn Product appeared first on Cryptonews
US Department of Justice Takes Action Against $2.3 Million ‘Pig Butchering’ Scam
14.3.2024
The U.S. Department of Justice files a civil forfeiture action to recover $2.3 million in cryptocurrency linked to a widespread romance “pig butchering” scam operation.
The post US Department of Justice Takes Action Against $2.3 Million ‘Pig Butchering’ Scam appeared first on Cryptonews
Federal Judge Allows SEC Lawsuit Against Gemini and Genesis to Proceed
14.3.2024
A federal judge has ruled that the US Securities and Exchange Commission's lawsuit against crypto firms Gemini and Genesis will proceed in court.
The post Federal Judge Allows SEC Lawsuit Against Gemini and Genesis to Proceed appeared first on Cryptonews
Australian Court Dismisses Lawsuit by Market Regulator Against Finder in 'Landmark' Ruling for Crypto Industry
14.3.2024
An Australian Federal Court handed the Australian cryptocurrency industry a major victory in a landmark judgement on Thursday
New York Judge Determines SEC’s Case Against Gemini and Genesis Is Plausible for Alleged Securities Law Violations
14.3.2024
A New York federal judge has ruled that the Securities and Exchange Commission (SEC) has “plausibly alleged” that Gemini and Genesis violated securities laws through the Gemini Earn program. Judge Edgardo Ramos Highlights Hurdles in Dismissing Injunction Claims Early; Cites Howey...
Judge Rules Against Gemini, Genesis Motion to Dismiss SEC Case Against Earn Product
13.3.2024
A New York judge has ruled that the U.S. Securities and Exchange Commission (SEC) case against crypto lender Genesis and crypto exchange Gemini will be allowed to move forward, denying the two defendants’ motions to dismiss in a Wednesday court filing
COPA Aims to Dismiss Craig Wright’s Satoshi Claim in Landmark Trial
13.3.2024
The Crypto Open Patent Alliance (COPA) feels like it’s on the verge of winning its landmark case against Australian computer scientist Craig Wright, a man who claims to be the inventor of Bitcoin. The UK trial moved onto the final round yesterday. Now the parties are delivering their closing...
How an Appeals Court Ruled on an Aspiring Class-Action Lawsuit Against Binance
13.3.2024
A federal appeals court ruled last week that Binance needs to face a putative class-action lawsuit from a group of U.S.-based crypto investors who allege the exchange allowed them to buy and trade unregistered securities in the form of certain cryptocurrencies. The ruling doesn't make...
Coinbase Files Legal Challenge Against SEC for Crypto Regulation Clarity
12.3.2024
In a significant legal confrontation, Coinbase has filed a challenge against the U.S. Securities and Exchange Commission (SEC) in the Third Circuit, contesting the SEC’s refusal to establish clear rulemaking for digital assets. San Francisco Crypto Exchange Coinbase Initiates Legal Action Against...
Sweden’s Central Bank Chief Cautions Against Bitcoin Integration Due to Speculative Nature
12.3.2024
Sweden's Central Bank Governor, Erik Thedeen, advocates for minimal Bitcoin adoption within the nation's financial system. He emphasizes concerns about Bitcoin's speculative valuation and potential investor losses.
The post Sweden’s Central Bank Chief Cautions Against Bitcoin Integration...
Worldcoin’s Request for Injunction Denied as Spain’s AEPD Upholds Temporary Suspension
12.3.2024
Worldcoin has been unsuccessful in obtaining an injunction against a temporary suspension imposed by Spain's data protection authority, the AEPD.
The post Worldcoin’s Request for Injunction Denied as Spain’s AEPD Upholds Temporary Suspension appeared first on Cryptonews
Binance Executives Stripped of Passports, Held in Confinement by Nigerian Authorities for Two Weeks
12.3.2024
Two senior executives from cryptocurrency exchange Binance have been detained against their will by Nigerian authorities for the past two weeks.
The post Binance Executives Stripped of Passports, Held in Confinement by Nigerian Authorities for Two Weeks appeared first on Cryptonews
Coinbase Sues SEC for Crypto Rulemaking Refusal, Calls for Clarity
12.3.2024
Coinbase takes legal action against the SEC, pressing for a court order to compel the regulatory body to start developing specific rules for crypto operations and oversight.
The post Coinbase Sues SEC for Crypto Rulemaking Refusal, Calls for Clarity appeared first on Cryptonews
Elon Musk to Open-Source AI Chatbot Grok Amid Ongoing OpenAI Lawsuit
11.3.2024
Elon Musk, CEO of artificial intelligence (AI) company xAI, has announced the open sourcing of Grok, a ChatGPT competitor. He announced this decision days after Musk filed a lawsuit against OpenAI, a company he co-founded, for allegedly abandoning its original non-profit mission.
The post Elon Musk...
Anti-Crypto Politicians Rally Against SEC’s Potential Approval of Spot Ethereum ETFs: Fox Reporter
11.3.2024
Optimism surrounding the Securities and Exchange Commission's (SEC) approval of Ethereum spot ETFs by May 23 is diminishing.
The post Anti-Crypto Politicians Rally Against SEC’s Potential Approval of Spot Ethereum ETFs: Fox Reporter appeared first on Cryptonews
MakerDAO Approves Emergency Fee Hikes in Response to DAI Stability Concerns
11.3.2024
BA Labs submits an emergency rate adjustment proposal in the MakerDAO forum to raise fees, aiming to stabilize DAI against market turbulence and shrinking reserves.
The post MakerDAO Approves Emergency Fee Hikes in Response to DAI Stability Concerns appeared first on Cryptonews
Worldcoin Introduces Complaint Against Operations Ban in Spain
10.3.2024
Worldcoin, the biometric iris scanning project, has introduced a complaint against the actions of the AEPD, the personal data protection agency in Spain. Tools For Humanity, the company behind Worldcoin, argues that the agency circumvented the General Data Protection Regulation (GDPR) established...
Investors Get Green Light to Pursue Class Action Against Binance
9.3.2024
A group of investors who sought to sue cryptocurrency exchange Binance, its former CEO Changpeng Zhao, and other executives have been given a fresh chance to pursue their case.
The post Investors Get Green Light to Pursue Class Action Against Binance appeared first on Cryptonews