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Grayscale Files For Privacy ETF With SEC, Zcash Part of Offering
22.2.2024
Crypto-focused asset manager Grayscale filed for a privacy-focused exchange-traded fund (ETF) to the US Securities and Exchange Commission on Tuesday.
The post Grayscale Files For Privacy ETF With SEC, Zcash Part of Offering appeared first on Cryptonews
FTX’s Legal Labyrinth: S&C Scrutinized Over Past Ties and Fraud Claims
18.2.2024
FTX creditors have filed a class-action lawsuit against the law firm overseeing the exchange’s bankruptcy, Sullivan & Cromwell (S&C). The creditors allege that S&C actively participated in FTX Group’s multibillion-dollar fraud and benefited financially from it. According...
Debt Box Urges Utah Federal Judge to Reject SEC’s Motion to Dismiss Enforcement Action
15.2.2024
Debt Box, a software firm entangled in a legal battle with the United States Securities and Exchange Commission (SEC), has launched a countermove against the regulatory body’s attempt to dismiss the case. Filed on February 14, Debt Box’s response characterized the SEC’s motion as a strategic...
Chamber of Digital Commerce Backs Hermés in Landmark “MetaBirkins” Case
13.2.2024
Blockchain and digital asset trade association, the Chamber of Digital Commerce (CDC), filed an amicus curiae brief on February 9 in support of French design house Hermès in the company’s landmark MetaBirkins case. Here’s why it matters: Hermés, designer of the legendary Birkin bag,...
Ethereum Price Prediction as Franklin Templeton Applies for Ethereum ETF – $10,000 in 2024?
13.2.2024
Ethereum surged 7.7% in the last 24 hours to hit $2,673 on news that Franklin Templeton has filed for a spot Ethereum ETF. The price appreciation happens in the midst of a market-wide rally that adds 4.1% to the price of Bitcoin, which topped $50,000 last night. Exchange-Traded Funds (ETFs)...
Binance Founder CZ’s Sentencing Pushed to April, Potential Prison Term Looms
13.2.2024
The sentencing date for Binance founder and former CEO Changpeng “CZ” Zhao has been postponed from February 23rd to April 30th, according to a notice filed in a Seattle Federal Court, CNBC reported. Earlier, Zhao pleaded guilty to money laundering charges in November 2023. While...
ARK Invest and 21Shares Outline Cash Processes in New Ethereum ETF Bid
8.2.2024
Ark Invest and 12Shares have refiled their joint application for a spot market Ethereum ETF to address cash creation and redemption. The amendments bring it in line with spot Bitcoin ETFs recently approved by the US Securities and Exchange Commission, according to Bloomberg ETF analyst Eric...
ICE-Backed Bakkt Alerts of Possible Closure, Cites Cash Crisis
8.2.2024
Bakkt, the cryptocurrency platform backed by the Intercontinental Exchange (ICE), has issued a warning about its financial health. In a recent document filed with the U.S. Securities and Exchange Commission (SEC), Bakkt outlined its financial challenges, stating concerns over its ability to operate...
Bitmain’s Mining Firm BitFuFu Set to Go Public in the U.S. via SPAC
7.2.2024
BitFuFu, a bitcoin mining firm affiliated with Bitmain, a prominent player in the cryptocurrency mining industry, is advancing towards a public listing in the United States through a merger with a special-purpose acquisition company (SPAC). On December 31, BitFuFu filed an F-4 form with the U.S....
Ripple Requests One Week Extension for Documents in SEC Suit
7.2.2024
Ripple has filed a motion requesting an extension of one week to gather and submit documents in its ongoing courtroom battle against the SEC. The documents under examination largely comprise financial statements covering the period from 2022-2023. In addition, the SEC seeks “post-complaint...
Crypto Titan Digital Currency Group Opposes Genesis’ Restructuring Plan for Favoring Select Creditors
7.2.2024
In a legal document filed on Feb. 6, 2024, the crypto juggernaut, Digital Currency Group (DCG), voiced opposition to Genesis’ revised bankruptcy strategy for multiple concerns. DCG argues that the plan favors certain creditors over others unjustly, and the company’s legal team charges...
Judge Orders Ripple to Comply With SEC’s New Discovery Requests Concerning XRP
7.2.2024
A federal judge has ruled in favor of the U.S. Securities and Exchange Commission (SEC) and ordered Ripple to comply with the regulator’s post-complaint discovery requests concerning XRP. Ripple must also answer an interrogatory regarding the amount of XRP institutional sales proceeds...
Paradigm Advocates for Prediction Markets as Hedge Against Crypto Regulatory Risks
6.2.2024
Venture capital firm Paradigm has filed a legal brief in support of the prediction market platform Kalshi, which is currently in a legal battle against the Commodity Futures Trading Commission (CFTC). In a “friend-of-the-court” brief filed recently, Paradigm, despite not being...
Genesis Seeks Green Light from Bankruptcy Court for $1.4 Billion GBTC Share Sale
4.2.2024
Crypto lender Genesis Global Capital, currently undergoing bankruptcy proceedings, has requested permission to sell trust assets worth approximately $1.6 billion. In a motion filed with the U.S. Bankruptcy Court in the Southern District of New York, the firm sought approval to sell assets held...
FTX Seeks Exit from Anthropic Holdings, Proposes Entire 8% Stake Sale
4.2.2024
Bankrupt cryptocurrency exchange FTX is seeking approval to sell its 8% stake in AI startup Anthropic Holdings. The motion, filed by FTX’s current CEO, John Ray III, requests permission to sell the stake and proposes two possible procedures, including an auction or a private sale. FTX aims...
DeFiance Capital Wins in Lawsuit Against Defunct Crypto Fund 3AC in Singapore
2.2.2024
The High Court of Singapore turned down plea from the now-defunct crypto hedge fund Three Arrows Capital (3AC) to dismiss DeFiance Capital’s lawsuit filed against the fund. In a recent hearing, Judge Chua Lee Ming gave greenlight to Defiance Capital in its $140 million dispute with 3AC. Further...
Digital Asset Exchange Bybit Applies For Hong Kong VATP License
1.2.2024
Digital asset exchange Bybit has applied for a Virtual Asset Trading Operator (VATP) license in Hong Kong. The exchange filed the application to Hong Kong’s Securities and Exchange Commission (SFC) through Spark Fintech Limited according to the regulator’s website. The SFC official website shows...
Families of Hamas-Attack Victims Sue Binance Over Alleged Role in Terror Financing
1.2.2024
Families of victims of the Oct 7 Hamas attack on Israel have filed a lawsuit against cryptocurrency exchange Binance over its alleged role in facilitating the transfer of funds utilized by terrorist groups. Court Filings Submitted Against Binance, Iran, and Syria A Jan 31 court filing shows...
SEC to Withdraw Case Against Crypto Startup DEBT Box Following Admission of Inaccuracy
31.1.2024
The Securities and Exchange Commission (SEC) has moved to withdraw its lawsuit against crypto startup DEBT Box after admitting to making inaccurate statements in court. The agency filed a lawsuit against Digital Licensing Inc., operating as DEBT Box, in July last year. However, it has now informed...
Binance and SEC Clash Over Evidence Production and Witness Depositions in Ongoing Legal Battle
27.1.2024
The legal battle between Binance and the United States Securities and Exchange Commission (SEC) continues to intensify as court documents shed light on the clash over evidence production and witness depositions in the SEC’s case against the leading cryptocurrency exchange. According to...