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Appeals Court Revives Aspiring Class Action Lawsuit Against Binance
8.3.2024
A Friday ruling doesn't make any declaration on whether the tokens at the heart of a lawsuit against Binance are securities, but it may give investors a chance to argue that they are
Binance.US Revenue Plummets 75% Amid Fallout from SEC Lawsuit
7.3.2024
Binance.US lost three-quarters of its revenue after the SEC sued it, according to a new legal filing of a deposition in December 2023 by Chief Operations Officer Christopher Blodgett. “Our trading volumes and business more generally have imploded,” said Blodgett after the SEC froze Binance.US’...
Hut 8 Faces Multiple Lawsuits From Shareholders Following Stock Crash
7.3.2024
A class action securities lawsuit was filed against Hut 8 Corp., seeking to recover the losses of shareholders who were adversely affected by alleged securities fraud between November 9, 2023, and January 18, 2024.
The post Hut 8 Faces Multiple Lawsuits From Shareholders Following Stock Crash...
DCG and Barry Silbert file motions to dismiss civil lawsuit by NYAG
7.3.2024
DCG, an acronym for Digital Currency Group, shared the news of filing a motion to dismiss a civil lawsuit against Gemini, Genesis, and DCG. The New York Attorney General filed the lawsuit, alleging that DCG borrowed roughly 18k BTC from Genesis after Three Arrow Capital defaulted on its loans....
US Judge Backs SEC: Trading of Certain Cryptocurrencies on Secondary Markets Are Securities Transactions
7.3.2024
A U.S. district judge has sided with the Securities and Exchange Commission (SEC) in a ruling that declares the trading of certain crypto assets on secondary markets to be securities transactions. This decision emerged from an insider trading case involving crypto exchange Coinbase’s former...
Report: DCG, Barry Silbert Seek Dismissal of NYAG Lawsuit, Citing ‘Baseless Innuendo’ and Integrity in Operations
6.3.2024
Digital Currency Group (DCG) has submitted a request to the court to drop the legal action taken against it by New York Attorney General Letitia James. DCG argues that it’s “wrongfully” depicted and maintains that the lawsuit is nothing but a “thin web of baseless innuendo.” DCG Challenges...
Digital Currency Group Files Motion to Dismiss Lawsuit by NY Attorney General
6.3.2024
Digital Currency Group (DCG), the parent company of the now-defunct Genesis Global Capital, has taken action to dismiss the lawsuit filed against it by New York Attorney General Letitia James.
The post Digital Currency Group Files Motion to Dismiss Lawsuit by NY Attorney General appeared first...
Digital Currency Group Files for Dismissal of New York Attorney General’s Lawsuit
6.3.2024
The crypto firm's boss, Barry Silbert, also filed a motion to dismiss the Attorney General’s accusation that he concealed losses at the firms and so cheated customers and investors
Binance.US Slashed Two-Thirds of Its Workforce as Revenue Plunged After SEC Lawsuit: Court Transcript
6.3.2024
"The allegations of the SEC severely undermined institutional trust in our platform," Binance.US executive Christopher Blodgett said during a deposition
Binance.US Axed Two-Thirds of Staff, Revenue Tanked 75% after SEC Lawsuit: COO
6.3.2024
Binance's US arm imploded following SEC allegations regarding violations of securities law, according to the subsidiary’s COO Christopher Blodgett.
The post Binance.US Axed Two-Thirds of Staff, Revenue Tanked 75% after SEC Lawsuit: COO appeared first on Cryptonews
Terraform Labs Pushes Back Against SEC Over Special Counsel Payment
5.3.2024
Crypto firm Terraform Labs has filed a lawsuit against the US Securities and Exchange Commission. The suit addresses the recent objection from the regulator over a $166M retainer paid to special litigation counsel Dentons. The SEC’s argument lies in the fact that the crypto firm’s lavish spending...
Nintendo Emulator Settles Civil Dispute, Must Pay Millions
4.3.2024
Nintendo and the people behind the game emulator Yuzu have agreed to settle a lawsuit after a short civil dispute in district court over allegations that the software allowed folks to illegally download Tears of the Kingdom over one million times.Read more
Texas Blockchain Council and Riot Secure Legal Victory in Bitcoin Mining Data Collection Lawsuit
3.3.2024
In a landmark ruling, the Texas Blockchain Council (TBC) and Riot Platforms Inc. have triumphed in their lawsuit against the Biden administration, successfully halting the data collection efforts on bitcoin mining operations. TBC and Riot Platforms Win Case Against Bitcoin Mining Data Survey...
Lawsuit Filed: Wall Street Journal Faces Defamation Allegations Over Tether-Bitfinex Article
2.3.2024
The Wall Street Journal is facing a defamation lawsuit over an article that allegedly falsely accused a Thai-based aviation fuel broker and his company of involvement in illegal activities.
The post Lawsuit Filed: Wall Street Journal Faces Defamation Allegations Over Tether-Bitfinex Article...
Worldcoin Price Dips as Elon Musk Sues OpenAI and Sam Altman
1.3.2024
The price of Worldcoin's WLD token has dipped following news of Elon Musk's lawsuit against OpenAI and its CEO, Sam Altman. Elon Musk, the visionary entrepreneur behind SpaceX and Tesla, filed a lawsuit against OpenAI and its CEO, alleging a breach of their nonprofit agreement.
The post Worldcoin...
State Attorneys General Question SEC’s Authority in Kraken Lawsuit
1.3.2024
A group of state attorneys general has challenged the U.S. Securities and Exchange Commission's (SEC) authority in the ongoing lawsuit against the cryptocurrency exchange Kraken.
The post State Attorneys General Question SEC’s Authority in Kraken Lawsuit appeared first on Cryptonews
SEC Overstepped Bounds in Kraken Lawsuit, State AGs Charge
1.3.2024
SEC Flags Terraform Labs’ $166 Million Payment to Lawyers – What’s Going On?
29.2.2024
The United States Securities and Exchange Commission (SEC) has flagged Terraform Labs $166 million in payments to Denton since 2023.
The post SEC Flags Terraform Labs’ $166 Million Payment to Lawyers – What’s Going On? appeared first on Cryptonews
Tears Of The Kingdom Was Pirated 1 Million Times, Nintendo Claims In Lawsuit
28.2.2024
Nintendo filed a civil lawsuit on February 26 against Yuzu software developer Tropic Haze, claiming that the team’s tech let folks illegally pirate 2023’s The Legend of Zelda: Tears of the Kingdom over one million times a full week and a half before it even came out. According to the Mario maker...
Crypto Exchange Kraken Shares ‘Real Story’ of SEC Lawsuit — Claims SEC Seeks ‘Boundless Authority’ Over Commerce
27.2.2024
Cryptocurrency exchange Kraken has shared what it called “the real story” of the lawsuit against it by the U.S. Securities and Exchange Commission (SEC). Kraken also explained why it is moving to dismiss the case. “Crypto innovators in the United States should not have to fear...