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Notions of DAO Immunity Sink as CFTC Lawsuit Declares Ooki DAO a ‘Person’ Under the Law
11.6.2023
On June 9, 2023, the Commodity Futures Trading Commission (CFTC) declared victory in a lawsuit against Ooki DAO, a decentralized autonomous organization. According to the CFTC, the judge’s ruling that the Ooki DAO is a “person” under the Commodity Exchange Act sets a new legal...
SEC Lawsuits Fuel Bitcoin and Ethereum Exodus From Exchanges: Nearly $1 Billion Withdrawn in 7 Days
11.6.2023
It has been six days since Binance faced a lawsuit from the U.S. Securities and Exchange Commission (SEC), and five days since Coinbase encountered a similar legal challenge. In the wake of these events, a substantial amount of bitcoin and ethereum has been withdrawn from exchanges, with data...
Altcoins Feel the Heat: Crypto Market Theories Run Wild, While Proponents Seek Guidance
11.6.2023
Amid the recent crackdown on two of the world’s largest crypto exchanges, cryptocurrency enthusiasts have been buzzing with discussions on various theories and investment strategies. While some have opted to sell their holdings in the face of uncertainty, others have taken a different...
XRP Price Prediction as the Ripple Lawsuit Conclusion Nears – Will XRP Hit $10 in 2023?
10.6.2023
As the legal battle between Ripple and the Securities and Exchange Commission (SEC) nears its conclusion, the XRP community eagerly awaits the outcome and its potential impact on the price of XRP.
The lawsuit's resolution holds significant implications for the future of XRP and its journey toward...
SOL, ADA, MATIC Tokens Slide 20% in Sudden Move Days After SEC Lawsuit Allegations
10.6.2023
Several tokens were alleged as securities earlier this week, leading to a possible risk-off among traders
Binance US Halts USD Deposits, Withdrawals — Asks Users to Withdraw Dollars by June 13
10.6.2023
Binance US has informed its users that U.S. dollar deposits have been suspended and USD withdrawals will no longer be processed. The crypto exchange has asked customers to withdraw dollars by June 13 as it transitions into a crypto-only trading platform. The move followed a lawsuit against...
CFTC Wins Lawsuit Against Ooki DAO
9.6.2023
Berenberg Capital Adjusts Coinbase Price Target in Response to SEC Lawsuit
9.6.2023
According to a research report by Berenberg Capital, investment bank analyst Mark Palmer believes that Coinbase shares are currently deemed "uninvestable" in the short term due to the ongoing lawsuit filed by the Securities and Exchange Commission (SEC).
Palmer noted in the report that...
Robinhood Ends Support for Some Tokens Named in SEC Lawsuit as Securities
9.6.2023
The popular trading platform will end support for Cardano (ADA), Polygon (MATIC) and Solana (SOL) on June 27th
Bitcoin Price and Ethereum Prediction: US SEC Lawsuit, FTX Bankruptcy, and BitGo Updates Unveiled
9.6.2023
Bitcoin and Ethereum, two of the leading cryptocurrencies, have been in the spotlight recently due to significant developments surrounding the US Securities and Exchange Commission (SEC) lawsuit, the bankruptcy of FTX exchange, and the acquisition deal involving BitGo.
These updates have brought...
Ethereum Staked on Coinbase Sees Massive Redemptions, Over 27,000 Tokens Redeemed on June 6
8.6.2023
Recent statistics reveal that a significant amount of ethereum staked on Coinbase has been redeemed, with 27,280 tokens being redeemed on June 6. This development comes in the wake of the U.S. Securities and Exchange Commission (SEC) filing a lawsuit against Coinbase for not registering...
Disney Card Game Gets Sued For Allegedly Copying Rival's Design
8.6.2023
The release of Lorcana, Disney’s upcoming collectible card game, is now in jeopardy because The Upper Deck Company has issued a class action lawsuit against Lorcana publisher Ravensburger accusing one of the game’s designers of intellectual property theft.Read more
Solana is Going to Zero After SEC Lawsuit Deems SOL a Security and Investors are Moving to Ecoterra as the Platform Raises $4.9 Million – What Does it Do?
8.6.2023
In a nasty surprise for Solana holders, SOL has been named as an unregistered security in the latest SEC enforcement action against Binance - now facing an uncertain future will Solana sink-or-swim?
As the aftermath of the latest 'regulation by enforcement' moves sets in, crypto markets...
Binance vs. SEC: How low can BNB price go?
8.6.2023
BNB is clinging on to its short-term bullish bias amid the Binance-SEC fiasco but a 30% price decline is still on the cards
SEC's crypto actions surged 183% in 6 months after the FTX collapse
8.6.2023
The regulator stepped up enforcement actions in the crypto space following the revelations that took place around FTX
US federal court dismisses lawsuit against DeFi platform PoolTogether
8.6.2023
The DeFi community funded the protocol's legal defense through a $1.4 million nonfungible token sale back in 2022
EMAX class action against Kim K and Mayweather is back on, says judge
8.6.2023
While a federal judge dismissed the lawsuit last year, U.S. District Judge Michael Fitzgerald has given the plaintiffs a new chance at pursuing action against the celebrities
Coinbase CEO Responds to SEC Lawsuit Accusing Crypto Exchange of Securities Law Violations
8.6.2023
Coinbase CEO Brian Armstrong has responded to the lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against his cryptocurrency exchange. The securities regulator charged Coinbase with “operating its crypto asset trading platform as an unregistered national securities...
U.S. Judge Dismisses Lawsuit Against DeFi Startup PoolTogether
8.6.2023
The lawsuit, filed in 2021, alleges the platform operated in a way that enabled users to evade financial regulation and scam consumers
SEC Summons Binance CEO CZ as Lawsuits Shake Cryptocurrency Industry
8.6.2023
The United States District Court in Washington, D.C., at the request of the Securities and Exchange Commission (SEC), summoned Binance CEO Changpeng Zhao (CZ) on Wednesday. Binance CEO CZ Challenged by SEC Summons as Legal Battles Escalate On Wednesday, several social media accounts shared...