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Elon Musk Asks Judge to Dismiss $258B Dogecoin Lawsuit — Insists Tweeting Support for DOGE Isn’t Unlawful
2.4.2023
Tesla and Twitter CEO Elon Musk has asked a U.S. judge to dismiss a $258 billion lawsuit filed against him by dogecoin investors. They alleged that the billionaire operated a pyramid scheme to promote the meme cryptocurrency dogecoin. “There is nothing unlawful about tweeting words of support...
US Government Plans to Sell Over 41,000 Bitcoins Confiscated from Silk Road Hacker
1.4.2023
According to a court document filed on March 31, 2023, regarding the sentencing of James Zhong, who stole over 50,000 bitcoin from the Silk Road marketplace, the U.S. government plans to liquidate 41,490 bitcoin “over the course of this calendar year.” U.S. Government Discloses...
U.S. Government Case Against Voyager-Binance.US Deal Has 'Substantial' Merits, Judge Says
1.4.2023
District Judge Jennifer Rearden put the $1 billion deal on hold but said she’d expedite an appeal to avoid too much delay
South Korean Court Denies Arrest Warrant for Terraform Co-Founder Daniel Shin
1.4.2023
A court in South Korea has again denied the arrest warrant for Daniel Shin, a co-founder of Terraform Labs who is being investigated for fraud. Shin has been accused of illegally profiting from the sale of over $100 million worth of the luna cryptocurrency before it collapsed. Seoul Court Leaves...
Ripple CEO Slams SEC Chair Gensler for Dictating Which Crypto Tokens Are Securities
1.4.2023
Ripple CEO Brad Garlinghouse has slammed Securities and Exchange Commission (SEC) Chairman Gary Gensler for claiming that he has the authority to determine which crypto tokens are securities, rather than relying on the legislation that governs his agency’s power. “It’s time...
Crypto Exchange Bittrex to Wind Down U.S. Operations Next Month
31.3.2023
Cryptocurrency exchange Bittrex will shut down its U.S. platform on April 30 after nine years of operation, the company announced on Friday
U.S. Futures Watchdog Issues Compliance Rule for Crypto Activities Among Members
31.3.2023
In the absence of formal crypto rules from U.S. government agencies, the National Futures Association (NFA) is setting up standards for its members that deal in digital assets commodities
BRICS Emerges as the World’s Largest GDP Bloc, Propelled by China’s Rapid Expansion
31.3.2023
BRICS, a set of countries grouped as an alternative to the G7, is now the world’s largest gross domestic product (GDP) bloc, taking purchasing power parity into account, according to reports from Acorn Macro Consulting. Powered By China’s growth, the group now contributes 31.5% to...
U.S. Government Sold $216M of Seized Silk Road Bitcoin This Month
31.3.2023
The U.S. sold 9,861.17 bitcoin ($216 million) on March 14, according to a court filing
Binance Crypto Exchange Accused of Allowing U.S. Firms to Circumvent Derivatives Trading Ban – What's Going On?
31.3.2023
Binance has been accused by the Commodity Futures Trading Commission (CFTC) of allowing trading firms based in the US to trade crypto derivatives on Binance’s international exchange.
Allowing US-registered firms access to the derivatives platform constitutes an obvious circumvention of Binance’s...
China Makes Advances in Ditching the US Dollar for Settlements — Inks Deal With Brazil and Completes First Yuan LNG Purchase
31.3.2023
China has been advancing its goal of positioning the yuan as an alternative to the U.S. dollar for settling international payments. The Chinese government recently struck a bilateral deal with Brazil to settle trades using their national currencies and completed a purchase of Liquefied Natural...
Mike Novogratz Laments US Government’s Penchant for Discussing Crypto While Saying ‘Nothing About AI Regulation’
31.3.2023
Galaxy Digital Holdings chief executive Mike Novogratz has said he finds it shocking that U.S. authorities are interested in talking about the regulation of crypto, but have said nothing about artificial intelligence (AI) regulation. Novogratz added that by choosing mainly to focus on crypto...
SEC Takes Action Against Crypto Trading Platform Beaxy and Its Executives
31.3.2023
The U.S. Securities and Exchange Commission (SEC) has filed charges against crypto trading platform Beaxy and its executives. Additionally, the regulator alleged that the cryptocurrency exchange’s founder raised $8 million in an unregistered crypto token offering and “misappropriated...
Economist Peter Schiff Warns of US Dollar Devaluation and ‘Biggest Economic Disaster’ in History
31.3.2023
Economist Peter Schiff has warned of “the biggest economic disaster” in U.S. history. He stressed that we are on the cusp of a financial crisis and “it’s going to be much bigger than the last.” In addition, he said the U.S. dollar is being debased in order to fund the bank...
Sushi Swap CEO Says He No Longer Feels 'Inspired' Amid U.S. Regulators’ Crypto Crackdown
31.3.2023
Sushi Swap Head Chef Jared Grey fielded questions from his community about an SEC subpoena he received during a Thursday call
Gary Gensler: SEC Needs New Tools, Expertise, and Resources to Regulate Crypto Industry
31.3.2023
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said in a congressional hearing that the securities regulator “requires new tools, expertise, and resources” to combat misconduct in the crypto space. “We’ve seen the Wild West of the crypto markets, rife with...
Most Crypto Sent From Wallets Sponsoring Russia in Ukraine War Reaches CEXs, Binance, Research Shows
30.3.2023
Millions of U.S. dollars’ worth of cryptocurrency has been sent to centralized exchanges (CEXs), most notably Binance, from wallets providing funds in support of Russia’s war effort in Ukraine, transaction data suggests. According to Ukrainian analysts, the money was transferred to the crypto...
Anti-TikTok Politicking Shows Worst Tendencies of U.S. Pols
30.3.2023
CoinDesk Editorial: It Sure Looks Like the U.S. Is Trying to Kill Crypto
30.3.2023
Sometimes they really are out to get you. The government’s regulatory attack on crypto is an abuse of power that risks sending a vital industry overseas, to no gain for consumer protections
Do Kwon to Stand Trial in Montenegro, May Serve Time Before Extradition
30.3.2023
Before extradition, Terraform Labs founder Do Kwon will first have to stand trial in Montenegro for traveling on a fake passport, according to his lawyer in the country. The fugitive crypto entrepreneur may also have to serve time in prison before he is extradited from the Balkan nation,...