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Class Action Lawsuit Against Tether, Bitfinex Dismissed


A class action lawsuit filed against cryptocurrency firms Tether and Bitfinex was dismissed Friday by a federal judge in New York. The judge ruled the complaint lacked plausible claims of injury and failed to show that Tether’s stablecoin USDT had diminished in value. Judge Dismisses Market...

US District Judge Rejects Approach in SEC v Ripple Ruling on XRP


A senior U.S. district judge has rejected the approach taken in the Securities and Exchange Commission (SEC) v. Ripple ruling regarding XRP. “The court declines to draw a distinction between these coins based on their manner of sale,” explained the district judge presiding over...

Terraform Labs Lawsuit: Judge Rejects Motion to Dismiss SEC Case


A US Judge has denied Terraform Labs' motion to dismiss a securities fraud lawsuit filed against it by the Securities and Exchange Commission (SEC).  On Monday, US District Judge Jed Rakoff rejected Terraform Labs' arguments that the SEC lacked jurisdiction and that its TerraUSD stablecoin did...

As judge rules XRP not a security, Bitcoin & InQubeta rally


The crypto world is buzzing with excitement as XRP secured a significant legal victory. The U.S. Securities and Exchange Commission’s (SEC) long-standing lawsuit against Ripple was finally settled, with the judge ruling that XRP is not a security. This development has boosted XRP’s...

Bankruptcy Tussle Between Crypto Firms FTX and Genesis Nears Resolution 


The long-standing legal feud between FTX Trading and Genesis Global Holdco is taking a turn towards resolution. The two parties have reached an initial agreement, in principle, following bankruptcy protection disputes that have made industry headlines. An official letter to the bankruptcy judge...

Prosecutors Want Sam Bankman-Fried Jailed Ahead of Trial


U.S. prosecutors have asked a federal judge to put crypto exchange FTX founder Sam Bankman-Fried in jail over alleged witness tampering before his trial starts in October. While requiring the prosecution to formalize the request and giving the defense enough time to make its case, the judge issued...

Today in Crypto: South Korea Launches the Joint Investigation Centre for Crypto Crimes, Singapore Rules Crypto is Property Capable of Being Held in Trust, Craig Wright Must Pay £400,000 in Coinbase & Kraken Cases but Judge Doesn't Think He Has the Money


Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________... Read More: Today in Crypto: South Korea Launches the Joint Investigation Centre for Crypto Crimes, Singapore Rules Crypto is Property...

Ripple vs. SEC — Respite for a Beleaguered Industry


On July 13, 2023, the U.S. District Court for the Southern District of New York (SDNY) finally issued an order in the infamous case brought by the Securities and Exchange Commission (SEC) against the payment settlement system and currency exchange, Ripple Labs, Inc. (Ripple). District Judge Analisa...

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