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Former FTX Law Firm Denies Role in Collapse; Challenges Allegations as ‘Fatally Deficient’ in Court Motion
26.9.2023
San Francisco-based law firm Fenwick & West LLP is denying allegations from FTX founder Sam Bankman-Fried that the firm provided legal advice enabling the alleged fraud that led to the cryptocurrency exchange’s collapse. In a recent court filing, Fenwick & West asserts the allegations...
Binance and CEO Changpeng Zhao File Motion to Get SEC Lawsuit Dismissed
22.9.2023
Binance, Binance.US, and Changpeng Zhao have jointly filed a motion to dismiss a lawsuit brought by the United States Securities and Exchange Commission (SEC).
In their 60-page petition submitted on September 21, their legal team contends that the SEC exceeded its regulatory jurisdiction...
Uniswap Class Action Dismissed in Landmark Ruling for DeFi
30.8.2023
Legal proceedings against Uniswap, a leading decentralized exchange protocol, took a turn today when a class action lawsuit filed against it was dismissed.
Mike Wawszczak, a legal analyst, revealed that the judge presiding over the case — initially lodged by the US Securities and Exchange...
Judge Denies CEL Valuation Boost; Evades CEL’s Security Classification in Celsius Saga
26.8.2023
In the unfolding saga of the Celsius bankruptcy case, a proposal was presented to elevate the defunct crypto enterprise’s native token, CEL, to a valuation of $0.80 each. Yet, the overseeing U.S. bankruptcy judge, Martin Glenn, dismissed this proposal. Consequently, Celsius’s...
Chinese Yuan Not Serious Threat to US Dollar Hegemony, Says Economist
23.8.2023
An economist has dismissed the Chinese yuan as a significant threat to the U.S. dollar’s dominance. “The Chinese renminbi, which accounts for less than 3% of global reserves, is not a serious threat to dollar hegemony,” he asserted, adding that “many commentators have...
Weekend Wrap: Celsius’ Mashinsky fraud suit is on, Tether class suit dismissed and more
7.8.2023
The former Celsius CEO has been denied a lawsuit dismissal, Tether celebrates a minor court victory and China vows to crack down on telecoms fraud using crypto and AI
US Court Dismisses Former Celsius Network CEO’s Motion to Block New York Attorney General’s Lawsuit
7.8.2023
Former Celsius Network Alex Mashinsky will now have to defend himself against a lawsuit filed by New York Attorney General Letitia James after a New York County Supreme Court Justice rejected his attempts to have the suit dismissed. The court’s decision blocks the attempt by Mashinsky to stop James...
Class Action Lawsuit Against Tether, Bitfinex Dismissed
5.8.2023
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...
An In-Depth Look at Binance’s TRO Opposition, Filing Insists SEC Manufactured an Emergency ‘for Its Own Purposes’
14.6.2023
Binance fired back at the U.S. Securities and Exchange Commission’s temporary restraining order (TRO) request on Monday, assuring the court that “there is no risk” to customer assets. The exchange’s legal team dismissed the notion of an “emergency,”...
BitGo's Suit Against Galaxy Digital Over Canceled $1.2B Purchase Dismissed by Delaware Judge
12.6.2023
Crypto custodian BitGo had agreed to a sale to Galaxy Digital in May 2021, but Galaxy pulled out of the deal last August amid the industry’s sustained bear market
Chinese State-Owned Banks Cut Dollar Deposit Rates — Dismiss Government Influence Claims
9.6.2023
Major Chinese state-owned banks have lowered interest rates on U.S. dollar deposits. However, they reportedly dismissed claims that the moves were influenced by the Chinese government, stating that the rate cuts were market-driven. Chinese Banks Reduce Dollar Deposit Rates Major Chinese state-owned...
Coinbase Was Dismissed by the US SEC After Months of Figuring Out How To Register, Chief Legal Officer Says
7.6.2023
Coinbase was dismissed by the US Securities and Exchange Commission with no response after months of discussing how to register with the agency, the crypto exchange’s chief legal officer told lawmakers on Tuesday.
Paul Grewal, chief legal officer at Coinbase, faced lawmakers hours after...
Currency Exchange Gemini Seeks to Have SEC Lawsuit Dismissed
29.5.2023
In a recent update, the cryptocurrency exchange Gemini, run by the Winklevoss twins, filed a motion to dismiss the SEC’s securities violation lawsuit.
Gemini Trust Co filed the request in Manhattan federal court on May 26 in response to a January 12 lawsuit by the US Securities and Exchanges...
Today in Crypto: FBI Issues Alert About Scam Crypto Job Ads, Binance Dismissed from a Tinder-Related Lawsuit, Hong Kong to Allow Licensed Platforms to Serve Retail Investors
23.5.2023
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: FBI Issues Alert About Scam Crypto Job Ads, Binance Dismissed from a Tinder-Related Lawsuit, Hong Kong...
Dave Ramsey Dismisses De-Dollarization Concerns — Says BRICS Currency, Chinese Yuan Can’t Take Down US Dollar
10.5.2023
Personal finance expert and best-selling author Dave Ramsey has dismissed de-dollarization concerns and the prospects of a BRICS currency, the Chinese yuan, or the Russian ruble displacing the U.S. dollar in international trade. “They don’t have the muscle to take down the dollar,”...
Ugandan High Court Rules to Uphold Central Bank’s Crypto Prohibition
25.4.2023
A Judge of a High Court in Uganda recently dismissed an application which sought to quash a Bank of Uganda directive that barred licensed entities and individuals from facilitating crypto transactions. In his ruling, Justice Musa Ssekaana insisted that the central bank’s crypto prohibition...
Terra's Do Kwon Wants SEC Charges Dismissed, Court Filings Show
24.4.2023
The SEC cannot regulate digital assets involved in the case as the UST stablecoin is a currency, not a security, lawyers for the disgraced crypto executive said
Rick and Morty Co-Creator Claims Lawsuit Is Dismissed, Lashes Back At 'Canceling'
22.3.2023
This January, Rick and Morty’s co-creator Justin Roiland was charged with domestic violence against his ex-girlfriend. After the lawsuit became public, Roiland left the studio that created High on Life while Adult Swim dropped him from the hit series Rick and Morty. Today, Roiland tweeted that...
Crypto Investors' $28M ‘Black Thursday’ Lawsuit Against DeFi Giant Maker Dismissed by US Judge
25.2.2023
The class action lawsuit filed in 2020 alleged that Maker-related entities knowingly misrepresented risks of holding collateral debt positions and caused heavy losses for some users during the March 2020 market crash
Tether's Attempt to Block CoinDesk's Request for Stablecoin Reserve Records Dismissed by New York Court
10.2.2023
A New York judge on Friday rejected an attempt by iFinex and related companies, which include include cryptocurrency exchange Bitfinex and stablecoin issuer Tether, to block CoinDesk's request for information about the financial reserves backing the USDT token