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COPA Aims to Dismiss Craig Wright’s Satoshi Claim in Landmark Trial
13.3.2024
The Crypto Open Patent Alliance (COPA) feels like it’s on the verge of winning its landmark case against Australian computer scientist Craig Wright, a man who claims to be the inventor of Bitcoin. The UK trial moved onto the final round yesterday. Now the parties are delivering their closing...
How an Appeals Court Ruled on an Aspiring Class-Action Lawsuit Against Binance
13.3.2024
A federal appeals court ruled last week that Binance needs to face a putative class-action lawsuit from a group of U.S.-based crypto investors who allege the exchange allowed them to buy and trade unregistered securities in the form of certain cryptocurrencies. The ruling doesn't make...
Coinbase Files Legal Challenge Against SEC for Crypto Regulation Clarity
12.3.2024
In a significant legal confrontation, Coinbase has filed a challenge against the U.S. Securities and Exchange Commission (SEC) in the Third Circuit, contesting the SEC’s refusal to establish clear rulemaking for digital assets. San Francisco Crypto Exchange Coinbase Initiates Legal Action Against...
Sweden’s Central Bank Chief Cautions Against Bitcoin Integration Due to Speculative Nature
12.3.2024
Sweden's Central Bank Governor, Erik Thedeen, advocates for minimal Bitcoin adoption within the nation's financial system. He emphasizes concerns about Bitcoin's speculative valuation and potential investor losses.
The post Sweden’s Central Bank Chief Cautions Against Bitcoin Integration...
Worldcoin’s Request for Injunction Denied as Spain’s AEPD Upholds Temporary Suspension
12.3.2024
Worldcoin has been unsuccessful in obtaining an injunction against a temporary suspension imposed by Spain's data protection authority, the AEPD.
The post Worldcoin’s Request for Injunction Denied as Spain’s AEPD Upholds Temporary Suspension appeared first on Cryptonews
Binance Executives Stripped of Passports, Held in Confinement by Nigerian Authorities for Two Weeks
12.3.2024
Two senior executives from cryptocurrency exchange Binance have been detained against their will by Nigerian authorities for the past two weeks.
The post Binance Executives Stripped of Passports, Held in Confinement by Nigerian Authorities for Two Weeks appeared first on Cryptonews
Coinbase Sues SEC for Crypto Rulemaking Refusal, Calls for Clarity
12.3.2024
Coinbase takes legal action against the SEC, pressing for a court order to compel the regulatory body to start developing specific rules for crypto operations and oversight.
The post Coinbase Sues SEC for Crypto Rulemaking Refusal, Calls for Clarity appeared first on Cryptonews
Elon Musk to Open-Source AI Chatbot Grok Amid Ongoing OpenAI Lawsuit
11.3.2024
Elon Musk, CEO of artificial intelligence (AI) company xAI, has announced the open sourcing of Grok, a ChatGPT competitor. He announced this decision days after Musk filed a lawsuit against OpenAI, a company he co-founded, for allegedly abandoning its original non-profit mission.
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Anti-Crypto Politicians Rally Against SEC’s Potential Approval of Spot Ethereum ETFs: Fox Reporter
11.3.2024
Optimism surrounding the Securities and Exchange Commission's (SEC) approval of Ethereum spot ETFs by May 23 is diminishing.
The post Anti-Crypto Politicians Rally Against SEC’s Potential Approval of Spot Ethereum ETFs: Fox Reporter appeared first on Cryptonews
MakerDAO Approves Emergency Fee Hikes in Response to DAI Stability Concerns
11.3.2024
BA Labs submits an emergency rate adjustment proposal in the MakerDAO forum to raise fees, aiming to stabilize DAI against market turbulence and shrinking reserves.
The post MakerDAO Approves Emergency Fee Hikes in Response to DAI Stability Concerns appeared first on Cryptonews
Worldcoin Introduces Complaint Against Operations Ban in Spain
10.3.2024
Worldcoin, the biometric iris scanning project, has introduced a complaint against the actions of the AEPD, the personal data protection agency in Spain. Tools For Humanity, the company behind Worldcoin, argues that the agency circumvented the General Data Protection Regulation (GDPR) established...
Investors Get Green Light to Pursue Class Action Against Binance
9.3.2024
A group of investors who sought to sue cryptocurrency exchange Binance, its former CEO Changpeng Zhao, and other executives have been given a fresh chance to pursue their case.
The post Investors Get Green Light to Pursue Class Action Against Binance appeared first on Cryptonews
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
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...
“Kimchi Premium” Returns: Bitcoin Trades at 10% Price Premium in South Korea Against Global Exchanges
7.3.2024
Bitcoin's infamous "Kimchi premium" has made a comeback, with the cryptocurrency commanding an average 10% price premium in South Korea compared to global exchanges.
The post “Kimchi Premium” Returns: Bitcoin Trades at 10% Price Premium in South Korea Against Global Exchanges appeared...
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.
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SEC Accepts ShapeShift’s $275,000 Settlement Over Crypto Securities Charges
6.3.2024
The U.S. SEC concludes its cease-and-desist action against ShapeShift with a $275,000 settlement, addressing charges of the firm selling crypto securities without proper registration.
The post SEC Accepts ShapeShift’s $275,000 Settlement Over Crypto Securities Charges appeared first...
Bitcoin Miners Show Muscle Pushing Back Against Warrantless 'Emergency' Order
5.3.2024
In another example of crypto using the courts to fight back against unwarranted regulatory interference, blockchain advocates stopped a U.S. statistics agency from issuing an “emergency” request for mining energy metrics
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...
Fantom Plans Multichain Liquidation to Help Recover Millions Lost in Exploit
5.3.2024
Fantom Foundation, the team that builds Fantom Network, has received a favorable judgement from the High Court of Singapore in its legal action against the cross-chain protocol Multichain.
The post Fantom Plans Multichain Liquidation to Help Recover Millions Lost in Exploit appeared first...