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FTX Founder’s Expert Witnesses Face Exclusion in Fraud Trial
29.8.2023
The U.S. Department of Justice filed a motion on Monday seeking to bar all seven of Sam Bankman-Fried’s proposed expert witnesses from testifying in the former FTX CEO’s upcoming fraud trial. Federal prosecutors cited issues with the witnesses’ reliability and accused them...
Biggest Movers: BNB Jumps 5% Higher, as Grayscale Wins Battle With SEC
29.8.2023
BNB surged this afternoon, as markets reacted to the news a court in the United States was siding with Grayscale in its case with the Securities and Exchange Commission (SEC). The court said the SEC was wrong to deny Grayscale permission to migrate its bitcoin product into an ETF. Toncoin also...
Sealing docs in Binance case could suggest a criminal probe, says former SEC official
29.8.2023
According to John Reed Stark, the U.S. Justice Department may intend to indict or already indicted Binance, suggesting a motion in civil court was aimed at keeping this secret
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...
Judge Cites Ripple Case in Rejecting CEL's Security Classification in Bankruptcy Proceedings
26.8.2023
A bankruptcy judge has refused to determine whether CEL, the native token of Celsius, should be classified as a security, citing the ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC).
Otis Davis, one major CEL token order, had previously asked the judge...
Ripple vs. SEC case: Pro XRP lawyer urges Jay Clayton, Hinman’s testimony
26.8.2023
Deaton points out that former SEC officials Bill Hinman and Jay Clayton's testimony during the US SEC v. Ripple Labs case would have categorized XRP as a non-security early on
Judge denies stakeholders request for representation in Celsius bankruptcy case
25.8.2023
The judge also declined to declare CEL token “not a security,” despite related rulings in the SEC vs Ripple case
Donald Trump NFT prices spike following release of mugshot in Georgia criminal case
25.8.2023
The former U.S. President returned to X for the first time since January 2021 to post his mugshot, which has now been thoroughly manipulated for memes by many users
South Korean Crypto Murder Case Takes New Twist – Suspect: ‘My Confession Was False’
25.8.2023
A bizarre South Korean crypto-related murder case has taken a new twist, with one of the chief suspects telling a court his initial confession was “false.”
The case revolves around a woman who was apparently abducted from a busy street in Seoul’s affluent Gangnam District in March this year.
The...
The Protocol: Coinbase Blockchain's Viral Use Case Puts Focus on Optimism's Tech
23.8.2023
The week in blockchain tech: Crypto-fueled social marketplace Friend.tech goes viral on Coinbase's new Base blockchain, Shiba Inu community's "Shibarium" network aims for fresh start, and Ethereum experts handicap the competition between leading technologies for layer-2 networks
XRP Value Plunges 39% Post-SEC Verdict: XRP Army Remains Optimistic Amid Market Turbulence
22.8.2023
It’s been 40 days since the U.S. court issued a partial verdict in the SEC’s case against Ripple. In that timeframe, the digital currency XRP’s value has slumped by a significant 39.43%. Despite SEC’s Interlocutory Appeal and 39% Downturn, XRP Enthusiasts Hold out for...
FTX Modifies Settlement Motion After US Trustee Objection in Bankruptcy Case – What's Going On?
22.8.2023
Bankrupt crypto exchange FTX submitted a "Reply" on Sunday, August 20, to back its Settlement Plan and address the US Trustee's objection to the Motion.
On August 16, FTX Trading and its associated debtors submitted a court filing titled "Motion of Debtors for an Order Authorizing Procedures...
SEC Files Motion to Certify Interlocutory Appeal of Ripple-XRP Ruling
21.8.2023
The U.S. Securities and Exchange Commission (SEC) has filed a motion to certify an interlocutory appeal of two rulings in the Ripple case regarding XRP. According to the securities regulator, “Immediate appeal of these rulings is warranted … because they involve controlling questions...
Ripple CTO clarifies on SEC appeal, spotlights case complexity
20.8.2023
According to the CTO, the SEC is seeking an appeal at this specific point based on its interpretation that the legal case has not yet reached a conclusion
Bankman-Fried Wants to See His Lawyers Outside Jail Five Days a Week
20.8.2023
FTX founder Sam Bankman-Fried (SBF) is asking to be released from jail five days a week to work on his defense for the fraud trial against him set to begin in October. On Friday, Bankman-Fried’s lawyers complained to a judge in Manhattan that the currently proposed preparation time and regime...
US Court Classifies Tornado Cash as ‘Person’ in Verdict Echoing Ooki DAO Designation
19.8.2023
A recent ruling by a U.S. judge declared that Tornado Cash holds the legal status of a “person.” This development came on the heels of a previous verdict in June, which recognized the decentralized autonomous organization Ooki DAO in a similar manner. U.S. Judiciary Designates Tornado Cash...
XRP Price Prediction as Judge Torres Grants SEC's Ripple Case Appeal Process – Will XRP Fall to 1 Cent?
18.8.2023
While XRP is trading more than 16% up from Thursday’s lows and is back to the north of its 200DMA and the psychologically important $0.50 level, the world’s fifth-largest cryptocurrency by market capitalization continues to trade lower by around 20% on the week....
Read More: XRP Price Prediction...
Judge Grants SEC’s Request to Seek Interlocutory Appeal in Ripple Case Over XRP
18.8.2023
District Judge Analisa Torres has granted the request by the U.S. Securities and Exchange Commission (SEC) seeking to file an interlocutory appeal in the Ripple case over XRP. Judge Torres’ approval came one day after Ripple Labs filed its objection to the SEC’s request. Judge...
SEC Can Argue for Right to Appeal Groundbreaking XRP Ruling in Ripple Case, Judge Says
17.8.2023
A federal judge will let the U.S. Securities and Exchange Commission file a motion that, if granted, would allow it to appeal a ruling that XRP transactions through exchanges didn’t violate securities laws
Judge grants SEC request to file motion for appeal in Ripple case
17.8.2023
The SEC has until August 18 to officially file its motion and the defendants will have until September 1 to respond