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CFTC Overreached in Suing Binance, Crypto Exchange Says
28.7.2023
The U.S. Commodity Futures Trading Commission (CFTC) is reaching beyond its jurisdiction in trying to sue Binance, the global crypto exchange said in a motion to dismiss the regulator's lawsuit against it
Judge suggests IRS issued $4K refund over tax lawsuit based on quality of lawyers: Report
26.7.2023
A couple who filed a lawsuit over how staked Tezos tokens were taxed has gone to appellate court after refusing to accept a refund check from the IRS
Binance, CZ to Seek Dismissal of CFTC Complaint
26.7.2023
Crypto exchange Binance and its founder and CEO Changpeng Zhao (CZ) plan to seek the dismissal of a lawsuit filed by the U.S. Commodity Futures Trading Commission (CFTC). On July 27, the trading platform is due to submit its response to the CFTC complaint alleging that it broke derivatives laws...
CFTC charges Tennessee couple over 'Blessings of God Thru Crypto’ scheme
26.7.2023
Despite having no trading experience a Tennessee couple convinced 100 people to hand over their money for a uniquely named crypto investment pool
Miami Heat’s Jimmy Butler seeks dismissal from Binance promo class suit
26.7.2023
Lawyers for the basketball star claim he did not mention any alleged securities but instead warned of celebrities promoting crypto investments
Today in Crypto: Binance Plans to Ask the Court to Dismiss a CFTC Lawsuit, Solana-based Exchange.art Set to Integrate with Ethereum, UK's Data Watchdog to Examine Worldcoin
25.7.2023
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: Binance Plans to Ask the Court to Dismiss a CFTC Lawsuit, Solana-based Exchange.art Set to Integrate with...
Bitcoin Price Prediction: BTC Dips 3% Amid Binance Lawsuit and Potential Rate Hike Concerns
25.7.2023
Bitcoin, the world's leading cryptocurrency, is facing a dip of 3% as it trades at $29,171 on Tuesday. The failure to sustain higher price levels may have influenced aggressive bearish sentiments, leading to short positions, while short-term bulls have chosen to secure their profits.
Amidst...
Binance and CEO Changpeng Zhao Plan to Submit Motion to Dismiss CFTC Lawsuit
25.7.2023
Binance, the world's biggest crypto exchange, billionaire founder Changpeng Zhao – CZ – and the exchange’s former compliance chief Samuel Lim have intended to file two motions to dismiss a complaint from the Commodity Futures Trading Commission (CFTC).
Per a court filing on Monday, Binance and...
Binance and CEO Changpeng Zhao seeks to dismiss CFTC complaint
25.7.2023
Binance, Changpeng Zhao and former compliance chief Samuel Lim intend to file two motions to dismiss a March lawsuit from the CFTC against them
FTX Lawsuit Reveals Alleged Plan to Use Island as Doomsday Bunker
24.7.2023
A newly filed lawsuit has alleged that the FTX Foundation planned to use the island nation of Nauru as a safe refuge for effective altruists for “some event where 50% - 99.99% of people die.”
According to the lawsuit, filed by FTX’s current management, the plan to use the island as a giant...
Ripple Committed to Markets With Clear Rules in Asia and Europe After US Court Win
24.7.2023
Following a partial court victory in the United States, crypto company Ripple intends to stay focused on markets with clear regulations for the industry, including jurisdictions in Asia such as Singapore and Hong Kong. The U.S.-based blockchain firm also plans an expansion in the U.K. and Europe...
Blackrock’s Bitcoin ETF Application Update, Warnings of Possible Reversal in XRP Ruling, and More — Week in Review
23.7.2023
Financial megalith Blackrock’s bitcoin exchange-traded fund (ETF) application has now been accepted by the U.S. Securities and Exchange Commission, and added to the regulator’s docket. In related news, a former official from the SEC has said the recent ruling on XRP from the SEC...
SEC Says XRP Ruling in Ripple Case ‘Wrongly Decided’ — Signals Appeal
23.7.2023
The U.S. Securities and Exchange Commission (SEC) has told a federal court that some portions of the Ripple ruling regarding XRP “were wrongly decided.” The regulator has asked the court to ignore parts of the ruling, noting that “SEC staff is considering the various available...
British Court Grants Appeal to Craig Wright in Bitcoin Copyright Lawsuit
22.7.2023
A British court has granted an appeal to Craig Wright to argue his case in a copyright lawsuit concerning Bitcoin (BTC), according to a recent court filing.
Wright, who has claimed to be the creator of Bitcoin since 2016, has filed a lawsuit against 13 Bitcoin Core developers and several...
FTX Sues SBF, Former Execs to Recover Over $1 Billion
22.7.2023
Crypto exchange FTX is trying to regain $1 billion in a lawsuit against founder Sam Bankman-Fried (SBF) and some former executives. FTX’s new management argues the funds were misappropriated through dubious deals and transactions made before the coin trading platform went bankrupt last fall. Failed...
SEC hints at potential appeal to XRP ruling from Ripple Labs lawsuit
22.7.2023
According to court documents, the SEC stated that it is now “considering the various available avenues for further review” on the ruling which found XRP to not be a security
UK court grants appeal from Craig Wright in Bitcoin rights lawsuit
21.7.2023
The decision reverses a prior ruling, allowing Craig Wright to appeal a lawsuit claiming copyright to the Bitcoin whitepaper and database
FTX Launches Lawsuit Against Ex-Executives, Including Sam Bankman-Fried, to Reclaim $1 Billion
21.7.2023
Now-defunct cryptocurrency exchange FTX has filed a complaint against former CEO Sam Bankman-Fried and other key executives to retrieve more than $1 billion in allegedly misappropriated funds.
The lawsuit, filed by FTX under the direction of an executive team led by restructuring expert John...
Terraform Labs Seeks Data from FTX Wallets for SEC Lawsuit Defense
21.7.2023
Terraform Labs, the development firm behind Terra network and the failed stablecoin TerraUSD (USTC), is seeking permission from a court to get access to data from the bankrupt crypto exchange FTX.
According to Terraform Labs, the failure of its UST stablecoin was the result of an attack by large...
Today in Crypto: Shinhan Bank Tests Stablecoin Payments on Hedera Network, Marathon Shareholders File Lawsuit Against CEO & Top Execs, Cronos Partners with Ubisoft
18.7.2023
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: Shinhan Bank Tests Stablecoin Payments on Hedera Network, Marathon Shareholders File Lawsuit Against CEO...