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Bankrupt Celsius to spend $24M from GK8 sale on legal expenses
18.7.2023
After buying GK8 for $115 million in 2021, Celsius is selling it for $25 million, spending 96% of the sale proceeds on legal fees
Report: BlockFi's Risky Investment in FTX and Alameda Despite Knowledge of Infamous Balance Sheet
18.7.2023
According to a recently unsealed report made in Friday's court filing, BlockFi Inc. executives ignored repeated warnings from their risk management team regarding significant loans to Sam Bankman-Fried's Alameda Research, collateralized with digital tokens from FTX....
Read More: Report: BlockFi's...
Cardano continues to make waves, but DigiToads presale ignites the market
17.7.2023
Cardano (ADA) price changes are stirring much interest in the market. The coin finally broke out from $0.2, removing some lost ground. For some time, the project has been engaged in a legal tussle. While the case is still on, it shows investors it can weather the storm regardless of external...
Katie Haun weighs in on the legal battle between XRP and the SEC
17.7.2023
Katie Haun, currently a crypto investor, has highlighted her side of the legal battle between Ripple and the Securities & Exchange Commission. Saying that the legal battle is far from over, an appeal to the court’s decision is possible but unlikely. The reason is the SEC may not be interested...
Binance.US shares an update about the legal battle with the SEC
17.7.2023
The American arm of Binance has shared an update with the community about the ongoing legal battle with the US Securities & Exchange Commission, the SEC. Per the update, the US Court has not granted rights to the Commission to freeze the assets of the platform. Also, their right to TRO has been...
Bitcoin Price Prediction: Ripple's Legal Win and Global Interest Shape the Market
17.7.2023
Bitcoin price is currently trading at around $30,300, showing less than 0.50% surge during the Asian session on Monday. The recent favorable decision in the SEC vs. Ripple case has impacted the price, bringing it back to the level seen last Thursday.
However, a former SEC official expresses...
XRP Supporters Celebrate, Kiyosaki Says Dollar ‘Will Die,’ RFK Jr Holds Bitcoin, and More — Week in Review
16.7.2023
This past week has been a big one for Ripple supporters, who are now celebrating what they view as at least a partial win for the digital asset XRP in the legal battle against the U.S. Securities and Exchange Commission (SEC). In other news, Rich Dad Poor Dad author Robert Kiyosaki says the...
Bankman-Fried Requests Court’s Approval for a Mystery List of Visitors to Drop by Without Security
15.7.2023
In a legal document lodged on July 13, 2023, Sam Bankman-Fried, the former chief executive officer and founder of FTX, expressed his desire for his “close friends” to drop by his parents’ residence “without the need for a security guard to be present.” The plea from Bankman-Fried...
Coinbase Pauses Staking Services in Several US States Amid SEC Lawsuit
15.7.2023
Coinbase, the US-based cryptocurrency exchange, has temporarily paused its staking services in four states in response to legal proceedings from Securities and Exchange Commission (SEC).
In a blog post on July 14, Coinbase announced that it was temporarily suspending its retail staking service...
Kim Dotcom-Backed Crypto Startup Bitcache Liquidated in New Zealand
15.7.2023
Bitcache, a crypto startup backed by Kim Dotcom, has been liquidated, reportedly over unpaid legal fees. Phil Creagh, an Auckland lawyer who acted as Bitcache’s director until Sept. 2020, is reported to have applied for the startup’s liquidation on May 24. Bitcache’s Unpaid Legal Fees A...
Legal Expert Warns Victory May Be Short-Lived for Ripple and XRP — Says Judge ‘Got the Law Wrong’
15.7.2023
A legal expert has warned that the district court ruling on XRP “rests on very shaky ground.” Expecting an appeal, he cautioned that Ripple’s victory “may be a short-lived victory,” claiming that the judge “got the law wrong.” Lawyer on Ruling of...
Celsius Founder Alex Mashinsky’s Bail Set at $40 Million, Travel Restricted Amid Fraud Charges
14.7.2023
Just before the now-defunct crypto lender Celsius was charged by three U.S. federal regulators — the Commodity Futures Trading Commission (CFTC), Securities and Exchange Commission (SEC), and Federal Trade Commission (FTC) — its former CEO, Alexander Mashinsky, was arrested on fraud charges...
Ripple's Legal Win Means It's Time for Crypto to Stand Up to the SEC
14.7.2023
The Fall of Multichain: A Tale of Unexpected Turbulence and Security Breaches
14.7.2023
In an unforeseen chain of events that unfolded between May and July 2023, the CEO of Multichain, Zhaojun, was apprehended by Chinese authorities, destabilizing the blockchain project. The situation escalated when user assets began to be transferred to unknown addresses. From Seizure to Shutdown:...
Bitcoin, Ethereum Technical Analysis: Bitcoin Hits 14-Month High, Following Ripple Ruling
14.7.2023
Bitcoin rose towards the $32,000 mark late on Thursday, as markets reacted to the news that a U.S. judge ruled that XRP was “not necessarily a security on its face.” The ruling was well received by the crypto world, and raised optimism that other crypto companies who are currently...
Bitcoin Price Prediction: BTC Surges Above $31,000 Barrier Following Ripple's Legal Victory Against SEC
14.7.2023
Bitcoin, the leading cryptocurrency, is currently trading at $31,449, marking a notable surge of over 3.5% on Friday.
This surge in Bitcoin's price coincided with Ripple Labs' recent legal triumph in its prolonged three-year battle against the US Securities and Exchange Commission (SEC).
As news...
Ripple’s Chief Legal Officer Breaks Down Ruling in SEC Lawsuit — Says ‘As a Matter of Law, XRP Is Not a Security’
14.7.2023
Ripple Labs’ chief legal officer has broken down Thursday’s ruling on the U.S. Securities and Exchange Commission (SEC) v. Ripple case. Emphasizing that the landmark ruling is “a huge win” for the crypto firm, he stressed that “as a matter of law – XRP...
Today in Crypto: Celsius Sues StakeHound Over $150M in Assets, US Finance Committee Asks Crypto Industry for Opinions, Russia's Duma Passes Digital Ruble Bill, Stablecoins are 'Existential Threat to Policy Sovereignty'
12.7.2023
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: Celsius Sues StakeHound Over $150M in Assets, US Finance Committee Asks Crypto Industry for Opinions...
FTX Executive Investigated for Potential Campaign Finance Violations in Congressional Bid
12.7.2023
Former FTX executive Ryan Salame and his girlfriend Michelle Bond, a former congressional candidate, are under investigation for potential violations of campaign-finance law.
Federal prosecutors in Manhattan are probing whether the couple unlawfully evaded federal limits on campaign contributions...
Russians ‘Can Pay Taxes on Their Crypto Earnings’ – Despite Crypto’s Lack of Legal Status
12.7.2023
The Russian tax body says that citizens “can pay” taxes on their crypto earnings, despite the fact that tokens have no legal status in the country.
In another sign that the government appears to be sending mixed messages about its stance on crypto, the Federal Tax Service (FTS) stated that crypto...