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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...
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...
Hut 8 Is Keen On AI Computing As It Relocates 6,400 Rigs, Eyes Growth Amid Legal Battle
3.7.2023
Bitcoin (BTC) mining firm Hut 8 has announced plans to relocate 6,400 rigs from its facility in Ontario, Canada as the demand for AI and high-performance computing surges.
This is part of the firm’s wider plan to revive its dwindling activities after it faced a few hurdles including a legal...
Bittrex Requests Dismissal of SEC Lawsuit, Arguing for Congressional Approval in Crypto Regulation
2.7.2023
According to a recent court filing, the U.S. subsidiary of Bittrex has requested the dismissal of the case filed against the exchange by the U.S. Securities and Exchange Commission (SEC). Attorneys for Bittrex argue that the SEC cannot regulate cryptocurrency assets as securities without approval...
Binance US Market Share Shrinks Amid Legal Battle With SEC
22.6.2023
The market share of the U.S. subsidiary of Binance has declined amid an ongoing crackdown by America’s securities regulator. According to new data, leading U.S. crypto exchange Coinbase, also sued by the Securities and Exchange Commission (SEC), is taking a hit, too. Binance US Market Share Drops...
Romanian Prosecutors Pursue Confiscation of $563K Bitcoin Stash Owned by Andrew Tate
20.6.2023
Romanian prosecutors have officially submitted documents to the court, seeking the seizure of 21 bitcoin valued at $563,000 from Andrew Tate, a controversial social media influencer. The British-American ex-kickboxer, who gained a significant online presence, was charged with grave offenses...
Subpoena Evasion: 3AC Asks Court to Fine Kyle Davies $10,000 Daily for Non-Compliance
18.6.2023
In February, it was reported that Kyle Davies, the co-founder of Three Arrows Capital (3AC), faced allegations of evading subpoenas related to the collapse of the defunct Singapore cryptocurrency hedge fund. The current custodians of the 3AC estate are now pursuing a daily fine of $10,000 against...
5 Charges Temporarily Suspended in FTX Co-Founder Sam Bankman-Fried’s Legal Battle
17.6.2023
The U.S. Department of Justice (DOJ) and federal prosecutors in New York have opted to temporarily suspend five charges against the beleaguered FTX co-founder Sam Bankman-Fried (SBF). Nevertheless, these five charges have been “severed” and deferred until 2024, potentially leaving...
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,”...
SEC Chair Gensler’s Alleged Past Interest in Advising Binance Surfaces Amidst Legal Battle
8.6.2023
Lawyers for Binance claim that current U.S. Securities and Exchange Commission (SEC) chair Gary Gensler once sought to become an advisor for the exchange back in 2019. This purported application occurred while Gensler was teaching at the Massachusetts Institute of Technology (MIT) and coincided...
Grayscale Seeks ETF Expansion Amid Ongoing Legal Battle over Spot Bitcoin Fund
11.5.2023
In a sign of dedication to its efforts to launch a spot Bitcoin Exchange Traded Fund (ETF) in the US, Grayscale Investments is trying a new approach.
The digital asset manager, currently the world’s largest, announced on Wednesday the formation of a new trust, Grayscale Funds Trust.
The...
FTX Lawsuit Against Shaq Takes a Wild Turn: Court Documents Allegedly Thrown at NBA Star’s Car
10.5.2023
In a recent court submission, legal representatives for basketball icon Shaquille O’Neal, commonly referred to as Shaq, claim he was not duly served in the FTX class-action lawsuit. As per the document, servers allegedly hurled the court documents at Shaq’s car, ultimately landing...
Celsius Network's Mashinsky Refutes Blame for Crypto Lender's Collapse in Legal Battle – Here's the Latest
4.5.2023
Celsius Network co-founder and former CEO Alex Mashinsky has denied any wrongdoing and shrugged off blame for the collapse of the crypto lender.
In a Tuesday filing, Mashinsky’s lawyers called claims by New York Attorney General Letitia James that he misled investors about the financial health...
South Korean Court Rules Terra Crypto Asset LUNC Is Not a Security
24.4.2023
Amidst the allegations against Do Kwon, the co-founder of Terraform Labs, a recent report by the Korean Sunday News has revealed that the Seoul Southern District Court has ruled in favor of LUNA, now renamed LUNC, by stating that it is not a financial investment product. Despite the recent...
Janice McAfee Continues Battle for Release of John McAfee’s Remains, 670 Days After His Death
24.4.2023
Last year in July, it was widely reported that the now deceased, enigmatic tech magnate John McAfee’s body was still in a Spanish morgue for a full year after his untimely demise. McAfee’s widow, Janice, has taken to social media to voice her distress over the extended delay in the release of...
Do Kwon Challenges SEC’s Jurisdiction in Multibillion-Dollar Crypto Securities Fraud Case
22.4.2023
Attorneys defending the co-founder of Terraform Labs, Do Hyeong Kwon, also known as Do Kwon, have presented their argument that says the U.S. Securities and Exchange Commission (SEC) has no jurisdiction in the matter. The legal team asserts that U.S. law precludes regulators “from using...
Craig Wright Hints at Possible Legal Battle Against Apple Over Bitcoin White Paper – What's Going On?
8.4.2023
Self-proclaimed Bitcoin creator Craig Wright has hinted at a possible legal battle against Apple over the storage of Bitcoin white paper on its computers, claiming it violates copyright laws.
In response to a Twitter user who asked if Apple might be “in breach of copyright” for storing...
SEC in a Pickle: Crypto’s Tricky Trio Stirs Up Trouble in 2023
23.3.2023
2023 is shaping up to be a painful year for the U.S. Securities and Exchange Commission (SEC) as it finds itself entangled in battles with the ever-evolving and innovative cryptocurrency industry. From Ripple to Coinbase and Tron, the SEC faces fierce opposition with potentially huge consequences....
Steam's (Formerly) 'Most Hyped' Zombie Game Is In The Weirdest Legal Battle
27.2.2023
For a while now—or at least until last month, when it was delisted—The Day Before was one of the most hotly-anticipated games on Steam. That was until the wheels started falling off the project, with a delay announced, doubts raised over whether its gameplay footage was even real and now a legal...
Developers Propose Cross-Chain Bridge for XRPL Network to Enhance Blockchain Interoperability
23.2.2023
Software engineers and members of the development lab Ripplex want to create a cross-chain bridge for the XRPL network to bolster cross-chain transfers between different blockchain networks. According to a recent Github draft, the proposal outlines how the cross-chain bridge could function...