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Crypto Firm Wintermute Entangled in Lawsuit Against Celsius Network
25.6.2023
Creditors of the bankrupt landing firm Celsius have amended their lawsuit to include Wintermute.
Plaintiffs in the class-action lawsuit against Celsius Network have now alleged that Wintermute helped the crypto lending firm in wash trading.
The new court filing shows Wintermute Trading Ltd as...
Binance’s ‘Provocative’ Motion Against SEC Could Expedite Criminal Charges, Warns Former SEC Official
25.6.2023
The U.S. Securities and Exchange Commission (SEC)’s former head of internet enforcement has warned that Binance’s recent motion accusing the regulator of ethical violations could expedite criminal charges against the crypto exchange. “Binance’s motion is provocative and Binance’s...
$30K to $50K — 6 AI-Powered Chatbots Attempt to Predict Bitcoin’s Price by the Year’s End
24.6.2023
With bitcoin price up more than 15% against the U.S. dollar, people are more bullish about the leading crypto asset’s market performance. Two weeks ago, Bitcoin.com News asked several AI-powered chatbots whether they believe bitcoin will become a reserve currency. This time, we posed...
Winklevoss Twins Rail Against US SEC’s Anti-Crypto Stance: ‘It Does Not Feel Like America, It Feels Like Venezuela’
24.6.2023
The Winklevoss twins, founders of Gemini, a U.S.-based cryptocurrency exchange, have criticized the U.S. Securities and Exchange Commission (SEC) for its perceived anti-crypto stance and recent enforcement actions. In a recent interview, the Winklevoss twins commented that the regulatory...
Tanzanian Central Bank Says Quoting Prices in Foreign Currency Against the Law
24.6.2023
The Bank of Tanzania (BOT) has reiterated that shillings remain the East African country’s sole legal tender. The apex bank said residents quoting prices in foreign currency or those refusing payment in Tanzanian shillings are in violation of the Bank of Tanzania Act 2006. The central bank...
CFTC Takes Action Against New York Resident for $21M Crypto Pooling Scam
23.6.2023
The Commodity Futures Trading Commission (CFTC) has filed an enforcement action against a New York city resident, William Koo Ichioka, for fraudulently misappropriating over $21 million from over 100 commodity pool participants' funds
OPNX Files Defamation Lawsuit Against Mike Dudas, Issues Justice Tokens
22.6.2023
The bankruptcy claims exchange from Kyle Davies and Su Zhu – the founders of failed hedge fund Three Arrows Capital – has also issued Justice Tokens that offer exposure to defamation lawsuits
Crypto.com refutes all allegations against it
22.6.2023
According to the Financial Times, Crypto.com runs proprietary trading teams who involve themselves in trading against their customers, an allegation that Crypto.com completely refutes. From the viewpoint of FT, they have received input from five people who insist that exchange personnel offered...
Custodia Bank Founder Caitlin Long: ‘The Fed Thinks Only Large Incumbents Should Service Crypto’
22.6.2023
Caitlin Long, the founder of Custodia Bank, has railed against the favoritism that the Federal Reserve and the institutions of the U.S. financial system are supposedly showing to incumbents. According to Long, regulators have applied double standards when permitting established financial...
The New Crash Bandicoot Game Has The Odds Stacked Against It
21.6.2023
At its best, Crash Team Rumble is a pretty fun romp in the Crash Bandicoot universe with the potential for great team-based play. At its worst, it can feel mindless and like you’re just throwing toy versions of Crash and his friends at each other until a disembodied voice declares one of you...
Web3 Investments: The Perfect Hedge Against Disruption, Says Corporate VC
21.6.2023
Web3 investments are being touted as the perfect hedge against disruption in the tech industry, according to Martin El-Khouri, a senior director at venture capital firm Bertelsmann Investments.
Despite the regulatory challenges and market downturn, investors are continuing to back new ventures...
Why Short Sellers May Have a Hard Time Betting Against Tether
21.6.2023
Crypto’s most controversial instrument enjoys some notable insulation from skeptical bets
Investing in Web3 is a ‘hedge against disruption’ — VC investment exec
20.6.2023
Martin El-Khouri, a senior director at Bertelsmann Investments, spoke with Cointelegraph at the Proof of Talk conference on the state of VC investments in Web3
CZ Says Binance Has Issued a Cease and Desist Notice Against Nigerian ‘Scammer Entity’
20.6.2023
Changpeng Zhao, the CEO of Binance, said the recently banned Binance Nigeria Limited has been issued with “a cease and desist notice.” Zhao, who has since branded the Nigeria-registered company a “scammer entity,” told his followers not to believe everything they read in...
Binance Takes Legal Action Against Fraudulent Nigerian Entity – What's Going On?
19.6.2023
Crypto giant Binance has issued a cease and desist notice against Binance Nigeria Limited, a “scam entity.” purporting to be associated with Binance.
On June 9, the Nigerian Securities and Exchange Commission (SEC) ordered Binance to halt its operations of the local entity in the African country. ...
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...
Warnings of Regulatory ‘Siege,’ Binance US Asset Freeze Averted, Schiff Says Fed Destroyed US Banking System, and More — Week in Review
18.6.2023
Red tape and confusion has been the theme in crypto news as of late, with cryptocurrency firms scrambling to stay compliant with regulators like the U.S. Securities and Exchange Commission (SEC), with little to no definite regulatory clarity made available to them thus far. In the wake of lawsuits...
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...
Texas State Securities Board Takes Enforcement Action Against Crypto Firm Abra and CEO Bill Barhydt – What's Going On?
16.6.2023
The Texas State Securities Board has issued an emergency cease-and-desist order against crypto lender Abra, claiming that it has been insolvent since at least March 31, 2023.
In a Thursday filing, the Texas regulator unveiled enforcement actions against Abra and its founder William Barhydt...
Ripple CEO Brad Garlinghouse: SEC ‘Weaponized the Lack of Regulatory Clarity,’ Threw ‘an Entire Industry Into Chaos’
16.6.2023
Ripple CEO Brad Garlinghouse has criticized the role that the U.S. Securities and Exchange Commission (SEC) decided to assume against the cryptocurrency industry. After the release of the Hinman docs, which explain the internal discussions of the institution before the now famous Hinman speech...