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Judge Rules Against FTX in Genesis Bankruptcy Mediation Case


FTX will not be allowed to join in the mediation between now-bankrupt crypto lender Genesis Global and its parent company, Barry Silbert’s crypto conglomerate Digital Currency Group (DCG), a judge has ruled. In the ruling, US Bankruptcy Judge Sean Lane decided against FTX's inclusion in...

Coinbase COIN Stock Drops 10% Following SEC's Lawsuit Against Binance


Shares of major US-based cryptocurrency exchange Coinbase plunged 10% after the US Securities and Exchange Commission annouuced charges against Binance and its founder Changpeng Zhao. Coinbase stock ended the last trading day on Monday trading at $58.71, down by 9.05%, according to data by Yahoo...

US SEC Identifies 12 Crypto Tokens as Securities in Binance Lawsuit


The U.S. Securities and Exchange Commission (SEC) has identified 12 crypto tokens as securities in a new lawsuit filed against Binance and its CEO, Changpeng Zhao (CZ). The securities regulator asserted that Binance platforms “have made available for trading on them crypto assets that...

XRP Bucks Market Trend as Proponents Remain Optimistic About Lawsuit Outcome


Although the crypto economy has dipped 1.5% in value over the past 24 hours, XRP, the sixth-largest digital asset by market capitalization, has posted gains recently. In the last week alone, XRP has surged over 10%, and year-to-date, this digital currency has increased by 35% against the U.S....

Gate.io Exchange Threatens Legal Action Against Bankruptcy Rumor Spreaders


Major crypto exchange Gate.io has threatened to take legal measures against those spreading rumors of its possible bankruptcy.  “Legal proceedings will be initiated against people who cause panic among investors only with rumors and gossip, without relying on any concrete source,” according to...

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