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SEC ‘Surrender,’ Fear of Middle East Escalation, Meme Coin Market Update — Bitcoin.com News Week in Review
22.10.2023
In big crypto and finance news this week, the SEC has dropped its lawsuit against top Ripple execs, Bridgewater founder Ray Dalio speculates on war in the context of strife in the Middle East, and a look at the meme coin market’s performance in 2023. This and more just below, in the latest...
US Chamber of Digital Commerce Backs Binance, Urges SEC to Drop Lawsuit
21.10.2023
In a significant move on Thursday, the U.S. Chamber of Digital Commerce, a leading crypto policymaking advocacy group, filed an amicus brief urging the U.S. Securities and Exchange Commission (SEC) to dismiss its lawsuit against cryptocurrency giant Binance. SEC’s Authority Questioned:...
Uniswap founder burns $650B HayCoin against speculation
21.10.2023
Uniswap's Hayden Adams burned 99% of the HayCoin (HAY) supply on Oct. 20 over concerns about price speculation
Ethereum Co-Founder, Consensys Sued By Early Employees Over Alleged Equity Promises
20.10.2023
More than two dozen early employees of the blockchain software company Consensys have filed a lawsuit against Ethereum co-founder Joseph Lubin, Consensys, and other parties. The plaintiffs allege Lubin broke contractual promises related to equity compensation made when the employees joined...
US SEC Obtains Default Judgment Against David Chin and Thor Technologies for Offering Unregistered Securities
20.10.2023
The United States Securities and Exchange Commission (SEC) has secured a default judgment against Thor Technologies and its Chief Executive David Chin.
In an Oct 19 statement on its website, the SEC disclosed the current status of the case after it notched the judgment against the defendants...
Biggest Movers: XRP Surges as SEC Drops Lawsuit Against Ripple’s Senior Management
20.10.2023
XRP was a big gainer on Friday, as markets reacted to the SEC’s decision to drop its lawsuit against Ripple’s management team. The commission previously alleged that CEO Brad Garlinghouse and chairman Chris Larsen had violated securities laws. Solana also surged, rising by over...
Chamber of Digital Commerce Joins Industry Leaders to Challenge SEC's Lawsuit Against Binance
20.10.2023
The Chamber of Digital Commerce has joined forces with various digital assets firms, associations, legal experts, and legislators to challenge the U.S. Securities and Exchange Commission (SEC) in its lawsuit against Binance. ...
Read More: Chamber of Digital Commerce Joins Industry Leaders...
First Mover Americas: SEC Drops Charges Against Ripple Leaders; Bitcoin and XRP Gain
20.10.2023
The latest price moves in bitcoin (BTC) and crypto markets in context for Oct. 20, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets
Former ConsenSys AG Employees Take Equity Court Case Against Founder Joseph Lubin to U.S.
20.10.2023
The 27 allege Lubin robbed them of equity in the Swiss company by transferring core assets to a U.S. entity
SEC wins default judgment against Thor Technologies and founder
20.10.2023
Thor Technologies has been instructed to pay a sum of $903,193.06, which encompasses a disgorgement of $744,555, and prejudgment interest amounting to $158,638.06
SEC Scores Default Win Against Thor Token Company and Founder David Chin
20.10.2023
The U.S. Securities and Exchange Commission (SEC) has been awarded a default judgement against Thor Technologies and its founder David Chin
XRP Registers Biggest Single-Day Gain in 3 Months After SEC Drops Charges Against Ripple's Leaders
20.10.2023
XRP gained 6.5%, the biggest single-day percentage rise since July 13
‘This will be our last post’ — LBRY throws in towel against the SEC
20.10.2023
“Thank you to everyone who fought with us for online freedom,” the LBRY Inc team said
Elon Musk, Mark Cuban Back Supreme Court Case Against SEC
20.10.2023
Tesla CEO Elon Musk and Dallas Mavericks owner Mark Cuban have jointly filed an amicus brief backing the defendants in a Supreme Court case against the U.S. Securities and Exchange Commission (SEC). “It is important that the SEC not be permitted to pick and choose whether parties are granted...
SEC Drops Lawsuit Against Ripple Executives, All Charges Dismissed — Ripple Calls It ‘a Surrender by SEC’
20.10.2023
The U.S. Securities and Exchange Commission (SEC) has dropped all charges against Ripple’s executives, CEO Brad Garlinghouse and co-founder Chris Larsen. “The SEC made a serious mistake going after Brad & Chris personally — and now, they’ve capitulated, dismissing...
SEC moves to dismiss lawsuit against Ripple's Brad Garlinghouse and Chris Larsen
19.10.2023
The civil lawsuit against the Ripple executives had been ongoing since December 2020
SEC Drops Charges Against Ripple CEO Garlinghouse, Chairman Larsen
19.10.2023
The regulator had included them as defendants in securities violation case, and the agency now says it's just pursuing Ripple for damages
FTX General Counsel gives Damning Testimony against Bankman-Fried in SBF Trial
19.10.2023
The trial against Sam Bankman-Fried continued in Manhattan federal court Thursday when Can Sun, FTX's former general counsel, took the witness stand.
The prosecution presented a robust direct examination of the Yale-educated Sun, who served as general counsel for FTX from August 2021 through...
FTX General Counsel gives Damning Testimony against Bankman-Fried in SBF Trial
19.10.2023
The trial against Sam Bankman-Fried continued in Manhattan federal court Thursday when Can Sun, FTX's former general counsel, took the witness stand.
The prosecution presented a robust direct examination of the Yale-educated Sun, who served as general counsel for FTX from August 2021 through...
Will Lawsuit Against DCG Impact GBTC’s Chances of an ETF Conversion?
19.10.2023
Analysts are speculating over whether the lawsuit might have any implications for its GBTC conversion chances