Ripple execs reveal SEC seeking $2 billion in fines, say regulator has ‘become unhinged’

Ripple CEO Brad Garlinghouse and CLO Stuart Alderoty have revealed that the SEC is seeking a staggering $2 billion in fines and penalties. According to the company’s executives, the fines have been proposed in a court filing that will be unsealed on March 26. дальше »

2024-3-26 02:11

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BlackRock’s Bitcoin ETF achieves legendary status after hitting second-largest inflows for 2024

Quick Take VettaFI’s data showcases the impressive traction of BlackRock’s IBIT, marking it as the US ETF with the second-largest inflows year to date. IBIT only trails behind the Vanguard S&P 500 ETF, which has garnered inflows of $21. дальше »

2024-3-26 01:30

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SEC begins multi-billion dollar fraud trial against Terraform Labs, Do Kwon

In a dramatic opening to a much-anticipated trial, the US SEC cast Terraform Labs and its co-founder, Do Kwon, as central figures in a vast financial deception that left investors nearly destitute following its collapse, Reuters reported on March 26. дальше »

2024-3-26 00:13

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Celsius looks to recover $2 billion withdrawn by 2% of accounts during its collapse

Bankrupt crypto lender Celsius Network is seeking the return of over $2 billion withdrawn by major customers shortly before its bankruptcy declaration in July 2022, according to a release shared with CryptoSlate. дальше »

2024-3-21 22:02

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Court sanctions SEC, orders it to cover legal fees in DEBT Box case

The US Securities and Exchange Commission (SEC) has been sanctioned over its disputed restraining order against the crypto firm DEBT Box, according to a March 18 court filing. As a result of the SEC’s misconduct, the court has mandated the commission to cover the legal fees, costs, and expenses incurred by DEBT Box. дальше »

2024-3-19 04:14

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US prosecutors want SBF to serve at least four decades in prison

Federal prosecutors have requested a prison sentence of 40 to 50 years for FTX founder Sam Bankman-Fried (SBF) following his conviction for conducting one of the most significant financial frauds in recent times through the misappropriation of over $8 billion of customer funds. дальше »

2024-3-16 23:14

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Court rules Craig Wright is Not Bitcoin creator Satoshi Nakamoto

In a landmark ruling, the UK High Court has declared that Dr. Craig Wright, an Australian computer scientist, and businessman, is not the author of the Bitcoin whitepaper, did not create the Bitcoin system, and did not operate under the pseudonym Satoshi Nakamoto from 2008 to 2011. дальше »

2024-3-14 17:11

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Bitcoin volatility becoming more focused at start of Wall Street trading week

Bitcoin prices appear to have exhibited an intriguing pattern of higher volatility on Tuesdays and Wednesdays since the launch of Bitcoin ETFs on January 11, 2024, per CryptoSlate analysis. While prices have tended to rise on Mondays, Tuesdays, and Wednesdays, there have been wilder intraday swings, with several V-shaped recoveries. дальше »

2024-3-14 16:24

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Court approves Terraforms Labs’ request to hire Dentons despite regulatory concerns

A US bankruptcy court has approved Terraform Labs’ request to retain law firm Dentons despite concerns raised by the company’s creditors and the SEC. This approval comes on the heels of Dentons’ commitment to return $48 million to Terraform, a substantial part of the retainer fee initially paid to the firm for legal services, marking […] The post Court approves Terraforms Labs’ request to hire Dentons despite regulatory concerns appeared first on CryptoSlate. дальше »

2024-3-14 01:18

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Court upholds SEC’s unregistered securities claims against Gemini, Genesis’ Earn program

A federal court denied crypto exchange Gemini and Genesis Global Capital’s joint motion to dismiss the SEC’s case regarding their defunct Gemini Earn program, according to a March 13 filing. дальше »

2024-3-14 23:31

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DCG, Silbert deny NYAG allegations, move to dismiss $3 billion lawsuit

Digital Currency Group (DCG) and its CEO Barry Silbert have filed motions to dismiss the $3 billion fraud lawsuit filed by the New York Attorney General’s Office (NYAG), arguing that the allegations levied against them are “baseless innuendo. дальше »

2024-3-7 01:26

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Terra’s Do Kwon Wins Extradition Appeal in Montenegro as Case Heads for Retrial

Kwon is facing fraud charges in the U.S. around his role in Terra's collapse. дальше »

2024-3-5 15:52

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Craig Wright claims coincidence in timing of spoofed emails as DNS records altered yesterday

The highly contentious COPA vs. Wright trial took a dramatic turn today as Craig Wright faced accusations of manipulating key evidence to support his claim of being Bitcoin’s pseudonymous creator, Satoshi Nakamoto. дальше »

2024-3-3 17:47

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Gemini agrees to return $1.1 billion to Earn customers as part of NYDFS settlement

The New York State Department of Financial Services (NYDFS) reached a settlement agreement with Winklevoss-owned crypto exchange Gemini. The NYDFS announced the settlement in a press release published on Feb. дальше »

2024-2-29 01:49

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Coinbase Made an Arbitration Case to the U.S. Supreme Court – Again

Crypto exchange Coinbase again led a legal charge on the ins and outs of arbitration in the U.S. Supreme Court on Wednesday. The latest case isn't about digital assets, directly, but it may be important for every modern consumer who buys, registers or contracts for a product or service – and for the businesses trying to stay out of court. дальше »

2024-2-29 23:54

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Never-before-seen Satoshi Nakamoto emails add several details to Bitcoin’s origin lore

Private email correspondence between the pseudonymous Bitcoin creator Satoshi Nakamoto and an early contributor to the project, Martii Malmi, has shed further light on the origin story of the flagship crypto and its creator’s earliest thoughts about the future. дальше »

2024-2-24 02:14

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Adam Back files previously unseen Satoshi Nakamoto emails in Craig Wright trial

Adam Back has submitted his early correspondence with Bitcoin creator Satoshi Nakamoto to a UK court as part of his testimony in the Crypto Open Patent Alliance (COPA) vs. Craig Wright trial on Feb. дальше »

2024-2-23 04:32

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DCG files objection to Genesis, NYAG settlement

Digital Currency Group (DCG) has filed an objection to a recent settlement agreement between its bankrupt subsidiary, Genesis, and the New York Attorney General’s Office (NYAG). The objection, submitted on Feb. дальше »

2024-2-23 01:27

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Alex Mashinsky wants to continue retaining SBF’s defense lawyers for his trial

Celsius co-founder and ex-CEO Alex Mashinsky intends to rely on the same lawyers used by former FTX CEO Sam Bankman-Fried (SBF) to defend him against the criminal charges filed by the Department of Justice’s Southern District of New York (SDNY) in July 2023, Bloomberg News reported on Feb. дальше »

2024-2-21 02:47

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Swiss Crypto Hedge Fund Tyr Capital Clashes With Client Over FTX Exposure: FT

Tyr investor TGT has brought claims against the hedge fund that it ignored several warnings over its ties with FTX. дальше »

2024-2-21 10:02

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FTX secretly used Deltec Bank to create and sell Tether for profit, lawsuit alleges

FTX companies created and profited from Tether through an arrangement with a partner bank, according to a court case described by Bloomberg on Feb. 17. The case quoted Caroline Ellison, former CEO of Alameda Research, as stating: “Alameda could create USDT on credit through the unofficial Deltec Line of Credit and sell that USDT for […] The post FTX secretly used Deltec Bank to create and sell Tether for profit, lawsuit alleges appeared first on CryptoSlate. дальше »

2024-2-18 04:06

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Forgery, plagiarism, and ninja costumes: The bizarre battle over Bitcoin’s origins

The Crypto Open Patent Alliance (COPA) versus Dr. Craig Wright trial has been going on for ten days, with both sides refuting the other’s claims. The trial seeks to disprove Wright’s claim that he is the pseudonymous creator of Bitcoin — Satoshi Nakamoto. дальше »

2024-2-18 01:30

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US prosecutors ask judge to approve Binance plea deal

US prosecutors filed a sentencing memo on Feb. 16 asking a federal judge to sign off on the Binance plea deal, Bloomberg News reported. In November 2023, Binance and its former CEO Changpeng Zhao (CZ) pled guilty to charges of money laundering and sanctions violations. дальше »

2024-2-18 20:00

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Changing Regulatory Dynamics For Bitcoin ATMs

Shifting regulatory landscapes are starting to produce regulation models that present an increasing burden for small scale Bitcoin ATM operators. дальше »

2024-2-16 17:00

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ENS considering $300k settlement over eth.link litigation

ENS Labs has shared a $300,000 settlement offer from Manifold Finance to resolve a contentious dispute over the eth. link domain name with the decentralized autonomous organization (DAO) governing the platform. дальше »

2024-2-14 23:35

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Bitcoin ETF inflows in US mark largest price boost since approval

Quick Take An in-depth analysis of Bitcoin price variations across different regions, based on a 30-day metric, reveals intriguing patterns. The data from 8 am to 8 pm in Eastern, Central European, and China Standard Time provides insights into regional influences on Bitcoin price changes during typical work hours. дальше »