U.S. Supreme Court Loss for Coinbase Leaves Company with Mixed Record

2024-5-26 20:43

The U.S. Supreme Court ruled against Coinbase Inc. (COIN) in its dispute over which legal agreement should hold sway when parties are under two distinct contracts and the first of them calls for arbitration, finding the company's case was "unpersuasive" and that the courts need to work those questions out when they arise.

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Matter Labs Founder Proposes An Ethereum Supreme Court, What Is It About

The crypto community has been lit abuzz over a decentralized ‘Ethereum Supreme Court’ proposed by Matter Labs Founder to resolve on-chain disputes.  Matter Labs Ethereum Supreme Court For Decentralized Justice Alex Gluchowski, Founder and CEO of Matter Labs, a technology company specializing in layer 2 scaling solutions, has presented a new innovative approach to solving […]

2023-9-5 22:00


Ôîòî:

US Supreme Court rules in favour of Coinbase

In a partisan ruling on June 23, the US Supreme Court ruled in favour of the cryptocurrency exchange Coinbase, putting an end to legal actions brought against it in two California cases. In the class-action lawsuits, the plaintiffs claimed Coinbase failed to offer adequate relief after users lost money and that the company had engaged […] The post US Supreme Court rules in favour of Coinbase appeared first on Invezz.

2023-6-23 19:44


Bitfinex Feels The Heat, But LEO Is Burning As Planned

iFinex, the company behind Bitfinex, is under more pressure after the New York State Supreme Court judged that the exchange was in the New York Attorney-General’s (NYAG) Office’s jurisdiction. But that isn’t getting in the way of business: yesterday, Bitfinex completed its burn of nearly 40,000 LEO tokens (US$53,600), as part of a continuous process […] The post Bitfinex Feels The Heat, But LEO Is Burning As Planned appeared first on Crypto Briefing.

2019-8-20 19:39


D-Day in Bitfinex Trial — Will Bitcoin Price React?

Monday’s judgment in the legal tussle between the New York Attorney General (NYAG) and Bitfinex might have some short-term effect on the Bitcoin price. All Eyes on Monday’s Trial Outcome As previously reported by Bitcoinist, the Supreme Court of the State of New York will resume hearing on the case between the NYAG and bitcoin exchange platform Bitfinex on Monday (July 29, 2019).

2019-7-29 17:00


Ôîòî:

Tether and Bitfinex Ask New York Attorney General for Fund Accessibility

Attorneys for Tether and Bitfinex are hoping to get the former access to its reserves amid a legal dispute with New York Office of the Attorney General (NYOAG). In a letter sent to the New York County Supreme Court, attorneys representing iFinex (the parent organization of Bitfinex) and Tether took issue with the restrictions that had been placed on Tether's transactions with related parties as part of an ongoing case against them, stating that the NYOAG had no basis for disallowing tether (USDT) holders and other affiliated entities from redeeming their tokens.

2019-5-16 18:51


Ôîòî:

Bitfinex Faces Legal Action From NY Attorney General: Here’s What This Means

The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million.

2019-4-27 01:30


Korea’s Biggest Actor Invests in Crypto and That’s a Big Deal for Asian Markets

Bae Yong-joon, arguably the most influential and widely recognized actor in South Korea featured in films like Winter Sonata and The Legend, invested in a local crypto startup called Seamon. Importance of a Public Figure Investing in the Crypto Space in South Korea According to Hankyoreh, a mainstream media outlet in South Korea, Seamon is co-founded by the Norway-based Ocean Supreme, the most dominant company in the Japanese Salmon market.

2019-3-13 17:12


Blockchain Will Be Brought Onto Satellites by Cryptocurrency Exchange to Help Adoption in Developing Countries

A new cryptocurrency exchange has partnered with a satellite operator to give blockchain access to people without the internet in developing countries. Supreme Global Holdings (SGH) has launched a new cryptocurrency exchange, SupremeCrypX and is partnering it with its satellite operator company SupremeSAT.

2018-12-21 16:45


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OpenAI counters Musk’s lawsuit by highlighting his past profit advocacy

OpenAI has countered Elon Musk’s recent lawsuit, emphasizing that the billionaire had previously advocated for the company’s shift to a for-profit structure. Musk, one of OpenAI’s co-founders, has accused the AI company of abandoning its nonprofit roots, filing a fresh lawsuit in August after withdrawing an earlier complaint.

US gov told banks to suppress crypto, Coinbase documents show

Internal Federal Deposit Insurance Corporation communications suggest the agency deliberately limited U.S. banks’ involvement with crypto businesses in 2022. These communications, brought to light by Coinbase, highlight how regulatory ambiguity has fueled tension between crypto firms and federal banking authorities.…