SEC urges court to reject Coinbase’s demand for regulatory clarity

Coinbase requested the US Securities and Exchange Commission (SEC) to clarify how the country’s securities laws apply to crypto. The regulatory watchdog claims that the exchange’s demand is baseless and unwarranted. дальше »

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Coinbase CEO reacts as SEC shuns need for crypto rules in its lawsuit

The U.S. SEC has stated that any crypto rulemaking could take years, so, for now, enforcement actions will suffice. The securities regulator made the remarks in its court filing in response to The post Coinbase CEO reacts as SEC shuns need for crypto rules in its lawsuit appeared first on AMBCrypto. дальше »

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BlockFi Creditors Say Crypto Lender Was a Victim of Bad Management

The creditors committee said in a court filing that BlockFi was pressing a “false case narrative” by portraying itself as a victim, and more blame should be placed on its management. дальше »

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Coinbase Hasn't Proven SEC Needs to Create Crypto-Specific Rules, Regulator Says

The U.S. Securities and Exchange Commission (SEC) told an appeals court that crypto exchange Coinbase hadn't proven the regulator needs to create a new regulatory framework for the digital asset industry late Monday. дальше »

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SEC files to reduce LBRY’s multi-million dollar fine to $111K

The U. S. Securities and Exchange Commission (SEC) aims to reduce a fine that it previously tried to impose on LBRY, according to a May 12 court filing. SEC will reduce fine, enjoin LBRY The SEC, with court permission, will withdraw its prior request for disgorgement and instead impose a civil penalty of $111,644. дальше »

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BlockFi Claims Against FTX, Alameda 'Largest Driver' of More Than $1B in Asset Recoveries, Firm Says

The litigation supporting claims against its commercial counterparties is set to make a difference "in excess of $1 billion" to creditors, court filings say. дальше »

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XRP Lawsuit Sees New Twists And Turns As Ripple’s Counsel Exposes SEC’s Slippery Slope in Crypto Regulation

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Ripple [XRP] retail holders may be gearing up for a rally, here’s why

Some holders were not leaving any chances open before an XRP uptrend started. Developers continued their contribution despite the lingering court case. The tides have changed for the assets The post Ripple [XRP] retail holders may be gearing up for a rally, here’s why appeared first on AMBCrypto. дальше »

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Ripple Chief Legal Officer Counters SEC Case That XRP is a Security

Pointing to Supreme Court precedent, Ripple's chief legal officer said the SEC's ground for characterizing XRP as a security are flawed. The post Ripple Chief Legal Officer Counters SEC Case That XRP is a Security appeared first on BeInCrypto. дальше »

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Montenegro court releases Terra founder Do Kwon on $436k bail

Terraform Labs founder Do Kwon and his former chief financial officer Han Chong-Joon have been granted bail by a court in Montenegro. According to media reports, the court decided to release Kwon and Han to house arrest under police supervision on… дальше »

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Ex-FTX compliance chief confirms celebrity promotional activity originated in Florida

FTX. US’ former chief compliance officer Daniel Friedberg has provided evidence confirming that the promotional activity involving celebrities originated in Florida, according to May 11 court filings. дальше »

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Terraform Labs Founder Do Kwon Released on Bail on Passport Fraud Charges

A Montenegrin court has granted bail to Terraform Labs founder Do Kwon, who faces charges of passport fraud in addition to more serious charges from governments seeking his extradition. The post Terraform Labs Founder Do Kwon Released on Bail on Passport Fraud Charges appeared first on BeInCrypto. дальше »

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Do Kwon granted bail at €400,000 – against prosecutors wishes

Terraform Labs co-founder Do Kwon will be released on bail alongside company CFO Han Chong-Joon — against the wishes of prosecutors. The Montenegro court has set a fee of €400,000 ($436,000) per person, according to Bloomberg. дальше »

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Terra Luna founder Do Kwon’s bail terms officially accepted by Montenegro court

The Montenegro court accepted the offered bail of $436,000 per person for Do Kwon and his former aide Han Chang-joon.

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US Chamber of Commerce sides with crypto industry, blasts SEC

The U.S. Chamber of Commerce has sided with Coinbase and the crypto industry, blasting the Securities and Exchange Commission (SEC) over its regulatory approach. In a May 9 court filing, the advocacy group presented several critical arguments about how the SEC deliberately muddied the waters by claiming sweeping authority over digital assets — while deploying […] The post US Chamber of Commerce sides with crypto industry, blasts SEC appeared first on CryptoSlate. дальше »

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SEC Slammed By U.S. Chamber Of Commerce For Regulatory Approach To Cryptocurrencies In Coinbase Filing

A court filing by the Chamber of Commerce found that the SEC’s slow and unclear regulatory actions have hampered innovation. дальше »

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Terraform labs Do Kwon co-founder pleads not guilty to passport fraud in Montenegro

Do Kwon, co-founder of Terraform Labs, entered a not-guilty plea in a Montenegrin court on May 11. Kwon was accused of utilizing forgeries of Belgian and Costa Rican passports. дальше »

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French citizen jailed for buying car illegally with bitcoin in Morocco

A 21-year-old French citizen has been sentenced to 18 months in prison and fined €3.4 million for using cryptocurrency, deemed illegal by Morocco, according to court records. дальше »

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Distressed Bittrex to borrow bitcoin to fuel bankruptcy proceedings 

The US Bankruptcy Court for the District of Delaware has given Bittrex crypto exchange the go-ahead to borrow an initial 250 BTC ($6.8 million at current prices) to fuel its bankruptcy proceedings. Bittrex filed for bankruptcy in the US on… дальше »

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South Korean Authorities Freeze $176M Worth of Do Kwon’s Personal Fortune

Coinspeaker South Korean Authorities Freeze $176M Worth of Do Kwon’s Personal Fortune Seoul Southern District Court has now issued a court order that prohibits the sale of several of Do Kwon's properties. дальше »

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Bittrex to receive 250 BTC loan valued at $7M to start bankruptcy case

A U. S. bankruptcy judge has approved Bittrex’s request for a $7 million loan from its parent company, Reuters said on May 10. Bittrex to gain $7M loan, possibly more Judge Brendan Shannon said during a court hearing that Bittrex will be allowed to borrow 250 BTC, an amount currently worth $7 million. дальше »

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SBF says most charges against him ‘suffer from multiple legal flaws’

FTX founder Sam Bankman-Fried filed pretrial motions to dismiss 10 of the 13 charges against him, according to a May 8 court filing. According to a memorandum of law filed by the SBF lawyers, the prosecutors hastily charged their client in a rush to judgment. дальше »

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FTX Founder Sam Bankman-Fried Challenges Indictment, Request Charges Be Dropped

Crypto exchange FTX founder Sam Bankman-Fried has challenged the indictment against him and asked a judge to throw the charges out of court. The post FTX Founder Sam Bankman-Fried Challenges Indictment, Request Charges Be Dropped appeared first on BeInCrypto. дальше »

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Bittrex files for US bankruptcy; will not halt global operations

Bittrex announced the bankruptcy of its U. S. entity on May 8. The company said that it has decided to file for Chapter 11 bankruptcy in federal court in Delaware. It said that this decision only affects Bittrex Inc. дальше »

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Chinese court allows settling debts in crypto

The Supreme Court of China recently revised its guidelines for cryptocurrency-related disputes, permitting the use of digital assets for debt settlement. This could indicate a change in the nation’s perspective on digital currencies. дальше »

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Eligible Celsius users can withdraw all 'Distributable Custody Assets' following court approval

Certain Celsius users, largely those who only ever held funds in custody accounts, had previously been limited to withdrawing up to 94% of their funds. дальше »

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Craig wright in trouble, US judge finds evidence of contempt

A $143m dispute over the ownership of bitcoin has led to a US judge ruling that Craig Wright, who claims to be the founder of Bitcoin, has acted in contempt in court proceedings дальше »

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Craig Wright in trouble, US judge finds evidence of contempt

A $143m dispute over the ownership of bitcoin has led to a US judge ruling that Craig Wright, who claims to be the founder of Bitcoin, has acted in contempt in court proceedings дальше »

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FTX.US Gets Court Approval to Sell LedgerX at 83% Loss

FTX.US has received approval to sell LedgerX to Miami International Holdings for $50 million. The sale will be made at a loss of 83% FTX. The post FTX.US Gets Court Approval to Sell LedgerX at 83% Loss appeared first on BeInCrypto. дальше »

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Judge Upholds Freeze on SpartacusDAO's $35M in Lawsuit Served Via Discord, NFT

Activist investors are suing the leader of SpartacusDAO. He hasn't shown up in court after ignoring multiple attempts to serve him. дальше »

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SEC Must Respond to Coinbase Rulemaking Petition in 10 Days, Says Court

Coinbase may finally know in 10 days whether the SEC will create new rules for crypto. The post SEC Must Respond to Coinbase Rulemaking Petition in 10 Days, Says Court appeared first on BeInCrypto. дальше »

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Court ruling favors Coinbase in legal battle with SEC over crypto regulations

A recent ruling by the Third Circuit Court of Appeals has given Coinbase an advantage in its legal battle with the SEC over allegations of offering unregistered securities products дальше »

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SEC vs Coinbase: This latest order may compel the SEC to make a move

The Third Circuit Court of Appeals ordered the SEC to file a response to the mandamus petition entered by Coinbase. In the next ten days, the SEC will have to clarify if it will comply with CoiThe post SEC vs Coinbase: This latest order may compel the SEC to make a move appeared first on AMBCrypto. дальше »

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Bloomberg, others ask court to release FTX customer details

Four traditional media houses — Bloomberg, Dow Jones, The New York Times, and Financial Times — have filed objections against redacting information of non-U. S. customers of the bankrupt exchange FTX’s. дальше »

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U.S. Court Orders SEC to Respond to Coinbase Allegations Within 10 Days

Coinbase last week argued that the SEC is providing insufficient regulatory guidance for U.S. companies operating in the crypto sector. дальше »

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FTX seeks to recover nearly $4b in bankruptcy case

In a court petition published on May 3, insolvent crypto exchange FTX claimed insolvent Genesis Global Capital owed it roughly $4 billion. According to the lawsuit, Genesis was “largely repaid” the roughly $8 billion it lent to Alameda Research, a… дальше »

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SEC has 10 days to respond to Coinbase complaint: Legal exec

Coinbase’s legal battle for regulatory clarity over the trading of digital crypto assets saw a development as a U.S. court responded to its complaint against the SEC. дальше »

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Court asks SEC to reply Coinbase in 10 days

The U. S. Securities and Exchange Commission (SEC) has been ordered to reply to Coinbase’s legal action within 10 days. In a May 3 tweet, Coinbase’s chief legal officer Paul Grewal revealed that a Third Circuit court issued a text-only order that directed the financial regulator to file a response to the exchange’s mandamus petition. дальше »

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FTX Seeks to Claw Back Nearly $4B in Ongoing Bankruptcy Case

Bankrupt crypto exchange FTX wants to claw back nearly $4 billion in funds from similarly bankrupt Genesis Global Capital, the company said in a court filing Wednesday. дальше »

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Ex-OpenSea Exec Convicted of Wire Fraud, Money Laundering in Insider Trading Case

Nate Chastain, the former head of product at non-fungible token (NFT) platform OpenSea, was convicted of money laundering and wire fraud in a New York court on Wednesday, according to a report from Reuters. дальше »

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Robinhood returns to court to defend position in case brought by US state regulator

The Massachusetts Secretary of the Commonwealth's office filed a complaint against Robinhood in December 2020 alleging the platform was in violation of the state’s fiduciary duty standards. дальше »

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Mashinsky argues Celsius Earn account are not securities

Celsius co-founder and former CEO Alex Mashinksy said Celsius Earn’s accounts are not securities in his defense of the New York’s attorney general charges against him, according to a May 2 court filing. дальше »

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Insider trading lawsuit filed against Coinbase executives and board members

A lawsuit filed in a state court in Delaware alleges that Coinbase's top executives enriched themselves by $1.09 billion by not disclosing negative information about the company. дальше »

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Lawyers, consultancy firms charge bankrupt FTX over $145M in 5 months

Consultancy firms and lawyers handling FTX’s bankruptcy have charged the failed exchange over $145 million for their five-month services, according to court filings. The companies involved in FTX’s bankruptcy case include law firms Sullivan & Cromwell, Landis Rath & Cobb, and Quinn Emanuel Urquhart & Sullivan. дальше »

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Coinbase executives saved $1B by dumping stocks ahead of bad news, a lawsuit alleges

Coinbase investor Adam Grabski filed a lawsuit in the Delaware Chancery Court on May 1 claiming that certain Coinbase executives and board members used inside information to avoid losses from Coinbase stock sales, Bloomberg reported. дальше »

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XRP-Friendly Lawyer Says Ripple May Consider New Settlement Terms

In midst of ongoing Ripple-SEC lawsuit, XRP-friendly lawyer has suggested that Ripple may be open to considering new settlement terms depending on court's ruling дальше »

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SEC Fines Coinme $4M: Crypto Crackdown Continues

Hot off the back of a court victory over Hydrogen Technology, the SEC has announced fines against Coinme and its CEO. The post SEC Fines Coinme $4M: Crypto Crackdown Continues appeared first on BeInCrypto. дальше »

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Visa stablecoin plan, debt’s ceiling effect on Bitcoin price: Hodler’s Digest, April 23-29

Circle launches cross-chain transfer protocol, Visa shares plans for stablecoin product, Kraken fights back in court, and more.

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Genesis Bankruptcy Parties Agree to 30-Day Mediation Period

The process can start once the parties agree on a mediator and submits an order to the U.S. bankruptcy court. дальше »

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CFTC fines South African CEO $3.4B over Bitcoin MLM scheme

The U. S. Commodity Futures Trading Commission (CFTC) said on April 27 that it has obtained a court judgment against a CEO involved in Bitcoin-related fraud. CEO was involved in Bitcoin MLM The case in question concerns Cornelius Johannes Steynberg of South Africa, who was the founder and CEO of Mirror Trading International Proprietary Limited (MTI). дальше »

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