Terraform Labs Founder Hires Dentons, World’s Largest Law Firm, Amidst Investigation
The founder of Terraform Labs hired the world's largest law firm Dentons to represent the businessman during the investigation by the U.S. Attorney's Office. This is not the first time Do Kwon has used the services of Dentons. Businessman hired company attorneys to challe ...
Digital Currency Group to Close TradeBlock Institutional Trading Platform
This platform is for institutional clients It will close operations on May 31 Cause of tough market conditions Digital Currency Group (DCG) will close its institutional trading platform TradeBlock on May 31 due to a tough market and tightening U.S. re ...
Shaquille O’Neal Faces Lawsuit Over Cryptocurrency Exchange Promotion and NFT Project
The basketball star has been hiding from lawyers for months He is accused of advertising a cryptocurrency exchange Also O'Neal will answer for his NFT project Shakil O'Neal finally received documents about his participation in the FTX lawsuit. He was ...
Founder of Heisenberg Capital Agrees with SEC Chairman on Crypto-Assets as Securities, Bitcoin Advocate Supports Ruling
Founder of Heisenberg Capital agreed with the SEC chairman that all crypto-assets except bitcoin should be considered securities. Bitcoin advocate Max Keiser sided with Gary Gensler, saying that all altcoins, including XRP and ETH, are securities. The businessman noted t ...
SEC Requests Reduced Fine for LBRY Due to Lack of Funds
The U.S. Securities and Exchange Commission (SEC) has asked the court to reduce the fine for decentralized platform LBRY from $22 million to $111,614 because of LBRY's lack of funds. According to a document filed by the agency in the District Court of New Hampshire, the S ...
Coinbase CEO Warns of Possible Withdrawal from US Crypto Market
During a Fintech Week event in London, Brian Armstrong, the CEO of Coinbase, stated that the company may have to consider withdrawing from the US market if the lack of regulatory clarity in the crypto industry persists. Armstrong believes that the US has the potential to become a significant mark ...
US Securities and Exchange Commission Sues Bittrex Crypto Exchange Over Unregistered Securities
The Bittrex crypto exchange and its co-founder, William Shikhara, are facing legal action from the US Securities and Exchange Commission (SEC). The regulator has filed a lawsuit in the US District Court for the Western District of Washington, claiming that Bittrex allowed the trading of six crypt ...
US SEC Warns Coinbase of Possible Enforcement Action for Selling Unregistered Securities
The US Securities and Exchange Commission (SEC) has issued a warning to Coinbase, a popular cryptocurrency exchange, indicating that it could face enforcement action for selling unregistered securities. According to Coinbase management, the SEC's notice pertains to an unspecified portion of digit ...
Investors sue Bitboy Crypto owner for promoting bankrupt FTX exchange
A group of investors has recently filed a class-action lawsuit against Ben Armstrong, the owner of Bitboy Crypto, for allegedly promoting the bankrupt cryptocurrency exchange FTX. The lawsuit, which was filed in the District Court for the Southern District of Florida, names several other defendan ...