FTX's lawyers have revealed that the crypto exchange may be restarted next year using the funds belonging to the bankrupt firm's creditors. The news sent native token FTT soaring over 80%.
Cameron Winklevoss has accused Digital Currency Group's founder Barry Silbert of playing dumb in response to the latter's motion to dismiss the fraud lawsuit filed by Gemini.
TL;DR According to a U.S judge, the stock trading platform Robinhood Markets Inc should face market manipulation claims. This lawsuit was one of many brought against the platform after it temporarily barred customers from purchasing stocks back in Jan 2021, such as GameStop and AMC. Robinhood prices surged in May...
Kik has filed a report today containing a point-by-point rebuttal of the US Securities and Exchange Commission (SEC)’s arguments, vehemently denying the core allegation that the company orchestrated an unregistered securities offering. Kik recently released the cryptocurrency known as Kin in 2017, with a stated goal of creating a platform...
Summary: The U.S. SEC could launch a new policy for hedge funds as crypto adoption grows. Hedge funds might soon be required to report on their exposure to cryptocurrencies. Such firms would do so through the so-called Form PF. Gary Gensler said the move could provide more insight into the...
FBI Suspects Insider Trading Over Long Blockchain The blockchain and crypto industry was undoubtedly weird in 2017. Back then, “entrepreneurs” and “investors” were trying anything to make a quick buck, even if it meant proverbially sacrificing their soul to the Bitcoin devil. One case saw the then Long Island Iced...
It seems that the U.S. Securities and Exchange Commission (SEC) is renewing its crackdown on crypto, a space which they may see believe is rife with rule-breaking. Altcoin Project Veritaseum Slammed by SEC Announced just hours ago, during the wee hours of Tuesday morning, the regulator has filed an emergency...
Banks within Israel have continued to be uncooperative with cryptocurrency as traders report an inability to deposit profits. Israeli media firm Haaretz reports that approximately $86 million in unpaid taxes resulting from cryptocurrency earnings have amassed due to the banks’ stubborn refusal to accept deposits. As investigated by Haaretz, the...
In response to Coinbase's mandamus petition, the U.S. Securities and Exchange Commission has indicated that it will continue using enforcement actions as a substitute for rulemaking for the crypto industry.
