Summary: Elon Musk has filed a countersuit against Twitter over the now uncertain $44 billion deal. The lawsuit was filed late Friday, July 29th, a few hours after a Judge set October 17th as the beginning of Twitter’s case against him. Tesla’s CEO and SpaceX founder, Elon Musk, has counter-sued...
A Bahamian Magistrate has ruled that Sam Bankman-Fried will not be extradited to the United States as of now. The former FTX CEO was expected to give up his extradition fight in court today.
President Volodymyr Zelenskyy signs virtual asset law as Ukraine looks to regulate crypto exchanges and maintain funding routes for defense efforts against Russia.
The prosecutor heading the probe into Do Kwon and Terraform Labs believes that Do Kwon may be handed a record 40 year prison sentence. The Terra founder could then be extradited to the US to face trial and serve a separate jail term if convicted.
In brief: Since news broke of the extensive spread of the Coronavirus, Bitcoin (BTC) has had an uncanny correlation to the traditional stock markets. A recent report by the team at Santiment shows that Bitcoin’s correlation to the S&P 500 is at a 2 year high. The report went on...
Quick take: The OCC has formally given the green light for US banks to offer crypto custody solutions for their customers. Bitcoin (BTC) and Ethereum (ETH) have rallied as a result. US Banks being allowed to offer crypto custody is bullish for they will provide faster fiat onramps. Bitcoin and...
In summary: Bitcoin’s sell-off from yesterday has continued. A crypto-wide sell-off has seen Ethereum battling to maintain the $200 psychological level. The 200 Day moving average still provides a level of hope for ETH. Yesterday’s news of the movement of 50 Bitcoin (BTC) from the early 2009 Satoshi era, caused...
In brief: Ripple CEO, Brad Garlinghouse, has requested US regulators to step up and lean into digital assets. The current complacency by US regulators concerning digital assets will set back the United States as China leads the way in embracing crypto and digital fiat payments. Users of XRP want to...
As hyperinflation grips Lebanon, the locals have turned towards decentralised mechanisms like cryptocurrencies to sustain their livelihood in the long run. Lebanese citizens have started accepting digital crypto payments, which have now become an integral part of their day-to-day lives. Lebanese Locals Warms Up To Crypto Lebanese citizens, according to...
The UK House of Commons Treasury Committee has published a report compelling the government to regulate trading of unbacked crypto as gambling rather than financial activity.
In brief: Judge Kathaleen McCormick, who is handling the Twitter lawsuit against Elon Musk, has set an October hearing for the case. Elon Musk, through his lawyers, had sought to push the lawsuit to February 2023. Judge McCormick’s decision was made via Zoom as she had earlier been diagnosed with...
