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Azuki DAO rebrands to ‘Bean’ as it drops lawsuit against founder

Update - November 25 11:45 AM UTC: This article was updated after receiving a clarification statement from an Azuki DAO spokesperson regarding its token distribution plan. Azuki DAO, an unofficial community decentralized autonomous organization surrounding the namesake nonfungible token collection, has announced its rebranding to “Bean" as it drops a proposed

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Legal victory for Tether and Bitfinex as plaintiff drops lawsuit

Cryptocurrency stablecoin company Tether shared on X that the plaintiff had ended the appeal in the multi-year courtroom battle. Tether initially denied allegations of misconduct via a written statement one day before the lawsuit was filed in 2019. A conclusion of legal proceedings In a blog post on the Tether website, the stablecoin issuer

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Bitcoin (BTC) Price Drops 4%, Ether (ETH) Price Declines 6% as Crypto ETF Momentum Stalls with SEC Likely Delay, Analyst Says

"ETF speculation is front and center for now, but the store of value narrative still holds and will give the asset a resilient and increasing floor," Noelle Acheson, author of the Crypto Is Macro Now newsletter, noted in an email to CoinDesk. "I very much doubt that the recent sell-off

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Bitget drops plans to seek crypto license in Hong Kong

Cryptocurrency trading platform Bitget has dropped plans to obtain a Virtual Asset Trading Platform (VATP) license in Hong Kong, citing business and market-related considerations.Bitget officially announced on Nov. 13 that its Hong Kong division, BitgetX, accessible by the domain BitgetX.hk, will cease operations by Dec. 13, 2023.As Bitget decided not

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Robinhood’s Crypto Trading Revenue Drops by 55% in Q3 2023

Despite some setbacks, Robinhood remains committed to the crypto space. Investing app Robinhood saw its crypto trading revenue drop further in the third quarter of 2023. While the company’s net gains increased by 29% year-over-year to $467 million, its transaction-based income decreased. According to the quarterly report, the crypto trading revenue plummeted

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