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During the past week, Coinbase and Binance encountered challenges due to increased regulatory scrutiny, coinciding with bearish market conditions following the US Securities and Exchange Commission’s (SEC) charges. Binance faced additional regulatory obstacles on a global scale, while its US-based counterpart, Binance.US, successfully settled with the SEC, preventing a complete
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MachiBigBrother has sued ZachXBT for an investigation the latter published in June 2022 alleging the trader stole tens of millions of dollars worth of crypto. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Following a lawsuit, CoinEx, a cryptocurrency platform, has been prohibited from conducting operations in both New York and the US. The firm was then ordered to pay $1.7 million in penalties and refunds to affected individuals
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Criminal charges against FTX co-founder Sam Bankman-Fried have been split, with the former CEO now facing two separate trials for his alleged mismanagement of the crypto exchange.Bankman-Fried is facing a total of 13 charges relating to fraud, fraud conspiracy and bribery. A trial for all the charges was scheduled to
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The investors highlighted movements of the ASTRA tokens they characterized as suspicious. “Our most pressing concern, however, pertains to token movements. The address associated with the creation of the Astra token repeatedly transfers substantial sums to CEXs, suspiciously timed just prior to new announcements and invariably followed by a significant
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Some creditors are unhappy with the revealed plan and have expressed their opposition. Insolvent crypto lending platform, Celsius, has filed an updated plan to exit bankruptcy with the help of crypto consortium Fahrenheit. However, the plan faces opposition from creditors who are unhappy with the deal and want their money back. Celsius’
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The recent lawsuit against Twitter for alleged copyright infringement involving music publishers has shed light on the platform’s struggles with music licensing. Social media giant Twitter Inc is no stranger to controversy, but this time it finds itself in hot water as music publishers have filed a lawsuit against the
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Coinbase Chief Legal Officer, Paul Grewal, wasted no time addressing concerns related to his employer’s recent charges by the Securities and Exchange Commission (SEC). Just hours after the SEC’s allegations of securities law violations against
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“Siloing creditors into subordinated classes outside of the confirmation hearing is improper,” the government’s filing said. The Bittrex companies “have not demonstrated why the issues of ownership of cryptocurrency assets needs to be determined prior to the confirmation of the [bankruptcy] plan.” Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Kraken is experiencing delays in deposits and withdrawals due to issues with multiple crypto funding gateways such as bitcoin (BTC), ether (ETH), and ERC20. On June 6, Kraken announced that it is addressing an issue causing delays
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