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The United States’ Securities and Exchange Commission (SEC) is reportedly taking action against Celsius Network, one of the cryptocurrency lending firms that collapsed in 2022.The securities regulator filed a lawsuit against Celsius’ former CEO Alex Mashinsky on July 13, according to a report by Bloomberg. Details of the complaint weren’t
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Bankrupt crypto lender Celsius Network has filed a lawsuit against liquid staking platform StakeHound after the company allegedly failed to return $150 million worth of tokens owned by Celsius. According to a court document filed by Celsius, the company placed 40 million Polygon (MATIC), 66,000 Polkadot (DOT), 25,000 staked native Ether
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Cryptocurrency exchange Gemini has filed a lawsuit in a New York court against DCG (Digital Currency Group) and Barry Silbert. Cameron Winklevoss, the co-founder of Gemini, alleged in a tweet published today, June 7, that Silbert
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United States-based cryptocurrency exchange Gemini has announced legal action against the conglomerate Digital Currency Group (DCG) and its CEO Barry Silbert, claiming “fraud against creditors”.In a July 7 filing in a New York court, Gemini alleged DCG and Silbert engaged in a scheme involving lending “huge amounts of cryptocurrency and
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied BlackRock has submitted a new application for a bitcoin spot market ETF after the SEC identified flaws in its initial filing. If approved, this would mark the first bitcoin spot ETF to receive regulatory clearance. In a
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Bankrupt crypto exchange FTX has taken legal action by filing a lawsuit against a former aide to Hillary Clinton and the aide’s investment firm. The exchange seeks to reclaim $700 million in investments that it alleges
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Li Lin’s company, X-Spot Co. Limited, has taken legal action against Huobi Global, filing a trademark infringement lawsuit in the High Court of Hong Kong. The lawsuit alleges that Huobi Global resumed using the “Huobi” trademark without
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“Along with my colleagues at Brown Rudnick, we are proud to represent Mike Dudas in defense of this lawsuit filed by 3 Arrows Capital’s ‘ecosystem partner’ OPNX,” crypto attorney Stephen Palley told CoinDesk. “In order to prove defamation you have to show, among other things, reputational damage. We look forward
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In the latest episode of The Market Report, Cointelegraph analyst and writer Marcel Pechman explains what’s behind Bitcoin (BTC) reaching 50% crypto market dominance for the first time in two years amid Blackrock’s spot exchange-traded fund (ETF) filing, and the United States Securities and Exchange Commission’s crackdown on altcoins.According to Pechman, it
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A Chapter 11 plan for bankrupt Bitcoin (BTC) miner Core Scientific has been filed in line with its Chapter 11 proceedings.The plan was filed in the United States bankruptcy court for the Southern District of Texas Houston Division. The plan was negotiated with key stakeholders and according to the filing,
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