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Venture capital firm Paradigm has criticized the United States Securities and Exchange Commission (SEC) for bypassing the standard rulemaking procedures in its current legal action against the cryptocurrency exchange Binance.In a statement released on Friday, Sept. 29, Paradigm stated the SEC is attempting to use the allegations in its complaint
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The latest price moves in bitcoin (BTC) and crypto markets in context for Sept. 29, 2023. First Mover is CryptoX’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
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The British law firm that represented Diana, Princess of Wales, is now going after OneCoin masterminds. Mishcon de Reya, a London-headquartered international law firm, is about to file a class-action lawsuit on behalf of OneCoin investors who suffered losses as a result of the crypto fraud. In a press release published on
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The defunct cryptocurrency exchange FTX filed a lawsuit on Sept. 21 against former employees of Hong Kong-incorporated company Salamde affiliated with the FTX group, according to court documents. The court filing says FTX seeks to recover $157.3 million that it claims was fraudulently withdrawn in the timespan leading up to the
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"Indeed, since 2019, Congress has considered more than a dozen proposals that would provide a coherent and workable framework for crypto assets and their trading platforms," the filing said. "Critically, none of those proposals would confer sole regulatory jurisdiction over the crypto industry to the SEC. Despite this, the SEC
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Phillip Gillespie, former co-CEO of crypto trading firm B2C2, is caught up in allegations involving drug use and inappropriate relations with a young intern. The claims against Gillespie emerged as part of a lawsuit filed in New Jersey by Bradley Nagela, the firm’s global head of options trading. The 19-year old intern,
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FTX’s lawsuit seeks redress for the alleged fraudulent financial activities undertaken by Joseph Bankman and Barbara Fried. In an expected turn of events, the bankrupt FTX Trading Ltd has filed a lawsuit against the parents of its founder and former CEO Sam Bankman-Fried. The lawsuit alleges that Joseph Bankman and Barbara
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NRL quarterback Trevor Lawrence and YouTube influencers Kevin Paffrath and Tom Nash have reportedly settled a lawsuit over alleged inadequate compensation disclosure in their promotions for the now-defunct FTX crypto exchange.According to a Sept. 16 Bloomberg report, the three high-profile individuals have entered proposed agreements, however the settlement terms were
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Jacksonville Jaguars quarterback Trevor Lawrence, who previously endorsed the now-defunct FTX, is ready to pay settlements to clear his name. Lawrence is among the list of famous names who promoted FTX and is currently facing charges related to the fall of the exchange. Lawrence, high-profile figures embroiled in FTX scandal Lawrence is set
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Ripple may be in the process of leaving the United States market for good as the prominent crypto firm has stated that
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