Cryptocurrency Analysis and News Portal
Mercedes-Benz Formula One team and Major League Baseball helped FTX perpetrate fraud through promotional deals with the crypto exchange, according to a group of FTX users in a new lawsuit.The plaintiffs, consisting of FTX users, filed twin class-action suits in a Florida District Court on Nov. 27, accusing the firms
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The SEC faces potential legal challenges over its handling of spot Bitcoin ETF applications, amidst rising institutional interest in cryptocurrencies, as highlighted by JPMorgan analysts. The burgeoning cryptocurrency market is once again at a crossroads with the U.S. Securities and Exchange Commission (SEC) facing potential legal challenges if it decides to
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The United States Commodity Futures Trading Commission (CFTC) and Federal Trade Commission (FTC) have filed parallel lawsuits against Stephen Ehrlich, the former CEO of crypto lending firm Voyager Digital.In an Oct. 12 announcement, the CFTC said it had filed a lawsuit in U.S. District Court for the Southern District of
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Polygon Labs’ chief legal and policy officer, Rebecca Rettig, recently shed light on the Securities and Exchange Commission’s (SEC) ongoing legal battles with Coinbase, a crypto exchange, and Ripple, a blockchain company. On a recent episode
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The combined spot and derivatives trading volume on centralized exchanges (CEXs) climbed 14.2% in June to $2.71 trillion, according to CCData's monthly exchange report. Binance, Binance.US, and Coinbase all saw their market share decline in the past month.As per the report, the first rise in trading volume in three months
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SEC lawsuits on crypto exchange Binance and founder Changpeng Zhao has dented the company’s business operations with trading volumes taking a hit. The world’s largest cryptocurrency exchange by trading volume – Binance – saw a drop in its market share this month in June following the regulatory action by the
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The SEC filed a lawsuit on June 5 against Binance and on June 7 against Coinbase, accusing both exchanges of violating securities laws by offering certain cryptocurrencies as securities for trading. As two of the most prominent
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Members of the United States House Financial Services Committees met to discuss clarity for the digital asset ecosystem, with some invoking recent legal action from the Securities and Exchange Commission (SEC) against crypto firms.In a June 13 hearing of the committee, ranking member Maxine Waters said Democrats were taking a
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With the rapid evolution and increasing adoption of cryptocurrencies, the need for regulatory clarity has become paramount. U.S. Senator Cynthia Lummis has said that her efforts to push for a positive regulatory framework are still in motion. Senator Lummis garnered praise from the crypto community on Twitter as she shared her
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The U.S.-based exchange said on Friday that users should withdraw USD as soon as possible following the SEC’s "extremely aggressive and intimidating tactics" against the company. The platform has suspended U.S. dollar deposits and will delist USD trading pairs shortly, while it temporarily transitions to a crypto-only exchange. Original Source
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