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Plaintiffs of the new class action lawsuit, exchange customers Austin Onusz, Cedric Kees Van Putten, Nicholas J. Marshall and Hamad Dar and "all others similarly situated," want FTX customers to have "priority to repayment of customer property," and want the court to declare that any customer property held on behalf
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While the government agencies are queuing to sue the FTX and its founder Sam Bankman-Fried, the group of former customers made an effort to get their money back first. A class lawsuit initiated by four individuals demands priority access to frozen funds of the company for its customers, not investors. The
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According to a recent Ethereum Core development meeting on Dec. 8, developers disclosed that the next Ethereum hard fork, called Shanghai, could be implemented by March 2023. It’s been suggested that the Shanghai hard fork will be able to manage the network’s staked ethereum withdrawals. Ethereum Devs Aim for Hard
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With the presidency, India – which has passed what the local industry has criticized as a crippling tax regime, while the country's central bank has called for a ban on cryptocurrencies – will now have a prominent role in framing global crypto regulation. As hosts, India will set the agenda
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The exchange has also incorporated as a local entity in Australia, and registered with local regulator Australian Transaction Reports and Analysis Centre (AUSTRAC) to provide digital currency exchange services. John O’Loghlen, formerly a regional director with Ant Group, was hired in July to head up Coinbase Australia. Original Source
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“Clearly, it's good to see the continued statements of intent – with many in the industry perhaps fearing this was Sunak's baby, and scarce little from Truss herself in recent times,” Nick Jones, CEO of Zumo, a U.K.-based crypto wallet startup, told CryptoX in a statement. Source
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A survey conducted by the Federal Reserve Board of the United States suggested that the majority of officials at major banks did not consider crypto-related products and services a priority in the near future.According to the results of a Fed survey released on Friday, more than 56% of senior financial
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A survey conducted by Deloitte in collaboration with PayPal found that over 85% of merchants “are giving high or very high priority to enabling cryptocurrency payments.” In addition, “nearly three-quarters of those surveyed reported plans to accept either cryptocurrency or stablecoin payments within the next 24 months.” Majority of Merchants Surveyed
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With a net worth of reportedly more than $300 billion, Elon Musk said he could “technically afford” to purchase Twitter outright, but also had plans to change the user experience of the major social media platform.In a Vancouver TED conference held Thursday, Musk told curator Chris Anderson that if his
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The Securities and Exchange Commission (SEC) has listed crypto assets as an examination priority for market participants this year. “In this time of heightened market volatility, our priorities are tailored to focus on emerging issues, such as crypto assets,” said an official with the SEC Division of Examinations. Crypto Assets Among
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