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Terraform Labs is seeking to have a class action lawsuit against the firm dismissed, arguing the United States securities laws referenced are not applicable to its foreign-developed protocols. On May 3, Terraform Labs requested a California federal judge dismiss an investor suit brought by Nick Patterson that claimed the company sold
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Iranian President Ebrahim Raisi has condemned the current unipolar world order, emphasizing that Iran plans to join the BRICS group to help create a multipolar world. “Iran wants to have constructive relations with all states on the basis of common interests,” he stressed. Iran Condemns Unipolar World Order Iranian President Ebrahim Raisi
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Just like most of the most advanced blockchain protocols in the industry, the Tenet Blockchain grants users the flexibility they need to thrive on the L1 outfit. Tenet, a brand-new layer-1 blockchain protocol has announced the launch of its testnet, creating a conduit to build on the potential of Liquid Staking
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Cryptocurrency exchange FTX is seeking to recover around $4 billion from similarly bankrupt crypto lender Genesis and a still-solvent British Virgin Islands-based entity — part of efforts to recover value for creditors.In a May 3 court filing in a New York Bankruptcy Court, lawyers for FTX sought $1.8 billion in
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According to Wednesday's filing, Alameda repaid $1.8 billion in loans to Genesis and pledged $273 million to Genesis in the 90 days before the various FTX companies filed for bankruptcy. Genesis also withdrew another $1.6 billion from FTX, while Genesis Global Capital International withdrew another $213 million in that same
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The White House Council of Economic Activities (CEA) is looking to penalize the crypto mining sector stating that the high energy consumption by crypto miners have spillover effects on the environment and quality of life. In a major move, the Biden administration is looking to impose a major tax on the
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Regular customers, misled by management, didn’t understand the implications of this transfer – but more sophisticated Series B investors were well aware of deficient record keeping, the filing added, arguing that the two entities should be treated as one for bankruptcy purposes. Original Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Coinbase, a San Francisco-based cryptocurrency exchange, has launched a non-fungible token (NFT) campaign dubbed “Stand With Crypto” to empower the community and promote implementation of favorable policies. The launch comes after Coinbase sued the United States Securities
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The tax treatment of lending and borrowing on decentralized finance (DeFi) protocols could soon be changed in the United Kingdom as the taxation arm of the Treasury is seeking input on a possible new regime.An April 27 consultation by HM Revenue and Customs will run until June 22 and asks
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Bitcoin (BTC) stuck to $29,000 at the April 27 Wall Street open as United States GDP growth missed expectations.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewU.S. GDP figures reveal surprise slowdownData from Cointelegraph Markets Pro and TradingView showed BTC/USD once again stagnant after flash volatility the day prior.The largest cryptocurrency had
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