During an interview with CNBC, Monica Long, Ripple’s president, affirmed that Ripple intends to battle the ongoing SEC lawsuit relentlessly. A Prolonged Battle: Three Years of the SEC Lawsuit This lawsuit between Ripple and the SEC has endured for nearly…
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Uniswap and DEFI Dodged a Big Bullet
A lawsuit filed against Uniswap and its venture capitalist backers was dismissed by a US district Court on August 31, 2023. The court ruled that the claims were devoid of factual support, and the platform’s decentralized structure makes it different…
Singapore among World’s First to Agree to Stablecoin Crypto Regulation
Making the dawn of new age, The Monetary Authority of Singapore (MAS) announced its rules for using and adapting a stablecoin cryptocurrency. Singapore is one of the earliest in setting the bar by finalizing stablecoin regulations. This stablecoin crypto regulation…
Popular Star Taylor Swift Dodged the FTX Bullet
The FTX fallout affected a lot of companies and retail investors. This understandably earned the ire of a lot of people who demanded their pound of flesh. Celebrities, who were paid to endorse the collapsed crypto platform, were not spared…
New York AG Sues Alex Mashinsky for Allegedly Hiding Celsius’ Struggles
New York Attorney General Letitia James is pursuing legal proceedings against Celsius founder and CEO Alex Mashinsky, claiming that his alleged “false and misleading statements” resulted in billions of dollars in losses for investors. On January 5th, the New York…
Celsius Wants to Postpone Deadline For Claims As Legal Fees Top $53M
Celsius Network, a bankrupt cryptocurrency lender, intends to file a motion to extend the deadline for users to submit claims by another month. The cryptocurrency community has grown impatient, noting that Celsius’ legal fees have continued to increase and are…
SEC Charges Eight Influencers In $100M Stock Manipulation Scheme On Discord and Twitter.
The Securities and Exchange Commission charged eight people today in a $100 million securities fraud scheme in which they manipulated exchange-traded stocks using the social media platforms Twitter and Discord. Fake Gurus According to the SEC, seven of the defendants…
Bahamian Securities Regulator Chastises FTX CEO For Making Misstatements
The Bahamas Securities Commission has chastised FTX’s new CEO for his comments about the ongoing investigation into the bankrupt cryptocurrency exchange. The Bahaman regulator, in a press release did not directly address the specific statement of John J. Ray III…
SBF Wants to Start New Business to Repay Aggrieved FTX Investors
With over a million FTX creditors owed up to $50 billion, FTX’s former CEO has expressed interest in starting a business to repay them all. Repaying Aggrieved Customers The founder and former CEO of the bankrupt cryptocurrency exchange FTX have…
Ripple Whale Moves $143M Despite XRP and Ripple Uncertainty
Confidence in the midst of constant turbulence is unusual, but not for Ripple [XRP] whales. One of these large investors demonstrated confidence in the network by transferring 143 million XRP. This token movement was worth $55.96 million, according to Whale…
