Ripple vs. SEC: Latest Updates on the LawsuitThe legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) has reached a critical phase in November 2023. Both parties have submitted a joint proposal outlining the next steps in the lawsuit, focusing on the remedies briefing and discovery process.John E. Deaton, a lawyer […]
Terraform Labs and its co-founder, Do Kwon, are facing a significant legal battle in Singapore. The High Court has rejected their attempt to dismiss a class-action lawsuit, which accuses them of fraudulent misrepresentation in promoting the terraUSD (UST) stablecoin. The lawsuit was initiated by 375 claimants who allege losses of $57 million. Terraform Labs’ lawyers […]
Terraform Labs and its co-founder, Do Kwon, are facing a significant legal battle in Singapore. The High Court has rejected their attempt to dismiss a class-action lawsuit, which accuses them of fraudulent misrepresentation in promoting the terraUSD (UST) stablecoin. The lawsuit was initiated by 375 claimants who allege losses of $57 million. Terraform Labs’ lawyers […]
The U.K. Parliamentary Treasury Committee has issued a stern warning about the potential risks of developing a retail central bank digital currency (CBDC), or ‘digital pound’. Lawmakers are urging the Bank of England and H.M. Treasury to carefully consider data privacy and financial stability concerns before moving forward with the implementation of this new form […]
The U.K. Parliamentary Treasury Committee has issued a stern warning about the potential risks of developing a retail central bank digital currency (CBDC), or ‘digital pound’. Lawmakers are urging the Bank of England and H.M. Treasury to carefully consider data privacy and financial stability concerns before moving forward with the implementation of this new form […]
Hashdex, a crypto asset management company, has submitted a revised proposal for a Bitcoin Spot ETF to the United States Securities and Exchange Commission (SEC). The company plans to combine Spot Bitcoin with its Bitcoin Futures ETF and change the ticker to a Hashdex Bitcoin ETF. Hashdex has also announced a partnership between Teucrium Trading […]
Hashdex, a crypto asset management company, has submitted a revised proposal for a Bitcoin Spot ETF to the United States Securities and Exchange Commission (SEC). The company plans to combine Spot Bitcoin with its Bitcoin Futures ETF and change the ticker to a Hashdex Bitcoin ETF. Hashdex has also announced a partnership between Teucrium Trading […]
Both in Germany and Switzerland, various crypto announcements have been observed in recent months. Two weeks ago, Commerzbank became the first universal bank in Germany to receive the custody license from the financial supervisory authority. Deutsche Bank and DZ Bank, the larger competitors, have also submitted applications to BaFin and plan to launch their offerings […]
Both in Germany and Switzerland, various crypto announcements have been observed in recent months. Two weeks ago, Commerzbank became the first universal bank in Germany to receive the custody license from the financial supervisory authority. Deutsche Bank and DZ Bank, the larger competitors, have also submitted applications to BaFin and plan to launch their offerings […]
Singapore-based cryptocurrency exchange Binance allegedly tipped off select high-value traders about an impending settlement with the U.S. Department of Justice (DOJ) during a VIP event in September. According to Bloomberg, company representatives suggested that Binance would likely pay around $4 billion to settle its legal troubles and survive. Binance has disputed these claims but declined […]
