A US court has dismissed a class action lawsuit against Uniswap, a crypto platform. The suit alleged that users lost money in scam tokens on the platform, but the judge ruled that the software provider cannot be held liable for crimes committed by third parties.Judge Katherine Polk Failla of the US District Court for the […]
The SEC is facing mounting legal setbacks in its case against Ripple and Coinbase, potentially signaling a shift in the regulatory landscape for cryptocurrencies. Ripple’s Chief Legal Officer, Stuart Alderoty, has commented that recent court rulings show the SEC’s approach as “arbitrary and capricious.” This sentiment was echoed in the recent Grayscale Bitcoin ETF case, […]
This week has seen a flurry of activity in the crypto sector in Latin America, with both Binance and Circle announcing key initiatives. Binance is introducing a ‘Send Cash’ feature that enables crypto-to-bank transfers for residents of nine Latin American countries, while Circle is partnering with Mercado Pago in Chile to offer its USD Coin.Binance’s […]
Bloomberg has raised the odds of a Bitcoin ETF gaining approval to 75% by the end of 2023 and 95% by 2024, following Grayscale’s legal win against the U.S. Securities and Exchange Commission (SEC). The SEC is now expected to make ‘first deadline’ decisions on seven major Bitcoin ETF applications from industry giants like BlackRock, […]
The fifth-largest digital asset, XRP, has seen a surge in its daily average traded volume to about $1.572 billion, recording a spike of over 114 percent. This comes after the U.S. Court of Appeals for the D.C. Circuit issued a ruling in favor of Grayscale Investments and against the SEC. Following the ruling, XRP price […]
The United States District Court for the Southern District of New York has dismissed a class action lawsuit against Uniswap, its CEO, and its venture capital backers. The suit was brought by six individuals who bought what they alleged were scam tokens on Uniswap between December 2020 and March 2022. The plaintiffs claimed they lost […]
The United States could be seeing a resurgence in the crypto industry after several rulings this year have seen court judges “rein in the SEC,” according to a digital asset lawyer from K&L Gates. Jeremy McLaughlin, a partner at the global law firm, noted that multiple U.S. court cases have challenged the Securities and Exchange […]
Grayscale Investments CEO Michael Sonnenshein recently described the US appeals court’s decision to overturn the Securities and Exchange Commission’s (SEC) block of his firm’s proposed spot Bitcoin exchange-traded fund (ETF) as a “huge win” for the digital-assets industry. This ruling has rekindled hopes for the launch of the first US ETF that would invest directly […]
The US Securities and Exchange Commission is set to make a decision on the first of seven applications to launch spot Bitcoin ETFs on Thursday. The SEC has been hesitant to approve a spot ETF application because it believes the Bitcoin market is prone to price manipulation. However, Bloomberg ETF analyst James Seyffart believes the […]
Robinhood, a United States-based portal allowing users to trade multiple instruments, including crypto without commission, is the fifth largest holder of Ethereum (ETH). According to Arkham Intelligence, an on-chain analytics platform, Robinhood controls 1.72 million ETH, worth $2.93 billion at current prices as of August 30. It is unclear whether Robinhood directly owns these coins […]
