The lawsuit wants to hold the bank accountable for supporting the failed cryptocurrency business A federal judge in San Diego ruled that Silvergate Bank must face a class-action lawsuit from former FTX users who accuse the now-defunct cryptocurrency institution and its trading firm, Alameda Research, of aiding fraud at the exchange. The March 20 ruling
The company partially blames the hack on GoDaddy’s protocols Layerswap, which links layer-2 blockchains to centralized crypto exchanges, recovered access to its domain after a brief hijack sapped about $100,000 in user funds. At about 7:40 PM UTC on March 20, the layerswap.io domain was breached, and users accessing the service were redirected to a
Apple co-founder Steve Wozniak is clapping back at fake ads that featured his likeness Apple co-founder Steve Wozniak has won an appeals court decision in the latest round of the battle against YouTube over doctored videos featuring his likeness that were used in a 2020 Bitcoin scam. The verdict overturned a lower court judgment that
The securities watchdog is under fire for lying in court A US district court has sanctioned the Securities and Exchange Commission (SEC) for functioning in “bad faith” in its lawsuit against Debt Box. The case is another example of the securities watchdog’s attempt to manipulate the cryptocurrency ecosystem. The SEC originally filed a motion to
Prosecutors are hoping to put the FTX cryptocurrency exchange scammer away for decades Prosecutors in the fraud case against Sam Bankman-Fried are seeking a 40 to 50-year sentence for the former CEO of the bankrupt FTX cryptocurrency exchange. He faces up to 110 years for his role in the company’s illegal activities. The prosecution’s 116-page
Long-time claims of being the man who started the cryptocurrency craze are invalidated BitMEX Research reports that UK Judge James Mellor has ruled that Carl Wright is not the pseudonymous Bitcoin creator Satoshi Nakamoto in his declaration on March 14. Closing arguments in the suit filed by the Crypto Open Patent Alliance (COPA) against Wright
The securities watchdog continues its offensive against the cryptocurrency ecosystem The US Securities and Exchange Commission (SEC) alleges that the Gemini and Genesis cryptocurrency firms sold unregistered securities via the Gemini Earn program. A federal judge has agreed, allowing the securities watchdog’s lawsuit against the companies to move forward. New York District Court Judge Edgardo
The changes target TrueUSD and other digital currencies The Binance cryptocurrency exchange recently revealed its plans to delist several TrueUSD (TUSD) trading pairs, the stablecoin associated with Justin Sun, the founder of Tron. The exchange published a notification on March 13 saying several TUSD pairs would be removed from the exchange, including COMP/TUSD, EPENDLE/TUSD and
President Biden has once again submitted his crypto mining tax increase in a budget proposal President Joe Biden has resurrected the concept of a 30% tax on electricity used by cryptocurrency miners in his 2025 budget proposal. It’s not the first time it has come up, but could find more support in an election year.
Crypto fans could soon see crypto exchange-traded notes on the London Stock Exchange The London Stock Exchange (LSE) has revealed that it will begin accepting applications for Bitcoin and Ether cryptocurrency exchange-traded notes (ETNs) in the second quarter of 2024. The exchange confirmed on March 11 that applications following guidelines specified in its Crypto ETN
Bitcoin continues to gain traction this year, leading to significant retail activity Bitcoin spot trading volume recorded its biggest day in over a year on March 5, as centralized exchanges reported a combined daily volume of $46.26 billion, meaning that more retail investors have begun purchasing the cryptocurrency. After its recent yearly high, Bitcoin spot
The goal is to add more legitimacy to the digital currency ecosystem and capitalize on Bitcoin’s strength Arizona State Senators are considering a proposal to include Bitcoin exchange-traded funds (ETFs) in two state retirement portfolios. The House is reviewing the resolution for a second time after it passed the Senate’s Third Reading on February 22
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