The decision could mean a massive injection of funds for the exchange and some users The US government has initiated steps to return a significant portion of cryptocurrency linked to the infamous 2016 Bitfinex hack. Many customers who lost large amounts of money could benefit from this move. A recent legal motion filed on January
The move could help advance cryptocurrency policies on the federal level US Representative Tom Emmer has been named vice chairman of the House Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence. The Minnesota Republican, a vocal advocate for cryptocurrencies, takes on this role as part of a broader effort by lawmakers to address the
The Supreme Court refused to hear Binance’s arguments for dismissal The US Supreme Court has rejected an appeal from Binance and its founder, Changpeng “CZ” Zhao, allowing a class-action lawsuit against the cryptocurrency exchange to move forward. The lawsuit, originally filed in 2020 by investor Chase Williams, accuses Binance of selling unregistered securities and operating
The decentralized exchange was found to be offering illegal securities Mango Markets, a Solana-based decentralized exchange, has announced it will shut down operations following a prolonged legal battle with the US Securities and Exchange Commission (SEC). Users have been advised to close their positions, with governance-approved changes to the platform set to take effect soon,
The CFTC has issued a subpoena to the cryptocurrency company to obtain sensitive information Coinbase may be compelled to provide user data in connection with a Commodity Futures Trading Commission (CFTC) investigation into Polymarket, a blockchain-based prediction platform. The CFTC has reportedly issued a subpoena to Coinbase requesting general customer information linked to Polymarket. This
The Bitcoin Freedom Act has a long way to go if it’s to be approved Oklahoma Senator Dusty Deevers has introduced a new bill aimed at allowing employees and residents in the state to receive wages in Bitcoin. Known as the Bitcoin Freedom Act, the legislation provides a framework for businesses and individuals to use
The case marks the first time a crypto investor has to turn over his wallet keys A Texas Bitcoin investor has been ordered by a federal court to turn over his cryptocurrency wallets and access codes after being convicted of tax fraud. The authorities in charge of these cases have had zero compassion and work
The exchange has received approval to bring FTX back to life in Europe Backpack, a centralized cryptocurrency exchange founded by former employees of Alameda Research and FTX, has acquired FTX EU, the European division of the now-defunct FTX exchange. This acquisition has received approval from both the FTX bankruptcy court and the Cyprus Securities and
The new solution is in response to concerns quantum computing will break any password Solana has unveiled a new feature called the “Winternitz Vault,” designed to safeguard cryptocurrency against potential threats posed by quantum computing. This innovative solution provides users with a robust security option to protect their funds, though it is not an automatic
The move would position the company alongside Robinhood, Fidelity and others Morgan Stanley may soon expand its offerings to include cryptocurrency trading on its E-Trade platform. Reports suggest the decision is influenced by expectations of a more favorable regulatory landscape for digital assets under the incoming administration of President-elect Donald Trump. The new administration has
A court has denied two legal actions brought forward by the crypto lending platform against FTX Celsius, the collapsed cryptocurrency lending platform, has filed a notice of appeal against a court decision that disallowed its claims for damages from FTX. The appeal challenges a ruling by Judge John T. Dorsey, which rejected Celsius’ efforts to
The organization is unhappy with the tax agency’s stance on cryptocurrencies The Blockchain Association has filed a lawsuit against the Internal Revenue Service (IRS), challenging new regulations requiring detailed reporting of digital asset transactions. The lawsuit, announced by Blockchain Association CEO Kristin Smith on December 28, was filed jointly with the Texas Blockchain Council. The
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