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Report: A British Virgin Islands Court Order Liquidates Crypto Firm Three Arrows Capital

Report: A British Virgin Islands Court Order Liquidates Crypto Firm Three Arrows CapitalAccording to a recent report from Sky News citing a source familiar with the matter, “cryptocurrency insiders” have said that the troubled crypto hedge fund Three Arrows Capital (3AC) has been formally liquidated by a British Virgin Islands (BVI) court. The report does not disclose what type of assets face liquidation, but the sources remarked […]

Bitcoin drops below $60,000 following Israel’s missile strike on Iran

New York Judge Orders Terraform Labs to Comply With SEC’s Investigative Subpoenas

New York Judge Orders Terraform Labs to Comply With SEC’s Investigative SubpoenasA recent court filing stemming from the Southern District of New York shows that a U.S. district judge has ordered the crypto startup Terraform Labs to comply with the Securities and Exchange Commission’s (SEC) subpoenas. During the second week of November 2021, the U.S. regulator filed a subpoena enforcement action against Terraform Labs and the […]

Bitcoin drops below $60,000 following Israel’s missile strike on Iran

Court Authorizes IRS to Summon User Records From Kraken Cryptocurrency Exchange

Court Authorizes IRS to Summon User Records From Kraken Cryptocurrency ExchangeThe Internal Revenue Service (IRS) has obtained court authorization to serve a John Doe summons on cryptocurrency exchange Kraken. The tax agency is seeking data of users with $20,000 or more in cryptocurrency transactions during the years 2016 to 2020. IRS Wants User Information From Crypto Exchanges The U.S. Department of Justice (DOJ) announced Wednesday […]

Bitcoin drops below $60,000 following Israel’s missile strike on Iran

SEC Accuses Ripple of Harassment, Asks Judge to Block Access to Some Discovery Records

SEC Accuses Ripple of Harassment, Asks Judge to Block Access to Some Discovery RecordsThe U.S. Securities and Exchange Commission (SEC) has asked the judge in the SEC v. Ripple case to block Ripple and its executives from accessing various internal records it claims are unrelated to determining whether XRP is a security. The SEC says that the “defendants do not actually seek relevant evidence, but rather seek to […]

Bitcoin drops below $60,000 following Israel’s missile strike on Iran

US Court Rejects SEC’s Attempt to Block XRP Holders’ Motion to Intervene in Ripple Lawsuit

US Court Rejects SEC’s Attempt to Block XRP Holders’ Motion to Intervene in Ripple LawsuitIn the SEC v. Ripple lawsuit, the court has rejected the SEC’s attempt to block XRP holders’ Motion to Intervene and has set submission deadlines for the motion to be filed as well as for responses from the SEC and Ripple. Judge Dismissed SEC’s Attempt to Stop XRP Holders From Intervening in Ripple Lawsuit In […]

Bitcoin drops below $60,000 following Israel’s missile strike on Iran