Ripple Clarifies XRP Is Not a Security After New Court Ruling

June 21, 2024 Bitcoin.com

bitcoin.com

Ripple’s chief legal officer has clarified that a California district judge has dismissed all allegations that Ripple violated federal securities laws. He stressed that District Judge Analisa Torres’ ruling regarding the non-security status of XRP “stands undisturbed.” New York’s ‘Ruling That XRP Is Not a Security Stands Undisturbed’ Following the ruling by the U.S. District […]

Crypto Trader Says One Blue-Chip Altcoin Primed To Skyrocket by 150%, Updates Outlook on Bitcoin and Ethereum

US Supreme Court to Hear Nvidia’s Bid to Dismiss Crypto-Related Lawsuit

June 17, 2024 Bitcoin.com

Appeal

The U.S. Supreme Court has agreed to hear Nvidia’s appeal to dismiss a securities fraud lawsuit accusing the company of misleading investors about its sales to the cryptocurrency industry. Nvidia’s appeal follows a lower court’s decision to revive a class-action lawsuit. The suit alleges that Nvidia and its CEO, Jensen Huang, downplayed the impact of […]

Crypto Trader Says One Blue-Chip Altcoin Primed To Skyrocket by 150%, Updates Outlook on Bitcoin and Ethereum

New York Attorney General Reaches $50,000,000 Settlement With Crypto Exchange Gemini Over Fraud Allegations

June 15, 2024 The Daily Hodl

crypto

New York Attorney General Letitia James is settling with crypto exchange Gemini over fraud allegations for $50 million. In a new press release, James says she’s recovered $50 million worth of digital assets on behalf of 230,000 investors allegedly defrauded through Gemini’s Earn program, which had the firm partnering up with crypto lender Genesis to […]

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Crypto Trader Says One Blue-Chip Altcoin Primed To Skyrocket by 150%, Updates Outlook on Bitcoin and Ethereum

Tesla investors sue Elon Musk for diverting resources, talent to xAI

June 14, 2024 Coin Telegraph

Coin Telegraph

Shareholders accused Tesla boss Elon Musk of “brazen disloyalty” with his xAI startup that created “billions in AI-related value at a company other than Tesla.”

Tesla shareholders sued CEO Elon Musk and the vehicle maker’s board on Thursday, claiming Musk’s xAI startup is a “competing company” taking artificial intelligence talent and resources from the firm.

It comes the same day shareholders voted to restore Musk’s $44.9 billion pay package that a Delaware judge threw out in January.

Cleveland Bakers and Teamsters Pension Fund, Daniel Hazen and Michael Giampietro filed the June 13 stockholder complaint in Delaware’s Chancery Court on behalf of Tesla.

Crypto Trader Says One Blue-Chip Altcoin Primed To Skyrocket by 150%, Updates Outlook on Bitcoin and Ethereum

Elon Musk drops lawsuit against OpenAI CEO Sam Altman

June 12, 2024 Coin Telegraph

Breach of Contract

Musk’s decision came one day before a federal judge was set to decide whether to dismiss the case or allow it to proceed to the next stage.

Elon Musk has moved to withdraw his lawsuit against OpenAI and its CEO Sam Altman — which accused the artificial intelligence firm of deviating from its original mission to develop AI to benefit humanity, not for profit.

Musk’s attorneys requested to drop the breach of contract lawsuit without prejudice, according to court filings in the San Francisco Superior Court on June 11.

The dismissal without prejudice means the case isn’t dismissed forever and thus allows Musk to file again in the future.

Crypto Trader Says One Blue-Chip Altcoin Primed To Skyrocket by 150%, Updates Outlook on Bitcoin and Ethereum

New York Attorney General Sues Two Crypto Companies for Alleged $1,000,000,000 Pyramid Scheme

June 9, 2024 The Daily Hodl

New York Attorney General Sues Two Crypto Companies for Alleged ,000,000,000 Pyramid Scheme

AWS Mining

The Attorney General of New York is suing two crypto firms for their alleged role in a $1 billion pyramid scheme. In a new press release, New York AG Letitia James announces a lawsuit against crypto exchange NovaTech and crypto mining company AWS Mining for allegedly defrauding hundreds of thousands of customers, 11,000 of which […]

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Crypto Trader Says One Blue-Chip Altcoin Primed To Skyrocket by 150%, Updates Outlook on Bitcoin and Ethereum

FTX Loaned Millions to Australian Influencer to Ward Off Potential Litigation, Bankruptcy Report Reveals

June 9, 2024 Bitcoin.com

bitcoin.com

According to a bankruptcy report from FTX, the defunct cryptocurrency exchange loaned an Australian influencer slightly more than $13 million. This loan was intended to assist him in repaying investors. The exchange proposed lending Saunders millions of dollars to prevent potential harm to its reputation and avoid litigation. Bankruptcy Report Contradicts Saunders’ Previous Assertions The […]

Crypto Trader Says One Blue-Chip Altcoin Primed To Skyrocket by 150%, Updates Outlook on Bitcoin and Ethereum

American Securities Association Sues SEC Over Lack of Transparency in Enforcement Actions

June 7, 2024 Bitcoin.com

American Securities Association

The American Securities Association (ASA) filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) on Thursday for failing to comply with the Freedom of Information Act (FOIA). The ASA seeks to compel the SEC to disclose records related to its “recordkeeping sweep initiative” that imposed penalties on broker-dealers for retaining off-channel communications, such […]

Crypto Trader Says One Blue-Chip Altcoin Primed To Skyrocket by 150%, Updates Outlook on Bitcoin and Ethereum

SEC Ethereum ETF decision unlikely driven by politics: Bernstein

June 4, 2024 Coin Telegraph

19b-4

Bernstein analysts Gautam Chhugani and Mahika Sapra believe the United States securities regulator likely approved the spot Ether ETFs to avoid a legal battle.

The United States securities regulator’s decision to approve the spot Ether (ETH) exchange-traded funds may not have been a last-minute decision driven by political pressure, according to analysts at research and brokerage firm Bernstein.

One of the leading theories behind the Securities and Exchange Commission’s sudden change in tone toward spot Ether ETFs in May was increased political pressure from the Democrats to win over swing voters in the lead-up to the U.S. election this November.

However, that narrative began looking less credible after President Joe Biden vetoed the SEC’s Staff Accounting Bulletin (SAB) No. 121 repeal bill, Bernstein analysts Gautam Chhugani and Mahika Sapra wrot in a June 3 report.

Crypto Trader Says One Blue-Chip Altcoin Primed To Skyrocket by 150%, Updates Outlook on Bitcoin and Ethereum

Robinhood nears settlement on GameStop, meme stocks suit

May 30, 2024 Coin Telegraph

Coin Telegraph

Trading platform Robinhood is finalizing a settlement with investors who claimed they were burned by its 2021 meme stock buy block.

Trading platform Robinhood is working to finalize a settlement with investors who sued it for halting the trading of certain meme stocks in 2021, including GameStop.

In a May 28 filing to a Miami federal court, Robinhood’s lawyers said it is “in the process of finalizing the settlement” with the group of investors and expects settlement and dismissal in the next two weeks.

The filing did not include the settlement’s details. Robinhood, its counsel and the investor group’s counsel did not immediately respond to requests for comment.

Lawsuit

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