Legal

Better Markets CEO Says SEC Has 90% Chance of Winning in Ripple Appeal — Criticizes Judge’s XRP Ruling

August 18, 2024 Bitcoin.com

Appeal

Dennis Kelleher, CEO of Better Markets, says the U.S. Securities and Exchange Commission (SEC) has a 90% chance of winning an appeal in the Ripple lawsuit over XRP. He criticized the court ruling as flawed, arguing that the judge in the Ripple case misapplied the law. Better Markets CEO on SEC Appeal Against Ripple Dennis […]

Binance Founder CZ Released From US Custody After Serving 4-Month Sentence

Ripple Legal Chief Anticipates Possible SEC Appeal in XRP Case Despite Court’s 10% Reversal Rate

August 18, 2024 Bitcoin.com

Appeal

Ripple’s chief legal officer says he wouldn’t be surprised if the U.S. Securities and Exchange Commission (SEC) does appeal the final ruling in the Ripple lawsuit over XRP. He questioned the SEC’s rationality and expressed confidence that any appeal by the SEC would likely fail. Alderoty urged the SEC to focus on its core mission […]

Binance Founder CZ Released From US Custody After Serving 4-Month Sentence

Binance Pays $1.75 Million to Settle Irregular Derivatives Offering Procedure in Brazil

August 16, 2024 Bitcoin.com

Binance

Binance, one of the largest cryptocurrency exchanges in the world, has settled an administrative procedure with the CVM, the securities regulator of Brazil. The exchange proposed to pay 9.6 million Brazilian reais (approximately $1.75 million) to resolve a case involving the irregular offering of derivatives, including futures contracts and options, dating back to 2022. Binance […]

Binance Founder CZ Released From US Custody After Serving 4-Month Sentence

7 Indicted in $300,000 Queens Bitcoin Theft, Say Prosecutors

August 14, 2024 Bitcoin.com

Bitcoin

Seven individuals have been indicted for stealing over $300,000 in bitcoin from a Queens resident. The charges against them include grand larceny, money laundering, and identity theft, stemming from a lengthy investigation into a cryptocurrency wallet hack. Using advanced hacking techniques, the group allegedly stole the bitcoin and now face potential sentences of five to […]

Binance Founder CZ Released From US Custody After Serving 4-Month Sentence

Tether Slams Celsius Network’s ‘Baseless’ $2 Billion Lawsuit

August 12, 2024 Bitcoin.com

Tether Slams Celsius Network’s ‘Baseless’ Billion Lawsuit

Bankruptcy Code

Stablecoin issuer Tether has slammed the”baseless” claims that it illegally liquidated Celsius Network’s bitcoin collateral. Tether accused the crypto lender of trying to “improperly impose the costs of Celsius’ mismanagement and failure on Tether.” Shameless Litigation Stablecoin issuer Tether Holdings Ltd. has rejected the “baseless” claims by the bankrupt crypto lender Celsius Network that the […]

Binance Founder CZ Released From US Custody After Serving 4-Month Sentence

SEC Addresses Final Court Ruling in Ripple Case, Highlights Key Outcomes

August 11, 2024 Bitcoin.com

bitcoin.com

The U.S. Securities and Exchange Commission (SEC) has addressed District Judge Analisa Torres’ ruling in the Ripple case over XRP, emphasizing the substantial financial penalties imposed on the crypto firm and its ongoing securities law violations. While Ripple celebrated the 94% reduced fine, the regulator underscored that the court acknowledged Ripple’s securities violations. SEC Reacts […]

Binance Founder CZ Released From US Custody After Serving 4-Month Sentence

Avraham Eisenberg Seeks Acquittal of Mango Markets Conviction

August 8, 2024 Bitcoin.com

acquittal

Avraham “Avi” Eisenberg, who was previously convicted of commodities fraud, commodities manipulation, and wire fraud related to his trading activities on Mango Markets, is pushing for his conviction to be cleared. Eisenberg’s legal team has filed a motion for judgment of acquittal or, alternatively, a new trial, citing several legal and evidentiary flaws in the […]

Binance Founder CZ Released From US Custody After Serving 4-Month Sentence

US Court Orders FTX and Alameda to Pay Fraud Victims $12.7 Billion in Historic CFTC Recovery

August 8, 2024 Bitcoin.com

US Court Orders FTX and Alameda to Pay Fraud Victims .7 Billion in Historic CFTC Recovery

Alameda Research

A U.S. district court has ordered FTX and Alameda Research to pay $12.7 billion to fraud victims due to their misuse of customer funds and fraudulent practices. Ian McGinley, Director of the Commodity Futures Trading Commission’s Division of Enforcement, emphasized that this multibillion-dollar recovery is the largest recovery in CFTC history. FTX and Alameda Ordered […]

Binance Founder CZ Released From US Custody After Serving 4-Month Sentence

Ripple Hails Victory as Judge Cuts SEC’s Penalty Request by 94% in Final Judgment of XRP Case

August 7, 2024 Bitcoin.com

bitcoin.com

District Judge Analisa Torres has cut the penalty requested by the U.S. Securities and Exchange Commission (SEC) in the case against Ripple Labs over XRP by 94%. The court partially granted the SEC’s motion for remedies against Ripple, imposing a $125 million civil penalty. “This is a victory for Ripple, the industry, and the rule […]

Binance Founder CZ Released From US Custody After Serving 4-Month Sentence

Indian Court Reaffirms Legality of Cryptocurrency, Grants Bail to Yes World CEO

August 3, 2024 Bitcoin.com

bitcoin.com

The Orissa High Court in India has reaffirmed that cryptocurrency trading and transactions are neither banned nor deemed illegal in India. Citing the legality of crypto, the court granted bail to Sandeep Chowdhury, CEO of Yes World, who was accused of defrauding investors through a Ponzi scheme disguised as a cryptocurrency business. Orissa High Court […]

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