Celebrity defendants Kim Kardashian and Floyd Mayweather are back on the hook for a class action lawsuit that alleges their improper promotion of the now-defunct crypto token EthereumMax (EMAX). While the class action suit was brought against the pair in January 2022 for allegedly promoting a “pump and dump” scheme, it was dismissed by a federal judge in California in…
Trading volumes on centralized exchanges have fallen to their lowest levels in more than four years amid mounting regulatory pressure from United States regulators and lawmakers. According to a June 7 report from crypto analytics firm CCData, combined spot and derivatives trading volume in May fell 15.7% from the previous month, marking the second consecutive month of dwindling crypto trading…
Messari CEO Ryan Selkis has praised a newly proposed Republican crypto bill, commenting it is a “10x improvement” on all other crypto bills introduced to the United States Congress so far. The “Digital Asset Market Structure” (DAMS) bill, introduced on June 1, proposes to establish a framework to fill the gaps in the regulatory process between the U.S. Commodity Futures…
According to the summons, CZ’s current residential address is in the Mediterranean island nation of Malta. Source: https://cointelegraph.com/public/index.php/news/us-district-court-issues-summons-for-binance-ceo-changpen-zhao-over-sec-action
Cathie Woods’ tech-focused investment firm ARK Invest expanded its holdings of Coinbase shares after the stock took a blow. The reason: A massive lawsuit filed by the Securities and Exchange Commission. Ark purchased 419,324 shares worth approximately $21.6 million at Tuesday’s closing price of $51.61 through its three exchange-traded funds: ARK’s Innovation ETF, Next Generation ETF, and Fintech Innovation ETF.…
intermediate We will analyse possible scenarios for the future price of ETN coin, whether it will go up or down. In the beginning, we will examine the features of the project and review different Electroneum price predictions for 2020 and until 2023. The Electroneum project has been developed since 2016. In the autumn of 2017, ICO of the Electroneum project…
SEC Chair Gary Gensler once offered to serve as an advisor to Binance in 2019, according to lawyers representing Binance and founder Changpeng Zhao, CNBC reports. In documents filed by the SEC on June 7, attorneys from Gibson & Dunn and Latham & Watkins allege that Gensler offered to serve as an advisor to the exchange in several conversations with Binance…
The U.S. Securities and Exchange Commission (SEC) has gone after two of the world’s biggest crypto brands this week, suing Binance and Coinbase and making very serious allegations about both companies. In his ongoing onslaught against the industry, SEC Chairman Gary Gensler on Monday alleged that Binance, the world’s biggest digital asset exchange by volume, was run through a “web…
Georgia radio host Mark Walters is suing OpenAI after its massively popular ChatGPT accused him of embezzlement in the precedent-setting case The Second Amendment Foundation v. Robert Ferguson. The catch? Walters is not named in that case, nor has he ever worked for the Second Amendment Foundation. “OpenAI defamed my client and made up outrageous lies about him,” Mark Walters’…
Cumberland Labs, the incubator arm of Chicago-based crypto trading company Cumberland has launched the beta version of a new API tool that could simplify the arduous task of connecting to blockchain and decentralized finance protocols. Cumberland Labs told Cointelegraph that the Cumberland, the trading unit of DRW Holdings LCC used to invest considerable time connecting to various protocols manually, and…
