A federal court judge ruled on Monday that Lido DAO, the governing body behind the popular liquid staking protocol, can be treated as a general partnership under state law. The court rejected Lido’s claim that it isn’t a legal entity, classifying it as a general partnership and setting a precedent for how profit-driven DAOs are treated. It was also ruled…
“The floodgates for Bitcoin’s next evolution in financial markets are about to open,” says Bitcoin custody firm Theya Head of Growth Joe Consorti. Source: https://cointelegraph.com/news/why-us-spot-bitcoin-options-launch-such-a-big-deal?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Binance has clarified its forthcoming BFUSD asset is not a stablecoin as crypto users started freaking out over its promise of high yields. Source: https://cointelegraph.com/news/binance-clarifies-bfusd-not-stablecoin-x-users-question-yield?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Kraken won’t get the chance to appeal a California District Court judge’s decision that found the SEC had adequately alleged it sold unregistered securities. Source: https://cointelegraph.com/news/us-judge-rejects-kraken-bid-appeal-sec-case?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
According to “people familiar with the matter” who spilled the beans to the Wall Street Journal (WSJ), Coinbase CEO Brian Armstrong reportedly met with U.S. President-elect Donald Trump on Monday. WSJ reporter Brian Schwartz claims the meeting would be the first since Election Day on Nov. 5 and the two will discuss “personnel appointments for […] Source: https://news.bitcoin.com/coinbase-ceo-brian-armstrong-and-trump-reportedly-hold-private-discussion/
A Russian ransomware kingpin extradited from South Korea to the U.S. faces charges for orchestrating the $16 million Phobos malware targeting global critical infrastructure. Justice Catches Up: The Fall of a Ransomware Kingpin The U.S. Department of Justice (DOJ) announced Monday that Evgenii Ptitsyn, a 42-year-old Russian national, has been extradited from South Korea to […] Source: https://news.bitcoin.com/ransomwares-mastermind-faces-justice-doj-targets-global-cybercrime-operation/
Netherlands-based Quantoz Payments has introduced two Ethereum-based stablecoins, EURQ and USDQ, as it seeks to carve a niche in the competitive stablecoin market by aligning with evolving European regulatory standards. The new stablecoins will be listed on major cryptocurrency exchanges Bitfinex and Kraken, both of which are investors in Quantoz alongside venture capital firm Fabric Ventures. By leveraging partnerships with…
Goldman Sachs is planning to spin off its digital assets platform into an independent company, aiming to enable large financial firms to create, trade, and settle instruments via blockchain. Mathew McDermott, Goldman’s global head of digital assets, revealed that the initiative is in early stages, with a spin-out goal set within 12 to 18 months, […] Source: https://news.bitcoin.com/goldman-sachs-unveils-plan-for-independent-digital-asset-platform-to-reshape-markets/
The Democrat members of Congress want answers from the Treasury on why Tornado Cash is still operating after being sanctioned. Source: https://cointelegraph.com/news/us-lawmakers-question-what-treasury-tornado-cash?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin’s projected surge to $200,000 gains momentum as analysts cite pro-crypto policies, sovereign-led demand, and growing institutional adoption reshaping the market’s future. As Analysts Reaffirm $200K, the Pressure Mounts on Bitcoin Bears Leading research and brokerage firm Bernstein reiterated in a client note Monday that bitcoin could reach $200,000 by 2025, maintaining its earlier prediction. […] Source: https://news.bitcoin.com/analysts-bitcoin-200k-target-fuels-bullish-fire-bears-brace-for-impact/
