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08 Jun 23

US Government challenges Bittrex US’s motion to return customer crypto assets

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Amid the unfolding bankruptcy case of crypto exchange Bittrex US, the US government has opposed the platform’s motion to authorize customer withdrawals of their crypto assets. The US government has countered a request by Bittrex US, the now-bankrupt cryptocurrency exchange, to […]

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27 May 23

Gemini challenges SEC in legal battle over Earn product

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Gemini has responded to the US Securities and Exchange Commission (SEC) lawsuit over its Earn Product. The exchange and its partner, now-bankrupt Genesis lender, gear up for a spectacular judicial fight. Gemini marked the SEC charges as “poorly conceived” and claimed […]

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19 May 23

Bipartisan Securities Clarity Act re-introduced amid crypto regulatory challenges

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Amid ongoing legal battles between the U.S. Securities and Exchange Commission (SEC) and several cryptocurrency organizations, a bipartisan effort led by majority whip Tom Emmer and representative Darren Soto has re-introduced the Securities Clarity Act. The act, initially presented in 2020, […]

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18 May 23

Coinbase One launches amid regulatory challenges

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Coinbase launches its subscription service, Coinbase One, in 35 countries, signaling a shift in its revenue model amidst ongoing legal disputes with the U.S. Securities and Exchange Commission. Coinbase has announced the launch of Coinbase One, a new subscription service, in […]

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17 May 23

Lightning Labs unveils updated protocol to address bitcoin’s BRC-20 challenges

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Lightning Labs, a leading Lightning Network infrastructure firm, has unveiled an enhanced edition of the Taproot Assets Protocol, offering users a potentially more efficient method for minting new assets on the blockchain. The protocol addresses the current inefficiencies and network congestion […]

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10 May 23

FTX’s Bankman-Fried challenges law firm’s role in prosecution

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied FTX founder Sam Bankman-Fried seeks to involve FTX’s current leadership and its legal representatives at Sullivan & Cromwell in the criminal case against him, claiming their extensive cooperation with the government. This move could significantly impact his defense strategy and bring […]

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09 May 23

Core Scientific challenges Celsius Network’s $4.7m compensation claim

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Core Scientific, a bankrupt bitcoin miner, is protesting against the payment of $4.7 million in executive compensation filed by crypto lending platform Celsius Network. The latest development has resulted in a contractual battle between the two companies. In a Texas bankruptcy […]

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25 Apr 23

Digital euro to complement cash, privacy challenges addressed

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Fabio Panetta, European Central Bank (ECB) board member, assures the digital euro will enhance existing cash options while tackling privacy concerns amidst the need for security in the evolving financial landscape. In a recent gathering of the European Parliament’s Committee on […]

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17 Apr 23

Paxful unfreezes majority of user accounts amid legal battles and regulatory challenges

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Paxful, a leading peer-to-peer cryptocurrency marketplace, has successfully unfrozen 88% of previously suspended user accounts, as announced by its former CEO, Ray Youssef. Paxful has seen a majority of its previously frozen user accounts unfrozen, according to an announcement from its […]

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07 Apr 23

Florida governor Ron DeSantis challenges CBDCs, defends financial freedom

Florida governor Ron DeSantis has voiced strong opposition to central bank digital currencies (CBDCs), asserting that they threaten to undermine the financial freedom of Americans. Florida Governor Ron DeSantis has recently taken a strong stance against CBDCs, arguing that they pose a significant threat to the financial freedom of Americans. DeSantis sees danger in CBDCs […]

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