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Coinbase CEO Brian Armstrong Defends Company Amid SEC Lawsuit, Contrasts With Binance Case
Wednesday, June 7, 2023 - 3:33pm | 480Coinbase CEO (NASDAQ: COIN) Brian Armstrong has asserted that the lawsuit filed against his company by the U.S. Securities and Exchange Commission (SEC) is vastly different from the one filed against rival cryptocurrency exchange Binance (CRYPTO: BNB). Speaking to CNBC,...
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Bitcoin ETF In The US? VanEck's Boss Says 'Forget It'
Friday, May 19, 2023 - 3:35pm | 487Jan Van Eck, the CEO of VanEck, an investment management firm, has predicted a bleak future for the launch of a Bitcoin-spot exchange-traded fund (ETF) in the United States, dismissing any near-term chances of approval. He expressed this sentiment during a discussion at the ongoing Bitcoin...
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SEC Sues Yet Another Crypto Company — This Time It's Bittrex — In Latest Challenge For Industry
Tuesday, April 18, 2023 - 11:05am | 679The U.S. Securities and Exchange Commission filed a lawsuit against crypto exchange Bittrex and one of its co-founders alleging it was operating as an "unregistered national securities exchange, broker, and clearing agency." Bittrex co-founder and former CEO William Shihara was named in...
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Do Kwon Faces Justice: New Details On Dramatic Takedown, Extradition Showdown
Friday, March 24, 2023 - 11:57am | 477Montenegro has charged South Korean fugitive and cryptocurrency entrepreneur Do Kwon with forgery, and he is expected to face extradition proceedings in court. Kwon is accused of fraud following his company's abrupt collapse in 2022, which erased about $40 billion of investor funds and...
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Terraform Labs Linked To Crypto Fugitive Do Kwon Being Investigated By Singapore Police
Monday, March 6, 2023 - 9:54am | 456The Singaporean police on Monday announced that they have started an investigation related to Terraform Labs Pte, the company co-founded by cryptocurrency fugitive Do Kwon. In a statement, police revealed that they have begun inquiries into Terraform Labs, adding that the investigations are still...
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SEC Proposes Rule Making It Harder For Crypto Firms To Work With Hedge, Pension Funds
Tuesday, February 14, 2023 - 1:38pm | 534The U.S. Securities and Exchange Commission (SEC) is set to propose rule changes that would make it harder for crypto firms to be designated as "qualified custodians," Bloomberg reported. The new rules would allow crypto firms to hold client assets for money managers. While the proposed...
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Stablecoin Operator Circle Points Finger At SEC For Abandoned $9B SPAC Deal
Wednesday, January 25, 2023 - 11:33am | 441Stablecoin issuer Circle (CRYPTO: USDC) has stated that the Securities and Exchange Commission is to blame for the failure of its $9 billion plans to go public through a SPAC deal. What Happened: The group abandoned listing plans in December, telling the Financial Times that the deal fell...
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Voyager Fights For Binance.US Deal Amid Objections From Regulators, Alameda Research
Monday, January 9, 2023 - 12:34pm | 391Voyager is defending its intention to sell $1 billion worth of assets to Binance.US. The cryptocurrency lender called objections to the deal "hypocrisy and chutzpah based on unverified speculation,” according to legal documents. Alameda Research, the trading division of insolvent...
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Bankrupt BlockFi Sues Sam Bankman-Fried Over Robinhood Shares Pledged As Collateral
Monday, November 28, 2022 - 10:28pm | 315BlockFi, the latest crypto lending platform to go bankrupt, has filed a suit against FTX (CRYPTO: FTT) founder Sam Bankman-Fried's holding company Emergent Fidelity Technologies, seeking his shares in Robinhood (NASDAQ: HOOD), which were allegedly pledged as collateral earlier in November...