The US court has drawn a distinction between Ripple Labs’ case and those of Terraform and LBRY. Judge Analisa Torres based her decision on the understanding and expectations of retail investors. The court highlighted that Ripple’s sales of XRP are not synonymous with the Terraform case, as retail investors would not expect XRP sales to […]
John E. Deaton, a lawyer known for his pro-XRP stance, has hinted at a potential significant defeat for the Securities and Exchange Commission (SEC) in its ongoing case against Coinbase. Deaton believes that the odds of Coinbase winning the motion to dismiss have improved to 50%, which is an extraordinarily high percentage for victory. He […]
Pionex, the world’s leading AI trading bot platform, hosted the largest networking event at Messari’s 2023 Mainnet on September 22nd. The event was attended by over 800+ founders, investors, and venture capitalists, including Polygon, Horizon Labs, Magna, Pantera Capital, Outlier Ventures, and Deep Ventures. The event was organized with the aim of advancing the frontier […]
The US District Court for the Southern District of New York has denied the Securities and Exchange Commission’s (SEC) motion for an interlocutory appeal in its case against San Francisco-based blockchain tech company Ripple Labs. The judge noted that the issues at hand involve complex factual and economic analyses, and that the SEC did not […]
Arthur Hayes, former CEO of crypto exchange BitMEX, believes that a new Bitcoin and crypto bull market could be on the horizon due to ballooning yields in the U.S. treasury. This phenomenon, known as a “bear steepener”, occurs when long-term interest rates rise more quickly than short-term ones. Banks are unable to account for this […]
The United States District Court for the Southern District of New York is continuing with the sentencing of the key individuals behind the AirBit Club cryptocurrency Ponzi scheme. On October 3, Scott Hughes, Cecilia Millan and Karina Chairez were sentenced to 18 months, five years and one year and one day in prison respectively. All […]
Ripple achieved another legal victory as a federal judge dismissed the SEC’s appeal to a July ruling. Following this win, XRP’s price surged to nearly $0.55 amid a broader cryptocurrency market decline, marking its second significant price increase in response to legal developments.The trial in the lengthy lawsuit between Ripple and the SEC is scheduled […]
The United States Securities and Exchange Commission (SEC) has been dealt another setback in its ongoing legal battle against Ripple Labs. District Court Judge Analisa Torres has dismissed the SEC’s interlocutory appeal motion. On October 3, Judge Torres based her decision on the regulator’s failure to convincingly demonstrate “controlling questions of law” and “substantial grounds […]
The SEC filed a motion to oppose Coinbase’s motion to dismiss the case on October 3. Coinbase’s chief legal officer, Paul Grewal, said that the agency has no grounds for their claims as crypto assets have not been legally deemed as securities by Congress. Coinbase filed a motion to dismiss the complaint on August 4, […]
Recently, four Friend.tech users have had a total of 109 Ether ETH, worth around $178,000, stolen from their accounts in under a week. The users have warned of possible SIM-swap attacks, where exploiters gain control of a user’s mobile number to intercept two-factor authentication codes and access accounts. One user, Froggie.eth, reported that their account […]
