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DCG, Barry Silbert Take Stand Against NYAG’s Allegations, File to Dismiss $3 Billion Lawsuit
DCG and its CEO, Barry Silbert, have firmly rejected the New York Attorney General's Office (NYAG) allegations, dismissing them as unfounded and lacking concrete evidence. This confrontation may significantly influence the trajectory of the cryptocurrency industry. DCG, Silbert Move to... -
Coinbase Challenges SEC’s Classification of Crypto as Securities in Ongoing Legal Battle
Coinbase, the leading US cryptocurrency exchange, has challenged a Securities and Exchange Commission (SEC) ruling that classified secondary sales of crypto assets as securities transactions. The cryptocurrency firm argued that the proceedings needed to be properly examined. Coinbase Attorney Challenges... -
Virginia Sets Stage for Crypto and Blockchain Growth with Passage of Crypto Bill
The Virginia Senate has passed a landmark bill that would advance and create a better understanding of the blockchain sector in the state. More specifically, the bill would authorize a work group to research crypto mining and the blockchain sector... -
Legal Battle: Powerful Bitfinex Investor Sues Wall Street Journal
A legal battle unfolded when cryptocurrency investor Christopher Harborne sued The Wall Street Journal (WSJ) for defamation. The lawsuit stemmed from a WSJ expose that accused Harborne and his company AML Global Ltd of financial misconduct. Despite corrections made to... -
State AGs Show Support for Kraken, File Legal Opinion Against the SEC
Multiple state attorneys general (AGs) have rallied behind the crypto exchange Kraken, challenging the US Securities and Exchange Commission (SEC) for overstepping its bounds. The AGs argue that the SEC’s actions could endanger consumers and stifle innovation in the crypto... -
Peter Schiff Talks About Worries Regarding Gold Price Changes and Disapproval of Court Decision Against Donald Trump
Economist Peter Schiff highlights that gold mining companies, like Newmont Corporation, are facing challenges due to two primary factors. Firstly, inflation usually boosts gold prices, but currently, gold prices aren't rising much despite inflation. Secondly, the cost of mining gold... -
$26 Billion of Illicit Funds Flowed Through Binance Exchange – CBN Boss Cardoso
The Central Bank of Nigeria (CBN) has accused Binance, the world's largest crypto exchange, of facilitating $26 billion in illicit fund flows in Nigeria. This accusation comes amidst a crackdown on crypto trading and exchanges in the country, putting Binance’s... -
Crypto Should Follow Same Guidelines As TradFi – Senator Elizabeth Warren
Anti-crypto US legislator Elizabeth Warren has continued her call for a strong regulatory framework for the crypto industry. The Massachusetts Senator stated that crypto should be regulated according to the same guidelines as traditional financial institutions. In addition, she has... -
US Senators Kick Against White House’s Plans for a Digital Dollar
Five US Senators have joined hands in championing an anti-CBDC bill to checkmate the White House’s growing powers. The bill, titled the CBDC Anti-Surveillance State Act, seeks to curb what the Senators view as the Biden administration's overreach in financial... -
Mildura Crypto User Goes MIA After Exchange Mistakenly Transfers Over $600,000 to Account
An Australian man recently disappeared into thin air after a crypto exchange, OTCPro, mistakenly transferred over ten times his funds. The crypto exchange in question, owned by Rhino Trading, transferred $653,000 (995,000 Australian dollars) instead of $65,300 (99,500 Australian dollars)...