News
Jump Trading seeks to move Terra class action suit to California
The lawsuit, initially filed on May 9, alleges the firm and its CEO was involved in a price manipulation scheme tied to the TerraUSD stablecoin. Algorithmic and high-frequency trading firm Jump Trading is seeking to have the class action lawsuit against the firm moved...
a16z opening London crypto office citing ‘predictable’ environment
The expansion came following a “productive dialogue” with the U.K. Prime Minister and “months of constructive conversations” with UK policymakers, a16z’s general partner said. Venture capital firm Andreessen Horowitz (a16z) is set to open its first office outside of...
FTX authorized to ‘permanently redact’ names of individual customers: Report
The names of FTX's individual customers will not be revealed to the public in an effort to protect them from potential scams and identity theft. Bankrupt cryptocurrency exchange FTX has reportedly been granted permission to permanently remove individual customers from...
Scammers steal nearly $1M after hijacking 8+ prominent crypto twitter accounts
The group of scammers have recently taken over accounts belonging to the founder of Pudgy Penguins, the CTO of OpenAI and even crypto hater Peter Schiff. Over the past few weeks, a group of scammers has hijacked more than eight Twitter accounts belonging to prominent...
Moody’s downgrades Coinbase citing ‘uncertain magnitude’ of SEC charges
Meanwhile, financial services firm Berenberg Capital told Cointelegraph that it viewed Coinbase shares as "uninvestable" in the near term. Credit ratings agency Moody's has downgraded its rating of Coinbase from “stable” to “negative” following the SEC’s legal action...
CEX trading volumes fell to 4-year lows even before Binance, Coinbase suits
Monthly trading volumes on centralized exchanges continued to fall in May as regulators tighten their grip on the industry. Trading volumes on centralized exchanges have fallen to their lowest levels in more than four years amid mounting regulatory pressure from...
SEC lawsuits squeeze net worths of Coinbase and Binance CEOs
Brian Armstrong and CZ have seen respective net worth losses of 11.8% and 5.1% since the SEC sued Coinbase and Binance. The net worths of Coinbase CEO Brian Armstrong and Binance CEO Changpeng Zhao (CZ) have suffered heavy blows due to recent lawsuits by the United...
Binance lawsuit: 61 cryptocurrencies are now seen as securities by the SEC
With its latest suit against Binance, the United States Securities and Exchange Commission has now labeled at least 61 cryptocurrencies as securities, affecting $100 billion worth of tokens on the market. The total number of cryptocurrencies the United States...
Ripple case: Pro-XRP lawyer tips outright SEC victory at ‘less than 3%’
Attorney John Deaton says there’s a 25% chance Ripple will see an outright win against the Securities and Exchange Commission, while rumors fly of a possible Ripple IPO. Pro-XRP lawyer John Deaton has tipped less than a 3% chance for the United States Securities and...
Elliptic integrates ChatGPT to bolster crypto risk detection
Crypto risk management firm Elliptic believes that ChatGPT will assist in scaling up intelligence and expose risks to crypto users that "they can't get anywhere else." Crypto risk management firm Elliptic has integrated ChatGPT to ramp up its efficiency in detecting...