The Supreme Court agreed with cryptocurrency exchange Coinbase on June 23, ruling 5–4 that customer disputes shouldn’t move forward in the lower courts while appellate courts have yet to rule on the company’s request to divert those cases to arbitration panels. The decision is expected to reinforce the ability of companies to direct customer disputes…
Supreme Court Sides With Crypto Giant Coinbase in Arbitration Dispute
June 23, 2023
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Binance Lawsuit Triggers $700M in Withdrawals
June 7, 2023
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The Securities and Exchange Commission (SEC) lawsuit against crypto platform, Binance, triggered over $700 million in withdrawals as crypto traders continued to face losses. The SEC filed 13 charges against Binance and its CEO, Changpeng “CZ” Zhao, for allegedly participating in an “extensive web of deception” to mislead customers and evade federal regulatory laws. The case against…
Binance Lawsuit Triggers $700 Million in Withdrawals
June 7, 2023
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binanceBusiness & MarketsCompaniesCrime & Public Safetycrypto currencycryptocurrencyeconomyExecutive BranchInvestmentMarketsMedia & Big TechPolicies & ImpactsPoliticsSecurities and Exchange CommissionstocksTechTech NewsUS
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The Securities and Exchange Commission (SEC) lawsuit against crypto platform, Binance, triggered over $700 million in withdrawals as crypto traders continued to face losses. The SEC filed 13 charges against Binance and its CEO, Changpeng “CZ” Zhao, for allegedly participating in an “extensive web of deception” to mislead customers and evade federal regulatory laws. The case against…
Crypto Exchange Coinbase Asks Supreme Court to Compel Disgruntled Customers to Pursue Arbitration
March 22, 2023
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An attorney for cryptocurrency exchange Coinbase told the Supreme Court on March 21 that current customer disputes should not move forward in the lower courts while appellate courts have yet to rule on the company’s request to divert those cases to arbitration panels. Coinbase finds itself at the Supreme Court because it prefers the arbitration…
Did Rate Hikes Kill the Crypto Star?
Commentary If we look at the staggering decline of the cryptocurrency index in 2022, we may understand an uncomfortable truth. Cryptocurrencies were created as an alternative to the monetary insanity in the fiat currency world yet became a massive bet on the money expansion they were supposed to combat. Cryptocurrencies didn’t become uncorrelated assets independent…
‘Wild West’ of Crypto Readies for Tax Laws
The “wild west” of cryptocurrency is starting to gain the acceptance and understanding of lawmakers. Robert Francis, managing director at trading platform eToro Australia, said the explicit acknowledgement of crypto in the Australian federal budget was a first, with new tax laws to be introduced to parliament. He said the budget had provided investors and…
Bitcoin Falls to 18-Month Low as US Inflation Spikes to Record High
Cryptocurrency Bitcoin tumbled below the $24,000 level on Monday trading, following dismal U.S. inflation data. Meanwhile, crypto lender Celsius Network froze transfers and withdrawals. Bitcoin was trading at $23,971 as of June 13, 8:51 a.m. EDT, down over 9.8 percent from its opening at around $26,600—its lowest level in around 18 months. The digital currency is…
Johnny Depp Ethereum NFT Sales Soar as He Triumphs Against Amber Heard in Defamation Trial
Johnny Depp’s collection of Ethereum based NFTs saw a sharp surge in interest following the conclusion of the defamation trial against his ex-wife Amber Heard. What Happened Depp’s collection titled “Never Fear Truth” had a total trading volume of 1,500 ETH since its launch. After the jury reached its final verdict, awarding Depp $10 million in compensatory damages…
Bitcoin Slumps to Lowest Monthly Level, ‘Could Get Ugly’ If $38,000 Point Breached
Bitcoin has fallen to its lowest level in about a month, with prices dropping to $38,580 on April 18 as investors remain risk-averse to the digital currency and uncertainties mount over demand for these coins. After exceeding $68,500 in November 2021, Bitcoin prices fell below $33,500 in January 2022. Since Russia invaded Ukraine, the cryptocurrency…
Bitcoin Holds Ground After Touching Highest This Year
LONDON—Bitcoin on Tuesday held ground just below its highest this year, touched a day earlier, with gains for the original cryptocurrency topping 27 percent since the Ukraine war. Bitcoin hit $48,234 on Monday evening, its highest since Dec. 31. It was last trading up 0.9 percent at $47,553. Its gains lifted smaller cryptocurrencies that tend…
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