New York Attorney General’s Lawsuit Against DCG Dismissed
The NYAG has filed motions to dismiss the $3B fraud lawsuit against DCG and its CEO. They contend that the accusations made against them are "baseless innuendo."
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Arizona Senate Considers Bitcoin ETFs for State Retirement Systems
Key Takeaways The Arizona State Senate is currently mulling over a proposal that could potentially shake up the investment landscape for the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS). This proposal suggests delving into…
BlockFi Secures $874.5 Million Settlement with FTX and Alameda Research
Key Takeaways In a notable development BlockFi, a company previously entangled in financial distress following the collapse of Terra’s stablecoin in mid-2022, has reached a substantial in-principle settlement totaling $874.5 million with FTX and Alameda Research estates. This agreement, revealed…
Doge to the Moon: When will Dogecoin reach $1?
With BTC reaching all time high level, many other cryptos are following suit. Dogecoin has also bounced back strongly from the bottom level. Can it break the all time high level and reach the $1 level. In this article, we…
Bitstamp Secures Major Payment Institution License in Singapore
Key takeaways: Bitstamp, a prominent cryptocurrency exchange, has received in-principle approval for a Major Payment Institution license from the Monetary Authority of Singapore (MAS). This development signals Bitstamp’s progress towards offering digital payment token services in Singapore, moving beyond its…
WOOFi Exchange Suffers $8 Million Loss in Flash Loan Exploit on Arbitrum
Key takeaways: In a recent development, WOOFi, a decentralized exchange (DEX), disclosed a significant financial setback resulting from an exploit in its Arbitrum lending market. The exploit, detected by blockchain security firms including PeckShield, Hypernative, and Chainalysis, targeted WOOFi Swap…
Bitcoin Mining Giant Hut 8 Shutters Operations Amid Escalating Energy Expenses
The Canadian bitcoin miner Hut 8 is leaving its Drumheller, Alberta, location owing to power outages and rising energy expenses.
New Zealand Crypto Exchange Dasset Goes Into LiquidationÂ
key takeaways: In an unexpected twist of events, Dasset, a well-established cryptocurrency exchange situated in New Zealand, has recently made a surprising announcement about entering into a state of liquidation. The challenges faced by cryptocurrency enterprises show no sign of…
Coinbase Asks Court to Reject Use of Default Judgment Ruling in SEC Lawsuit
Key Takeaways Coinbase’s legal battle with the U.S. Securities and Exchange Commission (SEC) has taken another turn as the cryptocurrency exchange challenges a previous judgment that classified secondary sales of crypto assets as “securities transactions.” Lawyers representing Coinbase have urged…
Terra Founder Do Kwon Triumphs in Appeal Against US Extradition
The ongoing story of Do Kwon is that a Montenegrin court has once again overturned an earlier ruling that called for the executive's extradition to the US.
