Kyle Roche Withdraws From high-profile crypto lawsuits
The founding partner of the new law firm Kyle Roche was said to have started frivolous class-action lawsuits to hurt Avalanche’s competitors. Kyle Roche is a crypto lawyer and the founding partner of the law firm Roche Freedman. On Wednesday, he filed to withdraw as counsel in several high-profile crypto class-action lawsuits after a whistleblower […]
Canceled SPAC Deal Leads To PrimeBlock’s CEO’s Exit
In the past few months, SPAC deals have been getting canceled because the market has been bad. Two people with knowledge of the situation say that the CEO of crypto miner PrimeBlock has left the company after it canceled a merger with 10X Capital Venture Acquisition Corp. II (VCXA) that would have made it a […]
Hashdex Firm Authorized to List ETPs in the European Union
Early this year, the Hashdex firm got permission to do business in Switzerland, and in May, it listed an ETP there. Hashdex Firm, a Brazilian company that manages crypto assets, said Tuesday that it has been given permission to list exchange-traded products (ETP) in the European Union. According to a statement released by Hashdex, they […]
Review By FASB Crypto Won’t Accept Certain Stablecoin
The accounting standards body explained what kinds of crypto assets would be covered by a rule that will soon be made about companies and their digital assets. The Financial Accounting Standards Board (FASB) is leaving out non-fungible tokens (NFT) and some stablecoins from its review of how cryptocurrencies should be accounted for, according to a […]
Crypto Regulation Bill Approved By California Assembly
The Digital Financial Assets Crypto Regulation Law has been criticized by people in the industry because it is like New York’s BitLicense. California Gov. Gavin Newsom is going to sign a bill that would require digital asset exchanges and other crypto companies to get a license to do business in the state. The bill was […]