Nvidia Crypto Sales Case May Trigger ‘Frivolous’ Lawsuit Surge — Advocate Group
The Digital Chamber warns that the revived Nvidia investor lawsuit could lead to a surge in “frivolous” securities suits against the crypto industry if allowed to proceed. An industry advocacy group asserts that the crypto industry may be exposed to a surge of “frivolous securities lawsuits” if the United States’ highest court permits the resumption […]
BlackRock Now 3rd-Largest Bitcoin Holder with 350,000 BTC
BlackRock’s accumulation of nearly 350,000 BTC marks a strategic shift, now making the company 3rd largest bitcoin holder, fuelled by successful Bitcoin ETFs and growing institutional interest. The success of its Bitcoin-focused ETFs and the increased interest of institutional investors have contributed to BlackRock’s growing presence in the cryptocurrency market, which has led to this […]
Lawsuit Labels Binance a ‘Crypto-Wash Empire’ Over Money Laundering
Binance and former CEO Changpeng Zhao face a class-action lawsuit in Seattle, alleging consumer harm from the exchange’s money laundering activities. The suit claims they prioritized profits by enabling illicit actors to launder funds. In a Seattle Federal court, a new class-action lawsuit has been filed against Binance and its former CEO, Changpeng Zhao, for […]
Metaplanet Increases Bitcoin Holdings
Metaplanet purchased 57.273 BTC for $3.4 million, bringing its Bitcoin holdings to around $22 million. Metaplanet, a Japanese investment adviser, has acquired an additional 57.273 BTC for $3.4 million. The company’s Bitcoin holdings were approximately $22 million as of August 20. A loan with an annual interest rate of 0.1% was arranged by the company […]
Galaxy Digital Buys 400 BTC, Lifts Market Optimism
Galaxy Digital’s $23 million Bitcoin purchase, despite BTC falling below $60,000, has sparked optimism in the crypto market. Despite Bitcoin’s recent decline below the $60,000 threshold, on-chain data indicates that this acquisition is approximately $23 million. Positive sentiment in the broader crypto market has been awakened by this substantial acquisition. Given the recent decline in […]