Texas Court Dismisses Consensys Lawsuit Against SEC
The U.S. District Court has dismissed the Consensys lawsuit against the SEC regarding Ethereum and MetaMask on procedural grounds. The United States District Court dismissed Consensys Software Inc. ‘s lawsuit against the Securities and Exchange Commission for the Northern District of Texas. This occurred following a protracted legal dispute regarding the status of Ethereum and […]
Terraform Labs is Granted Court Approval To Cease Operations
Terraform Labs received court approval to cease operations during a bankruptcy hearing, which resolved the SEC lawsuit. In the most recent bankruptcy hearing, Terraform Labs was granted court consent to cease operations, which attracted the attention of investors. The firm’s plan, which a US bankruptcy judge authorized after its settlement with the US Securities and […]
Ripple-Linked Wallet Transfers 100Million XRP Tokens
A Ripple-linked wallet recently moved 100 million XRP, valued at approximately $57.92 million, sparking concerns within the community as the deadline for the SEC’s appeal approaches. According to Whale Alert, a renowned crypto tracking platform, an address associated with Ripple substantially transferred XRP on September 19, 2024. The transaction entailed the transfer of 100 million […]
US SEC Fines Flyfish Club $750K for NFT Violations
Flyfish Club raised $14.8 million by selling around 1,600 NFTs, marketed as memberships to an exclusive dining club. In response to Flyfish Club, LLC’s unregistered sale of non-fungible tokens (NFTs), the United States Securities and Exchange Commission (SEC) has issued an order against the company. The judgment has led to a growing disagreement within the […]
Will Robinhood Crypto Launch Its Own Stablecoin?
Amid the increasing popularity of stablecoins, Johann Kerbrat of Robinhood Crypto suggests that a potential stablecoin introduction is near. Johann Kerbrat, Robinhood Crypto’s General Manager, suggested that the company may create its stablecoin during a recent podcast with Tony Edward (Thinking Crypto). Kerbrat discussed the significance of stablecoins and their role in the crypto space, […]