SEC Shakedown Pushes eToro To Delist ALGO, MANA, DASH, And MATIC

SECSummary: The investment provider will delist four cryptocurrencies for U.S. customers in response to the SEC’s lawsuits against Binance and Coinbase. Customers will not have the option to open new ALGO, MANA, DASH, and MATIC positions from July 12. Users can still hold and sell their positions until further notice. eToro cited “recent developments” as the reason following securities claims in filing against the two major cryptocurrency exchanges.  The U.S. Securities and Exchange Commission enforcement actions against crypto exchanges Binance […]

Andreessen Horowitz (A16z) Opens First Office Outside The US In London

A16zSummary: Venture Capital behemoth Andreessen Horowitz announced its first office outside the U.S. set to open later this year. The A16z office led by General Partner, Sriram Krishnan will be stationed in London as a strategic investment point for growing the UK’s web3 ecosystem. Prime Minister Rishi Sunak praised the move as the nation looks to develop into a global hub for blockchain innovation and Web3 businesses. Andreessen Horowitz (A16z) announced a London office scheduled to open later in the […]

OokiDAO Loses Lawsuit Filed By CFTC, Ordered To Pay $643,000

OokiDAO Loses Lawsuit Filed By CFTC, Ordered To Pay $643,000 3The CFTC has won a lawsuit filed against OokiDAO, setting a critical precedent for lawsuits involving decentralized autonomous organizations. OokiDAO has been ordered to pay a penalty of $643,000 and shut down its operations in the U.S.

Binance CEO Changpeng Zhao Summoned By D.C District Court

Binance CEO Changpeng Zhao Summoned By D.C District Court 1The D.C. District Court has summoned Binance CEO Changpeng Zhao in relation with the lawsuit filed against him by the SEC. Zhao has 21 days to respond to the complaint, failing which a default judgement will be entered against him.

SEC Named 16 Cryptos As Unregistered Securities Between Binance and Coinbase Lawsuits

SECSummary: The financial watchdog said 16 cryptocurrencies count as securities according to documents filed at a federal court. Tokens like SOL, MATIC, and ADA were named in lawsuits against Binance and Coinbase alleging violation of U.S. law. Chair Gary Gensler told CNBC that there’s no need for additional digital currencies since the Dollar and other fiat currencies are already digital. SOL, ADA, MATIC, and several other cryptocurrencies were named unregistered securities in two separate but similar lawsuits filed by the […]

FTX Objects To Genesis’ Proposed Mediation Extension

FTX Objects To Genesis’ Proposed Mediation Extension 1FTX and its affiliated debtors have filed an objection to bankrupt crypto lender Genesis’ proposed extension to its ongoing mediation period. FTX also took issue with Genesis estimating its $3.9 billion claim at zero.

Binance Australia Halts Local Bank Transactions Amid On/Off Ramp Roadblock

Binance AustraliaSummary: Binance suspended Australian Dollar deposits and withdrawals on June 1 after announcing the decision in May. Australian users can still buy and sell crypto tokens using their debit or credit cards, the exchange clarified in today’s announcement. The platform’s derivatives license was withdrawn in April following controversy with Binance user accounts and a request from the crypto exchange. Binance Australia will no longer allow users to deposit and withdraw AUD on the exchange weeks after first announcing the decision […]

Dogecoin Investors Accuse Elon Musk Of Insider Trading

Dogecoin Investors Accuse Elon Musk Of Insider Trading 1Dogecoin investors have accused Elon Musk of insider trading and manipulating the price of DOGE. In an amended complaint, the investors alleged that Musk used Twitter and public appearances to profitablu trade the meme token at their expense.