Nearly three decades after Tupac Shakur was shot multiple times in a drive-by shooting in Las Vegas, a self-described “gangster” made his first court appearance to answer for the hip-hop legend’s death. Duane “Keefe D” Davis, 60, stood shackled, wearing a dark-blue jail uniform and plastic orange slippers at the …
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Grayscale Investments LLC, one of the world’s largest crypto asset managers, has secured an unexpected court win against the US Securities and Exchange Commission (SEC). A three-judge panel in DC’s Court of Appeals in Washington ruled that the SEC’s denial of Grayscale’s proposal was “arbitrary and capricious” in that the …
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Celsius Network filed for Chapter 11 bankruptcy protection in April 2022, hoping to restructure its debt and find a buyer for its assets. Celsius Network, the bankrupt crypto lending company, has taken a significant step forward in prioritizing the needs of its creditors. The company is currently seeking court approval …
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During a court hearing held on Thursday, September 28, 2023, the Court ruled that the former CEO of now-bankrupt crypto exchange FTX Sam Bankman-Fried aka SBF will remain in jail throughout his trial. Sam Bankman-Fried To Remain In Jail Throughout His Trial At the brief court hearing on Thursday at …
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Ahead of Sam Bankman-Fried’s (SBF) trial, which begins next week, Judge Lewis Kaplan, the Judge in charge of the case, has laid out certain orders in response to the Prosecution and Defendant’s in limine motions. Illegal Campaign Scheme Integral In Sam Bankman-Fried Trial As part of its in limine motion, …
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Tron’s founder, Justin Sun, has pointed out a recent article by the Shanghai Second Intermediate People’s Court, which seems to legitimize the flagship digital currency, Bitcoin, despite China’s anti-crypto stance. What The Chinese Court Has To Say In a tweet shared on his X (formerly Twitter) platform, Sun quoted a …
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The Australian Securities and Investments Commission (ASIC) has initiated civil proceedings against Bit Trade, the provider of the Kraken cryptocurrency exchange in Australia, for disregarding design and distribution requirements for one of its trading products. ASIC Targets Margin Trading Product On Kraken According to an official statement published on September …
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The legal struggle between crypto exchange Binance and the United States Securities Exchange Commission (SEC) continues. The SEC has accused Binance.US of noncooperation in the ongoing investigation. The agency points out that Binance.US’s holding company, BAM, has produced only 220 documents during the discovery process. Many of those materials “consist …
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The merger between Hut 8 and USBTC is not just a significant event within the crypto space, it also holds great promise for investors and the broader financial markets. In a recent development, Hut 8 Mining Corp (NASDAQ: HUT) has received final approval from the British Columbia Supreme Court for …
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Earlier this week, crypto exchange FTX revealed that it holds more than 16% or $1.16 billion of the token’s outstanding supply in Solana. In a major development on Wednesday, September 13, the Delaware Bankruptcy Court gave a nod to bankrupt crypto exchange FTX to proceed with the sale of its …
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The United States Securities and Exchange Commission has submitted a new filing pushing for the approval of its request to appeal the court’s judgment in the lawsuit against Ripple Labs. This comes exactly a week after the payment technology platform argued that the court should not certify the commission’s interlocutory …
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The U.S. Securities and Exchange Commission has submitted a filing urging the court to grant its motion to appeal a ruling from the Ripple Labs lawsuit that deemed that XRP was not a security when sold to retail investors. The agency argued that there are “knotty legal problems” surrounding the …
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