Ripple CEO Brad Garlinghouse stated that Ripple will have spent $200 million to defend itself from the U.S. Securities and Exchange Commission lawsuit. The SEC filed a lawsuit against Ripple and accused CEO Brad Garlinghouse and Co-founder Chris Larsen of breaching SEC laws by selling XRP without registering it with
The crypto exchange Coinbase responded to the SEC’s Wells notice. Coinbase provided written and video submissions to the SEC and discussed those submissions with the SEC a few days ago. Today, to provide greater transparency in our long-standing engagement with the SEC, we are sharing our response to the Wells
Grabbing the tech world’s focus, Elon Musk hints at a “lawsuit time” with Microsoft against the “illegal” exploitation of Twitter’s data for equipping its AI model. This threat arrives just in time after the announcement of Microsoft abandoning Twitter services on its advertising platform. Microsoft denied paying the high API
The XRP token surged over 15% in the last 24 hours after its issuer’s reports. Investor’s hope increased after Ripple well-placed in the winning position of the landmark case with the U.S. Securities and Exchange Commission on Tuesday. The SEC sued Ripple in 2020, alleging the firm sold unregistered securities.
The lawsuit between Ripple and SEC is the showstopper from December 2020, the time when the case was filed. The importance and interest poured into this legal war are pretty evident to everyone in the crypto field. The case is conducted in the Federal Court of New York, Manhattan. The
A group of crypto users has raised a complaint against Coinbase. Coinbase has frozen its user’s accounts. The group demands $5 million as a settlement for damages. Six Coinbase users have accused the company of freezing their accounts without a valid reason for months. The group has also demanded $5
HDR Global Trading Limited, the parent firm of the cryptocurrency exchange Bitmex is facing a civil lawsuit claiming the exchanges three co-founders looted $440 million from the platform. HDR Co-founders faced criminal charges Moreover, the co-founders of the exchange are Arthur Hayes, Ben Delo, and Samuel Reed. However, they have
Fisco representatives filed a complaint on Binance in the Northern California District Court for the stolen funds from Zaif seeking the return of over $9 million. In the 2018 hack, Fisco, the Japanese exchange has lost nearly $60 million worth of crypto. This includes some units of Bitcoin (5966), Bitcoin
