Galaxy Digital pulled out of the $1.2B merger because it could not afford it, says BitGo
BitGo claim it had submitted a comprehensive financial statement as requested, hence the blame game played by Galaxy was a subtle way to cover for its illiquidity to complete the merger transaction.
Crypto promoter Ian Balina labels SEC charge ‘frivolous’, turns down settlement
The SEC filed charges against the cryptocurrency promoter Ian Balina for violating federal securities law
Australian senator releases draft bill to push for crypto regulation
Australian liberal senator Andrew Bragg introduced a draft bill for regulations on digital asset exchanges and Chinese banks provisioning digital e-Yuan.
Ripple, SEC file summary judgment as crypto community watch keenly
Ripple contended that the XRP is not a security under the Howey test as its transfer does not involve an investment contract.
Reuters reports major US banks pausing crypto lending plans amid challenging SEC guidelines
The SEC did not consult banking regulators before issuing guidance on crypto banking services, according to Reuters.
Celsius seeks court approval to sell $23M worth of stablecoin assets
Celsius is looking to sell the stablecoins to generate more liquidity to fund its business operations.
LUNA sinks 20% after South Korea issues arrest warrant for Do Kwon
Kwon’s arrest warrant is valid for one year and prosecutors are willing to try different tactics to bring to book.
US Treasury Department requiring US citizens to get a license for withdrawing assets from Tornado Cash
US citizens who had sent cryptocurrency to Tornado Cash but did not complete the mixing transaction before the sanctions can apply for a withdrawal license from the OFAC.
BitGo sues Galaxy Digital for $100M over broken merger agreement
After agreeing to acquire BitGo for $1.2 billion, Galaxy Digital backed out saying it never received BitGo's audited financials.
Long awaited Hodlonaut vs Craig Wright trial starts
The legal dispute between Twitter influencer Hodlonaut and Australian computer scientist Craig Wright has been ongoing since 2019, and the trial finally started on Sept. 12. with Hodlonaut's statements.
South Korea sentences metaverse sexual abuser to 4 years imprisonment
The unnamed man was banned from working in any entity involving minors and the disabled. He also must attend a mandatory program for sexual offenders.
Celsius borrowers oppose US Trustee’s move to appoint internal examiner
A group of borrowers have filed a motion arguing that in order to maintain transparency and unbiased assessment of Celsius' financials, a chapter 11 Trustee should be appointed.
Coinbase finances Tornado Cash users’ lawsuit against US Treasury Department
The plaintiffs argued that the authorities overstepped their authority and also violated their rights.
Zipmex facing legal battle with Thailand SEC over non-compliance
Thailand's SEC has accused Zipmex and its CEO Eklarp Yimwilai of failing to submit complete information about transactions and wallets holding customers' asset prior to withdrawal freeze.
Law firms request removal of Roche Freedman in Tether case over allegations made in viral video
Roche Freedman said the allegations against Kyle Freedman are not sufficient to disqualify the entire firm.
Australia creates special crypto police unit to crack down on money laundering
In the first four months of 2022, crypto scam losses in Australia grew 166% to $140 million, compared to the same period in 2021.
Congress not looking to ban crypto as it has ‘too much money and power behind it’
U.S. Congressman Brad Sherman admits crypto has too much money behind it to be banned, even though he sees it as a threat to U.S. national security.