Legal
Argo Blockchain hit with class action lawsuit over IPO misinformation
Argo Blockchain is accused of failing to disclose that its business was highly susceptible to electricity costs and network difficulties.
Christian Nwobodo 1 min read
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Regulation
SEC re-declines Bitcoin ETF from ARK, 21Shares
The regulator rejected a proposed rule change from Cboe BZX.
Featured
Beto O’Rourke sets up $100,000 fund from $1M SBF donation for FTX victims
O'Rourke campaign said it will hold on to $100,000 of the $1 million donation pending the outcome of investigations against SBF over campaign finance violations.
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Regulation
Elizabeth Warren urges stricter regulation, says solution to crypto fraud begins with the SEC
Senator Warren said that the crypto industry is 'scared' of a strong SEC and is, therefore, spending millions lobbying to escape oversight.
Bankruptcy
FTX creditors include Google, Meta, Circle, Genesis, govt. agencies
The impact of the FTX meltdown has outstripped the crypto ecosystem and leeched into the mainstream tech industry and beyond.
Bankruptcy
Roger Ver says he can afford to pay Genesis $20M but insolvency changes agreement
Ver claims that his agreement required the company to remain solvent.
Legal
Arizona senator keeps pushing to make Bitcoin legal tender
If approved, the bill would allow Arizona residents to transact and pay taxes with BTC. A similar bill was first introduced in January 2022.
Regulation
Circle blames SEC for failed plan to go public
Circle said it expected the SEC to have a "thorough, rigorous review process" but the regulator failed to process its S-4 registration before the expiration of its SPAC deal despite ample time.
Bankruptcy
Core Scientific raised $500M from BlackRock, Apollo and others
Core Scientific also received over $50 million from these institutional investors in DIP loans to continue operations during bankruptcy proceedings.
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Bankruptcy
Genesis creditors launch class action lawsuit against DCG, Barry Silbert
Bankruptcy
Unredacted BlockFi financials show over $1.2B link to FTX, Alameda
Bankruptcy
Celsius may restructure and issue new token
Regulation
