Month: April 2023

CZ, Binance, influencers face $1B lawsuit for unregistered securities promo

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Just five days after Binance and its CEO Changpeng โ€˜CZโ€™ Zhao got sued by the United States Commodity Futures Trading Commission (CFTC) for alleged trading violations, a new $1 billion lawsuit was filed against the crypto exchange, CZ, and three crypto influencers for promoting unregistered securities. On March 31, the Moscowitz Law Firm and Boies Schiller Flexner filed the $1 billion lawsuit in the Southern District of Florida claiming Binanceโ€™s involvement in trading unregistered securities and paying influencers for the unlawful promotion of such services, according to Fortune. While explaining…

Jim Cramer Advises Against Using Binance โ€” Says Crypto Exchange Is ‘Way Too Sketchy’ โ€“ Regulation Bitcoin News

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The host of Mad Money, Jim Cramer, has warned investors about using cryptocurrency exchange Binance, stating that the crypto trading platform is โ€œway too sketchy.โ€ Cramer cited former regulator Timothy Massad, who previously served as chairman of the U.S. Commodity Futures Trading Commission (CFTC). The regulatory agency recently took action against Binance and its CEO, Changpeng Zhao (CZ). Jim Cramer Warns About Binance The host of CNBCโ€™s Mad Money show, Jim Cramer, cautioned investors about using cryptocurrency exchange Binance on Friday. Cramer is a former hedge fund manager who co-founded…

US crackdown will push cryptoโ€™s ‘center of gravity’ to Hong Kong: Kaiko CEO

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The U.S. government’s frosty approach to cryptocurrency regulation could ultimately see the industryโ€™s โ€œcenter of gravityโ€ shift to Hong Kong, says Ambre Soubiran, the CEO of Paris-based institutional crypto market data provider Kaiko. The U.S. has been at the forefront of the crypto sector for quite some time, however, with the government seemingly adopting a regulation by enforcement approach, there is a growing feeling by some that a significant amount of companies, developers and investors will soon flock elsewhere to work in friendlier environments. 1 million tech jobs are at…

Elon Musk Asks Judge to Dismiss $258B Dogecoin Lawsuit โ€” Insists Tweeting Support for DOGE Isn’t Unlawful โ€“ Featured Bitcoin News

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Tesla and Twitter CEO Elon Musk has asked a U.S. judge to dismiss a $258 billion lawsuit filed against him by dogecoin investors. They alleged that the billionaire operated a pyramid scheme to promote the meme cryptocurrency dogecoin. โ€œThere is nothing unlawful about tweeting words of support for, or funny pictures about, a legitimate cryptocurrency that continues to hold a market cap of nearly $10 billion,โ€ Muskโ€™s lawyer argued. Elon Musk Wants Court to Dismiss Lawsuit by Dogecoin Investors Elon Musk, CEO of Tesla and Twitter, asked a U.S. judge…

F2Pool mining pool produced an invalid bitcoin block, BitMEX Research reveals

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BitMEX, a crypto derivatives exchange, pointed out that F2Pool, a bitcoin mining pool, produced an invalid block at height 783426 on April 1, 2023. However, they did not state why and are still investigating the matter. F2pool seems to have produced an invalid Bitcoin block today, at height 783426. The hash for the invalid block is 00000000000000000002ec935e245f8ae70fc68cc828f05bf4cfa002668599e4 โ€” BitMEX Research (@BitMEXResearch) April 1, 2023 F2pool produced an invalid bitcoin block According to BitMEX sponsored node monitoring tool,ย ForkMonitor, the bitcoin height 783426 produced two blocks. The hash for the invalid block…

Bitcoin Profits Deemed Taxable by Denmarkโ€™s Supreme Court โ€“ Taxes Bitcoin News

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Profits from the sale of cryptocurrencies like bitcoin are taxable, according to two rulings by the Supreme Court of Denmark. The verdicts in the cases, which involve crypto purchases and payments as well as income received from bitcoin mining, uphold decisions of lower courts. Denmarkโ€™s High Court Considers Crypto Gains Taxable Under Current Law Profits made from the sale of bitcoin are taxable in Denmark, the countryโ€™s Supreme Court has decided in two separate rulings announced on Thursday. Both decisions are in lawsuits filed against the Danish Ministry of Taxation…

FTX EU opens withdrawal, Elon Musk calls for AI halt, Binance…

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Top Stories This Week FTX EU launches withdrawal website to pay back European users The European arm of FTX has launched a website to allow customers in Europe to submit withdrawal requests. It comes nearly five months after the global trading platform collapsed and went bankrupt in early November. Meanwhile, in the United States, lawyers for former CEO Sam Bankman-Fried have entered a not-guilty plea for five additional charges, including accusations of bribery in China. On bail since being turned over to U.S. custody from the Bahamas, Bankman-Fried is now…

Donald Trump’s NFT cards value surges following his indictment

In a hearing on March 30, a US jury passed a verdict indicting former US president and commander-in-chief Donald Trump. All of a sudden, this sparked interest in his infamous NFTs again. Donald Trump, the former president of the USA, has faced serious legal problems in recent weeks. ๐ŸšจMAJOR BREAKING: Donald Trump has officially been INDICTED by a Manhattan grand jury on criminal charges relating to his illegal hush-money payment to Stormy Daniels. Trump is the FIRST president in U.S. history to be indicted. Heโ€™ll soon be booked, fingerprinted and…

Uniswap v3 code free to fork as BSL expires

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Developers are now allowed to fork Uniswap v3 protocol as its Business Source License (BSL) expired on April 1, shows the protocol documentation. The expiration was a much-anticipated event within the DeFi ecosystem, as it enables developers to deploy their own decentralized exchange (DEX).ย  The BSL is a type of license meant to last for a determinate period before becoming completely open source. In general, the purpose is to protect the author’s right to profit from their creations. Uniswap v3’s license was released in 2021 for a period of two…