SEC vs. Ripple: Huge win for crypto
On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses Ripple’s latest win against the SEC and what it means for the crypto market. Go to Source Powered by WPeMatico
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Nevada court approves regulator’s petition to place Prime Trust into receivership, pending hearing
Prime Trust will have the opportunity to show why a petition from the Nevada Financial Institutions Division should not be permanently granted in an Aug. 22 hearing. Go to Source Powered by WPeMatico
Marathon shareholders file lawsuit against company’s top management
The CEO and other top executives are being accused of a breach of fiduciary duties, unjust enrichment and waste of corporate assets. Go to Source Powered by WPeMatico
Bankrupt Celsius to spend $24M from GK8 sale on legal expenses
After buying GK8 for $115 million in 2021, Celsius is selling it for $25 million, spending 96% of the sale proceeds on legal fees. Go to Source Powered by WPeMatico
Thodex CEO sentenced to Turkish prison for failure to submit tax documents
Faruk Fatih Özer failed to submit the requested documents to the Tax Inspection Board. He denied being Thodex’s official at the time, which prevents him from presenting the requested books. Go to Source Powered by WPeMatico
SEC vs Ripple referred to judge who ordered release of ‘Hinman Documents’
Judge Analisa Torres has sent the remaining issues in the SEC versus Ripple case to Magistrate Judge Sarah Netburn. Go to Source Powered by WPeMatico
Ripple CLO says court ruling could encourage banks to adopt XRP: Report
A July 13 court ruling in Ripple’s legal battle with the SEC suggested XRP may not necessarily be a security, a decision which has already made significant waves in the space. Go to Source Powered by WPeMatico
BlockFi CEO ignored risks from FTX and Alameda exposure, contributing to collapse: court filing
Crypto lending firm BlockFi had roughly $1.2 billion in assets tied to FTX and Alameda Research when the firm filed for bankruptcy in November 2022. Go to Source Powered by WPeMatico
US SEC files lawsuit against Celsius and Alex Mashinsky: Report
Last week, a separate U.S regulator, the CFTC reportedly found that Celsius and Alex Mashinsky broke several regulations before the collapse in 2022. Go to Source Powered by WPeMatico
Court: FTX spent $400 million on the acquisition of its European branch
The goal behind an overpriced buyout of the Swiss company was to get a proper European license. Go to Source Powered by WPeMatico