Uniswap Labs, VC backers cleared of liability in scam token case as judge dismisses complaint

A judge for the United States District Court of Southern New York dismissed a class action suit against Uniswap in a filing dated Aug. 30. The lawsuit, which targeted Uniswap Labs as well as venture capital defendants Paradigm, Andreessen Horowitz, and USV, claimed that the plaintiffs suffered financial losses due to investing in scam tokens […] The post Uniswap Labs, VC backers cleared of liability in scam token case as judge dismisses complaint appeared first on CryptoSlate. дальше »

2023-8-31 23:10

The FBI is cracking down on illicit crypto cash flows

The Federal Bureau of Investigation is aggressively and rapidly escalating efforts to crack down on the illicit usage of cryptocurrencies across a wide range of criminal activities. A recent FBI forfeiture notice on August 21st detailed numerous seizures totaling 195 instances of major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) across multiple states and […] The post The FBI is cracking down on illicit crypto cash flows appeared first on CryptoSlate. дальше »

2023-8-22 23:00

SEC moves to appeal Ripple’s earlier victory

The U.S. Securities and Exchange Commission (SEC) moved to file an interlocutory appeal against Ripple on Aug. 18 as part of its ongoing case against the firm. Judge Analisa Torres in the Southern District of New York previously issued rulings on Ripple’s programmatic exchange sales of XRP and its distributions of XRP as payment for […] The post SEC moves to appeal Ripple’s earlier victory appeared first on CryptoSlate. дальше »

2023-8-19 00:20

Federal Reserve shuts down Farmington Bank over unapproved stablecoin project

The Federal Reserve took action against Farmington State Bank on Aug. 17, asserting the bank took on a stablecoin strategy without notifying supervisors or gaining approval. The U.S. government agency said that it approved Farmington’s application to become a bank holding company in 2020, at which time it imposed certain conditions on the bank and […] The post Federal Reserve shuts down Farmington Bank over unapproved stablecoin project appeared first on CryptoSlate. дальше »

2023-8-18 02:00

Valkyrie files for Ethereum futures ETF

Valkyrie Investments has filed for an Ethereum futures exchange-traded fund (ETF), as seen in a U.S. Securities and Exchange Commission (SEC) filing on Aug. 16. According to that filing, nearly all of the fund’s assets will be invested in exchange-traded Ethereum futures, while a small portion will be invested in collateral investments such as cash, […] The post Valkyrie files for Ethereum futures ETF appeared first on CryptoSlate. дальше »

2023-8-17 22:20

Coinbase launches Stand with Crypto Alliance, reports 52k ‘advocate’ signups on first day

Coinbase announced on Aug. 14 the launch of its Stand With Crypto Alliance, an initiative aimed at countering anti-crypto legislation by mobilizing the community at a grassroots level. While Coinbase has not detailed its long-term strategy, the company suggests that it aims to foster a grassroots movement and develop a proactive constituency advocating for legal […] The post Coinbase launches Stand with Crypto Alliance, reports 52k ‘advocate’ signups on first day appeared first on CryptoSlate. дальше »

2023-8-15 04:00

The SEC is exceeding its authority and encroaching on Congress’ lawmaking: Senator Lummis

U. S. Senator Cynthia Lummis filed an amicus brief on August 11 supporting Coinbase’s motion to dismiss against the U. S. Securities and Exchange Commission (SEC) lawsuit. Drawing attention to the Lummis-Gillibrand Responsible Financial Innovation Act, which aims to regulate crypto, the Senator said that there are already ongoing debates in Congress on crypto regulation. дальше »

2023-8-13 20:44