Nicolas Bonta, Bitfarms co-founder and chair, will take over as interim president and CEO after Geoffrey Morphy filed a lawsuit for $27 million in damages against the mining firm. Geoffrey Morphy, the now former President and CEO of cryptocurrency mining firm Bitfarms, will be stepping down immediately after filing a lawsuit against the company in…
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Key Points: Binance executive sues Nigeria’s NSA and EFCC over human rights violations. The Nigerian government charges Binance with tax evasion amidst currency impact concerns. Legal proceedings are adjourned as executives seek release; the digital asset community demands freedom. Detained Binance executive Tigran Gambaryan has taken legal action against Nigeria’s National Security Adviser (NSA) and…
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Key Points: A federal judge rules in favor of the SEC Coinbase lawsuit, affirming crypto assets as securities. Wahi settles with the SEC and DOJ, and Ramani faces legal action for involvement in trades. Kraken contests the SEC lawsuit, alleging retaliation, amid regulatory debate on crypto securities. According to Fortune, a federal judge in the…
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Central issues: The SEC goes against Binance’s movement, claiming protections infringement and extortion. Judge Jackson set an in-person hearing for January 18, 2024, for the two players to push for their situations under the watchful eye of the court. The U.S. Securities and Exchange Commission (SEC) has filed opposition to a motion to dismiss the lawsuit against…
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Central issues: Judge excuses legal claim against Tie and Bitfinex, finding absence of dependable injury claims. The claim scrutinized USDT’s worth cases yet needed proof of reduced genuine worth. Tie considers the excusal to be an assertion of their straightforwardness and commitments to maintain guarantees. Boss Adjudicator Laura Taylor Lover of the U.S. Locale Court…
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Central issues: Judge excuses legal claim against Tie and Bitfinex, finding absence of valid injury claims. The claim scrutinized USDT’s worth cases yet needed proof of lessened real worth. Tie considers the excusal to be a confirmation of their straightforwardness and commitments to maintain guarantees. Chief Judge Laura Taylor Swain of the U.S. District Court…
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