A U.K. judge ordered to freeze $7.6 million (£6 million ) worth of Craig Wright’s assets worldwide after finding that he falsely claimed to be Satoshi Nakamoto, the pseudonymous inventor of Bitcoin. The order comes after Wright’s decisive loss in a landmark lawsuit against the Crypto Open Patent Alliance (COPA). Earlier in March, Judge James…
Sam Bankman-Fried, founder of the FTX cryptocurrency exchange, has been sentenced to 25 years in prison by a judge in New York for orchestrating an $8 billion theft from FTX customers. 🚨 BREAKING: JUDGE SENTENCES SAM BANKMAN-FRIED TO 25 YEARS IN PRISON FOR MULTI-BILLION DOLLAR FTX FRAUD pic.twitter.com/M9HotmBma2 — Bitcoin Magazine (@BitcoinMagazine) March 28, 2024…
In a landmark ruling, a judge at London’s High Court declared that Craig Wright, the Australian ‘computer scientist’ who has long claimed to be the elusive creator of Bitcoin, is not Satoshi Nakamoto. This decision came following a legal confrontation with the Crypto Open Patent Alliance (COPA), seeking to prevent Wright from suing bitcoin developers…
The presiding judge did not issue a ruling or signal the outcome but a win for Coinbase could be a huge blow to the SEC, which has lost several crypto-related cases. With the United States Congress having failed to provide clear guidelines for the nascent cryptocurrency market, the key crypto players in the country have…
The Terraform boss was arrested and imprisoned in Montenegro over falsified documents after being on the run to escape his fate as the alleged mastermind behind the collapse of the blockchain. On Thursday, December 28, a US judge ruled against Terraform Labs and its CEO Do Kwon for violating federal securities laws in the lawsuit…
Although released on a $175 million bond, debate surrounds whether CZ can safely return home to the UAE before his sentencing hearing without the risk of facing more punishment. Changpeng Zhao, widely known as CZ, the founder and former CEO of the global cryptocurrency exchange Binance, pleaded guilty to money laundering charges in a Seattle…
Aslan Alphan/iStock via Getty Images Do you wonder why companies are willing to pay what appears to be a hefty premium for other companies? If so, take a look at the four points below. What happened? In the biggest blockbuster acquisition since acquiring Allergen for over $60 billion in 2019, AbbVie (NYSE:ABBV) has agreed to…
With the United States lacking an extradition treaty with the UAE, Seattle Judge Richard Jones ordered that CZ must remain with the country for the time being before he determines where the crypto billionaire is a flight risk. Despite pleading guilty to all charges and paying a hefty bond to reassure the United States Department…
The approved plan allows Celsius to distribute approximately $2 billion worth of Bitcoin (BTC) and Ethereum (ETH) and some shares of the new company to users who were unable to withdraw their funds The Celsius bankruptcy plan has been approved. The path is now clear for customers to see some of their funds returned and…
This ruling marked a crucial victory for Ripple, instantly boosting XRP’s price by almost 5%. When Ripple achieved its first victory, although a partial one, in July, the price of XRP spiked from $0.46 to $0.93 in just 10 hours, a stunning 100%+ increase. A federal judge in the United States, Analisa Torres, rejected the…
Aside from dismissing the case against Uniswap, the judge also classified popular cryptocurrencies Ether (ETH) and Bitcoin (BTC) as commodities. United States District Judge Katherine Polk Failla has dismissed with prejudice the class action suit against the decentralized exchange Uniswap. Recall that in April 2022, six former investors on Uniswap filed a suit against the…
Following the announcement by Judge Analisa, Jeremy Hogan, a partner at Hogan & Hogan, highlighted that the final judgment in the case will not be issued until at least late 2024. The lawsuit filed by the United States Securities and Exchange Commission (SEC) against Ripple and its executives for alleged law violations through XRP sales…
Diy13/iStock via Getty Images Introduction and investment thesis Dynatrace (NYSE:DT) reported FY24 Q1 earnings recently which has been a mixed bag for investors. On the one hand, new logo acquisition has been seasonally strong, margins stayed at elevated levels, the partnership with Microsoft has been expanded, and of course, new AI-related features have been announced….
The motion to dismiss a lawsuit filed by Binance’s legal team highlights the argument that CZ is not subject to US jurisdiction as he resides in the United Arab Emirates. Binance, the world’s largest cryptocurrency exchange, filed a motion to dismiss a lawsuit brought against the company by the United States Commodity Futures Trading Commission…
The UK Judge said that Craig Wright won’t be able to pay the legal costs while mentioning his previous inconsistent statements about his financial position. Craig Wright, the self-proclaimed Bitcoin founder Satoshi Nakamoto, is likely to pay hefty legal costs in pursuing the case against crypto exchanges Coinbase and Kraken. In a recent development, James…