FTX investors end lawsuit targeting Sullivan & Cromwell

October 10, 2024
The Last Cryptocurency
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Cointelegraph Feed

The Moskowitz Law Firm, the lead plaintiffs’ counsel, said that it had dismissed Sullivan & Cromwell voluntarily and that no settlement was associated with the dismissal.

Tokyo-headquartered tech conglomerate Hitachi and telecoms giant KDDI are trialing a retail coupon settlement system that combines blockchain with biometrics, Cointelegraph Japan reports today, July 26. This week, staff from the two firms are participating in an experimental demonstration at a KDDI store in Tokyo's Shinjuku district, as well as a local donut shop. The…

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Nomura Holdings, GMO Group form stablecoin research partnership in Japan

Nomura Holdings and the GMO Internet Group are exploring ways to bring new stablecoin offerings to the Japanese market.

SEC on ‘Unfounded Fishing Expedition’ — Telegram Lawyers Tell Judge

Lawyers representing encrypted messaging app Telegram have requested a United States court throw out regulator demands for its bank accounts.In a letter to Judge P. Kevin Castel at the Daniel Patrick Moynihan United States Courthouse in New York on Jan. 3, Skadden, Arps, Slate, Meagher & Flom LLP described the request from the Securities and…

Cryptocurrency Exchange Bitfinex Announces a LEO Token Burn Initiative

Cryptocurrency exchange Bitfinex announced a LEO burn initiative in a Medium post published on June 14.Per the announcement, the initiative will see the exchange’s parent company iFinex funnel its gross revenue into purchasing LEO tokens at market prices in what the post refers to as the UNUS SED LEO burn mechanism. This new system will…

Ron Paul: ‘I’m All for Cryptocurrencies, I Like Competing Currencies’

Former Republican congressman and presidential candidate Ron Paul says he is in favor of cryptocurrencies and blockchain technology because he likes competing currencies. Ron Paul delivered his remarks in a “Squawk Alley” interview on CNBC on July 15.According to Paul, cryptocurrencies are a great idea, and governments should only step in to regulate the space…

Everything that’s happened with Celsius and Alex Mashinsky so far

On July 13, authorities arrested Alex Mashinsky, the former chief executive officer of Celsius Network. He faces criminal and civil charges stemming from his time at the cryptocurrency lending platform, which he helped co-found in 2017.Though the potential criminal proceedings of Mashinsky and indictment of Celsius are ongoing, the events of this week have been…

USDC issuer Circle supports proposal to regulate stablecoin issuers as banks

"There's a real recognition that as these payment stablecoins grow, they could grow at internet scale relatively quickly," Circle CEO said. 621 Total views 17 Total shares Issuers of stablecoins like Tether (USDT) and USD Coin (USDC) may soon be required to work under the same regulations as banks, but that seemingly doesn’t frighten the…

ConsenSys launches Rollups for privacy-enabled transactions on Ethereum blockchain with support of Mastercard

The move would usher a new era of user privacy as public ledgers face scrutiny over their ability to be traced by blockchain data analytics firms. 920 Total views 8 Total shares On Thursday, ConsenSys, a prominent developer of Ethereum (ETH) software, announced the launch of enterprise software ConsSys Rollups. The service, designed on the…

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Crypto Biz: Galaxy, CoinShares Q1 results, ETFs on the blockchain, and more

This week’s Crypto Biz features Galaxy Digital and CoinShares earning results, Franklin Templeton’s CEO betting on blockchain, Polymarket’s funding raise, and a leadership transition at dYdX.

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