January 21, 2024
Illinois Supreme Court Strikes Down Broad Interpretation of Antitrust Law...
The Illinois Supreme Court has invalidated an expansive interpretation of state antitrust law, preventing employers from potentially colluding to manipulate worker wages. The decision, delivered on Friday, addresses concerns that...
January 19, 2024
Court Orders Independent Bankruptcy Examiner to Investigate FTX Collapse
A federal appeals court has ordered an investigation into the collapse of bankrupt cryptocurrency exchange FTX. The court agreed with a government watchdog’s argument that appointing an independent bankruptcy examiner was...
January 17, 2024
Bankman-Fried’s Parents Seek to Quash FTX Lawsuit
Sam Bankman-Fried’s parents say they can’t be held accountable for their son’s actions at FTX. Joseph Bankman and Barbara Fried were sued last year by FTX, with the bankrupt cryptocurrency exchange alleging that...
January 17, 2024
Coinbase and SEC Prepare for Courtroom Crypto Showdown
America’s largest cryptocurrency exchange is scheduled to face the country’s securities regulator in court. And at Coinbase’s hearing on Wednesday (Jan. 17), the company will reportedly argue that the U.S. Securities and Exchange...
January 14, 2024
OpenSea Wants NFTs to Evolve as Market Plunges 63%
Last year was not a good one for non-fungible tokens (NFTs). Sales for the blockchain-based digital assets fell 63% to $8.7 billion in 2023, even with volume tripling between October and November,...
January 14, 2024
Google Follows Apple in Yanking Crypto Apps in India
Google has removed several cryptocurrency platforms from its Indian Play store. The removal, as reported Saturday (Jan. 13) by TechCrunch, involves crypto giants including Binance and Kraken, and follows a similar move last week by Apple. The...
January 11, 2024
Report: FTX Customers Feel Cheated by Bankruptcy Repayment Plan
Some former FTX customers are reportedly unhappy with the bankrupt cryptocurrency company’s repayment plans. More than 80 customers have written to the federal bankruptcy judge overseeing the case to slam...
January 11, 2024
Stablecoin Issuer Circle Resurrects Plan to Go Public
Stablecoin issuer Circle Internet Financial is relaunching its plan to go public. The company confidentially filed paperwork for an initial public offering (IPO) with the U.S. Securities and Exchange Commission...
January 10, 2024
VC Investment in Crypto Plunged Amid Scandal and Regulatory Issues
The year 2023 proved to be a challenging period for cryptocurrency startups, as scandal and regulatory issues took a toll on fundraising efforts. Venture capital investment in the crypto industry...