Lawsuit

Paxful CEO Ray Youssef (left) and COO Artur Schaback, in a September 2016 photo taken in Las Vegas, according to a tweet from the company. (Paxful)

Founded in 2015, Paxful became one of the most popular places to buy bitcoin in Africa and other emerging markets, and it had more than 200 employees. Behind the scenes, thoug...

Apr 8, 2023 at 8:03 p.m. UTC

Apr 8, 2023

BitcoinPaxfulRay YoussefArtur SchabackLawsuit

Finance

Core scientific

Bitcoin Miner Sphere 3D Sues Partner Gryphon Digital

Gryphon sent $500,000 worth of its business partner's bitcoin to a hacker pretending to be Sphere 3D's CFO, the lawsuit claims.

By Eliza Gkritsi

Apr 7, 2023 at 10:15 p.m. UTC

Apr 7, 2023

Core ScientificBitcoin MiningSphere 3DMining CentersLawsuit

Policy

Regulations

The SEC's Beaxy Suit Looks Like a Coinbase Case Preview

The SEC took pains to note the Beaxy exchange did a lot of illegal trading. Is this a preview of its action against Coinbase?

By Nikhilesh De

Apr 4, 2023 at 3:45 p.m. UTC

Apr 4, 2023

RegulationsNewslettersState of CryptoCoinbaseRegulationLawsuitlawsuitsSECICO

Open interest in XRP futures hits its highest level since December 2021. (Coinglass)

Markets

Ripple

Open Interest in XRP Surges to $800M as Crypto Traders Hope Ripple-SEC Verdict Will Bring 'Alt Season'

If the court rules that XRP is a security, it would mean the same for other alternative cryptocurrencies and subject the broader market to stringent supervision.

By Omkar Godbole

Mar 29, 2023 at 1:33 p.m. UTC

Mar 29, 2023

RippleSECRipple LabsLawsuitAltcoins

Policy

Binance

Binance CEO Zhao Calls CFTC Suit an ‘Incomplete Recitation of Facts’

In a blog post, Changpeng Zhao wrote the company did not agree with the characterization of many of the issues, and touted the exchange’s compliance technology. He also wrote...

By James Rubin

Mar 28, 2023 at 12:06 a.m. UTC

Mar 28, 2023

BinanceCZCFTCLawsuitChangpeng Zhao

Markets

Coinbase

Crypto-Related Stocks Drop Alongside Bitcoin on CFTC Binance Suit

Shares of rival crypto exchange Coinbase fell by nearly 10%.

By Sheldon Reback

Mar 27, 2023 at 3:38 p.m. UTC

Mar 27, 2023

CoinbaseBinanceEquitiesMSTRCFTCRegulationLawsuit

Finance

Binance

Binance, CEO Zhao Sued by CFTC Over 'Willful Evasion' of U.S. Laws, Unregistered Crypto Derivatives Products

The CFTC alleged Binance offered unregistered crypto derivatives products and directed U.S. customers to evade compliance controls through the use of VPNs.

By Nikhilesh De Jack Schickler Oliver Knight Jesse Hamilton Cheyenne Ligon

Mar 27, 2023 at 3:05 p.m. UTC

Mar 27, 2023

BinanceCZCFTCLawsuitDerivativesChangpeng "CZ" Zhao

Markets

Ripple

XRP Token Surges on Positive Outlook in Ripple vs. SEC Case

The token's price has jumped 20% in the past 24 hours as Ripple defendants heralded a positive view in their case with the U.S. Securities and Exchange Commission.

By Shaurya Malwa

Mar 22, 2023 at 10:44 a.m. UTC

Mar 22, 2023

RippleXRPSECLawsuit

Finance

Taro

Lightning Labs’ Taro Project Faces Halt as Judge Issues Temporary Injunction for Trademark Infringement

The decision in the case brought by fellow blockchain software developer Tari Labs raises questions about trademark enforcement in the open source community.

By Frederick Munawa

Mar 16, 2023 at 10:16 p.m. UTC

Mar 16, 2023

taroLightning LabsTrademarkLawsuit