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Class Action Accuses Tether and Bitfinex of Market Manipulation

News A New York-based legal firm has filed a lawsuit against Tether and Bitfinex, accusing them of cryptocurrency market manipulation. “Largest bubble in history”Roche Freedman filed a class-action suit claiming that stablecoin firm Tether and its affiliate crypto exchange Bitfinex have been invol..

Coinbase to Pay US Users Interest for Holding USDC Stablecoin

News Major United States-based cryptocurrency exchange and wallet service Coinbase now allows holders of USD Coin (USDC) to earn a 1.25% annual percentage yield (APY). In a blog post on Oct. 2, Coinbase said that eligible U.S. customers will begin earning 1.25% APY rewards on every USDC they hold ..

Launch of Binance US Can Have Far-Reaching Effects on Crypto Market

Analysis From the outside looking in, the United States seems to present a host of amazing financial opportunities. However, when it comes to launching cryptocurrency exchanges or altcoin trading platforms, these possibilities start to dwindle and fade quite rapidly. In this regard, over the past..

Coinbase Rolls Out Stellar Lumens (XLM) Trading in New York State

News Major United States-based cryptocurrency exchange Coinbase that it made Stellar’s Lumens (XLM) trading available also to those users who reside in New York. The exchange made the announcement in a tweet sent by its official Twitter account on Sept. 25. New York state residents can now trade, ..

BitFinex Can Hold On to Documents About Alleged $850 Million Cover-up

News The Appellate Division of the New York Supreme Court has ruled that Bitfinex can hold on to documents pertaining to the alleged cover-up of an $850 million loss on the Bitfinex trading platform. Ongoing caseIn a Sept. 24 court order, appellate court justices David Friedman, Peter Tom, Troy We..

Winklevoss’ Gemini Crypto Exchange Launches Custody Service

News The New York-based cryptocurrency exchange Gemini, founded in 2014 by twin brothers Cameron and Tyler Winklevoss, has launched its own custody service, Gemini Custody. In a press release shared with Cointelegraph on Sept. 10, Gemini states that the newly launched custody solution will allow i..

Bitfinex and Tether Respond to New York Judge, Will Pursue Appeals

News Bitfinex and Tether have replied to Judge Joel Cohen’s recent ruling in the New York Attorney General (NYAG) ongoing case against companies. Cohen dismissed Bitfinex’s motion to throw out the case due to lack of jurisdiction, so the NYAG will continue to prosecute the companies via the Martin..

Bitcoin Exchange Must Give US Documents As Lawsuit Grinds On

Bitcoin exchange Bitfinex must provide documents to US authorities after a New York judge ruled against its request to dismiss a lawsuit against it.Judge U-Turns On Bitcoin Exchange Protection According to a filing dated August 19, the Supreme Court of the State of New York moved against Bitfinex..

New York Court Rules That State Attorney Has Jurisdiction Over Bitfinex

News The New York State Supreme Court has ruled that the New York Office of the Attorney General (NYAG) has jurisdiction over cryptocurrency exchange Bitfinex. According to a court filing on Aug. 19, this will allow the NYAG to continue its investigation of the exchange over allegations of fraud a..

US Court Temporarily Freezes $8M in Response to SEC Request Yesterday

News A United States District Court has entered an emergency freeze to preserve $8 million of a New York citizen and two of his entities’ related assets following the U.S. Securities and Exchange Commission (SEC) complaint filed on Aug. 12. Per the SEC's announcement published on Aug. 13, the..

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