Criptos News

Latest news about blockchain and cryptocurrencies

Legal Woes: Coinbase Faces New Class Action, IRS Allowed to Investigate SFOX’ Customers, Another Objection in SEC-Ripple War

Major crypto exchange Coinbase faces a new class action suit alleging the company unauthorizedly transfers and freezes funds and locks consumers out of their accounts for extended periods. Meanwhile, the US Internal Revenue Service (IRS) has been granted permission to look into the customers of crypto prime dealer SFOX Inc., while the US Securities and Exchange Commission (SEC) objected to orders to disclose drafts of a former official’s speech in its fight with Ripple…. Read More: Legal Woes: Coinbase Faces New Class Action, IRS Allowed to Investigate SFOX’ Customers, Another Objection in SEC-Ripple War

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US Inflation Slows Down in July, Bitcoin and Ethereum Rally

July’s US consumer price index (CPI) has seen an annual rise of 8.5%, or smaller than expected, suggesting an inflation peak and potential cool-off, after hitting 9.1% in June.  Bloomberg-surveyed economists estimated that inflation would show an 8.7% annual increase this July, and a 0.2% increase compared to June. Also, in July, annual core CPI - which excludes prices of food and energy - was the same as in June (5.9%) and lower than estimated (6.1%). … Read More: US Inflation Slows Down in July, Bitcoin and Ethereum Rally

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US Inflation Slows Down in July, Bitcoin and Ethereum Jump

July’s US consumer price index (CPI) has seen a rise of 8.5%, or smaller than expected, suggesting an inflation peak and potential cool-off, after hitting 9.1% in June. (This is a developing story and will be updated as new details emerge.) Bloomberg-surveyed economists estimated that inflation would show an 8.7% annual increase this July, and a 0.2% increase compared to June…. Read More: US Inflation Slows Down in July, Bitcoin and Ethereum Jump

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Business Exec’s Noisy Illegal Ethereum Mining Rigs Left Employees Sweltering in 40°C Furnace

A South Korean company executive at a major business group operated Ethereum (ETH) mining rigs “non-stop for three years” – using illegally sourced electricity. MBN reported that the unnamed executive was a faculty management chief for “one of the five biggest business groups” in the nation. South Korea’s biggest business groups, per Fair Trade Commission data, are Samsung, SK, Hyundai Motor, LG, and Lotte…. Read More: Business Exec’s Noisy Illegal Ethereum Mining Rigs Left Employees Sweltering in 40°C Furnace

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Former Coinbase Manager Pleads Not Guilty To Wire Fraud Charges

In what is described as the first insider trading case related to crypto in the US, a former product manager at major exchange Coinbase and his brother have pleaded not guilty to wire fraud charges.  The defense is based on the assumption that cryptoassets are not securities or commodities, and for this reason, the case could exert an impact on American jurisprudence related to crypto’s legal status…. Read More: Former Coinbase Manager Pleads Not Guilty To Wire Fraud Charges

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Professor Warns SEC That Its Move Against Coinbase Is a ‘Serious Mistake’

A former advisor to the United States Securities and Exchange Commission (SEC) has warned that the agency would be making a “serious mistake” if it proceeds with a probe into Coinbase and other major crypto exchanges. As reported, the SEC is reportedly set to move ahead with an investigation into Coinbase over the listing of cryptoassets that it claims classify as unregistered securities…. Read More: Professor Warns SEC That Its Move Against Coinbase Is a ‘Serious Mistake’

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AMP Dives as Binance.US Unveils Its Delisting Following the SEC Claim that It is a Security

AMP, the native token of the Amp blockchain, has extended losses following news that Binance.US, the US arm of major crypto exchange Binance, would delist the coin due to the Securities and Exchange Commission (SEC)’s claim that it is a security. At 13:02 UTC, AMP is trading at USD 0.00812, down 10% in a day. It’s also down 4% in a week, 11% in a month, 88% in a year, and 93% since its June 2021 all-time high…. Read More: AMP Dives as Binance.US Unveils Its Delisting Following the SEC Claim that It is a Security

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