While some lawsuits cater to individuals who suffered losses, others claim that all shareholders who purchased stocks during the timeframe are entitled to compensation. A number of law firms have offered to represent Hut 8 investors who recently incurred losses on the Nasdaq amid short-selling accusations.  On Jan. 19, the share prices of Bitcoin (BTC)...Continue Reading

One memecoin investor says an initial investment of $260 ballooned into $423,000 in just three days by purchasing a token called Jeo Boden, a humorous depiction of U.S. president Joe Biden. Memecoin traders are flocking to a new fad in degen tomfoolery — a breed of Solana-based tokens based on “poorly drawn” celebrities and political...Continue Reading

A deposition from Binance.US’ chief operating officer claims the SEC’s suit last year caused banks to pull support from the exchange, “effectively choking the business.” Binance.US was dealt a “near-mortal blow” after a June lawsuit from the United States Securities regulator, forcing it to terminate over 200 staff as revenues “imploded,” according to an executive...Continue Reading

Stock prices for the embattled lender have slumped 83% since the beginning of 2024, hitting an all-time low this week before rebounding. Investors in embattled New York Community Bancorp (NYCB) were taken for a wild ride on Wednesday after shares in the bank plummeted 42% before surging again after the announcement of a $1 billion...Continue Reading

Manta’s Kenny Li argues that only blockchains with a “modular” approach stand a chance of survival, but critics say the whole debate is just a marketing stunt. Of the 44 active Ethereum layer 2 blockchains in existence today, “only a few” will still be around in five years, says Kenny Li, the co-founder of Manta...Continue Reading

The bankrupt crypto companies have resolved their disputes for nearly $1 billion, which could lead to full recovery for BlockFi’s customers. Bankrupt crypto firms BlockFi and FTX have reached an “in principle” agreement to settle their disputes, with FTX agreeing to pay up to $874.5 million to BlockFi and drop its claims against the f,...Continue Reading

SEC-registered broker Prometheum could force the agency to decide if Ether is a security and CFTC chair Rostin Behnam says that could lead to conflicting rules. “Both Bitcoin and Ether are commodities,” Commodity Futures Trading Commission chairman Rostin Behnam testified in a March 6 hearing before the House Committee on Agriculture. Behnam was speaking about...Continue Reading

Satoshi Action Fund’s CEO Dennis Porter said even adding a small amount of Bitcoin ETF exposure could “DRAMATICALLY” de-risk an asset portfolio. The Arizona State Senate is considering a proposal to encourage the inclusion of Bitcoin exchange-traded funds (ETFs) in two of the state’s retirement portfolios. The resolution is currently being reviewed by the House...Continue Reading