digitalcurrencies
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U.S. Feds Sue Coinbase One Day After Filing Suit Against Binance
The Securities and Exchange Committee filed a lengthy lawsuit against Coinbase on Tuesday, accusing the largest crypto exchange in the US of operating as an illegal, unregistered broker and exchange for its crypto exchange, Coinbase Prime, and its Coinbase Wallet. The legal action comes less than 24 hours after the SEC filed a separate suit…
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Bitcoin Pyramid Scheme Fraudster Ordered to Pay Billions
The U.S. Commodities Futures Trading Commission patted itself on the back for winning one of the largest civil cases against a crypto crook, even if most — or any — of those affected will see any of their money returned. On Thursday, a Texas judge issued a default judgment in a multi-billion fraud case against…
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Matt Damon Says He Did That Dumb Crypto.com Ad Because His Water Nonprofit Was ‘Down’
Actor Matt Damon briefly became the face of cryptocurrencies with his “history is filled with almosts” commercial for the digital currencies exchange Crypto.com. Despite crypto’s ballooning prices in 2021, after the collapse of several major exchanges and lenders in 2022 the entire industry is feeling more like an “almost” day by day. Now the movie…
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Coinbase Heads to the Supreme Court in First Crypto Case
Cryptocurrencies and crypto exchanges have gotten all sorts of federal attention in recent years. From the Securities and Exchange Commission to the Department of Justice to the U.S. Senate — many government agencies and lawmakers have begun to weigh in on blockchain business. Now, for the first time, the Supreme Court is getting involved.