John Deaton files amicus brief in support of Coinbase appeal against SEC

The independent examiner in crypto lender Celsius’ bankruptcy case has alleged that the company failed to set up “sufficient” accounting and operational controls in its handling of customer funds. In an interim report released on Nov. 19, examiner Shoba Pillay made a number of stark observations in her court-appointed investigation into the bankrupt cryptocurrency lending platform.…

The company said it will be seeking reimbursement for the lost revenue from mining crypto, with operations at Niagara Falls "hoped to resume within a few weeks." 341 Total views 15 Total shares New York-headquartered crypto mining firm Bit Digital reported two of its hosting partners ceased operations to more than 4,800 rigs following power…

Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This Week3AC founders reveal ties to Terra founder, blame overconfidence for collapseAfter five…

2022 is shaping up to be the year for Web3. KuCoin, Framework Ventures and CoinDCX have all made a splash in this emerging paradigm. 366 Total views 13 Total shares “Web3” used to be an empty industry buzzword that described the next iteration of the internet. In 2022, Web3 is still an annoying buzzword, but…

The Big Tech holds the monopoly in Web 2.0, something the Web 3.0 technologies such as Metaverse and crypto are trying to break. 345 Total views 24 Total shares The Sandbox co-founder Sebastien Borget wants to defend the Metaverse from the Big Tech giants aiming to make a foray into the nascent market. In a recent…

Swiss luxury watch and clock manufacturer Vacheron Constantin will start using blockchain technology to track its timepieces, lifestyle magazine Robb Report reported on May 24.Founded in 1755, Vacheron Constantin is recognized as the world’s oldest watch manufacturer. The company plans to issue a paper and digital certificate to each of its vintage watches, and will…

The court seeks to address issues related to orders that rejected the SEC's plea to seal the Hinman speech documents and Ripple's request to seal information regarding XRP sales. 731 Total views 13 Total shares In the most recent update in the legal proceedings of the United States Securities and Exchange Commission (SEC) against Ripple…

The Uruguayan government introduced legislation to the parliament on Sept. 5, accelerating industry regulation. 379 Total views 24 Total shares The Uruguayan government has introduced legislation to the parliament that accelerates the regulation of the crypto space in the country and establishes the central bank as the regulatory authority.Introduced on Sept 5, the bill strives to…

Bitcoin’s (BTC) 32% weekly rally became bears’ worst nightmare as Friday’s $860million options expiry is approaching. After breaking the $54,000 level, over 99% of the bearish bets using put (sell) options are likely to become worthless.Bears are in a dangerous position, particularly as Bloomberg’s Crypto Outlook pointed out that Bitcoin’s $50,000 resistance was about to…