Fun

News Feed - 2023-10-17 04:10:29

Turner Wright4 hours agoFederal judge gives Genesis 5 days to comply with Terraform Labs subpoenaThe order was unclear as to the nature of the documents under subpoena but stated Genesis had failed to provide the information by Oct. 9.861 Total views3 Total sharesListen to article 0:00NewsJoin us on social networksA United States judge has approved an order requiring Genesis Global entities to produce certain documents in accordance with a subpoena requested by Terraform Labs.


In an Oct. 13 filing in the U.S. District Court of the Southern District of New York, Judge Jed Rakoff said Genesis would have five days — likely until Oct. 18 — to produce documents following a subpoena from Terraform Labs. According to the filing, Genesis failed to provide records by Oct. 9 as was required by a Sept. 12 subpoena, though the order was unclear as to what documents the crypto firm was seeking.Oct. 13 order from Judge Jed Rakoff. Source: CourtListener


The order was part of the U.S. Securities and Exchange Commission’s civil case against Terraform Labs and its co-founder and CEO, Do Kwon, first filed in February. Kwon is currently serving a four-month prison sentence in Montenegro for using falsified travel documents while the lawsuit against Terra continues in the United States.


Related:Terraform Labs contends Citadel Securities had a hand in its stablecoin collapse


U.S. regulators have alleged Terraform Labs and Kwon “misled and deceived investors” with claims about its algorithmic stablecoin, Terra USD (UST). The collapse of the Terra ecosystem was one of the precipitating events in the crypto market crash of 2022, prior to the bankruptcies of FTX, BlockFi, Celsius Network, Voyager Digital and others.


Genesis filed for bankruptcy protection in January, estimating its liabilities to be roughly $1 billion with $10 billion in assets at the time. Both the firm and cryptocurrency exchange Gemini were the targets of a civil suit filed by the SEC in January. The regulator alleged the companies offered unregistered securities through Gemini’s Earn program.


Magazine:US enforcement agencies are turning up the heat on crypto-related crime# Law# SEC# United States# Court# Terra# RegulationAdd reactionAdd reactionRead moreHow to track and report crypto transactions for tax purposesExpect new crypto regulations to follow Bitcoin ETFsMeet the guerilla artist who staged a crypto ‘rug pull’ in front of the SEC

News Feed

Gareth Jenkinson13 hours agoBinance, CZ paid for defying financial, political status quo — Arthur HayesAccording to Arthur Hayes, global cryptocurrency exchange Binance paid one of the largest corporate fines in histor
Zhiyuan Sun5 hours agoSensitive data leaked in Kroll cybersecurity breach — ReportThe FTX bankruptcy claims agent reportedly confirmed that users’ personal data were leaked, contrary to earlier claims.1123 Total view
Africa-Focused Venture Capital Firm Echovc Launches Blockchain Fund
Africa-Focused Venture Capital Firm Echovc Launches Blockchain Fund The Africa-focused venture capital (VC) firm, Echovc, has launched a fund that seeks to support blockchain start
ApeCoin Faces Strong Resistance As Bears Seize Control At $1.755
Este artículo también está disponible en español. ApeCoinis facing a tough setback as bearish momentum intensifies, with the price hitting a strong resistance at $1.755.
Blockchain Startup’s Digital Identity Solution Made Available to 50,000 Zimbabwean Patients
Blockchain Startup"s Digital Identity Solution Made Available to 50,000 Zimbabwean Patients Flexid Technologies, a blockchain startup promoting the use of digital identities, said
Dogecoin ETF Filing Takes Market By Storm, Can Positive Sentiment Trigger 200% Rise To $1 ATH?
Este artículo también está disponible en español. REX Shares, a financial services company known for its innovative approach to ETFs, recently submitted filings for ETFs
Daylight secures $9M funding for distributed energy, testnet launch
Ana Paula Pereira8 hours agoDaylight secures $9M funding for distributed energy, testnet launchDaylight’s testnet will allow users to plug in distributed energy devices such as smart thermostats, solar inverters, batte
Tom Blackstone2 hours agoOpen-source advocates launch OP Stack testnet to fund public goodsThe Public Goods Network from Gitcoin promises to redirect most net sequencer fees into public goods, instead of giving them to t
Rakesh Upadhyay6 hours agoPrice analysis 11/13: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINKBitcoin opened the week with a shallow correction, but altcoin traders seem unaffected by the slight BTC price pullback.27
Anchorage Obtains Federal License to Operate as Crypto Bank
Anchorage Obtains Federal License to Operate as Crypto Bank The U.S. Office of the Comptroller of the Currency (OCC) has granted conditional approval to crypto c
Why is Ether (ETH) price up today?
Yashu Gola9 hours agoWhy is Ether (ETH) price up today?Ether"s rally today is primarily fueled by institutional investors buying during its early-July downtrend and renewed optimism from new Ethereum ETF filings.582 Tota
Zhiyuan Sun9 hours agoSei token valued at $1.8B after beta launch, exchange listingsThe token opened to a wild trading session across major exchanges.11308 Total views8 Total sharesListen to article 0:00NewsJoin us on so