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The former CEO of Celsius Network is scheduled to appear before a judge for sentencing after pleading guilty to two felony charges in December. Crypto users are weighing in as Alex Mashinsky, the former CEO of Celsius Network, prepares to stand before a judge on May 8 to face sentencing for commodities fraud and a…
French law enforcement officers freed the man after raiding a property in a Paris suburb where he was held captive for ransom. The father of an unnamed crypto entrepreneur was freed by police in Paris, France, during a law enforcement raid of the property where the man was held captive for ransom over several days….
Wyoming Senator Cynthia Lummis reportedly said the reward for Donald Trump’s memecoin holders “gives [her] pause” while cozying up to the president’s Bitcoin reserve plan. Senator Cynthia Lummis and at least one other Republican in Congress are reportedly critical of US President Donald Trump for offering the top holders of his memecoin a dinner and…
A proposed class lawsuit is asking Nike for $5 million in damages, claiming it broke consumer protection laws and various state unfair trade and competition laws. Nike has been hit with a class-action lawsuit that accuses the sportswear giant of operating a rug pull for shuttering its non-fungible token (NFT) platform RTFKT in January. A…
The US President plans to host a private dinner for the top 220 holders of his TRUMP memecoin. United States Senator Jon Ossoff expressed support for impeaching US President Donald Trump during an April 25 town hall, citing the President’s plan to host a private dinner for top Official Trump memecoin holders. “I mean, I…
Half of the US states that filed litigation against Coinbase in 2023 have dismissed their lawsuits against the cryptocurrency exchange. The Alabama Securities Commission, a financial regulator for the US state, dropped its lawsuit against crypto exchange Coinbase, which accused the company of violating securities laws by offering staking services to clients. The regulator cited…
Back in 2020, Xayn was a privacy-based, on-device AI startup designed specifically for smartphones. But that early experience eventually saw the company pivot into developing sovereign AI for the legal sphere. Now Xayn has rebranded as Noxtua and raised a $92.2 million (roughly €81.2 million) Series B round. The round was led by strategic investor…
Hester Peirce addressed Paul Atkins’ potential conflicts of interest with the crypto industry and the direction the SEC may take under new leadership. US Securities and Exchange Commission member Hester Peirce, currently leading the agency’s crypto task force, offered a preview of what the industry could expect now that Paul Atkins has been sworn in…
Burwick Law says Metaplex could be sued if it doesn’t change its plan to sweep unclaimed NFT value from its resize upgrade to its DAO treasury instead of returning them to NFT holders. Crypto law firm Burwick Law has called out Solana-based non-fungible token platform Metaplex’s plan to sweep unclaimed Solana (SOL) into its treasury…
The House of Representatives and Senate are considering two bills to regulate payment stablecoins with federal and state-level authorities. Ivan Soto-Wright, CEO of cryptocurrency payment firm MoonPay, is calling on US lawmakers to leave a path open to state-level regulators when passing legislation on stablecoins. In an April 18 X post, Soto-Wright said he wanted…