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Texas lawmakers propose a gold-backed state digital currency

Two Texas lawmakers have introduced identical bills for creating a state-based digital currency backed by gold, a move that comes despite objections from several United States lawmakers against introducing a central bank digital currency (CBDC).Senator Bryan Hughes introduced Senate Bill 2334 on Ma…

Sphere 3D files lawsuit against Gryphon Digital Mining after BTC transfer

Crypto miner Sphere 3D has filed a lawsuit against its partner Gryphon Digital Mining after an allegedly spoofing attack led to the irregular transfer of Bitcoin BINANCE:BTCUSD, according to court documents on April 7. “Today we filed litigation against Gryphon, the custodial management services pr…

CFTC allegations and $1 billion lawsuit for Binance: Law Decoded, March 27–April 3

Last week brought troubling news for the world’s largest crypto exchange, Binance. The United States Commodity Futures Trading Commission accused the company and its CEO, Changpeng “CZ” Zhao, of trading violations. According to the lawsuit filed by the CFTC, Binance has conducted transactions for U…

Binance, CZ, BitBoy Crypto Dragged Into New $1 Billion Lawsuit

It is raining lawsuits for Binance as the cryptocurrency exchange has been dragged into a new class action lawsuit seeking $1 billion in damages.According to a Fortune report, Moscowitz Law Firm and Boies Schiller Flexner filed a class action lawsuit against Binance, its CEO Changpeng ‘CZ’ Zhao, an…

CZ, Binance, influencers face $1B lawsuit for unregistered securities promo

Just five days after Binance and its CEO Changpeng ‘CZ’ Zhao got sued by the United States Commodity Futures Trading Commission (CFTC) for alleged trading violations, a new $1 billion lawsuit was filed against the crypto exchange, CZ, and three crypto influencers for promoting unregistered securiti…

FTX lawyers, creditors slam SBF's petition to get legal fees reimbursed

Sam Bankman Fried’s new petition to have his legal expenses reimbursed has been met with fierce objection from lawyers representing the crypto exchange and its creditors committee.As per previous reporting by Cointelegraph, Bankman-Fried’s lawyers had filed a motion on March 15 seeking to have his…

Sam Bankman-Fried Is Paying His Lawyers With Funds From Alameda Research

Sam Bankman-Fried has reportedly been paying his legal defense team using funds that originally belonged to Alameda Research. The quantitative trading firm that the former FTX CEO founded back in 2017. After claiming earlier this year that he was down to his last $100,000, the disgraced CEO has tur…

Coinbase May Relist XRP If Ripple Wins Lawsuit Against SEC

Paul Grewal, the Chief Legal Officer of American crypto exchange Coinbase, recently appeared in an interview with Thinking Crypto. In the interview, the Coinbase executive hinted that relisting XRP may be possible in the event that the verdict in Ripple’s legal battle against the Securities and Exc…

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