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Archives by Year:
Coinbase Sued by California for Mishandling Biometric Data
Key Takeaways Coinbase has allegedly violated of Illinois’ Biometric Information Privacy Act (BIPA) and is being sued by the state of California The suit alleges that Coinbase did not receive written consent from its customers regarding the storage and destruction of its users’ biometric data Coinbase has been sued by the state of California in […]
The U.S. Government Wants to Cut Off Crypto’s Access to Banks: Nic Carter
Key Takeaways Bitcoin advocate Nic Carter believes the U.S. government is trying to cut off crypto from the banking sector. Carter claimed the Biden administration was reviving the Obama-era Operation Choke Point. Carter pointed to 14 different events in the last 10 weeks which hinted at a coordinated strategy to deprive the crypto industry of […]
Federal Reserve Raises Rates by 25 Basis Points
Key Takeaways The Federal Reserve raised rates by another 25 basis points. This brings federal interest rates to the 4.50% to 4.75% range. The move indicated a softening of the central bank’s hawkish monetary policy. Today the U.S. Federal Reserve announced that it was bringing interest rates to the 4.50% to 4.75% range, a 0.25% […]
3AC Founders Want to Launch a New Crypto Exchange
Key Takeaways 3AC co-founders Su Zhu and Kyle Davies want to launch their own crypto exchange. They are seeking $25 million from investors. GTX, as the project is called, aims to be a public marketplace for crypto claims. Su Zhu and Kyle Davies want to tap into the ballooning crypto claims market by launching their […]
Celsius’ Mashinsky Finally Sued by NY Attorney General
Key Takeaways New York Attorney General Letitia James filed a civil suit against former Celsius CEO Alex Mashinsky today. James claims Mashinsky defrauded investors by making false statements about the company’s financials. She is seeking restitution, damages, and to bar Mashinsky from ever doing business in New York again. Former Celsius CEO Alex Mashinsky is […]
