Kik, SEC Propose $5M Settlement Over $100M ICO, Ending Yearlong Battle
Kik will pay $5 million in penalties as part of a proposed settlement with the SEC, which sued the messaging app last year.
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In a significant win for Ripple Labs and XRP, the company has reached a settlement with the US Securities and Exchange Commission (SEC) that will effectively conclude their prolonged legal battle. Ending Prolonged Legal Battle As reported by Fox Journalist Eleanor Terret, Ripple has agreed to drop its appeal against the SEC and will pay […]
In a recent development, bankrupt crypto lender Genesis has settled with defunct crypto hedge fund Three Arrows Capital (3AC), ending a months-long legal battle. According to court documents, Genesis will pay $33 million to resolve the more than $1 billion in claims asserted by 3AC against the Genesis Debtors. Genesis Resolves Dispute With 3AC The […]
An Indian official has reportedly confirmed that the country’s government will propose a ban on holding or using cryptocurrency.
On October 3, Judge Analisa Torres denied the US Securities and Commission’s (SEC) motion for an interlocutory appeal in its ongoing legal battle against Ripple. As part of her order, she raised the possibility of a settlement between both parties before the case goes to trial on April 23, 2024. Ripple And SEC Could Settle […]
The crypto market is full of surprises, but one thing remains consistent: panic selling always costs new investors a fortune. In the last six weeks alone, speculators dumped their Bitcoin holdings, collectively losing $100M. That’s $100M vanishing into the ether just because people got scared. Meanwhile, seasoned investors sat back, bought the dip, and are […]