A class action lawsuit filed against cryptocurrency firms Tether and Bitfinex was dismissed Friday by a federal judge in New York. The judge ruled the complaint lacked plausible claims of injury and failed to show that Tether’s stablecoin USDT had diminished in value. Judge Dismisses Market Manipulation Case Against Bitfinex and Tether A high-profile class…
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A 21.co research analyst has disclosed that Tether, the company behind the world’s most prominent stablecoin by market capitalization, could potentially hold the 11th-largest bitcoin (BTC) address. Additionally, an individual familiar with the matter has verified to The Block that said address does indeed belong to Tether. Research Analyst and Unknown Source Link $1.6 Billion…
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In a significant legal victory for Tether and Bitfinex, Chief Judge Laura Taylor Swain of the U.S. District Court for the Southern District of New York dismissed a class action lawsuit brought against the stablecoin issuer. The lawsuit, filed by Matthew Anderson and Shawn Dolifka in 2021, alleged that Tether’s claims of its stablecoin, USDT,…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: WeChat & Alipay Enable Foreigners to Pay at Chinese Retailers, ETH 699,816 Paid as Royalties to NFT Projects on Ethereum, Hana Bank & Woori Bank ‘Interested in Certificate…
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A married New York couple is preparing to plead guilty to charges of conspiring to launder billions of dollars worth of Bitcoin (BTC), which was stolen during the notorious 2016 hack of crypto exchange Bitfinex. Ilya Lichtenstein and Heather Morgan, who were charged in February last year after investigators used software to trace stolen digital currency to accounts the…
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Ilya Lichtenstein and Heather Morgan are scheduled to appear for an arraignment and hearing on Aug. 3 as part of a plea agreement with U.S. prosecutors. The husband and wife alleged to have laundered billions of dollars worth of Bitcoin connected to the 2016 Bitfinex hack have reached a plea agreement with authorities in the United…
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Ilya Lichtenstein and Heather Morgan, the New York-based couple implicated in the alleged laundering of $4.5 billion in bitcoin pilfered from the 2016 Bitfinex cyber-attack, have reached a plea bargain, as revealed by recent court records. The pair is scheduled to appear before U.S. judge Colleen Kollar-Kotelly on August 3, 2023, and will be mandated…
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The US government has moved its Silk Road Bitcoin (BTC) reserve, stirring up speculations about whether it plans a sale of the assets. On Wednesday, the Department of Justice (DOJ) transferred $300 million worth of BTC to new addresses in a series of transactions, according to data from Bitcoin block explorer. The recent transfer likely originates…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________… Read More: Today in Crypto: Saga Pulls Back From Blockchain Gaming, Bitfinex Recovers More Stolen Assets, BarnBridge DAO Members Told to Stop ‘All Work’ Amidst Investigation, Lightning Labs Releases Tools for Bitcoin Lightning…
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This week’s Crypto Biz looks at the story behind Binance’s debanking in Australia, Bitcoin miners preparing for the next halving, and Bitfinex’s expansion in Latin America. June was a tough month for Binance, as it faced stress tests worldwide after the United States Securities and Exchange Commission (SEC) filed a lawsuit against the crypto exchange…
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