A New York judge ruled that the U.S. Securities and Exchange Commission’s complaint against Gemini and Genesis “plausibly alleges” that the two firms violated securities laws. The Wednesday motion tosses out the two firms’ motions to dismiss filed last May. Up to 340,000 Gemini Earn customers have had their crypto stuck in limbo since November … Read more
Jack Dorsey’s fintech company Block (SQ) has started shipping its new self-custody bitcoin wallet Bitkey after four months of taking pre-orders. Block unveiled Bitkey for pre-order in 95 countries last December, having commenced beta testing during the summer. In addition to its wallet function, Bitkey will connect to Block’s payments platform Cash App and … Read more
This article originally appeared in First Mover, CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day. Latest Prices Top Stories Coinbase (COIN) announced a plan to cash in on the recent rally in digital assets by raising $1 billion through selling convertible … Read more
Terraform Labs has been allowed to hire law firm Dentons by a U.S. court, Reuters reported on Wednesday. Terraform’s creditors, the SEC, and the U.S. Justice Department objected to Terraform hiring Dentons in February. Last month, Terraform’s creditors, the SEC, and the U.S. Justice Department objected to Terraform hiring Dentons after it had filed … Read more
Thailand’s cabinet on Tuesday approved a tax exemption for crypto earnings to encourage fundraising via investment tokens, multiple local news outlets reported. Under the exemption, holders of investment tokens that have had the 15% capital gains tax withheld don’t need to include the profits when calculating their income tax, essentially ending a scenario of … Read more