Newsletter Jul 14, 2023
Celsius Settles $4.7B Fine With FTC, Gets Permanently Banned From All Trading Activities

FTC said the fine imposed on Celsius Network would be "suspended to permit Celsius to return its remaining assets to consumers in bankruptcy proceedings."


XRP Skyrockets By 41% After Court Rules XRP Is Not A Security; CEO Mentions 'Proper Party'

The court's ruling Thursday is crucial for the cryptocurrency industry since it would help determine how crypto assets should be viewed under the U.S. Securities law.


MultiChain Halts Operations, Details CEO's Disappearance And Fund Transfers

MultiChain also assured to refund users and asked that they "revoke app approvals to Multichain immediately."

US Arrests Former Head Of Bankrupt Crypto Platform Celsius

US prosecutors arrested the former head of Celsius Network on fraud charges on Thursday, a year after the cryptocurrency platform filed for bankruptcy protection while owing investors $4.7 billion.

XRP-Led Crypto Market Boom Pushes BTC, ETH Beyond Critical Barrier, Liquidations Reach $238M

Bitcoin, Ether and the broader cryptocurrency market saw significant levels of gains after Ripple Labs bagged a major victory in court Thursday.

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