Bitcoin Breaks $31K: Supreme Court Rules in Favor of Coinbase

Bitcoin Breaks $31K as it Continues to Shake Off Recent Slumps

  • Bitcoin breaks the $31k mark, continuing its rebound from recent market slumps.
  • The Supreme Court rules in favor of Coinbase, ordering that a lawsuit be moved into arbitration.
  • FTX files a complaint seeking to retrieve $700M from a ’super-networker‘ Bankman-Fried.

Coinbase Wins Legal Battle

The Supreme Court has issued an order to move a user lawsuit against Coinbase into arbitration. This positive ruling for the cryptocurrency giant is helping to maintain investor confidence in the industry. It also paves the way for more legal clarity on future crypto-related disputes.

FTX Attempts Retrieval of Funds

Cryptocurrency exchange FTX has filed a complaint against ‘super-networker’ Bankman-Fried in an attempt to recover $700 million in funds. This case highlights the importance of due diligence when dealing with third parties operating within the crypto space.

Stably Halts Withdrawals and Minting After Prime Trust Suspends Deposits

Stably’s digital asset platform paused withdrawals and minting after Prime Trust halted deposits on its platform. The decision was made as a precautionary measure while Stably works with Prime Trust to ensure customer funds remain safe and secure during this transition period.

Binance’s Legal Woes Intensify Binance has been facing legal troubles recently, with Brazil lawmakers now looking to question its general manager about potential regulatory violations. This comes at an inconvenient time for Binance, which is already dealing with various other regulatory issues across multiple jurisdictions.