DOJ Attorneys Ask for Time to Process Evidence Against Celsius Founder; Dogecoin Jumps Again
"CoinDesk Daily" breaks down the top crypto headlines of the day, including why dogecoin (DOGE) is rising for the second straight day. Attorneys for the U.S. Department of Justice (DOJ) ask a judge for time to produce evidence in their case against former Celsius CEO Alex Mashinsky. Binance plans to ask a court to dismiss the U.S. Commodity Futures Trading Commission’s (CFTC) suit against it. And, KuCoin responds to recent speculation surrounding layoffs.
U.S. DOJ Needs 6-8 Weeks to Process Evidence Against Celsius's Former CEO, Attorneys Tell Judge
Alex Mashinsky was arrested earlier this month on fraud and price manipulation charges.
Ripple Court Ruling Unlikely to Impact Celsius Wind-Up, Crypto Lender’s Counsel Says
Crypto securities ruling could impact pricing of CEL token but won’t affect restructuring plans, the counsel said.
Celsius Estate Settles With Series B Holders Over Proceeds of GK8 Sale
Mike Novogratz’s Galaxy Digital purchased self-custody platform GK8 from Celsius in December as part of bankruptcy proceedings.
Celsius Moves $59M of Altcoins in Possible Prelude to Converting Into BTC, ETH
A U.S. bankruptcy court previously granted the crypto lender permission to sell its altcoin holdings for bitcoin and ether starting in July.
XRP Rallies 50% in Last Week After Ripple's Partial Win; Binance Reportedly Cuts Workforce
“CoinDesk Daily” host Jennifer Sanasie dives into today’s hottest crypto stories, including a new report from the Wall Street Journal that the global crypto exchange Binance has laid off over 1,000 employees in recent weeks. Bail for Alex Mashinsky, the former CEO of Celsius, has been set at $40 million dollars after he was arrested. And, a slew of crypto exchanges start listing XRP for trading.
Ex-Celsius CEO Alex Mashinsky's Bail Set at $40M, Pleads Not Guilty to 7 Counts
Bail for Alex Mashinsky, founder and former CEO of bankrupt crypto lender Celsius, has been set at $40 million by a U.S. District Judge. Mashinsky pleaded not guilty to seven counts, relating to misleading investors and manipulating the price of his CEL token after being arrested on Thursday, the court document said. "The Hash" panel discusses what we know so far.
Legal Experts Weigh in on Ripple's Partial Victory in SEC Court Fight Over XRP
Ripple scored a partial win in its fight with the U.S. Securities and Exchange Commission (SEC) after a court ruling that brought a little bit of regulatory clarity for the crypto industry. Willkie Farr & Gallagher LLP Counsel Michael Selig along with INX advisor and former SEC attorney Alex Damsker share their respective insights into the legal judgement. Plus, their thoughts on bail for former Celsius CEO Alex Mashinsky being set at $40 million by a judge after he was arrested Thursday on charges of fraud.
How the Celsius Affair Plays Into the U.S. Crypto Regulatory Debate
The arrest of the bankrupt crypto lender’s co-founder and ex-CEO Alex Mashinsky comes as lawmakers and regulators squabble over new rules for the sector.
