Former ConsenSys AG Employees Take Equity Court Case Against Founder Joseph Lubin to U.S.
The 27 allege Lubin robbed them of equity in the Swiss company by transferring core assets to a U.S. entity.
The 27 allege Lubin robbed them of equity in the Swiss company by transferring core assets to a U.S. entity.
Overall market capitalization rose 5% in the past 24 hours.
Tether had a $3.3 billion excess in reserves at the end of Q2.
This has repercussions for the crypto market, not necessarily good ones, one observer said.
“I don’t understand the cryptocurrency,” and other bangers uttered in the courtroom.
Approval is likely before Jan. 10, which is the final deadline for the Ark 21Shares applications, the report said.
Many market participants expect the SEC to greenlight the first U.S.-based spot bitcoin exchange-traded fund early next year.
Default judgements typically occur when the opposing party fails to take certain action, either failing to attend a trial or meet certain deadlines for filing documents.
Bitcoin forks led alternative token gains in the past 24 hours, outpacing major tokens.
XRP gained 6.5%, the biggest single-day percentage rise since July 13.