State Illinois Financial News

13.06 / 05:01

business Law Stablecoin Court Terra class action Jump Trading seeks to move Terra class action suit to California

Algorithmic and high-frequency trading firm Jump Trading is seeking to have the class action lawsuit against the firm moved from Illinois to a Northern district court in California, arguing that it would significantly speed up legal proceedings.

07.06 / 17:37

Provident Binance Digital SEC Action coinbase Southern Coinbase Receives Cease and Desist Notices from 11 US States

Following the Securities and Exchanges Commission (SEC) lawsuit, US-based crypto exchange, Coinbase, has received multiple Show Cause orders from US states.

07.06 / 03:29

Binance Aware SEC Platform Action coinbase House Agriculture Coinbase Was Dismissed by the US SEC After Months of Figuring Out How To Register, Chief Legal Officer Says

Coinbase was dismissed by the US Securities and Exchange Commission with no response after months of discussing how to register with the agency, the crypto exchange’s chief legal officer told lawmakers on Tuesday.

06.06 / 19:00

UPS Binance SEC Platform Action coinbase SEC Sues Coinbase for Operating an Unregistered Exchange, States Follow Up With Own Action

It's not been a good day for Coinbase (COIN) so far: The crypto exchange is being sued by the U.S. Securities and Exchange Commission (SEC), ten state regulators have the company in their sights, and Coinbase stock has dropped almost 14% in early trading.

06.06 / 18:11

business Blockchain coinbase sec lawsuit Coinbase stock Coinbase stock plunges 20% on SEC lawsuit

The stock of cryptocurrency exchange Coinbaseplunged more than 20% at the open on June 6. At the time of publication, shares have pared some losses and are currently trading at $50.14, compared to an intra-day low of $46.43. The company's market capitalization currently stands at $13.7 billion.

06.06 / 16:22

Blockchain Law coinbase sec lawsuit Breaking: Coinbase targeted by state security regulators concurrent to SEC lawsuit

According to a statement published by the Alabama Securities Commission on June 6, a multi-state task force comprising of state regulators from Alabama, California, Illinois, Kentucky, Maryland, New Jersey, South Caroline, Vermont, Washington, and Wisconsin have issued a Show Cause Order against cryptocurrency exchange Coinbase. The order alleges that "Coinbase violates the securities law by offering its staking rewards program accounts to Alabama residents without a registration to offer or sell these securities."

16.05 / 19:47

defi regulation Microsoft us government IBM Sam hearing ai safety OpenAI CEO Sam Altman testifies in ‘historic’ Senate hearing on AI safety

Sam Altman, the CEO of OpenAI and co-founder of Worldcoin, recently testified before Congress alongside IBM’s chief of trust, Christina Montgomery, and NYU professor Gary Marcus.

14.05 / 19:19

Lowe's CEO CoinMarketCap Terra Luna Classic Price Prediction as LUNC Bounces 10% From Recent Bottom – Can LUNC Reach $1 in 2023?

As Terra Luna Classic (LUNC) experiences a 10% rebound from its recent lows, the crypto community is buzzing with anticipation.

13.05 / 18:15

business Stablecoin Trading Terra Jump Trading faces lawsuit over alleged $1.3B profit from TerraUSD

A lawsuit filed in a district court in Illinois details Jump Trading's alleged involvement with Terra Labs in manipulating the price of algorithmic stablecoin TerraUSD (UST). According to court documents from May 9, the firm purchased millions of UST tokens in 2021 hoping to manipulate its value to reach $1.

02.05 / 15:45

ETF privacy coinbase Legal UK information settlement Today in Crypto: Poloniex to Pay $7.6M in Settlement with US Authority, Complaint Alleges Coinbase Violated Illinois' Biometric Information Privacy Act, 3AC-founders’ OPNX Reprimanded by Dubai Regulator

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

02.05 / 06:45

business Law privacy coinbase Court Coinbase faces suit over alleged privacy violations in biometrics collection

Coinbase violated biometric privacy laws in Illinois through its collection and storage of customer fingerprints and facial templates, a proposed class-action lawsuit alleges.

26.04 / 12:13

Citi index Midwest Cities Led WSJ/Realtor.com Housing Index in First Quarter

Small cities in the Midwest topped The Wall Street Journal/Realtor.com Emerging Housing Markets Index in the first quarter, a sign that buyer demand for affordable homes remains robust even as activity in the broader market slows.

14.04 / 11:07

businesses Millions Gain Access to 401(k)s as More Small Businesses Launch Plans

A relatively strong job market, new tax breaks and state mandates are leading more small businesses to offer employees a 401(k) plan.

28.03 / 18:27

Provident BTC Binance litecoin CEO Tether Bitcoin Bitcoin Price Prediction as Market Gets Spooked By CFTC Lawsuit Against Binance – Can BTC Recover?

In recent times, the Bitcoin market has been facing a significant challenge as the Commodity Futures Trading Commission (CFTC) filed a lawsuit against Binance, one of the largest cryptocurrency exchanges. This development has caused unease in the market, leading to speculation on the future of Bitcoin's price.

28.03 / 09:39

Binance CFTC regulation Court Bitcoin Binance saw $850M withdrawal prior to CFTC indictment: Data

Right before the exchange platform Binance and its CEO Changpeng Zhao have been accused of regulatory violations by the United States Commodity Futures Trading Commission (CFTC), almost a billion dollars in crypto reportedly left the platform’s wallets.

27.03 / 16:23

business Binance CFTC regulation exchanges regulatory Binance and CZ sued by CFTC over US regulatory violations

The United States Commodity Futures Trading Commission has filed suit against Binance and CEO Changpeng “CZ” Zhao for trading violations, according to a Bloomberg report. The suit was filed in the U.S. District Court for the Northern District of Illinois.

06.03 / 07:59

Scams Fraud ATM Bitcoin Scams Bitcoin Crypto scams Bitcoin ATM firm profited from crypto scams via unlicensed kiosks: Secret Service

A Bitcoin (BTC) technology firm and its executives have been indicted for allegedly operating unlicensed crypto kiosks in Ohio which knowingly benefited from victims of cryptocurrency scams.

21.02 / 14:33

UPS Digital CEO Action Remark Kraken The real reason behind the crypto heat, according to Cardano’s co-founder

Cardano co-creator Charles Hoskinson has expressed his thoughts on recent regulatory actions against the crypto industry. The occasion for Hoskinson’s remarks was the introduction of the Digital Property Protection and Law Enforcement Act, a Senate bill in Illinois that has already been dubbed the most unworkable state law.

21.02 / 00:29

Blockchain BTC Twitter Digital Ripple XRP SEC regulatory Ripple [XRP]: On regulatory heat, crackdowns, and the way forward

The recent hostility shown in the crypto sector could be vital to Ripple’s [XRP] final result in its battle against the SEC .

20.02 / 15:47

Blockchain Twitter Digital Aware Discover Illinois bill plans to interfere with blockchain’s immutability aspect

The crypto community has mocked a recently introduced Illinois Senate Bill for its “unworkable” plans to push blockchain miners and validators to do impossible things, such as reverse transactions if ordered to do so by a state court.

20.02 / 08:51

Blockchain Mining regulation us government transactions Smart Contracts Senate 'Unworkable' bill to ban blockchain immutability is introduced in Illinois

A recently introduced Illinois Senate Bill has been ridiculed by the crypto community over its "unworkable" plans to force blockchain miners and validators to do "impossible things" — such as reversing transactions if ordered to do so by a state court.

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