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news-imageFebruary 27, 2025

DraftKings settles $10m NFT lawsuit, will send out compensation

DraftKings Inc. has agreed to a $10 million settlement in response to a class-action lawsuit alleging that its sale of non-fungible tokens violated state and federal securities laws.
Publisher: Crypto news
Sentiment: Negative
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Positive
cover-imageCointelegraph
February 27, 2025

SEC dismisses lawsuit against Coinbase

The US SEC has officially filed a voluntary dismissal in its case against Coinbase. The agency has also dropped lawsuits against Consensys, Robinhood, and Gemini in recent days.

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Negative
cover-imageBenzinga
February 27, 2025

Web3 Hasn't Pierced Bubble After 10 Years, Says Aztec Founder Zachary Williamson

Web3 has failed to break through the so-called bubble a decade after its launch, hindered by a lack of robust privacy solutions, according to Zachary Williamson, founder of Aztec, a privacy-focused blockchain firm. In an interview with Benzinga on the sidelines of Eth Denver, Williamson argued that without meaningful privacy capabilities, Web3 remains stuck in a speculative loop of "coins and casino games," far from its original vision of sovereign programmable money.

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Negative
cover-imageCointelegraph
February 27, 2025

Inside the Lazarus Group money laundering strategy

After Bybit's hack, the Lazarus Group deployed its notorious money-laundering tactics — leaving a complex trail in the aftermath of yet another high-profile crypto heist.

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Negative
cover-imageCryptonews
February 27, 2025

UK Proposes Bill to Expand Crypto Seizure Powers in Crime Crackdown

The UK's Crime and Policing Bill aims to enhance law enforcement's ability to seize and manage crypto assets linked to criminal activity, expanding the Crown Court's powers in confiscation orders. The post UK Proposes Bill to Expand Crypto Seizure Powers in Crime Crackdown appeared first on Cryptonews.

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Positive
cover-imageThe Block
February 27, 2025

Coinbase case officially dropped by SEC

The case kicked off in June 2023 when the SEC sued Coinbase, two years after the top U.S.-based cryptocurrency exchange went public

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Neutral
cover-imageCrypto news
February 27, 2025

Crypto derivatives platform BitMEX is seeking a buyer: report

Crypto derivatives platform BitMEX is on sale, according to sources familiar with the matter. Reports that the trading platform is seeking a buyer claim that BitMEX has enlisted the services of Broadhaven Capital Partners to help seal a deal.

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Positive
cover-imageBitcoin
February 27, 2025

SEC Closes Gemini Probe After 699 Days; Winklevoss Seeks Reimbursement

The Securities and Exchange Commission (SEC) has closed its investigation into Gemini, a cryptocurrency exchange. Unquantifiable Loss in Economic Growth for America The U.S. Securities and Exchange Commission (SEC) has closed its investigation into Gemini and will not pursue an enforcement action against the cryptocurrency exchange.

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Neutral
cover-imageBeInCrypto
February 27, 2025

Crypto AI Agents Show Mixed Signals as New Launches Rise Again

Crypto AI agents are showing mixed signals as the top 10 coins in this sector display varied performance. While some, like VIRTUAL, AI16Z, and AIXBT, have posted gains in the last seven days, others, including FAI and TRAC, continue to decline.

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Negative
cover-imageCryptonews
February 27, 2025

DraftKings Settles NFT Securities Lawsuit for $10 Million

DraftKings has agreed to a $10 million settlement over allegations of selling unregistered securities through its NFT marketplace, providing compensation to affected users who traded NFTs between August 2021 and the settlement date. The post DraftKings Settles NFT Securities Lawsuit for $10 Million appeared first on Cryptonews.

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Neutral
cover-imageCoingape
February 27, 2025

Breaking: Arthur Hayes' BitMEX Exploring Company Sale

Crypto exchange giant BitMEX is exploring the options of a complete takeover. Co-founded by Arthur Hayes, Benjamin Delo, and Samuel Reed in 2014, the exchange has reportedly tapped Broadhaven Capital Partners, an investment banking firm, to help in the potential takeover process.

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Positive
cover-imageCryptoSlate
February 27, 2025

SEC agrees to dismiss enforcement case against Consensys

The US Securities and Exchange Commission (SEC) has agreed in principle to dismiss its securities enforcement case against Consensys, according to a Feb. 27 statement. Once final approvals are secured, the SEC will file a stipulation with the court to formally close the case.

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Positive
cover-imageBitcoin
February 27, 2025

Bybit Restores 77% of Assets Under Management, Strengthens Security After Hacking Incident

Bybit has successfully restored 77% of its assets under management (AUM) following a recent security incident, reaffirming its commitment to transparency and resilience. The exchange also reported strong trading activity, surpassing $40 billion in volume over the past two days, and enhanced its proof of reserves verification to ensure full collateralization of user funds.

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Negative
cover-imageCointribune
February 27, 2025

Bybit Hacking: The FBI Orders Crypto Exchanges To Block Suspicious Transactions

The FBI is calling on node operators and exchange platforms to block transactions related to the record hack of Bybit. The U.S. federal agency confirms the involvement of the North Korean Lazarus group in this theft of $1.4 billion and is taking steps to prevent the laundering of the funds.

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Positive
cover-imageCrypto Economy
February 27, 2025

Victory for Crypto! SEC Abandons Legal Battle Against Metamask and Consensys

TL;DR Consensys and the SEC reached an agreement to dismiss the case against MetaMask, which accused the software of violating federal securities laws. Joseph Lubin, Consensys' founder, praised the SEC's pro-innovation stance, which will allow the company to focus on developing its technology.

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Positive
cover-imageInvezz
February 27, 2025

US SEC agrees to drop the MetaMask securities lawsuit

The US Securities and Exchange Commission (SEC) has agreed to drop its securities enforcement case against MetaMask after reaching an agreement with Consensys, the company behind the popular crypto wallet. The US SEC sued Consensys Software, Inc.

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Positive
cover-imageCointelegraph
February 27, 2025

SEC agrees to drop Consensys lawsuit

The SEC is dropping its enforcement actions against crypto firms in an apparent regulatory pivot following new leadership at the regulator.

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Negative
cover-imageCryptoSlate
February 27, 2025

US Congressman pushes MEME Act to ban officials potentially profiting from memecoins

US Democratic Congressman Sam Liccardo introduced a bill on Feb. 27 to prevent government officials and their families from profiting from cryptocurrencies, including memecoins. The proposed legislation, known as the Modern Emoluments and Malfeasance Enforcement (MEME) Act, has gained support from multiple Democratic colleagues and is designed to “make corruption criminal again.

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Negative
cover-imageCoingape
February 27, 2025

Mask Founder Confirms Hack, Loses $4 Million In Crypto

As the cryptoverse begins to pick itself up from jarring breaches, Mask founder Suji Yan is the latest victim of a calculated attack. Yan confirmed the loss of $4 million worth of assets with the stolen asset swapped to Ethereum (ETH) and moved to multiple addresses.

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Positive
cover-imageCoinPedia
February 27, 2025

Pakistan Moves Toward Crypto Regulation with New Advisory Council

With 20 million active crypto users, Pakistan is taking steps to legalize cryptocurrency, with the finance ministry considering the creation of a National Crypto Council. As per local reports, this move came after a meeting between Finance Minister Muhammad Aurangzeb and US delegation described as “Trump advisers for digital assets.

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