Judge Dismisses Proposed Class-Action Lawsuit Alleging Coinbase Sold Unregistered Securities

Policy

U.S. District Court Judge Paul Engelmayer has rejected claims in a proposed class action by customers who claim Coinbase sold them unregistered securities and also failed to register as a broker-dealer, according to a filing on Wednesday.

The case is Underwood vs. Coinbase Global in the Southern District of New York. Coinbase CEO Brian Armstrong was also named as a defendant.

This is a developing story.

06 September

Tech

3 days ago

Polygon’s AggLayer is set to unify the entire Web3 space, connecting blockchains like Ethereum and Solana for “infinite scalability,” says Polygon Labs CEO, Marc Boiron. This groundbreaking aggregation layer will bridge siloed networks and drive the future of blockchain interoperability.

Business

3 days ago

United Texas Bank faces a cease-and-desist order from the Federal Reserve due to "significant deficiencies" in managing crypto-related risks and AML compliance. The bank has ties to Stellar and Circle's USDC.

Policy

3 days ago

Circle's VP, Yam Ki Chan, warns that the U.S. risks falling behind in stablecoin regulation due to political gridlock. As other countries advance frameworks, the U.S. lacks a national structure, which hampers innovation. Will the upcoming stablecoin bill break the stalemate?

General

3 days ago

Skyscanner partners with Travala, allowing hotel bookings using over 100 cryptocurrencies, including Bitcoin and Ether. This integration brings Travala’s crypto-native platform to 110 million monthly users, advancing crypto adoption in travel.

02 September

General

8 days ago

TON Blockchain recovers after a six-hour outage triggered by a surge in DOGS meme coin trading. The network halted due to excessive load but resumed operations after validators restarted. DOGS coin's price dropped following the disruption.

Markets

8 days ago

Bitcoin has dipped below $60,000, dropping 5.4% in the past 24 hours to $59,600 amid a broader crypto market downturn. Other major cryptocurrencies, including ETH and SOL, also saw significant losses. Analysts attribute the decline to a mix of factors, including the "September Effect" and a potential rebound in the U.S. Dollar Index.

Tech

8 days ago

Iota completes the final phase of the EU Blockchain PCP, paving the way for scalable, sustainable, and secure blockchain infrastructure across the European Union. This achievement positions Iota to contribute to the next-gen blockchain framework under EUROPEUM-EDIC.

Policy

8 days ago

India explores a cross-border CBDC interoperability system. RBI Governor Shaktikanta Das advocates a "plug-and-play" approach to streamline global payments while respecting national sovereignty.

Business

8 days ago

Microsoft-backed AI and blockchain startup Space and Time raises $20M in Series A funding, boosting its total to $50M. The funds will accelerate product development and ecosystem growth, with the startup focusing on enhancing AI and blockchain integration.

23 August

Policy

17 days ago

India is taking steps to shape its domestic crypto policy, preparing a consultation paper set to release between September and October. The government is inviting industry stakeholders to contribute as it balances innovation with regulatory oversight.

Judge Dismisses Proposed Class-Action Lawsuit Alleging Coinbase Sold Unregistered Securities

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