Bitcoin Breaks $31k: Supreme Court Backs Coinbase, Binance in Legal Woes

• Bitcoin breaks $31k as it continues to shake off recent slumps
• Supreme court rules in favor of Coinbase, issues order to move user lawsuit into arbitration
• Binance’s legal woes intensify as Brazil lawmaker seeks to question general manager

Bitcoin Breaks $31K

Bitcoin has broken the $31K mark and continues to show resilience despite recent price drops. This is a testament to its increasing popularity and strength as a digital asset.

Coinbase Receives Favorable Court Ruling

The Supreme Court has issued an order in favor of Coinbase, which will move the user lawsuit against the exchange into arbitration. This ruling reinforces Coinbase’s position that it provides adequate consumer protections for its customers.

FTX Files Complaint Against „Super-Networker“ Bankman-Fried

FTX has filed a complaint against Bankman-Fried for connections courted by him, seeking to recover $700M from him. The complaint is still pending resolution.

Stably Pauses Withdrawals & Minting After Prime Trust Halts Deposits

Stably has put withdrawals and minting on hold following Prime Trust halting its deposits. This decision was made in order to ensure the safety of customers‘ funds and maintain compliance with regulations.

Binance’s Legal Woes Intensify In Brazil

A Brazilian lawmaker is now seeking to question Binance’s general manager regarding potential legal violations within the country. As such, Binance’s legal woes have intensified further as this case progresses.

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