NEWS | Goblin Crypto

California Man Sues Solana for Lying About Token Supply; Asks Court to Deem it an Unregistered Security

07/22/2022 10:00 pm 07/26/2022 9:28 pm

A California man is asking a court to issue a judgment against Solana Labs, the Solana Foundation, and founder and CEO Anatoly Yakovenko for offering an “unregistered security,” alleging that they profited while investors suffered “enormous losses.” “Defendants made enormous profits through the sale of SOL securities to retail investors in the United States, in violation of the registration provisions of federal and state securities laws, [while] investors suffered enormous losses,” according to the lawsuit, …

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Justice Department Indicts Former Coinbase Employee for Insider Trading — Says Twitter Influencer Tipped Them Off

07/21/2022 12:00 pm 07/21/2022 5:51 pm

The Justice Department announced Thursday it had indicted a former Coinbase employee and two of his associates for using insider knowledge to purchase tokens before they hit the exchange and subsequently dumping them on the public. The DOJ said the three individuals included 33-year-old Sameer Ramani, as well as two brothers, 32-year-old Ishan Wahi and 26-year-old Nikil Wahi. Ishan, who worked as a product manager for Coinbase, served on the company’s asset listing team. Officials …

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Elon Musk Dumps Bitcoin: Tesla Says it Sold 75% of its Holdings at Breakeven Price

07/20/2022 4:30 pm 09/05/2022 10:45 pm

Tesla announced in its quarterly earnings report released on Wednesday that it had sold three-quarters of its bitcoin holdings. “As of the end of Q2, we have converted approximately 75 percent of our Bitcoin purchases into fiat currency,” the company said. “Conversions in Q2 added $936M of cash to our balance sheet.” The company announced in February 2021 that it had invested $1.5 billion in bitcoin — worth about 46,700 tokens at an average price …

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The Full List of Three Arrows Capital’s 27 Creditors

07/20/2022 6:00 am 07/23/2022 5:04 am

Three Arrows Capital's Kyle Davies & Zhu Su

Looking for the full list of disgraced investment fund Three Arrows Capital’s (3AC) creditors? The bulk of the list appears on pages 393-397 of an application that liquidators filed this month with the High Court of Singapore. For your convenience, the full list is condensed below. It notably includes co-founder Zhu Su, who said he loaned the company $5 million, while Kelly Kaili Chen, the wife of co-founder Kyle Davies, is asking for more than $65 million. RELATED: Lawsuit Reveals …

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American Blockchain PAC Endorses Michigan House Candidate Shanelle Jackson to Unseat Rashida Tlaib

07/31/2022 5:00 pm 08/01/2022 1:46 am

The American Blockchain PAC announced Sunday that it had selected a Democrat running to unseat incumbent Rep. Rashida Tlaib (D-MI) as the recipient of its first endorsement in a federal election. “Among all candidates, we chose Shanelle Jackson because of her voting record as a state representative in the Michigan State House,” PAC founder Todd White said in a statement. “There is no question that Shanelle’s leadership skills will have immediate impact, shaping policy on the digital …

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