-
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RNDR 11.36 (+2.51%) -
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Mashinsky files motion to dismiss NY AG suit says it parrots misinformation
Published: 2023-05-03
1. Legal Battle between Celsius Network CEO and NY Attorney General: Celsius Network CEO Alex Mashinsky has filed a motion seeking the dismissal of the lawsuit brought forward by the New York Attorney General's office. He alleged that the suit is based on misinformation propagated by competing interests. The case dates back to February when the NYAG charged both Celsius Network and its CEO with offering unregistered securities,in the form of interest-bearing cryptocurrency accounts. Mashinsky`s motion comes after an appeal has been filed against the dismissal of the case against another cryptocurrency company.
2. The Alleged Violation of Securities Law: The central topic of the article is the supposed violation of security laws by Celsius Network. The company stands accused of offering interest-bearing accounts that are not registered as securities with the SEC. The argument from the NYAG is that the accounts should be treated as securities,and that offering them is therefore a violation of the law. Mashinsky is pushing back against these claims,stating that these accounts are a direct result of the low-interest-rate environment that tradional banking is currently experiencing.
3. The Role of Competing Interests in the Legal Battle: Mashinsky has claimed that competing interests are driving the legal battles against cryptocurrencies. He has argued that traditional finance players feel threatened by the rise of alternative financial systems and are spreading misinformation to harm the reputations of young and lucrative businesses. These legal battles are putting the livelihoods of thousands of professionals at risk,which,he argues,is unfair. He believes that the case against Celsius is a result of these same vested interests.
Reference: cointelegraph.com
The most traded coin
(Update every 1 hour)
| at | from | is ($US) | turnover ($) |
|---|---|---|---|
| 1 | ARS |
1,051.40 | 2,183,528,574.90 |
| 2 | BTC |
62,898.67 | 1,777,673,749.85 |
| 3 | ETH |
2,970.00 | 824,858,074.10 |
| 4 | SOL |
146.08 | 495,270,878.09 |
| 5 | PEPE |
<0.01 | 360,146,479.73 |
| 6 | DOGE |
0.15 | 179,939,986.83 |
| 7 | WIF |
3.04 | 161,284,099.73 |
| 8 | XRP |
0.51 | 141,460,056.07 |
| 9 | BOME |
0.01 | 137,537,948.91 |
| 10 | RNDR |
11.36 | 132,982,068.83 |
| 11 | RUNE |
6.05 | 119,036,857.13 |
| 12 | WLD |
5.82 | 118,193,212.43 |
| 13 | ENA |
0.81 | 87,305,022.02 |
| 14 | NEAR |
7.21 | 80,241,283.34 |
| 15 | BONK |
<0.01 | 53,785,480.47 |
| 16 | AR |
39.89 | 53,151,679.57 |
| 17 | JTO |
3.96 | 52,572,109.71 |
| 18 | FLOKI |
<0.01 | 50,792,243.58 |
| 19 | UMA |
4.16 | 49,956,438.85 |
| 20 | AVAX |
33.34 | 47,043,632.29 |
| 21 | ARKM |
2.48 | 42,549,576.80 |
| 22 | ETHFI |
3.60 | 40,714,099.40 |
| 23 | ADA |
0.45 | 39,768,512.39 |
| 24 | ICP |
11.88 | 38,271,811.35 |
| 25 | ORDI |
37.07 | 37,073,440.89 |
| 26 | FTM |
0.69 | 35,404,297.63 |
| 27 | MATIC |
0.67 | 34,541,572.04 |
Coins with rapidly rising prices
(Update every 1 minute)
| at | from | is ($US) | more (%) |
|---|---|---|---|
| 1 | PEPE |
<0.01 | +8.07 |
| 2 | FLOKI |
<0.01 | +6.65 |
| 3 |  LSK |
2.00 | +6.00 |
| 4 |  POWR |
0.32 | +5.98 |
| 5 | BONK |
<0.01 | +5.58 |
| 6 | UMA |
4.16 | +3.87 |
| 7 |  RAD |
1.79 | +3.77 |
| 8 | NEAR |
7.21 | +3.61 |
| 9 |  STX |
2.06 | +3.26 |
| 10 |  WNXM |
62.67 | +3.08 |
| 11 | BTC |
62,898.67 | +2.89 |
| 12 |  NMR |
26.68 | +2.85 |
| 13 |  WBTC |
62,816.46 | +2.78 |
| 14 |  ZEN |
8.50 | +2.78 |
| 15 | BTTC | <0.01 | +2.56 |
| 16 |  VANRY |
0.17 | +2.51 |
| 17 | RNDR |
11.36 | +2.51 |
| 18 |  CHR |
0.27 | +2.37 |
| 19 | DOGE |
0.15 | +2.34 |
| 20 |  COMP |
55.64 | +2.32 |
| 21 |  DATA |
0.05 | +2.27 |
| 22 | WIF |
3.04 | +2.13 |
| 23 |  BCH |
443.20 | +2.10 |
| 24 |  SUSHI |
1.08 | +1.99 |
| 25 | ORDI |
37.07 | +1.98 |
| 26 |  1000SATS |
<0.01 | +1.85 |
| 27 |  RVN |
0.03 | +1.65 |
| 28 |  OM |
0.71 | +1.58 |
| 29 |  KLAY |
0.17 | +1.57 |
| 30 |  STORJ |
0.52 | +1.55 |
The price of coins is falling rapidly.
(Update every 1 minute)
| at | from | is ($US) | reduce (%) |
|---|---|---|---|
| 1 |  AUCTION |
14.82 | -13.99 |
| 2 |  SAGA |
2.53 | -13.75 |
| 3 |  RARE |
0.13 | -12.79 |
| 4 |  REZ |
0.12 | -10.81 |
| 5 |  AEVO |
1.09 | -10.78 |
| 6 |  TNSR |
0.84 | -9.83 |
| 7 | JTO |
3.96 | -9.65 |
| 8 |  FOR |
0.02 | -9.35 |
| 9 |  AERGO |
0.13 | -8.29 |
| 10 |  PENDLE |
3.98 | -8.03 |
| 11 |  HIGH |
4.52 | -7.94 |
| 12 |  HIVE |
0.32 | -7.65 |
| 13 |  PORTAL |
0.80 | -7.31 |
| 14 |  SYN |
0.75 | -7.27 |
| 15 |  MOVR |
15.15 | -6.96 |
| 16 |  RLC |
3.13 | -6.85 |
| 17 |  POLS |
0.69 | -6.63 |
| 18 |  GMX |
27.93 | -6.28 |
| 19 |  VIC |
0.45 | -5.89 |
| 20 |  PYTH |
0.43 | -5.72 |
| 21 |  XVG |
<0.01 | -5.65 |
| 22 |  QI |
0.02 | -5.60 |
| 23 |  EPX |
<0.01 | -5.59 |
| 24 |  NFP |
0.47 | -5.54 |
| 25 |  PSG |
3.90 | -5.50 |
| 26 |  CTXC |
0.32 | -5.31 |
| 27 | FTM |
0.69 | -5.29 |
| 28 |  KMD |
0.39 | -5.24 |
| 29 |  KEY |
<0.01 | -5.19 |
| 30 |  OMNI |
16.31 | -5.17 |
Bitcoin's Greed and Fear Index.
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US news that has a significant impact on the market
| at | news | day | date | time |
|---|---|---|---|---|
| 1 | FOMC Member Jefferson Speaks | Monday | 13-05-2024 | 14:00 |
| 2 | FOMC Member Mester Speaks | Monday | 13-05-2024 | 14:00 |
| 3 | Mortgage Delinquencies | Monday | 13-05-2024 | 15:00 |
| 4 | NFIB Small Business Index | Tuesday | 14-05-2024 | 11:00 |
| 5 | Core PPI m/m | Tuesday | 14-05-2024 | 13:30 |
| 6 | PPI m/m | Tuesday | 14-05-2024 | 13:30 |
| 7 | FOMC Member Cook Speaks | Tuesday | 14-05-2024 | 14:10 |
| 8 | Fed Chair Powell Speaks | Tuesday | 14-05-2024 | 15:00 |
| 9 | Core CPI m/m | Wednesday | 15-05-2024 | 13:30 |
| 10 | Core Retail Sales m/m | Wednesday | 15-05-2024 | 13:30 |
| 11 | CPI m/m | Wednesday | 15-05-2024 | 13:30 |
| 12 | CPI y/y | Wednesday | 15-05-2024 | 13:30 |
| 13 | Empire State Manufacturing Index | Wednesday | 15-05-2024 | 13:30 |
| 14 | Retail Sales m/m | Wednesday | 15-05-2024 | 13:30 |
| 15 | Business Inventories m/m | Wednesday | 15-05-2024 | 15:00 |
| 16 | NAHB Housing Market Index | Wednesday | 15-05-2024 | 15:00 |
| 17 | Crude Oil Inventories | Wednesday | 15-05-2024 | 15:30 |
| 18 | FOMC Member Bowman Speaks | Wednesday | 15-05-2024 | 20:20 |
| 19 | TIC Long-Term Purchases | Wednesday | 15-05-2024 | 21:00 |
| 20 | Unemployment Claims | Thursday | 16-05-2024 | 13:30 |
| 21 | Building Permits | Thursday | 16-05-2024 | 13:30 |
| 22 | Philly Fed Manufacturing Index | Thursday | 16-05-2024 | 13:30 |
| 23 | Housing Starts | Thursday | 16-05-2024 | 13:30 |
| 24 | Import Prices m/m | Thursday | 16-05-2024 | 13:30 |
| 25 | Industrial Production m/m | Thursday | 16-05-2024 | 14:15 |
| 26 | Capacity Utilization Rate | Thursday | 16-05-2024 | 14:15 |
| 27 | FOMC Member Barr Speaks | Thursday | 16-05-2024 | 15:00 |
| 28 | Natural Gas Storage | Thursday | 16-05-2024 | 15:30 |
| 29 | FOMC Member Mester Speaks | Thursday | 16-05-2024 | 17:00 |
| 30 | FOMC Member Bostic Speaks | Thursday | 16-05-2024 | 20:50 |
| 31 | CB Leading Index m/m | Friday | 17-05-2024 | 15:00 |
| 32 | FOMC Member Waller Speaks | Friday | 17-05-2024 | 15:15 |
| 33 | FOMC Member Kugler Speaks | Saturday | 18-05-2024 | 22:45 |
