litigation

  • Bankruptcy Judge Allows Binance.US’s Acquisition of Voyager to Proceed Despite US Government Objection

    According to reports, a bankruptcy judge ruled in a document submitted to the court on Wednesday that the transaction of Binance. US’s $1 billion bid for Voyager should continue, rejecting the request of the United States government to suspend litigation pending appeal. Bankruptcy Judge: Binance. US’s $1 billion bid for Voyager should continue Analysis based on this information:In recent years, the cryptocurrency market has been rapidly growing, and companies like Binance.US and Voyager have been at the forefront of this growth. Binance.US, a digital asset exchange that operates within the United States, announced its bid to acquire Voyager, a commission-free cryptocurrency trading platform, for approximately $1 billion. However, their acquisition was met with opposition from the United States government, who requested that the litigation be suspended pending appeal. On Wednesday, the bankruptcy judge presiding over the case ruled that the transaction of Binance.US’s $1 billion bid for Voyager should continue, rejecting the United States government’s request. This decision represents a…

    03/16/2023
    69
  • Legal Issues Surrounding DraftKings’ NFT Ventures

    According to reports, according to NFTgators’ disclosure on social media, DraftKings is facing litigation for allegedly selling unregistered securities and operating unregistered stock exchanges in the form of NFT. Draftkins, a digital sports entertainment and game company, has launched the Primetime NFT series “2022 College Hoops Collection”. The NFT series will be launched during the college basketball national championship in March. The company has also reached a cooperation with the NFT company Metabilia to launch some NFTs based on the youngest players of the Major League Baseball (MLB). DraftKings faces litigation for allegedly selling unregistered securities and operating unregistered stock exchanges in the form of NFT Analysis based on this information:DraftKings, a well-known digital sports entertainment and game company, has faced legal issues related to their non-fungible token (NFT) ventures. According to reports, NFTgators has disclosed on social media that DraftKings is facing litigation for allegedly selling unregistered securities and operating unregistered exchanges in the form of NFTs. Despite these…

    03/12/2023
    82