Bitcoin Breaks $31K: Supreme Court Rules in Coinbase’s Favor

• 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 $31,000 mark, a sign that the cryptocurrency is continuing to shake off recent slumps. The surge was accompanied by positive news from both Coinbase and Binance.

Supreme Court Rules in Favor of Coinbase

The Supreme Court issued an order for Coinbase to move a user lawsuit into arbitration. This is a major victory for the crypto exchange which had been dealing with various customer complaints regarding its services.

FTX Files Complaint To Retrieve $700M

Crypto exchange FTX has filed a complaint in an effort to retrieve $700 million from „super-networker“ Bankman-Fried. He had courted powerful contacts for connections prior to his disappearance with the funds.

Stably Pauses Withdrawals and Minting

Stably has paused withdrawals and minting on its platform after Prime Trust halted deposits due to increased amounts of suspicious activity on their network.

Binance’s Legal Woes Intensify

Binance’s legal troubles have been intensified as a Brazil lawmaker seeks an audience with the company’s general manager. This comes as Brazilian authorities are investigating possible money laundering activities involving the crypto exchange giant.