News list for " its ex"

Jump Trading is suing its former engineers for founding competing projects and secretly raising funds

Jump Trading has filed a lawsuit against Liam Heeger, its former software engineer, alleging that he is now running a "competitive business" and breaching non-compete obligations. The company alleges that Heeeger, who co-led Firedancer, a large blockchain project at Jump, violated non-compete agreements after he resigned from the company on November 11. The documents show that Heeger started a new blockchain development business to "compete directly with Jump". Jump said Heeger had been valued a...

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2025-01-23 17:49:38
Bank of New York Mellon is moving forward with crypto ETF custody services

Bank of New York Mellon (BNY) is moving forward with offering Bitcoin and Ethereum custody to its exchange-traded fund (ETF) clients after a review by the Securities Exchange Commission (SEC) decided that BNY is not required to comply with controversial cryptoasset accounting rule SAB 121. Since its introduction in 2022, SAB 121 has been requiring companies custodial crypto assets to book them as liabilities, putting pressure on the crypto industry. The SEC said that banks such as BNY have robus...

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2024-09-25 06:29:15