Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Today in crypto, New York Attorney General Letitia James filed suit against Coinbase and Gemini in the latest state legal challenge to prediction markets, shipping companies with vessels stranded near the Strait of Hormuz are reportedly being targeted by scammers posing as Iranian authorities, demanding Bitcoin or USDt for safe passage, and Arbitrum froze $71 million in Ether tied to the Kelp exploit.

New York's attorney general has filed lawsuits against crypto exchange operators Coinbase Financial Markets and Gemini Titan for allegedly violating state gambling laws, according to court records cited by Reuters.

Copies of the complaints show the state alleges both exchanges failed to obtain licenses from the New York State Gaming Commission to operate their markets, Reuters reported. 

Read more