Search
Court revives 2020 AT&T case over $24M crypto theft via SIM swap
2.10.2024
Cryptocurrency stolen in a SIM swap may lead to a precedent-setting decision on phone company responsibility.
Binance US Confident in Legal Battle Against SEC as Case Moves Forward
4.7.2024
Binance US responded to the court’s decision to allow the SEC lawsuit to proceed, expressing confidence in its position and criticizing the SEC’s regulatory approach. “We remain confident in our position that the SEC’s case is unsupported by the facts or the law,...
Consensys to Challenge SEC in Court: Confident SEC Lacks Authority to Regulate Software Interfaces Like Metamask
29.6.2024
Consensys Software has issued a statement addressing U.S. Securities and Exchange Commission (SEC) charges accusing the company of unregistered securities offerings through Metamask staking and swaps. Consensys contends the SEC’s actions are regulatory overreach and vows to defend...
Ripple Clarifies XRP Is Not a Security After New Court Ruling
22.6.2024
Ripple’s chief legal officer has clarified that a California district judge has dismissed all allegations that Ripple violated federal securities laws. He stressed that District Judge Analisa Torres’ ruling regarding the non-security status of XRP “stands undisturbed.”...
US Supreme Court to Hear Nvidia’s Bid to Dismiss Crypto-Related Lawsuit
17.6.2024
The U.S. Supreme Court has agreed to hear Nvidia’s appeal to dismiss a securities fraud lawsuit accusing the company of misleading investors about its sales to the cryptocurrency industry. Nvidia’s appeal follows a lower court’s decision to revive a class-action lawsuit. The suit...
American Securities Association Sues SEC Over Lack of Transparency in Enforcement Actions
7.6.2024
The American Securities Association (ASA) filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) on Thursday for failing to comply with the Freedom of Information Act (FOIA). The ASA seeks to compel the SEC to disclose records related to its “recordkeeping sweep...
SEC files final response in Ripple XRP case
8.5.2024
The SEC argues that Ripple’s assertions do not negate the need for injunctions to prevent future violations
Class Action Lawsuit Claims Coinbase Operates as Unregistered Broker
5.5.2024
A new class action lawsuit was initiated against the San Francisco-based cryptocurrency exchange Coinbase on May 3. The legal action claims that Coinbase deliberately sold securities that are unregistered with regulatory authorities. Additionally, the lawsuit charges Coinbase with operating as...
Epic CEO Calls Fortnite Crypto 'A Scam,' Threatens Legal Action
7.6.2022
I’m not surprised that Fortnite crypto exists. Whether it’s Nintendo or Minecraft NFTs, crypto scammers love to make environment-destroying projects out of other people’s IPs. What’s surprising is that Epic Games CEO Tim Sweeney bothered to give the Fortnite Tokens project his time of day. “This...
Bitcoin Mining Operation Being Sued for Producing High Noise Levels in Tennessee
16.10.2021
A bitcoin mining operation in Tennessee is being sued by neighbors due to the high level of noise the facility produces. The lawsuit, which was filed in August, asks mining operator Red Dog to shut down operations and pay personal damages fees, as well as compensate owners for decreased property...
Kik Fights Back; Submits Exhaustive Report Against SEC’s Cryptocurrency Lawsuit
7.8.2019
Kik Interactive’s instant messaging mobile app- Kik Messenger faced complaints from SEC which were filed against the company in June this year. During the lawsuit, which was filed by the U.S. Securities and Exchange Commission (SEC) against the Canadian messenger company, the platform aggressively...