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Ripple CEO’s Public Statements About XRP Token Under Fire in Class-Action Lawsuit
28.3.2020
Plaintiffs in the class action lawsuit against Ripple Labs have filed another litigation complaint against Ripple CEO Brad Garlinghouse. The news follows the recent court judgment that denied Ripple Lab’s attempt to get the case dismissed. Also read: Market Update: Slew of Unknown Coins...
Another Class Action Suit Brought Against Robinhood Over Platform Outages
27.3.2020
Robinhood is facing a class-action lawsuit over repeated platform outages during historic stock price action
Bitcoin and Altcoins Recovery Unwinds As Bears Return To Action
23.3.2020
This week started with a fresh decrease in bitcoin after it failed to retain strength above USD 6,400 and USD 6,500. BTC/USD is currently (08:30 UTC) down close to 7% and it is now trading well below USD 6,000. It seems like the price is likely to continue lower towards the USD 5,650 and USD 5,550...
Fintech Think Tank Takes Legal Action Against Cardano Foundation
17.3.2020
London-based think tank Z/Yen has taken legal action against the foundation for allegedly terminating a 2017 agreement
Robinhood Outages During Historic Price Action Sparks Heated Community Reaction
14.3.2020
While the market is experiencing high trading volumes, millions of traders are left hanging as Robinhood experiences multiple outages
Ripple Court Ruling May Expand Legal Action Potential Against Crypto
14.3.2020
The application of UDAAP laws to cryptocurrencies not deemed securities will hold issuers responsible for the accuracy of advertising materials and customer agreements
South Korea Passes Bill to Regulate Cryptocurrency in Line With FATF Standards
7.3.2020
South Korea’s National Assembly finally passed a bill that provides a framework for the regulation of cryptocurrencies and exchanges. Crypto service providers will be required to use the real-name verification system and comply with reporting requirements in line with the global...
ICOBox Startup Fails to Acknowledge US SEC Action, Owes $16M
7.3.2020
ICO conductor and broker ICOBox must pay $16 million — the result of initial SEC legal action left unacknowledged by the startup
Bitcoin Mining Rig Manufacturer Canaan Sued – Accused of Misleading IPO Investors
7.3.2020
Bitcoin mining rig manufacturer Canaan Inc. is being sued for allegedly breaking U.S. securities laws before its initial public offering (IPO). Phillippe Lemieux, a Canaan investor, filed a class-action lawsuit that claims the company violated the Securities Act of 1933. Lemieux believes Canaan...
German Financial Regulator Takes Action Against First Bitcoin ATMs
6.3.2020
BaFin prohibits the crypto service provider and operator of bitcoin ATMs KKT UG from continuing its activities
Canaan Faces Class Action Lawsuit Alleging Dubious Practices During IPO
5.3.2020
Rosen Law Firm has filed a class-action lawsuit on behalf of investors in crypto mining hardware producer Canaan
Sweden Calls for Action Over Ukraine Crypto ‘Fraud Factory’
4.3.2020
Ukraine has been asked to act following a report of an alleged cryptocurrency fraud operation duping naive investors from the country's capital
Record Breaking Interest – Observing the Predictive Power of Bitcoin Futures Over BTC Spot Prices
29.2.2020
Bitcoin futures providers have been seeing a lot of action during the last two weeks as cryptocurrency markets have been extremely volatile. Data shows there’s been significant open interest on both retail and institutional bitcoin derivatives exchanges and Skew research noted bitcoin options...
Court Rejects Ripple’s Bid to Dismiss Class Action Lawsuit Filed by XRP Investors
27.2.2020
A court case that has the future of XRP at stake continues after Ripple’s motion to dismiss it was rejected by a court in California. The plaintiffs claim that the blockchain company sold the coin as an unregistered security and demand compensation. Ripple tried to avoid the case with...
Ripple Class-Action Lawsuit Can Proceed, Judge Rules
26.2.2020
A lawsuit claiming Ripple violated U.S. securities laws will be allowed to move forward – though with a caveat favorable to the San Francisco-based payments firm
Bitcoin Halving Mentions in Crypto Media Correlate With Bullish 2020 Price Action
25.2.2020
Digital asset data company The TIE found a correlation between Bitcoin halving media mentions and the cryptocurrency’s price
Lawyers Duke it Out Over Who Gets To Lead the Class Action Suit Against Tether
25.2.2020
The lawsuit against Tether is proceeding, but first a New York judge needs to choose which law firm takes the lead on the case. The decision will impact the direction of the case
Senior Bank of England Official Calls for Urgent Digital Fiat Action
24.2.2020
Central banks in major economies continue to change their stance on digital currency issuance, with Sarah John, the Bank of England’s chief cashier, stating that it is “so crucial” that central banks act before tech giants establish dominance in the sector.
Per British newspaper the Telegraph, John...
G20 Kicks Off 2020 Discussion on Cryptocurrencies — Urges Countries to Apply FATF Standards
24.2.2020
The G20 finance ministers and central bank governors had their first 2020 meeting this weekend in Saudi Arabia. They discussed cryptocurrencies and stablecoins, and issued a statement urging countries to implement the cryptocurrency standards set by the Financial Action Task Force. They were also...
Market Update: Bitcoin Halving Hype, Golden Cross Signals, and GBTC’s 41% Premium
19.2.2020
Cryptocurrency markets have seen fresh gains on Wednesday after the slight pullback that started two days prior. Most of the top 10 digital currencies by market cap have gained between 4-8% and the entire market valuation of all cryptos has hovered between $295-300 billion. Also Read: Voluntary...