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Portugal Unveils ‘Free Zones’ for Emerging Technologies in Digital Action Plan
24.4.2020
Portugal is taking an ambitious approach to encouraging experimentation with blockchain, AI, 5G and other emerging technologies
JPMorgan, Bank of America, Wells Fargo Sued Over Trump’s Paycheck Protection Program
22.4.2020
Class action lawsuits have been filed against JPMorgan Chase, Bank of America, Wells Fargo, and U.S. Bank for their alleged unlawful and fraudulent practices in the Paycheck Protection Program. This program is part of President Trump’s $2.2 trillion stimulus package to help small businesses...
Consensys Cuts Hundreds of Jobs This Year – About 25% of Its Staff Slashed
22.4.2020
Ethereum-based company Consensys has cut hundreds of jobs since January. In its latest action, the US-based blockchain development team confirmed it will slash more than 90 jobs – or 14% of its workforce – citing the global impact of Covid-19. The decision comes after a virtual town...
South Africa Proposes 30 Rules to Regulate Cryptocurrency
19.4.2020
South Africa’s top financial regulators, including the South African Reserve Bank, have jointly released a policy paper with 30 recommendations for the regulation of cryptocurrency and related service providers. They aim to be in compliance with the cryptocurrency standards set by...
‘Black Thursday’ Liquidations Sparks $28M Lawsuit Against Maker Foundation
15.4.2020
The Maker Foundation is being sued in a class-action lawsuit for $28 million over the March 12 event that caused over $2 million in liquidations. The lawsuit alleges that the team behind the Makerdao project did not explain the extreme risk of loss to investors. Also read: ETH Price Strains Defi...
MakerDAO Users Sue Stablecoin Issuer Following ‘Black Thursday’ Losses
14.4.2020
A lawsuit against the Maker Foundation claims the DeFi platform “intentionally misrepresented the risks associated with CDP ownership.”
Lead Plaintiff Settles Class Action Targeting $20 Mln ICO for $250,000
12.4.2020
A motion to settle the case against ATB for 1.5% of its estimated fundraising was filed by lead plaintiff Raymond Balerta
Recent Class Action Lawsuit Could Cost Binance Billions of Dollars
10.4.2020
Could past compliance missteps lead to the eventual downfall of Binance?
Exchange CEO Explains Bitcoin Exploring Uncorrelated Price Action
9.4.2020
Bitcoin looks to be exploring its own price path, AAX crypto exchange CEO Thor Chan explained
Tether, ICOs, Craig Wright – Attorney Divulges New Details on Billion Dollar Crypto Lawsuits
9.4.2020
On April 3, the law firms Roche Cyrulnik Freedman and Selendy & Gay filed 11 class-action lawsuits against multiple digital currency exchanges and the issuers of certain initial coin offering (ICO) tokens. Entities like Block.one, Tron, Bancor, Status and numerous company executives...
Canaan IPO Class Action: Shareholders Must Decide Who Will Represent Them By May
7.4.2020
Canaan's stakeholders have a deadline set by May to name who will represent their interests in class-action lawsuit against the mining firm
Blockchain Bites: Major Crypto Players Sued, Steem Froze Accounts and More
6.4.2020
A boutique law firm is leading a bevy of charges against the biggest names in crypto while MakerDAO plans its obsolescence
Class Action Lawsuits Lodged against Binance, BitMex, Tron and More
6.4.2020
An American law firm has filed a series of ambitious class action lawsuits against some of the biggest crypto exchanges and token issuers in the world, accusing them of selling unlicensed securities without brokerage or dealer licensing certification and market manipulation.
In a press release...
Q3 Crypto Ponzi Victims File Class Action Lawsuit Against Wells Fargo
6.4.2020
Wells Fargo Advisors is facing counts of fraud, negligence, unjust enrichment and vicarious liability in a lawsuit filed by the victims of a $35 million crypto Ponzi
ICO Crackdown: 11 Class-Action Lawsuits Filed Against Cryptocurrency Companies
5.4.2020
A number of class-action lawsuits have been filed against various digital asset firms and exchanges on Friday. The U.S.-based “litigation boutique,” Roche Cyrulnik Freedman, filed the lawsuit for three plaintiffs in the Southern District of New York. All three lawsuits claim that...
Amended Ripple Class-Action Covers Possibility XRP Is Not a Security
1.4.2020
XRP investors have amended a class action lawsuit against Ripple to cater for an outcome where the token is ruled to not be a security
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