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Crypto firm claiming $1.4B in trades on CMC flashes reportedly fake license data
26.9.2023
A crypto exchange claiming $1.7 billion in daily trades, and reporting $1.4 billion on CMC, had been reportedly displaying false license data until it was checked by Estonian regulators
Hong Kong Regulator Says Crypto Firms Claiming to Be Banks Are in Contravention of Banking Ordinance
21.9.2023
The Hong Kong Monetary Authority said on Sept. 10 that crypto firms presenting themselves as banks are in contravention of the region’s Banking Ordinance. The HKMA argued such descriptions “may mislead members of the public into believing that those crypto firms” are financial...
Digital Trading Platform MetaComp Offers Clients Stablecoin-to-TradFi Security Path, Claiming Singapore First
13.9.2023
Trading volume has climbed to around $50 million since the service was introduced last month
Hawaii Man Charged for Making False Security Fund Conversion to Crypto Claims
5.9.2023
The U.S. Securities and Exchange Commission has charged a Hawaiian resident for falsely claiming that his fraudulent security would become the “first publicly traded security fund to convert to a cryptocurrency.” According to the Commission, the man promoted the security to boost...
Australia-Based Crypto Lender Sentenced for False Credit License Claims
21.8.2023
The Australian securities regulator recently revealed that the crypto lending platform Helio pleaded guilty to the allegation of falsely claiming to be a holder of the Australian Credit License (ACL). For admitting to committing the offense, Helio is said to have entered...
Crypto Lender Helio Sentenced for Falsely Claiming to Hold an Australian Credit Licence
18.8.2023
Australia-based cryptocurrency lender, Helio Lending Pty Ltd, has been handed a non-conviction bond after falsely claiming to hold an Australian credit license.
The Australian Securities and Investments Commission (ASIC) revealed that Helio falsely claimed it held a credit license in an August...
Digital Currency Group files motion to dismiss Gemini lawsuit, claiming it's a PR campaign
10.8.2023
Gemini’s complaint filed in July alleged DCG and Barry Silbert had made "false, misleading, and incomplete representations and omissions" related to Genesis and the Earn program
Coinbase Urges Court to Dismiss SEC Case, Claiming Regulator ‘Overstepped’ Its Statutory Authority
4.8.2023
In a motion for judgment filed on August 4, Coinbase hit back against the SEC’s lawsuit alleging it facilitated unregistered trading of securities, arguing the agency lacks authority to regulate digital assets in this way. Coinbase Fights Back Against SEC’s Crypto Exchange Lawsuit In...
3AC co-founder rejects jurisdiction of bankruptcy court, claiming he renounced US citizenship
1.8.2023
As Singapore does not allow dual nationality, 3AC co-founder Kyle Davies said he chose to renounce his U.S. citizenship after getting married and receiving permanent residency
Legal Expert Warns Victory May Be Short-Lived for Ripple and XRP — Says Judge ‘Got the Law Wrong’
15.7.2023
A legal expert has warned that the district court ruling on XRP “rests on very shaky ground.” Expecting an appeal, he cautioned that Ripple’s victory “may be a short-lived victory,” claiming that the judge “got the law wrong.” Lawyer on Ruling of...
Russian President Putin Discusses End of US Dollar Dominance — Claims Russia Has No De-Dollarization Plan
18.6.2023
Russian President Vladimir Putin has discussed the end of the U.S. dollar dominance, claiming that Russia has nothing to do with the USD’s downfall. “We have never had and do not have the goal of de-dollarization,” Putin also stressed, highlighting global trends that could lead to the end of...
On-chain sleuth ZachXBT sued for libel after claiming plaintiff drained funds from project
16.6.2023
Plaintiff Jeffrey Huang claims his reputation was damaged when ZachXBT allegedly falsely accused him of embezzlement
An In-Depth Look at Binance’s TRO Opposition, Filing Insists SEC Manufactured an Emergency ‘for Its Own Purposes’
14.6.2023
Binance fired back at the U.S. Securities and Exchange Commission’s temporary restraining order (TRO) request on Monday, assuring the court that “there is no risk” to customer assets. The exchange’s legal team dismissed the notion of an “emergency,”...
FTC Tries Blocking Microsoft, Activision's $69B Deal, Claiming It's Being Rushed
13.6.2023
Microsoft’s attempted $69 billion acquisition of Activision Blizzard has been in a kind of limbo due to scrutiny from various regulatory bodies here in the U.S. and in the UK, and today the tech company faces one more hurdle. The Federal Trade Commission has filed a request for both a restraining...
Jack Dorsey courts controversy by claiming ETH is a security
7.6.2023
Since Binance and Coinbase were sued for offering unregistered securities, Dorsey has tweeted posts promoting a focus on Bitcoin development
Nigerian Central Bank Blasts Naira Devaluation Report — Publication Stands by Its Story
2.6.2023
The Central Bank of Nigeria (CBN) said on June 1 that the report claiming it had devalued the local currency to N631 per dollar “is replete with outright falsehoods and destabilising innuendos.” The Nigerian publication Daily Trust has said it stands by its story and called on...
IRS claiming $44B from FTX bankruptcy: Report
10.5.2023
The single biggest claim involves unpaid partnership and income taxes of $20.4 billion assessed against Alameda Research
Midjourney, other AI devs strike back in court, claiming their material is not similar to artists
20.4.2023
The response by the AI firms raises questions about how copyright law principles such as authorship, infringement and fair use will apply to content created or used by AI
Stop the Presses: Criticism Against the New York Times Mounts as Newspaper Is Accused of Killing 59 Million Trees Annually
19.4.2023
After the New York Times (NYT) published an editorial about bitcoin mining, claiming the industry is harmful to the environment, an organization called Stop the Presses took issue with the Times’ paper usage. Stop the Presses launched a social media campaign against the NYT’s newspaper...
Chatgpt Pretty Intelligent, Did Not Recommend Bitcoin, Peter Schiff Tweets
8.4.2023
Economist Peter Schiff praised the artificial intelligence of the Chatgpt assistant for omitting bitcoin in a suggested “recession-proof” portfolio. The long-time gold proponent commented on a report claiming the chatbot has recommended “massive allocations” in precious metals. Schiff Cites Study...