US Crypto Lawsuits Reach All-Time High With 42% Increase in 2022; SEC Cases Dominate Legal Battles

US Crypto Lawsuits Reach All-Time High With 42% Increase in 2022; SEC Cases Dominate Legal BattlesA new study on digital currency-related lawsuits since 2018 shows a 42% increase in crypto lawsuits in 2022. The highest number of claims in a single year was recorded last year, with 41 total claims in the United States. The research also shows that the majority of lawsuits came from the U.S. Securities and Exchange […]

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European Commission Opposes Crypto Fraud Compensation Fund: Victims Say Commission Cozying up to the Industry

European Commission Opposes Crypto Fraud Compensation Fund: Victims Say Commission Cozying up to the IndustryThe European Commission (EC) is opposing the creation of the crypto crime victim superfund to be financed with $0.0001 per dollar on all cryptocurrency transactions occurring within the EU. The Commission says that it does not have the competence to set up and administer such a fund. It also argues that most crypto crimes occur […]

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US Court Issues Emergency Order Halting a Planned Initial Coin Offering

US Court Issues Emergency Order Halting a Planned Initial Coin OfferingAn American court has put a stop to an initial coin offering (ICO) by a company claiming to offer “the first licensed and regulated tokenized crypto currency exchange & index fund based in the US.” The ICO promoters even invented their own regulatory authority, which seems to have really irked the regulators. Also Read: The […]

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SEC to Focus on Cryptocurrency and ICO Fraud as Top Priority

SEC to Focus on Cryptocurrency and ICO Fraud as Top PriorityThe financial inspectors of the SEC publish their top priorities at the beginning of every year in an effort to improve compliance, prevent fraud, monitor risk, and inform regulatory policy. This year, tacking fraud in the ICO and cryptocurrency markets takes center stage. Also Read: Weiss Ratings Defends its Decision to Give Bitcoin Only a […]

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Seele ICO Sets Up Emergency Response Team After $1.8m Fraud

Seele ICO Sets Up Emergency Response Team After $1.8m FraudOne would have hoped that by now investors in Initial Coin Offerings (ICOs) would have learned to be more careful who they trust with their money, but the spate of new scams that are reported every week shows this has yet to happen. The latest group to fall for an ICO fraud are Seele investors. Also […]

The post Seele ICO Sets Up Emergency Response Team After $1.8m Fraud appeared first on Bitcoin News.

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