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In a recent court submission, legal representatives for basketball icon Shaquille O’Neal, commonly referred to as Shaq, claim he was not duly served in the FTX class-action lawsuit. As per the document, servers allegedly hurled the court documents at Shaq’s car, ultimately landing on the public street near his Georgia residence. Shaq’s Legal Team Fights […]Powered by WPeMatico
Amidst the allegations against Do Kwon, the co-founder of Terraform Labs, a recent report by the Korean Sunday News has revealed that the Seoul Southern District Court has ruled in favor of LUNA, now renamed LUNC, by stating that it is not a financial investment product. Despite the recent enforcement action by the U.S. Securities […]Powered by WPeMatico
Last year in July, it was widely reported that the now deceased, enigmatic tech magnate John McAfee’s body was still in a Spanish morgue for a full year after his untimely demise. McAfee’s widow, Janice, has taken to social media to voice her distress over the extended delay in the release of his remains. It […]Powered by WPeMatico
Attorneys defending the co-founder of Terraform Labs, Do Hyeong Kwon, also known as Do Kwon, have presented their argument that says the U.S. Securities and Exchange Commission (SEC) has no jurisdiction in the matter. The legal team asserts that U.S. law precludes regulators “from using federal securities law to assert jurisdiction over the digital assets […]Powered by WPeMatico
2023 is shaping up to be a painful year for the U.S. Securities and Exchange Commission (SEC) as it finds itself entangled in battles with the ever-evolving and innovative cryptocurrency industry. From Ripple to Coinbase and Tron, the SEC faces fierce opposition with potentially huge consequences. The following opinion editorial was written by Joseph Collement, […]Powered by WPeMatico
Recently, Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), expressed his opinion in a detailed interview with New York Magazine’s Intelligencer regarding why he believes crypto assets other than bitcoin are securities. However, Stuart Alderoty, Ripple’s chief legal officer, argues that Gensler must “recuse himself from voting on any enforcement case […]Powered by WPeMatico
Software engineers and members of the development lab Ripplex want to create a cross-chain bridge for the XRPL network to bolster cross-chain transfers between different blockchain networks. According to a recent Github draft, the proposal outlines how the cross-chain bridge could function and suggests ways to prevent transaction replay. Ripplex Dev Proposes XRPL Cross-Chain Bridge […]Powered by WPeMatico
Attorneys representing Avraham Eisenberg argued he had already settled his dispute with Mango DAO and shouldn’t have to pay back any more funds.
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Crypto exchange Coinbase has filed documentation asking permission to help Ripple Labs in its ongoing legal battle with the SEC.
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The initial coin offering industry is plagued by scams, shady projects, and a lot of miscommunication. In the case of the Envion ICO, the founders are suing Matthias Woestmann and his corporation for breaching contractual obligations. This legal action against the shareholders of Envion AG, registered in Switzerland, doesn’t bode all that well for this particular project. What is Going on With Envion? As we have seen with the Tezos ICO, a discrepancy between initial promises and the end result often leads to legal action. While the Tezos team was capable of resolving such concerns amicably after a few tough months, itPowered by WPeMatico