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In the state of Florida, there’s an ongoing lawsuit against Craig Wright, the self-proclaimed Satoshi Nakamoto, for billions of dollars. Wright is being sued by the Kleiman family on behalf of the late Dave Kleiman for allegedly misappropriating billions worth of BTC through a partnership years ago. On March 29, the Kleiman vs. Wright discovery […]
The post Kleiman Estate Says Satoshi Reveal ‘Is Relevant’ in Billion Dollar Bitcoin Lawsuit appeared first on Bitcoin News.
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After failing to convince a federal court regarding the nature of Blockvest tokens in the previous hearing, the U.S. Securities and Exchange Commission (SEC) has finally convinced the same judge that these tokens are securities. The agency alleges that the firm and its founder made several false claims regarding their token’s regulatory status. Also read: SEC […]
The post Court Reconsiders Ruling After SEC Proves Blockvest Tokens Are Securities appeared first on Bitcoin News.
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Brazilian cryptocurrency exchange Bitcoin Max has won in court the right to keep its checking account with Banco Santander. According to the presiding judge, the bank has not met its obligation to notify the crypto company of the closure in advance. Also read: Hacked NZ Exchange Cryptopia Allowed to Reopen Closing of Account Deemed […]
The post Court Rules Brazil’s Bitcoin Max Exchange Can Keep Bank Account appeared first on Bitcoin News.
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In this edition of The Daily, we cover two announcements regarding fiat-to-crypto trading services. The U.S. subsidiary of Huobi has introduced pairs between three cryptocurrencies and the U.S. dollar and peer-to-peer platform Airswap has enabled users to exchange fiat currency for ethereum. There’s also a new development in the Quadrigacx saga – a judge has […]
The post The Daily: Huobi Adds USD Trading Pairs, Airswap Launches Fiat-to-Crypto Exchange appeared first on Bitcoin News.
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In recent regulatory news, a report by the Center for Public Integrity has explored the potential for cryptocurrency donations to obfuscate politicians’ sources of funding, a U.S. judge has urged the Malaysian public to exercise due diligence when considering seeking exposure to cryptocurrencies, and a report conducted by IBM Blockchain and the Official Monetary and […]
The post Regulations Roundup: Cryptocurrency Campaign Donations, US Judge Warns Malaysians appeared first on Bitcoin News.
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A U.S. federal court has fined a New York firm and its chief executive officer over $2.5 million in the first anti-fraud action involving bitcoin filed by the Commodity Futures Trading Commission. The Ponzi scheme involved a fake pooled investment strategy and a “fake computer ‘hack’ that supposedly caused the loss of nearly all customer funds,” […]
The post US Federal Court Fines Bitcoin Ponzi Schemer Over $2.5 Million appeared first on Bitcoin News.
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Cryptocurrencies are commodities, according to four court cases involving the U.S. Commodity Futures Trading Commission (CFTC). A federal judge recently ruled that a token is a commodity, certifying the CFTC’s authority to prosecute fraud and manipulation in the crypto space. In her ruling, the judge cited three other crypto-related cases that arrive at the same […]
The post Four Court Cases Confirm Cryptocurrencies Are Commodities in the US appeared first on Bitcoin News.
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A Mexico-based “prolific bitcoin dealer” has been indicted and held without bond in the US on a number of international money laundering charges. He used Bitfinex for his exchange needs after Coinbase closed his account. His “activities ‘blew a giant hole’ through the legal framework of U.S. anti-money laundering laws,” the Department of Justice wrote. […]
The post Prolific Bitcoin Dealer ‘Blew a Giant Hole’ Through US Legal Framework appeared first on Bitcoin News.
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A US federal judge has ordered an alleged hacker to pay the equivalent of $750,000 in cryptocurrency for bail. The man was charged with hacking video game company Electronic Arts (EA), obtaining in-game currency used to buy and sell in-game items, and selling access to online games though black-market websites. Also read: Yahoo! Japan Confirms Entrance […]
The post US Judge Orders Alleged Hacker to Pay Bail in Cryptocurrency appeared first on Bitcoin News.
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