Mystery surrounds bizarre class-action lawsuit against Ripple over $48 loss
Despite filing fees of more than $400, a Ripple investor has launch legal action over a $48 loss. What’s going on? Go to Source Powered by WPeMatico
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Nasdaq-Listed Crypto Firm Sued, Accused of Defrauding Investors With Fake Bitcoin Mining Business
A class-action lawsuit has been filed against a Nasdaq-listed bitcoin mining company. The suit cites a report claiming that the business is “completely fraudulent,” with nonexistent bitcoin mining operations. Lawsuit Alleges Crypto Firm’s Bitcoin Mining Business Is ‘Completely Fraudulent’ A class-action lawsuit was filed on Wednesday in the Southern District Court of New York against … Read more
Lawsuit Filed to Stop a Global Cryptocurrency Scam Spreading in India
A class-action lawsuit has reportedly been filed against a cryptocurrency scam that has duped many Indian investors. The scam, promoted in three Indian languages, lures investors by promising up to 900% return on investments. The Delhi court has directed a notice to be placed in major newspapers, seeking victims of this scam to come forward. … Read more
Ripple’s CEO Addresses Key Allegations by US SEC — Legal Response Coming Soon
Ripple CEO Brad Garlinghouse has addressed some of the allegations made by the U.S. Securities and Exchange Commission (SEC) against his company. He focused on answering five questions on what he calls “unproven allegations” by the regulator. Garlinghouse Says There Is ‘Regulatory Chaos’ in the US In a Twitter thread on his official profile, Garlinghouse … Read more
Ripple CEO answers 5 key questions about the SEC lawsuit
Ripple’s CEO Brad Garlinghouse has responded to some of the community’s concerns surrounding the SEC’s $1.3 billion lawsuit against the firm. Go to Source Powered by WPeMatico
Chilean Court Orders Two Major Banks to Keep Open Checking Accounts of Crypto Exchange Buda
Chile’s Free Competition Defense Court (TDLC) ruled in favor of the Latin American cryptocurrency exchange Bud after their checking accounts were closed by two major banks in the midst of a lawsuit related to a Ponzi scheme unrelated to the exchange. Chilean Court Rejected Petitions From Two Banks to Keep Checking Accounts Closed From Crypto … Read more
Uphold will not delist XRP before court decision
The payments processor and exchange is committing to only delist XRP if and when the lawsuit is resolved. Go to Source Powered by WPeMatico
XRP enthusiasts seek to force White House’s hand on SEC suit
A longshot effort from the community hopes to solicit an official White House response Go to Source Powered by WPeMatico
SEC lawsuit against Ripple set for virtual pretrial conference in February
The SEC’s case against Ripple for selling XRP as unlicensed securities will begin with a pretrial in February 2021. Go to Source Powered by WPeMatico
XRP price falls 24% in 24 hours as exchanges begin delisting
Several exchanges have already halted XRP trading after the SEC’s lawsuit against Ripple was revealed. Go to Source Powered by WPeMatico