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Adding “Blockchain” to the name of their firms have proved to be very beneficial to the top management of publicly listed companies over the past year. However, this tactic also attracted negative attention from regulators, and now two Nasdaq firms are facing additional troubles. Also Read: Robinhood Starts Rolling Out Cryptocurrency Trading Today Class Action Lawsuit … Read more
One of the most intriguing things about the cryptocurrency space is the diverse, eclectic, and often eccentric characters it attracts. Everyone from Wall Street brokers to cypherpunks and from industrialists to anarchists can be found staking their claim in the fledgling crypto economy and saying their piece. In a recent interview, venture capitalist Tim Draper … Read more
An Israeli company that was created in January has gotten its business rejected by all banks in the country, and is now suing them. Without a bank account, an Israeli exchange would not be able to legally receive fiat transfers from clients, effectively preventing it from starting operations. Also Read: Israel Tax Authority: Bitcoin is … Read more
The recent Coincheck exchange hack cannot go unpunished. Someone has to take the blame for this particular incident, and the bosses of the exchange formally apologized during a recent press conference. However, it seems several Coincheck users have filed a lawsuit against the exchange firm for freezing withdrawals after the theft occurred. A Major Lawsuit … Read more
Japanese cryptocurrency exchange Coincheck has submitted a report to the country’s financial authority outlining measures it will take following the hack that lost 58 billion yen worth of the cryptocurrency NEM from its platform. However, customers rush to withdraw 40.1 billion yen of their funds so far as the exchange resumes yen withdrawal service. Also … Read more
T-Mobile is one of the biggest mobile carriers in the US. This status does not protect it from lawsuits being filed against it, though. One T-Mobile customer has decided to file a lawsuit after hackers stole his cryptocurrency portfolio. In his opinion, the company failed to enforce sufficient security measures. Several thousand dollars worth of money was stolen, including some … Read more
Things have certainly gone from bad to worse for the BitConnect Ponzi scheme. After defrauding hundreds of investors, the company decided to pull the plug on its operation and the associated exchange. With so many people left in the dust, it was only a matter of time until the lawsuits started piling up. So far, … Read more
Bitconnect is facing litigation from six individuals accusing the company of operating a Ponzi scheme in addition to numerous violations of securities laws. The six plaintiffs collectively invested approximately $771,000 USD into Bitconnect, and are seeking recourse following the sudden removal of the company’s lending platform that immediately led to a more than 90% loss … Read more
Tezos, last year’s most notorious ICO, is back in the news and once again it’s for all the wrong reasons. The blockchain project, with its promise of decentralized governance, was hailed as a paragon of success after raising $232 million in 2017. Then, things turned ugly and have stayed that way ever since. In addition … Read more
The U.S. Commodity Futures Trading Commission has filed charges against three separate companies for engaging in fraudulent schemes involving cryptocurrencies. The cases include fraud and misappropriation of bitcoin and litecoin. Also read: South Korean Officials Caught Trading On Insider Knowledge of Crypto Regulations CFTC Sues Crypto Operators The U.S. Commodity Futures Trading Commission (CFTC) filed civil … Read more