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Bitcoin News / Bitcoin.com - 2 years ago

SEC and CFTC Lawsuits Against Former FTX CEO Paused Until Criminal Proceedings Conclude

Two civil lawsuits, stemming from the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), against former FTX CEO Sam Bankman-Fried will be paused until his criminal proceedings are complete. US Attorney...

Bitcoin News / Bitcoin.com - 2 years ago

At Least 1,000 Lawsuits Filed Against Crypto Miners in Russia’s Irkutsk Region

Authorities in the Russian region of Irkutsk have so far filed 1,000 lawsuits against what they call “gray” miners, or people minting coins in their homes. In over half of these cases, courts have ordered the defendants to compensate the operators of...

Bitcoin News / Bitcoinist - 2 years ago

CBDC Rises In The Emirates: Why The UAE Central Bank Is Interested In Issuing A Digital Currency

In recent months, initiatives surrounding central bank digital currencies,  (CBDC) have gained traction as banking authorities attempt to streamline cross-border transactions and stimulate innovation in the payments industry. Regulators in Asia, Euro...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

SEC lawsuit against Paxos over BUSD baffles crypto community

Members of the community were confused and argued that people buying the stablecoin were not expecting it to go up in value. Paxos Trust Company-issued stablecoin Bina...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Breaking: Paxos reportedly ordered to stop issuing Binance USD

A New York regulator ordered Paxos to stop issuing BUSD, the third-largest stablecoin by market cap. The New York Department of Financial Services (NYDFS) has ordered ...

Bitcoin News / Bitcoin.com - 2 years ago

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

A 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...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Breaking: Paxos facing SEC lawsuit over Binance USD — Report

According to The Wall Street Journal, the notice relates to Binance USD, which the United States Securities and Exchange Commission is alleging is an unregistered security....

Bitcoin News / Bitcoinist - 2 years ago

Shopify Launches Comprehensive Blockchain Suite For Merchants

E-commerce giant Shopify has launched its new blockchain suite of products for merchants. This development is expected to improve user experience on web3-based stores hosted on Shopify. In addition, merchants can utilize token gating and leverage new...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Shopify launches suite of blockchain commerce tools for merchants

Shopify NFT merchants can now use the “tokengating” tools to dictate which tokenholders can and cannot gain access to exclusive products, NFT drops and benefits. Crypt...

Bitcoin News / Bitcoin.com - 2 years ago

French Luxury Brand Hermes Wins NFT Trademark Infringement Lawsuit

French luxury brand Hermes has won a lawsuit against an artist who depicted its famous Birkin bags in a non-fungible token (NFT) collection. The artist argued that NFTs should be covered under the U.S. Constitution’s First Amendment but the ju...

Bitcoin News / Bitcoinist - 2 years ago

Non Fungible… Trademark? Hermès Awarded Victory In Trademark Lawsuit Against NFT Artist

It was just over one year ago when we first highlighted the story of fashion house Hermès opening a lawsuit up against NFT creator Mason Rothschild. The story has come full circle as the lawsuit comes to a close on Wednesday, with jurors coming to a...

Cryptocoins News / EthereumWorldNews - 2 years ago

Grayscale Files ‘Final’ Briefs In ETF Lawsuit Against SEC

Summary: Gary Gensler’s SEC rejected Grayscale’s Bitcoin exchange-traded fund application citing fraud and market manipulation concerns.The digital asset manager sought regulatory permission to switch its BTC spot trust index to an E...

Bitcoin News / Bitcoinist - 2 years ago

XRP Lawyer Deaton Files Amicus To Join Another Ripple Lawsuit

The U.S. Securities and Exchange Commission (SEC) lawsuit against Ripple Labs is not the only battle the company is currently fighting. In fact, there is a court case that has been under trial for a longer period of time: The class action lawsuit fil...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Yuga Labs settles lawsuit with developer involved in copycat BAYCs

The BAYC creators have settled with developer Thomas Lehman over his role in selling a copycat collection of BAYC NFTs. The creator of the nonfungible token collectio...