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Cryptocoins News / Blockchain  - 2 years ago

U.S. sanctions: Customers suing Compass Mining

Compass Mining customers are suing for $2 million for fraud. The firm terminated connections with Russian hosting provider Bit River and didn't restore clients' Bitcoin machines. It cut connections with Bit River over non-applicable US sanctions. (Re...

Bitcoin News / Bitcoin.com - 2 years ago

Ripple CEO ‘Optimistic’ About SEC Lawsuit Over XRP — Says ‘I Feel Very Good About Where We Are’

Ripple CEO Brad Garlinghouse says that he is “optimistic” that the Securities and Exchange Commission (SEC) lawsuit over xrp “will certainly be resolved in 2023.” He added that it could even be resolved in...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Bitcoin Suisse explains why Swiss is a crypto pivot point: Davos 2023

Bitcoin Suisse CEO emphasizes the importance of “Swiss quality” and “safe custody for the crypto industry.” Switzerland is a “pivot point” for crypto adoption in Europ...

Cryptocoins News / Blockchain  - 2 years ago

US authorities are pursuing Bitzlato's creator

Bitzlato creator Anatoly Legkodymov is arrested. The U.S. Department of Justice launched a "significant worldwide cryptocurrency enforcement action" against the corporation. "Primary money laundering issue" authorities confiscated its website. (Read...

Bitcoin News / Bitcoin.com - 2 years ago

Iran and Russia Consider Issuing Gold-Backed Stablecoin, Officials Unveil

Tehran and Moscow are discussing the possible launch of a stablecoin for international settlements, the Russian press revealed. In order to mint the gold-backed currency, however, authorities would need to first regulate crypto assets, a lawmaker not...

Bitcoin News / Bitcoinist - 2 years ago

XRP Investors File Class Action Lawsuit Against Coinbase: Here’s Why

Apart from the court battle between Ripple and the US Securities and Exchange Commission, the airdrop of the Flare Network Token (FLR) has caused quite a stir in the XRP community in recent weeks. After more than two years, XRP holders finally receiv...

Bitcoin News / Bitcoinist - 2 years ago

SEC Lawsuit Against Gemini Is Political, Says Tyler Winklevoss

The U.S. Securities and Exchange Commission (SEC) announced on Thursday, January 12 it had filed charges against Genesis Global Capital LLC and Gemini Trust Company LLC. The charges bordered on the illegal sale of unregistered securities to numerous...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Grayscale files brief in ETF suit against SEC, oral arguments may come within months

Grayscale appealed the SEC’s denial of its application to create a spot BTC ETF in June; the case “is moving swiftly,” according to the Grayscale chief legal officer....

Bitcoin News / Bitcoin.com - 2 years ago

SEC Charges Genesis and Gemini — Winklevoss Says Regulator’s Lawsuit Is ‘Super Lame’

The U.S. Securities and Exchange Commission (SEC) has charged crypto exchange Gemini and crypto lender Genesis Global Capital, a subsidiary of Digital Currency Group (DCG). “Through this unregistered offering, Genesis and Gemini raised billions...

Bitcoin News / Bitcoinist - 2 years ago

Grayscale: Decision In Bitcoin Spot ETF Lawsuit Vs. SEC Not Before Fall 2023

The fate of Genesis Trading, Digital Currency Group (DCG) and the Grayscale Bitcoin Trust (GBTC) continues to hang by a thread after Cameron Winklevoss took another step in the escalation over Gemini Earn customer funds with a new open letter on Tues...

Cryptocoins News / Blockchain  - 2 years ago

Missing lawsuit response date, Ooki DAO faces default judgment.

The CFTC is seeking a default judgment against Ooki DAO. DAO missed the lawsuit response deadline. The record of default will show that the DAO did not appear in court. The court issues a default judgment if the defendant fails to defend a case. (Rea...

Cryptocoins News / The Cointelegraph ​ - 2 years ago

Ooki DAO misses lawsuit response deadline, default judgment on the cards

The commodities regulator has begun the process of getting a court ruling on the Ooki DAO case after the latter failed to respond to the lawsuit by the deadline. The C...

Cryptocoins News / Blockchain  - 2 years ago

Silvergate Faces Another Securities Law Class-Action Suit

Silvergate Capital, owner of Silvergate Exchange Network and Silvergate Bank, was sued in a class action. The complaint says Silvergate's platform missed $425 million in money laundering. The action argues the class might comprise hundreds or thousan...