ATM Coin Founders Ordered to Pay $4.25 Million for Fraud
In a U.S. Commodity Futures Trading Commission-led case, a U.S. court has fined another cryptocurrency investment scheme for fraud and misappropriated client funds. According to...
Category : Legal
Investor Lawsuit Argues Ripple Still Has to Answer Over Ongoing XRP Sales
Ripple’s argument that an XRP holder waited too long to file suit has no precedent, a new legal filing claims. Bradley Sostack, the plaintiff in...
What’s Next in the Securities Case Against Ripple Over XRP
The Takeaway: Monday is the deadline for an XRP holder to file a response to Ripple’s motion to dismiss his suit against the company. That...
SEC, CFTC Charge XBT Corp. With Selling Unregistered Swaps for Bitcoin
U.S. regulators filed charges against XBT Corp. Thursday, alleging the company failed to register as a futures commission merchant (FCM). In simultaneous press releases, the...
UK Banking Pilot Aims to Streamline Compliance Using Factom Blockchain
Crypto startup Knabu is piloting bank regulatory reporting with Factom, one of the earliest enterprise blockchain companies. Revealed exclusively to CoinDesk, the London-based firm is...
SEC Blasts Kik’s ‘Void for Vagueness’ Defense of 2017 ICO
The Securities and Exchange Commission (SEC) said Kik’s August defense of its $100 million initial coin offering (ICO) was “untenable” and is asking judges to toss...
AT&T Responds to Crypto Exec’s SIM Swap Suit: See You in Court
AT&T said it would fight allegations that it was negligent as a customer lost $1.7 million in a SIM swap. The allegations come from Seth Shapiro,...
Inter-American Development Bank to Pilot Land Registries on Blockchain
After years of talking about it, the Inter-American Development Bank is for the first time testing out a blockchain for land registries. Next month, the...
Another AT&T SIM Swapping Hack Targets Trio of Crypto Execs
A crypto executive is suing AT&T over a SIM swapping hack that he claims cost him $1.7 million in digital assets in a hit aimed...
Bitfinex Denies Laundering, Says It’s a Victim of ‘Fraud’ by Crypto Capital
Bitfinex says it was conned. The crypto exchange and sister company of Tether claimed Friday that it was the “victim of a fraud” at the...