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Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration

Binance, the leading players in the cryptocurrency trading industry, has been hit with a class-action lawsuit in Canada. The Ontario Superior Court of Justice has given the green light to the lawsuit, which alleges that Binance violated securities laws by selling crypto derivative products to retail investors without proper registration [1]. The plaintiffs, represented by … Continue reading Binance Faces Lawsuit in Canada for Selling Crypto Derivative Products Without Registration

Bitfinex and Tether Face Market Manipulation Class Action Lawsuit

Roche Freedman, New York-based legal firm, filed a class-action lawsuit on behalf of those who own cryptocurrency against Bitfinex and Tether and others for crypto market manipulation and creating the largest bubble in history.   In the class-action suit, the New York-based legal firm alleged that Bitfinex and Tether had been involved in manipulating markets and concealing illicit proceeds, as stated in … Continue reading Bitfinex and Tether Face Market Manipulation Class Action Lawsuit

FinCEN Director Warns Crypto Firms Are Not Above Anti-Money Laundering Laws

Speaking at the University of Georgetown, Kenneth Blanco, FinCEN (The United States Financial Crimes Enforcement Network) Director, blasted crypto firms by warning them that they are not exempted from the anti-money laundering laws. This was first reported by AmericanBanker on 21 October 2019. According to the news, Blanco is adamant that fintech firms that offer … Continue reading FinCEN Director Warns Crypto Firms Are Not Above Anti-Money Laundering Laws

Crypto-Candidate Andrew Yang Officially Withdraws, Blockchain Loses Ally

Democrat Andrew Yang has officially withdrawn from the presidential race, suspending his bid following a poor turnout of support in the New Hampshire Primary. Yang is a tech entrepreneur who created a buzz for his campaign by promoting a “universal basic income”, which would issue $1000 USD per month to every American adult citizen. Blockchain Loses … Continue reading Crypto-Candidate Andrew Yang Officially Withdraws, Blockchain Loses Ally

TON Developers Threaten to Go Rogue and Launch Network as Telegram Battles SEC Lawsuit

While the US Securities and Exchange Commission (SEC) may have temporarily succeeded in stopping the launch of Telegram’s TON network, can they really stop open-source technology? On March 24, the SEC won an important decision in their court case against Telegram over the legal status of the latter’s $1.7 billion Gram token offering in 2018. The SEC has maintained throughout that … Continue reading TON Developers Threaten to Go Rogue and Launch Network as Telegram Battles SEC Lawsuit

What are the New Amendments in Japan’s Crypto Laws to be Enforced Next Month?

Japan will be enforcing new cryptocurrency-related regulations in May, as two of the pieces of legislation were passed by the Japanese House of Representatives last year. The Payment Services Act (PSA) and the Financial Instruments and Exchange Act (FIEA) were originally scheduled to come into effect in April, however, there has been a delay and … Continue reading What are the New Amendments in Japan’s Crypto Laws to be Enforced Next Month?

Has Judgement Finally Come for 2017 ICOs? Class Action Lawsuits Name Binance, BitMEX and Block.One Among Host of Crypto Defendants

11 class action lawsuits have been filed against 42 defendants for violating securities law by Roche Freedman LLP. Among the companies named were some of the crypto industry’s most prominent players including Binance, Block.One and Bitmex. According to OffShoreAlert, the class action law suits were filed in the Southern District of New York Court on April … Continue reading Has Judgement Finally Come for 2017 ICOs? Class Action Lawsuits Name Binance, BitMEX and Block.One Among Host of Crypto Defendants

Ripple Files Lawsuit Against YouTube Over Cryptocurrency Investment Scam

Cryptocurrency company Ripple filed a complaint lawsuit against Google’s YouTube at a US district court in Northern California. The crypto firm accused YouTube of failing to protect consumers from crypto “giveaway” scams, which use fake social media profiles to deceive victims into sending money.   YouTube Could Face Punitive Damages Ripple runs an exchange network for … Continue reading Ripple Files Lawsuit Against YouTube Over Cryptocurrency Investment Scam

JP Morgan Chase to Pay $2.5 Million to Settle Class Action Lawsuit Over Wrongfully Incurred Crypto Charges

JPMorgan Chase has settled a lawsuit over unannounced changes made to the fee structure applied to crypto transactions using its credit cards in 2018.  The American bank agreed to pay $2.5 million to settle a class-action lawsuit regarding its decision made in 2018 to treat cryptocurrency purchases with Chase credit cards as cash advances, ensuing … Continue reading JP Morgan Chase to Pay $2.5 Million to Settle Class Action Lawsuit Over Wrongfully Incurred Crypto Charges

Google Privacy Lawsuit: Google Chrome Incognito Records and Shares Private User Data

Google is being sued in a class-action lawsuit filed on June 2 for the invasion of privacy and sharing users’ data, even when they browse in ‘private mode’.  Google, the internet search giant has been accused of illegally invading the privacy of millions of users by pervasively tracking their internet use through browsers even those … Continue reading Google Privacy Lawsuit: Google Chrome Incognito Records and Shares Private User Data

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