Cryptocurrency Analysis and News Portal
Chase Bank has settled a class action lawsuit brought by defendants who claim the J.P. Morgan subsidiary overcharged credit card fees for crypto purchases. Meanwhile, a new report shows that a million “timelocked” bitcoin transactions are open to a hypothetical exploit, while CoinKite has unveiled a new way to recharge
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Cryptocurrency traders don’t seem to care that Goldman Sachs is such a bitcoin hater. At least, that’s the signal markets are sending. Bitcoin prices have surged since the Wall Street heavyweight’s money-management division declared in a presentation this week that the cryptocurrency is “not a suitable investment for our clients,” merely a beneficiary of
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Per a May 18 complaint, more investors are looking to recoup funds invested in the record-breaking initial coin offering for EOS — which netted a total of $4 billion in cryptocurrency. Lawyers for the plaintiffs are calling over $200 million of that money illegally raised. Conflict with U.S. securities law and
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Binance is one of several large cryptocurrency firms named in a series of recent class action lawsuits. If the lawsuits go south for this global company, it could end up costing them billions of dollars.Class action is looking for new membersRoche Cyrulnik Freedman has recently brought eleven class action
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Blockchain services and cryptocurrency mining hardware producer Canaan is facing a class-action lawsuit filed by investors following claims of dubious practices for attracting investments. Investor rights-focused law firm Rosen Law Firm has initiated the suit on behalf of Canaan securities purchasers in the company’s initial public offering (IPO). The law
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In a U.S. courthouse for the Southern District of New York, Judge Katherine Failla heard this afternoon from three plaintiff teams suing iFinex et. al. and vying to serve as lead counsel in the emerging class action with potentially tens of thousands of injured members.IFinex’s Tether (USDT) stablecoin firm
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In a varied career, Dan Schatt has been a Peace Corps volunteer in Romania, a Citibank banker in Senegal, a Celent analyst and a PayPal executive. He co-founded Cred, a decentralized lending and borrowing platform, with other PayPal technology veterans in 2018.Cred attracted some attention last year when it
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Coinbase has settled a class action lawsuit brought against it by users of the former Cryptsy cryptocurrency exchange.According to a set of court documents dated Nov. 27 and Dec. 10, 2019, Coinbase has agreed to turn $962,500 over to an escrow agent responsible for handling class action claims related to
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Famous gold bug Peter Schiff made another anti-Bitcoin (BTC) claim, pointing out that it’s the only asset class that is not rallying by the end of 2019.As United States stocks recently hit new all-time high, Schiff has provided his sarcastic remark that Bitcoin’s price doesn’t correlate with performance of
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Of course, 2019 didn’t start out that way. Back in February, the top 10 crypto began a fairly dismal run, resting well below all other traditional asset classes when viewing their return on investment figures. However, sentiment began to pick up significantly in March and by mid-year, cryptocurrencies were far
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