Cryptocurrency Analysis and News Portal
On Apr. 24 the Southern district court of New York held the first jury hearing on the case against former OpenSea product manager Nathaniel Chastain, who’s being accused of insider trading with nonfungible tokens (NFTs).The allegations were filed by the U.S. Manhattan Attorney's Office on May 31, 2022. Chastain is
Read More
The crypto trader stopped receiving investments in June amid crypto market turmoil, and filed for liquidation last month. Damian Carerras, its owner and director, who is from Gibraltar, told the FT the company it had tried to recover funds, but had been the victim of cyber crime and theft. Source
Read More
The ruling, though it was a huge win for Apple, had minimal effects on AAPL shares. After more than two years of litigation, the United States Ninth Circuit Court of Appeals affirmed a lower-court judge’s 2021 decision that largely rejected claims by Epic Games – the maker of Fortnite – that
Read More
Coinbase filed a narrow action in a United States federal court that seeks to compel the Securities and Exchange Commission (SEC) to provide a "yes or no" response to a July 2022 petition.The petition requested the SEC propose and adopt clearer regulatory guidelines for the cryptocurrency industry in the U.S. In
Read More
The filing is a preemptive move by the crypto exchange to argue that the SEC's approach doesn't provide sufficient regulatory guidance for U.S. crypto firms. Source
Read More
Amidst the allegations against Do Kwon, the co-founder of Terraform Labs, a recent report by the Korean Sunday News has revealed that the Seoul Southern District Court has ruled in favor of LUNA, now renamed LUNC, by stating that it is not a financial investment product. Despite the recent enforcement
Read More
A South Korean district court has dismissed charges of security violations against former Terraform Labs CEO and co-founder Hyun-seong Shin. The court deemed LUNA (LUNA) (the native token of the LUNA ecosystem) as non-security under Korea’s Capital Markets Act.The southern district court in Seoul dismissed the prosecution's appeal for confiscating
Read More
A Russian crypto entrepreneur, charged with laundering money from ransomware attacks, has been sentenced to probation and fined in the U.S. after pleading guilty. Founder of two coin trading platforms, Denis Dubnikov, was arrested in the Netherlands and extradited to the U.S. last year. Oregon Court Sentences Russian for Processing Ryuk
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The United States District Court for the Northern District of California has sided with Yuga Labs, the creator of Bored Ape Yacht Collection (BAYC), in their case against Ryder Ripps and Jeremy Cahen. Yuga Labs wins case against Ryder
Read More
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Following Ben “BitBoy” Armstrong’s refusal to attend a court hearing over his promotion of FTX, a defunct cryptocurrency exchange, a referral was made to the United States Federal Bureau of Investigation (FBI). Moskowitz counseled the plaintiffs who
Read More