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The 11th Circuit Court of Appeals has ruled that victims of the Bitconnect Ponzi scheme can proceed with a class action suit by reversing a previous ruling that prohibited such a case.Bitconnect is the endlessly memed ICO from 2017 that collapsed in January, 2018. Appellate courts are superior courts that
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The suit also directs several financial institutions, platforms and exchanges to freeze any transactions related to the identified addresses' wallets. The financial institutions include TD Canada Trust and ATB Financial, and the fundraising platforms and websites include GoFundMe and GiveSendGo. Digital assets platforms and exchanges listed were Bull Bitcoin, TallyCoin,
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A U.K. High Court judge ruled that Nejc Kodrič must sell his remaining 9.8% stake to the crypto exchange's new owners, as agreed at the time of the 2018 sale. Original Source
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The DAO, which is looking to help the whistleblower, has now raised more ether than ConstitutionDAO. Original Source
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Popular sneaker maker Nike has started the "licensed NFT" wars by taking an online reseller called StockX to court for trademark infringement or sale of unlicensed nonfungible token (NFT) sneakers.According to a Reuters report, Nike has filed a lawsuit against the reseller in the New York Federal court demanding an
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Hemp grower Apothio has raised $330,000 for a lawsuit against Kern County, California via what’s known as an Initial Litigation Offer on the Republic investment platform. Investments are accepted in USD, but proof of investment is issued as digital tokens on the Avalanche (AVAX) blockchain network. It's the first Initial Litigation
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Chiefly, CoinDesk argued in court papers that disclosing what, specifically, is backing the USDT stablecoin issued by Tether is in the public interest, and therefore should not qualify as a trade secret. Tether itself claimed it had proactively made the decision to publicize its reserve breakdown when announcing its settlement
Read MoreU.S. District Judge Alvin Kellerstein has sided with the U.S. Securities and Exchange Commission (SEC), ruling that the Canadian technology firm Kik’s $100 million initial coin offering (ICO) violated federal securities laws.On September 30, Judge Kellerstein responded to both parties’ requests for summary judgment, determining that Kik’s 2017 token sale
Read MoreAnyone transferring personal data internationally will have been watching the recent judgment of the CJEU with some trepidation. International data transfers, that
Read MoreAn ICO spokesperson said: “The ICO is considering the judgment from the European Court of Justice in the Schrems II case and its
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