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China’s hardline policy on crypto took another turn on Thursday as the country’s Supreme Court revised its judicial interpretation for illegal fundraising to include digital currency transactions.The Chinese Supreme Court issued a revised version of its “Decision on Amending the Interpretation of the Supreme People’s Court on Several Issues Concerning
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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
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A district court in Beijing has rejected monetary compensation in a Bitcoin (BTC) mining contract plea against a blockchain company.The Chaoyang District People’s Court on Wednesday deemed the Bitcoin mining contract between the plaintiff and the blockchain firm “invalid,” the South China Morning Post reported on Dec. 16. The plaintiff
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This finding of theft and deceit by Wright is not incidental or a footnote – it, not the identity of Satoshi Nakamoto, was part of the actual substance of the case. Dave Kleiman was a seriously disabled man who appears to have struggled greatly in his final years (in fact,
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