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After years of legal action from United States governing bodies, Blockvest, a 2018 initial coin offering, or ICO, has received its final orders. “The SEC, as a government agency, seeks a permanent injunction, disgorgement of funds received from Defendants’ illegal conduct, and civil penalties,” said a court document filed on Thursday.
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Wright and Kleiman have been involved in a legal battle for years over 1.1 million Bitcoins supposedly gained after they participated in the creation of the asset.As Bitcoin gains momentum for a new major anticipated bull wave, the embattled billion-dollar lawsuit between Craig Wright and the Kleiman family has taken
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The SEC revealed that it brought 56 cases related to blockchain projects, cryptocurrencies and digital assets since July 2017.The current serving Chairman of the Securities and Exchange Commission (SEC) Jay Clayton is set to conclude his tenure by the end of the year. According to The New York Times, Jay
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The U.S. District Court of Colorado entered a judgment on behalf of the Commodity Futures and Exchange Commission (CFTC) against a Ponzi scammer on claims he and his company raised half a million dollars for cryptocurrency investments, which instead went to personal uses, the CFTC announced Wednesday. Source
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In the ruling, Judge Hamilton agreed that the lead plaintiff Bradley Sostack had failed to support two claims relating to a series of allegedly fraudulent statements made by Ripple and Garlinghouse in 2017.Blockchain payment company Ripple Labs Inc has won the part of the fraud lawsuit filed against it in
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
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After closing yesterday trading at $268.09, approximately 2.06% down, Facebook (FB) stock has dropped over 5% since the beginning of the week. The company has gone to the Ireland High Court to appeal a move to curb EU-US data transfer.Facebook Inc (NASDAQ: FB) stock continues experiencing a strong downward pull
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A court in China has denied an appeal by bitcoin mining giant Bitmain seeking $30 million in damages from the three co-founders of Poolin, one of the world’s largest cryptocurrency mining pools. The Beijing No. 1 Intermediate People’s Court issued a ruling on the appeal on Aug. 31 and made it
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Blockchain voting startup Voatz argued that bug bounty programs concerning cybersecurity should be operated under strict supervision in a “friend of the court” brief before the Supreme Court of the United States (SCOTUS). Voatz weighed in Thursday on Van Buren v. United States, a Supreme Court case examining whether it is
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A U.S. lawsuit that alleged the Tezos ICO was an unregistered securities sale has been settled for $25 million. Source
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