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Ripple has already faced a similar case filed against it by the SEC, which alleges that the XRP token is a security and not a crypto asset.Ripple Labs is facing another imminent lawsuit as the crypto firm has been sued by Tyler Toomey, an XRP investor based in Florida.According to
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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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A Florida crypto trader has been charged with duping $6.8 million from investors in his purported digital asset day trading shop.The case is a reminder that investors in cryptocurrency should watch out for promises too good to be true. Crypto, just like all asset classes, has its share of charlatans
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Florida's financial regulators granted Binance.US a money transmitters license in July. Source
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Binance.US, the United States branch of major crypto exchange Binance, just announced it would be making its services available to Florida residents.According to an Aug. 24 update on the Binance.US website, the digital asset marketplace will now be allowing Floridians to buy, trade, and earn digital assets. As of this
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David Hines from Florida has been arrested for allegedly securing $3.9 million in PPP which he used for purchasing a $318,000 Lamborghini Huracan.A man from Florida David Hines has been arrested and charged as he allegedly lied to get $3.9 million COVID-19 relief funds in a PPP check which he
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The United States Commodity Futures Trade Commission (CFTC) has filed a complaint against Florida resident Alan Friedland for fraudulently raising $1.6 million through a cryptocurrency tied to a forex trading scheme.The April 16 filing accuses Friedland and his companies Fintech Investment Group, Inc and Compcoin LLC of illegally soliciting
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The Takeaway Florida regulators are investigating Karatbars, a German company that’s been promoting a token tied to a Miami “crypto bank” without any banking license in the state. Karatbars previously issued a cryptocurrency purportedly backed by gold, but CoinDesk has
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