Cryptocurrency Analysis and News Portal
In March 2018, shortly after bitcoin’s bull run to $20,000, a publicly-traded Chinese company invested 500 million yuan, worth $80 million at the time, to buy 100,000 bitcoin mining units. As the bear market kicked in during the months that followed, so, too, did a contract dispute, offering a rare window
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Kraken, the U.S.-based cryptocurrency exchange, is being sued by an ex-employee who alleges the company unfairly fired him for raising serious issues with its business practices.The case – filed Nov. 26 in California– has been brought by Nathan Runyon, a military veteran with disabilities, and, while he seeks damages related
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One of the most prominent cryptocurrency exchanges, BitMEX, is being sued for $300 million after it allegedly did not meet its equity and stiffed an investor.According to the lawsuit filed against the crypto company by Frank Amato and RGB Coin Ltd., who were one of the first seed investors of
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At a hearing over Nvidia's motion to dismiss in Oakland, California, the firm said Friday that shareholders had "cherry-picked" some company statements in an attempt to show that it had not been transparent over how much of its sales were due to miners, while ignoring others. Source
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Ripple has filed a motion to dismiss a class-action lawsuit alleging that it held an unregistered securities sale of its XRP tokens.In court documents filed on Dec. 4, Ripple argues that the plaintiffs’ case is contradictory and “self-defeating.” Alongside a reiteration of previous arguments, the company now also claims
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Even if XRP were a security, the investors suing Ripple brought their case far too late for it to proceed, the company said in a new filing. Source
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On today’s episode, we’re talking bitcoin's bearish juncture, tokenization troubles, and new allegations filed against stablecoin Tether Source
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The embattled crypto exchange Bitfinex replied to a class action lawsuit made against the company and its sister company Tether in a post on the company website, published on 24th November.The post briefly details the class action complaint filed on the 22nd November, issued in the U.S District Court for
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Crypto exchange Bitfinex and its sister firm, stablecoin issuer Tether, have again been accused of working to manipulate the bitcoin markets. Bitfinex has called the suit "mercenary and baseless,." Source
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Tether-affiliated crypto exchange Bitfinex is battling a new class action complaint, deemed by the firm to be both “mercenary and baseless.”In an announcement published on Nov. 24, the exchange revealed the lawsuit was filed against both companies in the United States District Court for the Western District of Washington
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