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Telegram has been ordered by a judge to hand over financials concerning its $1.7 billion initial coin offering (ICO). District Judge P. Kevin Castel of the New York Southern District Court ordered Telegram to respond by the end of day Friday following a request Thursday by the U.S. Securities and Exchange
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"It has been demonstrated to this Court that justice cannot be done amongst the parties to the Action without the testimony of Mr. Hyman... This Court requests the assistance of an appropriate English judicial officer to compel the appearance of Mr. Hyman to give oral sworn testimony and to produce
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Two more governments have taken action against entities in the Karatbars ecosystem over sales of a purportedly gold-backed cryptocurrency. Source
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The German Federal Financial Supervisory Authority (BaFin) has issued a cease and desist order to Karatbit Foundation to immediately stop unauthorized business in Germany. BaFin alleges that Karatbit Foundation is issuing the KaratGoldCoin (KBC) without the necessary license, according to a Nov. 11 announcement.Karatbit describes itself as a provider of
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A Dutch court has ruled that Facebook must remove Bitcoin (BTC)-related fraudulent investment ads following local billionaire and television producer John de Mol’s lawsuit against the company, Reuters reported on Nov. 11.De Mol initiated judicial proceedings against the social media giant in June 2019, claiming that Facebook failed to
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Starting the month of November with a big bang! The US Commodity Futures Trading Commission (CFTC) has once again strengthened its trust with the general public as it busts four entities as well as two key players in a fraudulent binary options scheme that incorporated a shady cryptocurrency.The case, which
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Non-custodial decentralized exchange (DEX) Dolomite announced that on Nov. 4 it will add a margin trading with stop-loss orders.The company explained in a press release shared with CryptoX that — while its current exchange is based on the Loopring protocol — its margin trading feature will be built on
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The CEO of Delaware-registered blockchain firm Veritaseum LLC and New York-registered Veritaseum Inc., Reggie Middleton, was ordered to pay $8.4 million in disgorgement, according to a new court order. Additionally, Middleton is liable for a civil penalty of $1 million, fintech publication FinanceFeeds reported on Nov. 1, citing a
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A United States court has ordered Christopher Bania, who recently pleaded guilty to drug distribution, to give up almost 17 Bitcoin (BTC) — worth roughly $150,000 at press time.The plea, order and sentencingPer the Oct. 19 order from a court in Wisconsin, Bania will need to forfeit “Approximately 16.91880054
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The United States Securities and Exchange Commission (SEC) has announced that Telegram and the forthcoming GRM token constitute an unregistered digital token offering.Per an Oct. 11 press release, the SEC has filed an emergency action and restraining order against Telegram and the Telegram Open Network (TON) in a complaint
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