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Custodia's challenge of the Federal Reserve Bank of Kansas City's decision to deny the crypto-friendly bank access to the Fed banking services can continue, a U.S. district court ruled Thursday, rejecting a Fed motion to dismiss the case. The U.S. District Court of Wyoming, however, did reject Custodia's request that
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The case brought by investors against Kardashian, retired boxer Floyd Mayweather Jr. and National Basketball Association Hall of Famer Paul Pierce among others, made headlines last year. The celebrities were accused of misleading investors through the promotion of digital assets tied to EMAX tokens, which are built on top of
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“The plan and confirmation order contemplate certain transactions and other steps, including making certain distributions to Debtors’ account holders… the parties agree that these transactions may go forward while this appeal is litigated and resolved,” said the document, which is signed by a U.S. Attorney and U.S. Trustee – a
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Twitter's shares surged 13% on the news and were halted on Tuesday morning at $47.96. They briefly resumed trading at the end of the day and finished trading up 22% to $52.05. Also on the move was Musk's favored meme coin, dogecoin (DOGE), which rose 7.5% to about $0.0645. Source
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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
Read MoreThe beneficiary of the Ocean Front NFT sale will be The Open Earth Foundation.Graphic designer and Non-Fungible Token (NFT) artist Mike Winkelmann also known as Beeple has sold yet another artwork for $6million. The work that was as an NFT is dubbed “Ocean Front” and aims to speak to the
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by Jay Hao “Let's all get rich!” What a provocative sentence. Yet that short video on TikTok managed to double the price of Dogecoin
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Judge Valerie Caproni lifted the stay on a class-action lawsuit brought against the notorious crypto Ponzi scheme OneCoin 12 months ago.An order signed by the New York District judge mandates that all parties must submit a proposed schedule for the defendants to respond to the complaint before May 9. The
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A lawsuit claiming Ripple violated securities laws will be allowed to move forward – though with a caveat favorable to the San Francisco-based payments firm.In a ruling Wednesday, U.S. District Judge Phyllis Hamilton, of the Northern District of California, allowed a putative class-action lawsuit by retail XRP buyers to proceed.
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The New York Federal Court denied the motion to dismiss the ruling in the trademark infringement action by cryptocurrency wallet and exchange operator Blockchain.com against fintech startup Paymium and its CEO Pierre Noizat over the use of domain “blockchain.io”.According to the court documents published on Aug. 7, the lawsuit,
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