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The United States Commodity Futures Trading Commission (CFTC) filed suit against Gemini Trust Co. in the U.S. Southern District Court of New York on Thursday. The CFTC claimed in the civil suit that Gemini made false or misleading statements to the CFTC in 2017 during in-person meetings and in documents,
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While the IRS has failed to act on staking rewards, the world has continued to move to blockchain and blockchain has started to shift to proof-of-stake. Staking is already a multibillion-dollar industry and America is home to some of the largest and fastest-growing players in the staking ecosystem. Staking is
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Nike has filed a lawsuit against an online reseller using unauthorized Nike shoe images in non-fungible tokens (NFTs). “Those unsanctioned products are likely to confuse consumers, create a false association between those products and Nike, and dilute Nike’s famous trademarks,” Nike alleges. Nike Sues Online Retailer Over NFT Sales Sneaker giant Nike
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Australian billionaire Andrew “Twiggy” Forrest is taking Facebook to court over scammy cryptocurrency ads that he alleges used his name to defraud victims.The Fortescue Metals chairman is accusing Facebook of breaching Australia’s money-laundering laws, claiming that it “knowingly profits from this cycle of illegal ads” that it failed to remove.
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Fan token site Socios sued the Argentine Football Association (AFA) for unilaterally terminating a sponsorship contract with it and signing a similar one with crypto exchange Binance.Socios filed a complaint before an Argentinian national commercial court led by judge María José Gigy Traynor, who issued a prohibitory injunction ordering AFA
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In the suit, ConsenSys said that it allowed Gupta to resign instead of firing her and "offered to allow Gupta to keep the compensation paid and accrued during her short tenure," but that Gupta had rejected the offer – instead demanding that ConsenSys "pay her millions of dollars" to buy
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ResearchHub, a scientific research site founded and self-funded by Coinbase CEO Brian Armstrong, is allegedly based on work stolen from its not-launched competitor, a new court filing suggests.Blockchain accelerator MouseBelt Labs filed on Friday a complaint with the Superior Court of the State of California, alleging that Armstrong’s ResearchHub has
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BusinessThe Jack Dorsey-run payments giant is infringing on the accounting firm’s family of trademarks, H&R Block claims. By Tanzeel AkhtarDec 16, 2021 at 5:55 p.m. UTCUpdated Dec 16, 2021 at 7:34 p.m. UTCH&R Block storefront (Cindy Ord/Getty Images) Original Source
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A Russian power utility has found a way to increase electricity prices for consumers mining cryptocurrency using household electricity. The regional distribution company has taken dozens of amateur miners to court and has already won some of the cases. Power Utility Goes After Crypto Miners Using Subsidized Electricity to Mint
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The botnet weaponized bitcoin’s blockchain, according to Chainalysis, which said it helped Google’s investigation. By embedding command-and-control server addresses in the blockchain, and then having the botnet turn to that data whenever an infected server was shuttered, it stays a step ahead of the cybersecurity whack-a-mole. Source
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