Legal Archives • Bitcoin Feed News

Cointelegraph / US SEC Imposes $250,000 Penalty, Requires Return of up to $13M for Unregistered ICO

December 18, 2019 / cointelegraph

The United States Securities and Exchange Commission (SEC) has reached a settlement with New York-based startup Blockchain of Things Inc. (BCOT) for conducting an unregistered initial coin offering (ICO). On…

Coindesk / Bitmain’s Miner Manufacturing Subsidiary Had $680k in Assets Frozen in a Contract Dispute

December 16, 2019 / coindesk

Yongjiang, which supplies electronic device components, asked the court on Sept. 25 to freeze 4.7 million yuan (around $676,000), in assets owned by the mining subsidiary to ensure it would…

Cointelegraph / Tim Draper Calls For Ross Ulbricht’s Release: ‘We Need Entrepreneurs Like That Guy!’

December 5, 2019 / cointelegraph

One of the most successful investors in the world is calling for the release of convicted criminal Ross Ulbricht. Following up on a September 21 tweet by Tim Draper that…

Coindesk / Court Backs Nordea Bank Bid to Block Staff From Trading Crypto

December 3, 2019 / coindesk

“We filed suit because of the principle that everyone obviously has a private life and the right to act as a private individual,” union chairman Kent Petersen said in a…

Coindesk / Tether to File Motion With NYAG to Dismiss Class Action Lawsuit

November 15, 2019 / coindesk

Tether has released a letter of intent saying that it plans to file a motion to dismiss the lawsuit that claims it manipulated the crypto market. The class action lawsuit…

Coindesk / OneCoin Founder’s Brother Faces 90-Year Jail Term After Plea Deal

November 14, 2019 / coindesk

The Department of Justice (DOJ) reached a plea deal with Konstantin Ignatov for his involvement in OneCoin Ltd., a cryptocurrency project based out of Bulgaria. Ignatov pleaded guilty to multiple…

Coindesk / Kik Suffers Setbacks With ‘Void for Vagueness’ Defense in SEC Case

November 13, 2019 / coindesk

Kik is struggling to mount a strong defense in a case brought by the U.S. Securities and Exchange Commission (SEC) over its $100 million initial coin offering. As reported last month,…

Coindesk / Telegram Refutes All SEC Allegations, Asks Court to Dismiss in New Filing

November 13, 2019 / coindesk

Messaging app firm Telegram has made a new plea to a U.S. court to drop an action brought by the Securities and Exchange Commission (SEC) alleging its yet-to-be launched token…

Coindesk / Tassat Is One Step Closer to Offering Crypto Derivatives With CFTC Approval

November 7, 2019 / coindesk

Tassat Derivatives has successfully acquired a swap execution facility (SEF) registration after securing regulator sign-off. The U.S. Commodity Futures Trading Commission (CFTC) announced Thursday that it had approved the transfer…

Coindesk / The SEC Has Rejected Every Bitcoin ETF. This Firm Thinks It Has a Solution

November 7, 2019 / coindesk

One company thinks it knows how to get a bitcoin exchange-traded fund (ETF) approved by U.S. regulators. Wilshire Phoenix, a relatively young financial firm in New York, filed to launch…

Coindesk / Zcash Trademark Talks Were About More Than a Logo

November 7, 2019 / coindesk

Electric Coin Company (ECC), the firm led by zcash creator Zooko Wilcox, officially shared the zcash trademark with the Zcash Foundation (ZF) on Wednesday. Sources with knowledge of the trademark…

Coindesk / ATM Coin Founders Ordered to Pay $4.25 Million for Fraud

November 5, 2019 / coindesk

In a U.S. Commodity Futures Trading Commission-led case, a court has fined another cryptocurrency investment scheme for fraud and misappropriating client funds. According to a CFTC news release from Friday,…

Coindesk / Investor Lawsuit Argues Ripple Still Has to Answer Over Ongoing XRP Sales

November 5, 2019 / coindesk

Ripple’s argument that an XRP holder waited too long to file suit has no precedent, a new legal filing claims. Bradley Sostack, the plaintiff in a putative class-action lawsuit, said Ripple’s…

Coindesk / What’s Next in the Securities Case Against Ripple Over XRP

November 4, 2019 / coindesk

The Takeaway: Monday is the deadline for an XRP holder to file a response to Ripple’s motion to dismiss his suit against the company. That motion largely sidestepped the plaintiff’s…

Coindesk / SEC, CFTC Charge XBT Corp. With Selling Unregistered Swaps for Bitcoin

October 31, 2019 / coindesk

U.S. regulators filed charges against XBT Corp. Thursday, alleging the company failed to register as a futures commission merchant (FCM). In simultaneous press releases, the Commodity Futures Trading Commission (CFTC)…

Coindesk / UK Banking Pilot Aims to Streamline Compliance Using Factom Blockchain

October 31, 2019 / coindesk

Crypto startup Knabu is piloting bank regulatory reporting with Factom, one of the earliest enterprise blockchain companies. Revealed exclusively to CoinDesk, the London-based firm is launching the 30-day pilot today.…

Coindesk / SEC Blasts Kik’s ‘Void for Vagueness’ Defense of 2017 ICO

October 29, 2019 / coindesk

The Securities and Exchange Commission (SEC) said Kik’s August defense of its $100 million initial coin offering (ICO) was “untenable” and is asking judges to toss it. A discovery motion filed…

Coindesk / AT&T Responds to Crypto Exec’s SIM Swap Suit: See You in Court

October 28, 2019 / coindesk

AT&T said it would fight allegations that it was negligent as a customer lost $1.7 million in a SIM swap. The allegations come from Seth Shapiro, VideoCoin’s head of strategy, who…

Coindesk / Inter-American Development Bank to Pilot Land Registries on Blockchain

October 28, 2019 / coindesk

After years of talking about it, the Inter-American Development Bank is for the first time testing out a blockchain for land registries. Next month, the global organization will embark on…

Coindesk / Another AT&T SIM Swapping Hack Targets Trio of Crypto Execs

October 26, 2019 / coindesk

A crypto executive is suing AT&T over a SIM swapping hack that he claims cost him $1.7 million in digital assets in a hit aimed at three executives attending Consensus…

Coindesk / Bitfinex Denies Laundering, Says It’s a Victim of ‘Fraud’ by Crypto Capital

October 25, 2019 / coindesk

Bitfinex says it was conned. The crypto exchange and sister company of Tether claimed Friday that it was the “victim of a fraud” at the hands of Crypto Capital, a…

Cointelegraph / Head of Crypto Capital Arrested in Connection With Money Laundering

October 25, 2019 / cointelegraph

Ivan Manuel Molina Lee, the president of controversial Panama-based payments processor Crypto Capital tied to Bitfinex and other major cryptocurrency exchanges, was arrested by Polish authorities. According to local news…

Coindesk / Zuckerberg: Facebook Would Quit Libra if the Association Launched Prematurely

October 23, 2019 / coindesk

WASHINGTON – Facebook CEO Mark Zuckerberg told lawmakers that the company would pull out of the Libra Association in the event the consortium launched its proposed cryptocurrency without all needed…

Coindesk / Former World Gold Council Exec Develops New Bitcoin ETF

October 23, 2019 / coindesk

The former managing director of the World Gold Council and the portfolio manager behind SPDR Gold Shares is developing a bitcoin exchange-traded fund (ETF) with boutique asset manager Kryptoin Investment…

Cointelegraph / Bitfinex Attempts to Recover $880 Million in New Court Filing

October 21, 2019 / cointelegraph

IFinex, the parent company of major cryptocurrency exchange Bitfinex filed a discovery application to regain access to $880 million in funds. Discovery is a law allowing each party to obtain…