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” North Korea-obsessed Ethereum dev gets 5 years for breaking sanctions “ Virgil Griffith, a former Ethereum (ETH) developer has been sentenced to 63 months in prison and will pay a fine of $100,000 for attending a conference and assisting North Korea use blockchain technology in contravention of economic sanctions imposed by the United States….
” NY State Supreme Court dismisses petition against crypto mining company “ In an important precedent, a Supreme Court judge in New York state’s Yates County ruled in favor of cryptocurrency mining firm Greenidge Generation, dismissing a petition filed by a coalition of environmental activists. According to an Apr. 7 press release by Greenidge, judge…
” Binance wins dismissal of class action over 2018 tokens that tanked “ A federal judge has dismissed a class action complaint asserting Binance violated U.S. securities laws by not registering as a broker-dealer or exchange, and sold crypto tokens which were not registered with the U.S. Securities and Exchange Commission (SEC). The original complaint…
“Google hid emails in antitrust case through ‘false’ claims: DOJ” Top Google executives including CEO Sundar Pichai used phony claims of “attorney-client privilege” to hide thousands of emails from federal scrutiny and other possible legal proceedings, according to the Justice Department. Executives including Pichai participated in the search giant’s internal practice, which was called “Communicate…
” Class action suit against Coinbase alleges unregulated securities sales “ Three individuals who bought cryptocurrency through Coinbase filed a proposed class action March 11 in the Southern District Court of New York alleging that Coinbase is operating as an unregistered securities exchange. The lawsuit lists 79 tokens that it claims are securities Coinbase is…
” Motions denied for both SEC and Ripple as battle continues “ Southern New York District Court Judge Analisa Torres issued two rulings Friday on motions filed in the Security and Exchange Commission (SEC) lawsuit against Ripple Labs. Ripple argued that it was not given fair notice by the agency that it would consider the…
“Verdict on Ketanji: ‘Supreme’-ly heartless” While running for the Presidency in 2020 Joe Biden promised to appoint the first black, female Supreme Court justice. In January when a place opened up on the court, he repeated that pledge. To only murmurs of concern. Is this really how things have to work in America? Last week…
“# Appellate court decision allows Bitconnect class action to proceed ” 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,…
“# SEC v. Ripple: Here’s how two 2012 memos can turn the tide in the milestone crypto case ” Ripple’s court battle with the United States Securities and Exchange Commission has recently seen new developments that, according to some observers, could foreshadow an impending resolution of this massively consequential case. Feb. 17 marks the deadline…
“# Aussie billionaire sues Facebook over crypto scams with AG’s consent ” 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…