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Crypto Chip Company Katena Wins Lawsuit Filed by Bitcoin Miner Coinmint
27.3.2024
Crypto technology firm Katena Computing didn't trick miner Coinmint into a $150 million purchase agreement, a panel of arbitrators ruled last month in the mining company's suit against Katena and a semiconductor company called DX Corr
Pennsylvania State, Crypto Miner Sued for Polluting Environment
27.3.2024
Pennsylvania environmental NGO – Save Carbon County – filed a lawsuit in a state court, accusing Stronghold Digital Mining for environmental contamination through Bitcoin mining.
The post Pennsylvania State, Crypto Miner Sued for Polluting Environment appeared first on Cryptonews
DeFi Education Fund, Apparel Firm Sue SEC Over Unwritten Airdrop Securities Rule
26.3.2024
Crypto advocacy group DeFi Education Fund and Texas-based apparel firm Beba sued the SEC on Monday, aiming to establish that airdrops should not be classified as securities.
The post DeFi Education Fund, Apparel Firm Sue SEC Over Unwritten Airdrop Securities Rule appeared first on Cryptonews
British Man Who Lost 7,500 BTC Sues for Right to Search Council Landfill
26.3.2024
A British computer expert, who inadvertently misplaced a hard drive containing 7,500 bitcoins, has initiated a legal action to compel the Newport City Council to permit him to search through the landfill where the storage device is believed to be buried. Anticipating a further increase in the value...
Ripple CEO Expects SEC to Lose Against Ethereum, Mirroring XRP Lawsuit Outcome
23.3.2024
Ripple’s chief executive believes the U.S. Securities and Exchange Commission (SEC) will be unsuccessful in classifying ether as a security, similar to how the agency lost its legal battle, for the most part, against XRP. Noting that the SEC has been “losing badly in courts”...
US DOJ Files Lawsuit Against Apple Over Unfair Rules Targeting Crypto Apps
22.3.2024
The Justice Department and 16 state and district attorneys general have filed a civil antitrust lawsuit against Apple, accusing the tech giant of monopolizing or attempting to monopolize smartphone markets.
The post US DOJ Files Lawsuit Against Apple Over Unfair Rules Targeting Crypto Apps appeared...
San Diego Federal Court Denies Silvergate’s Dismissal Motion in FTX Fraud Case
22.3.2024
The San Diego federal court has ruled that Silvergate Bank must face a class-action lawsuit filed by FTX users which alleges that the bank aided the exchange and Alameda Research in fraudulent activities.
The post San Diego Federal Court Denies Silvergate’s Dismissal Motion in FTX Fraud Case...
DOJ and US States Take on Apple in Major Antitrust Suit Over App Store Monopoly
22.3.2024
The United States Department of Justice (DOJ), joined by 16 state attorney generals, filed an antitrust lawsuit against tech giant Apple, claiming its app store rules create a monopoly that hampers competition and stifles innovation. The lawsuit argues that practices such as forcing developers...
MetaBirkins NFT Creator Barred from Museum Display After Hermès Lawsuit
21.3.2024
Mason Rothschild, the artist behind the controversial MetaBirkins NFT project, has been banned from showcasing the pieces at a museum exhibition in Stockholm, a New York Judge ruled on March 13. The ruling follows a contentious legal battle between Rothschild and Hermès over its iconic Birkin...
Apple Co-founder Steve Wozniak Victorious in Court Battle Against YouTube Over Bitcoin Scam Videos
20.3.2024
Apple co-founder Steve Wozniak won his lawsuit against social media giant YouTube for the unintended use of his image in videos promoting a Bitcoin scam.
The post Apple Co-founder Steve Wozniak Victorious in Court Battle Against YouTube Over Bitcoin Scam Videos appeared first on Cryptonews
Nonprofit Focused On “Corporate Wrongdoing” Empower Oversight Launches Lawsuit Against SEC Amidst Reports of Conflicts of Interests
19.3.2024
Empower Oversight filed a lawsuit against the United States Securities and Exchange Commission (SEC) on Friday, claiming the federal agency failed to comply with their Freedom of Information Act (FOIA) request regarding cryptocurrency conflict of interests at the agency.
The post Nonprofit Focused...
XRP’s resilience test: Lawsuit, whales, and can it adapt?
15.3.2024
XRP has been down by 6.87% in the last 24 hours and is listed at $0.6371. This comes after it reportedly closed the market on Thursday at $0.6687, marking a decline of 2.97%. XRP is navigating a couple of challenges. It could be a while before it retraces to an upward trajectory on the chart....
Federal Judge Allows SEC Lawsuit Against Gemini and Genesis to Proceed
14.3.2024
A federal judge has ruled that the US Securities and Exchange Commission's lawsuit against crypto firms Gemini and Genesis will proceed in court.
The post Federal Judge Allows SEC Lawsuit Against Gemini and Genesis to Proceed appeared first on Cryptonews
Australian Court Dismisses Lawsuit by Market Regulator Against Finder in 'Landmark' Ruling for Crypto Industry
14.3.2024
An Australian Federal Court handed the Australian cryptocurrency industry a major victory in a landmark judgement on Thursday
New York Judge Determines SEC’s Case Against Gemini and Genesis Is Plausible for Alleged Securities Law Violations
14.3.2024
A New York federal judge has ruled that the Securities and Exchange Commission (SEC) has “plausibly alleged” that Gemini and Genesis violated securities laws through the Gemini Earn program. Judge Edgardo Ramos Highlights Hurdles in Dismissing Injunction Claims Early; Cites Howey...
How an Appeals Court Ruled on an Aspiring Class-Action Lawsuit Against Binance
13.3.2024
A federal appeals court ruled last week that Binance needs to face a putative class-action lawsuit from a group of U.S.-based crypto investors who allege the exchange allowed them to buy and trade unregistered securities in the form of certain cryptocurrencies. The ruling doesn't make...
Coinbase Files Legal Challenge Against SEC for Crypto Regulation Clarity
12.3.2024
In a significant legal confrontation, Coinbase has filed a challenge against the U.S. Securities and Exchange Commission (SEC) in the Third Circuit, contesting the SEC’s refusal to establish clear rulemaking for digital assets. San Francisco Crypto Exchange Coinbase Initiates Legal Action Against...
Tether CTO Aims Dig At DCG For Doubting USDT’s Resilience
12.3.2024
As the crypto industry faced turmoil, Digital Currency Group (DCG) attempted to short Tether (USDT) amidst stability concerns. Tether's CTO, Paolo Ardoino, calls out the move as DCG now faces a lawsuit. The incident highlights the stark contrast between Tether's resilience and DCG's struggles.
The...
Elon Musk to Open-Source AI Chatbot Grok Amid Ongoing OpenAI Lawsuit
11.3.2024
Elon Musk, CEO of artificial intelligence (AI) company xAI, has announced the open sourcing of Grok, a ChatGPT competitor. He announced this decision days after Musk filed a lawsuit against OpenAI, a company he co-founded, for allegedly abandoning its original non-profit mission.
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US Court of Appeals Reverses Lower Court’s Ruling in Favor of Binance
11.3.2024
The United States Court of Appeals has reversed a lower court’s ruling dismissing U.S.-based users’ damages claim against Binance. Aggrieved users will once again attempt to prove that their claims do not constitute an “impermissible extraterritorial application” of U.S....