Category: Legal
-
Pending the SEC lawsuit against Ripple, Coinbase announces it will suspend XRP trading on January 19
On Monday, Dec. 28, Coinbase’s Chief Legal Officer, Paul Grewel, announced via a Medium post that Coinbase will suspend XRP trading on January 19, 2021, pending the SEC lawsuit against Ripple Labs. In the post, Grewel noted: “The trading suspension will not affect customers’ access to XRP wallets which will remain available for deposit and withdraw…
-
Ripple “partner” MoneyGram now says it never used XRP or RippleNet
The punches keep on coming for Ripple, days after the SEC launched a defining lawsuit against the company and its founders for having sold “unlicensed” securities in the US, MoneyGram distances from Ripple International payments processor MoneyGram distanced itself from Ripple yesterday as various charges were levied against the company and its founders. In a…
-
Top Silicon Valley VC defends crypto amid proposal of controversial Treasury rule
Yesterday, the U.S. Treasury’s FinCEN branch confirmed that it is working on cracking down on crimes enabled by Bitcoin and other cryptocurrencies. A to-be-published document from the Financial Crimes Enforcement Network indicated that the rule will force virtual asset service providers to verify the name and address of non-custodial wallet users for any transaction exceeding…
-
One of Bitcoin’s earliest users might soon get a U.S. presidential pardon
Silk Road founder Ross Ulbricht, who operated the dark web site from 2011 to 2013 before his arrest, could soon get pardoned by US President Donald Trump if things work out. Silk Road was among the first public businesses to use Bitcoin, a move that helped bolster the asset’s use case. Bitcoin adoption to a…
-
BitMEX Founder’s Charges Highlight Risks for DeFi
The case against BitMEX, an offshore crypto trading platform, has regulatory implications for the burgeoning DeFi market.
-
Binance files US lawsuit against Forbes and two cryptocurrency journalists
Cryptocurrency exchange alleges “millions of dollars” in losses as a result of what it describes as a “false and misleading” article.
-
Payza Founders Sentenced in $250M Money Laundering Case
Canadian brothers Firoz and Ferhan Patel are headed to prison after admitting their payments company had broken the law.
-
Crypto “bank” Cred files for bankruptcy after alleged multimillion fraud case
Crypto lending firm Cred filed for a voluntary Chapter 11 case in the United States Bankruptcy Court for the District of Delaware to explore strategic alternatives, including, without limitation, the restructuring of its balance sheet or the sale of its business as a going concern, in a court-supervised process, it said in a release on…
-
Layer1 co-founder takes former business partner to court
He claims to have spent millions of his own money, only to be tossed out of the company he co-founded.
-
Ethereum dev Virgil Griffith battles North Korea aiding charges against the US
Ethereum developer and Wikiscanner creator Virgil Griffith filed a motion last week to dismiss US government charges of him “aiding” the North Korean government, documents released last week showed. Griffith was arrested in November last year after speaking in a North Korean cryptocurrency conference. Authorities claimed he violated the “International Emergency Economic Powers Act” by…