Category: Legal
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Investors Received False Information About Bitmain Funding Round
The pitch decks stated DST Global and GIC had invested in Bitmain. A disgruntled investor wants to take legal action over those false claims.
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Indian Police Seize Unocoin’s ATM, Arrest Two Founders
One week after Indian cryptocurrency exchange Unocoin announced the launch of its ATM, local police have reportedly seized the machine and arrested two founders of the company, including the CEO. Police say the machine was set up without approval. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Several Items Seized Indian police have seized…
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Mexico Publishes Crypto Rules, Puts Central Bank in Charge
The government of Mexico has published provisions regarding cryptocurrency. The Bank of Mexico will decide which cryptocurrencies are legal and fintech companies must gain approval from the central bank to operate in the crypto space. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals Fintech Law Applies to Crypto The Mexican government published…
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Thai Government Approves Crypto Exchange, Wants Own Wallet
The Thai Securities and Exchange Commission has approved another crypto exchange to legally operate in the country. There are now six exchanges that have been granted approval. Meanwhile, the government is considering maintaining its own wallet in order to confiscate cryptocurrencies from illegal sources. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals…
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AT&T Sued for $224 Million After Phone Hackers Rob Crypto Investor
Michael Terpin is suing AT&T, claiming the company’s failure to protect his cell phone data lead to hackers stealing $24 million in cryptocurrencies.
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Judge Denies Effort to Move XRP Investor Lawsuit to Lower Court
A district judge has slapped down an investor’s effort to move a lawsuit against payments firm Ripple to a lower court.
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SEC Slaps 'Fraudulent' ICO Founder With $30K Fine, Lifetime Ban
The SEC has issued a cease-and-desist along with a $30,000 penalty to the founder of a token sale it called “fraudulent.”
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EU Lawmaker Wants to Include ICOs in New Crowdfunding Rules
A draft proposal by the EP’s Committee on Economic and Monetary Affairs suggests creating new regulations for public initial coin offerings (ICOs).
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Marvel Weighs Legal Move Against Crypto Startup's 'Wacoinda' Plans
Marvel Characters is not yet sure if it will oppose a cryptocurrency startup playing off the name of the fictional nation Wakanda from Black Panther.
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Crypto Millionaire Lost 5,500 Bitcoins in Alleged Investment Scam
A 22-year-old cryptocurrency millionaire has lost more than 5,500 bitcoins in an alleged investment scam in Thailand.