China’s Supreme Court declares crypto transactions as ‘illegal fundraising’

The court’s verdict makes use of virtual assets criminal and stipulates heavy prison sentences… The post China’s Supreme Court declares crypto transactions as ‘illegal fundraising’ appeared first on Coin Journal.

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Top US Celebrities Face Lawsuit For Promoting A Now Near-Worthless “Ethereum Wannabe” EMMAX Coin

Top Hollywood reality TV star Kim Kardashian, together with American celebrity boxer, Floyd Mayweather Jr and Paul Pierce, the former NBA basketball player, have been dragged to court by a disgruntled Ethereum Max (EMMAX) investor.

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Couple that traded military secrets for XMR appear in court today

The FBI and the NCIS on Saturday arrested a US Navy Engineer and his…

The post Couple that traded military secrets for XMR appear in court today appeared first on Coin Journal.

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Cryptocurrency not protected by law says Chinese Court

The plaintiff lost over $10,000 in 2018 amidst the Chinese Central Bank’s ban on… The post Cryptocurrency not protected by law says Chinese Court appeared first on Coin Journal.

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Court Grants Ripple’s Request for Data from 16 Crypto Exchanges

The court also extended the case discovery dates to 31 August for the SEC… The post Court Grants Ripple’s Request for Data from 16 Crypto Exchanges appeared first on Coin Journal.

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Dogecoin, Chainlink, Binance Coin Price Analysis: 22 May

With the ball now in Bitcoin's court, onus fell on the market leader to rekindle bullish sentiment back into the crypto market. At press time, the king coin traded at $37,777 and had to reclaim the reThe post Dogecoin, Chainlink, Binance Coin Price Analysis: 22 May appeared first on AMBCrypto.

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Federal Court Rules in Favour of IRS on Crypto User Transactions

A US court has ruled it legal for the Internal Revenue Service to obtain… The post Federal Court Rules in Favour of IRS on Crypto User Transactions appeared first on Coin Journal.

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Ripple top executives ask the judge to block SEC subpoenas

Ripple top executives have asked the court to block subpoenas from the U.S. Securities… The post Ripple top executives ask the judge to block SEC subpoenas appeared first on Coin Journal.

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US Court Sentences Another Centra Tech Co-Founder to 8 Years in Jail

Sohrab Sharma, a co-founder with the now-defunct Florida cryptocurrency firm, Centra Tech, has been sentenced to eight years in prison after he pleaded guilty to charges of duping investors via a fraudulent initial coin offering (ICO).

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Ripple’s XRP sales suppressed coin price, amended court complaint alleges

The SEC alleges that Ripple executives misled investors and manipulated the XRP coin price by creating an “information vacuum.”

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US Court Sentences ICO Fraudster to 6 Months in Jail: Orders the Accused to Pay Over $4 Million in Restitution

A U. S. court has sentenced Jerry Ji Guo, a resident of San Francisco, to an effective six months in prison for his role in a fraudulent initial coin offering (ICO). In addition to the prison term, the court ordered Guo to pay over $4 million in restitution.

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Justin Sun’s Tron Files Motion to Dismiss Lawsuit on Security Violations in Federal Court

Tron Foundation has filed to dismiss a class-action lawsuit against them in a New York federal court according to a motion filed on Dec 15. The lawsuit claims that Tron violated securities regulations during its Initial Coin Offering (ICO) back in 2017; Tron managed to raise around $70 billion at the time.

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SEC Proposes $5 Million Settlement in Kik’s $100 Million Initial Coin Offering (ICO) for KIN

Kik Interactive, the embattled Canadian messaging startup, seems to have finally reached a settlement deal with the SEC regarding its illegal ICO back in 2017. Since the summer of 2019, the two parties in court have gone back and forth, with the latest ruling by a New York judge, favoring the SEC.

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US Court Sides With SEC in $100M Kik ICO Case; Kik Considers Appeal

A US court has found Kik’s sale of its cryptocurrency, Kin, to violate the nation’s securities laws. Kik raised just short of $100 million during the initial coin offering (ICO) it held in 2017.

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Japanese authorities seize crypto from account linked to the 2018 Coincheck hack

The Japanese court seized $46,000 after a Hokkaido doctor was arrested for purchasing stolen... The post Japanese authorities seize crypto from account linked to the 2018 Coincheck hack appeared first on Coin Journal.

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India May Be Starting Its Biggest Bitcoin Bull Run Yet

India’s crypto trade volumes have soared since the Supreme Court of India lifted banking restrictions for exchanges in March. According to Coin Dance's Paxful and LocalBitcoins volume data, India’s bitcoin peer-to-peer trade volume reached an all-time high in July.

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Blockchain-powered evidence tester granted patent

For The Record will be the first court record recording company in its industry...

The post Blockchain-powered evidence tester granted patent appeared first on Coin Journal.

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Russian court rules stolen Bitcoin cannot be returned to the owner

The court refused to force kidnappers, who stole $900,000 of Bitcoin from the victim,... The post Russian court rules stolen Bitcoin cannot be returned to the owner appeared first on Coin Journal.

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US Supreme Court limits the SEC’s ability to extract disgorgement payments from crypto startups

The court acknowledged SEC’s authority to make seizures where lawful, but ruled that disgorgements... The post US Supreme Court limits the SEC’s ability to extract disgorgement payments from crypto startups appeared first on Coin Journal.

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Norway holds jurisdiction over Craig Wright’s defamation suit against Hodlonaut

The court further orders Wright to pay for costs incurred by Hodlonaut both at... The post Norway holds jurisdiction over Craig Wright’s defamation suit against Hodlonaut appeared first on Coin Journal.

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US Court Freezes Assets Linked to Alleged $9M ICO Scam

A federal court has frozen assets raised from investors in the Meta 1 Coin token sale.

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Telegram Consents to SEC Demand for ICO Documents

Telegram has filed court papers in an agreement to hand over documents related to its 2018 initial coin offering Telegram will provide the US Securities and Exchanges Commission (SEC) all the documents that relate to the company’s initial coin offering (ICO).

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Feds Fight Motion to Dismiss Case Against One Coin Crypto Scam Lawyer

The U.S. government has urged a New York federal court to dismiss an alleged OneCoin money launderer’s request for acquittal

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Court Rejects Ripple’s Bid to Dismiss Class Action Lawsuit Filed by XRP Investors

A court case that has the future of XRP at stake continues after Ripple’s motion to dismiss it was rejected by a court in California. The plaintiffs claim that the blockchain company sold the coin as an unregistered security and demand compensation.

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Digital Chamber Asks Court to Draw Line Between Investment Contracts and Assets in Telegram Case

The Chamber of Digital Commerce, a blockchain advocacy group, wants a U.S. court to distinguish between an investment contract and the underlying asset used by Telegram during a 2018 initial coin offering.

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XRP Price Targets $0.25-$0.28 as Ripple?s Court Hearing About to Take Place

XRP is struggling to regain its previous levels of $0.25 and $0.30, some traders believe the coin is about to reach those price marks in the short term

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SEC Sues Shopin and its Founders for Fraudulent ICO Project

The United States Securities and Exchange Commission (SEC) has dragged the founders of Shopin (SHOPIN) to court for organizing a fraudulent initial coin offering (ICO) that enabled them to sell unregistered securities to investors from August 2017 to April 2018, according to a press release on December 12, 2019.

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Kik ICO Trial: Lawyers Issue 130-Page Response Claiming SEC ‘Twisted Facts’

Canadian instant messaging company, Kik, has hit back at the US regulator trying to sue its ICO with a giant public document. Kik Implies ICO Trial Was SEC Publicity Stunt Following that news that the Securities and Exchange Commission (SEC) was taking Kik to court in June, the company has now released a response in which lawyers dissect its allegations on a sentence-by-sentence basis.

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Analyst: Bitfinex Court Hearing Could Contribute to Massive Bitcoin Volatility

The crypto markets have been closely following the situation that has been unfolding around the popular and controversial Bitfinex cryptocurrency exchange, which also owns the controversial stable coin Tether, which is accused by the NYAG of allowing US-based users to flout the Bitcoin (BTC) and crypto leveraged trading restrictions.

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Court Declares Bitcoin Legal in China as a ‘Virtual Property’

  China is not a bitcoin-friendly country as it has taken a slew of measures to kill the flagship cryptocurrency, which include imposing a blanket ban on all initial coin offerings (ICO) and shuttering crypto exchanges.

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Venezuelans File $30 Million Lawsuit against Crypto Ponzi Scheme

A group of Venezuelan citizens has dragged the owners of Eagle Financial Diamond Group Inc. and Argyle Coin have been dragged to court for defrauding them through their diamond-backed crypto Ponzi scheme.

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Kik CEO: ‘Buy today, sell tomorrow, profit’ — SEC: ‘Nope, that’s illegal’

In a turn everyone should’ve seen coming, the US Securities and Exchange Commission (SEC) is suing messaging app Kik for its initial coin offering (ICO). In court documents released yesterday, the SEC outlined that Kik’s sale of one trillion “Kin” tokens was not registered with the SEC.

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Nabbed! SEC Reels in $30 Million Alleged Diamond-Backed Crypto Scam

By CCN: The U. S. SEC has secured a court order to stop an alleged diamond-backed Ponzi scheme estimated to be worth around $30 million. The securities regulator outlined how more than 300 investors were fleeced into handing over funds to Florida-based Argyle Coin LLC.

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DOJ Demands Diamond Reserve Club and REcoin ICO Fraudste Must Serve Roughly 3 Years in Jail

It has been recently revealed that an Initial Coin Offering (ICO) fraudster case has made its way to the US court. In particular, the Founder of the proclaimed crypto projects, REcoin and Diamond Reserve Club, Maksim Zaslavskiy pleaded guilty for having committed fraud reports Decrypt Media.

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ICO fraud update: DJ Khaled and Mayweather walk free, Kevin Hart next to be investigated

The US Court for the Southern District of Florida has dismissed the case of initial coin offering (ICO) fraud against DJ Khaled and boxer Floyd Mayweather. The court decided that despite Khaled and Mayweather shilled defunct cryptocurrency firm CentraTech (and its associated ICO of CTR tokens) on their social media profiles, they did not play a big enough role in its promotion to warrant further legal action.

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France Adopts New Cryptocurrency Regulation

The French government has adopted a financial sector bill that establishes a legal framework for cryptocurrency service providers and initial coin offerings. The bill includes both optional and mandatory licensing, and also specifies the types of funds that can invest in crypto assets.

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France Adopts New Crypto Regulation

The French government has adopted a financial sector bill that establishes a legal framework for cryptocurrency service providers and initial coin offerings. The bill includes both optional and mandatory licensing, and also specifies the types of funds that can invest in crypto assets.

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Forget the SEC: This US Court Just Set a Major Crypto Precedent

Lawyer Stephen D. Palley has an interesting write-up at the Block about how a federal judge has ruled that ATB Coin was an unregistered security even if the token didn’t entitle buyers to profits.

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Lambo, Land Rovers taken during $22M ICO fraud investigation

In Canada, authorities have seized luxury cars and frozen bank accounts owned by the ringleaders of FUEL, an allegedly fraudulent $22-million initial coin offering (ICO) from 2017. Court documents claim “blockchain services company” Vanbex raised $22 million (CAD$30 million) in cryptocurrency and fiat by with absolutely no intention to develop the FUEL token, reports CoinDesk.

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ABBC Coin Foundation Must Remove Its Trademark After Legal Conflict With Alibaba

ABBC Foundation Must Drop Its Trademark After Legal Conflict With Alibaba According to a recent report released by Reuters, the ABBC Foundation announced that it will not be using the Alibaba trademark.

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Lithuania Central Bank’s Policy Update Opens the Door for Crypto Payments

The central bank of Lithuania has updated its position on cryptocurrencies and tokens issued through initial coin offerings. The regulator has revised the definition of these assets specifying the conditions under which financial institutions can operate with digital money and accept crypto payments.

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Judge Delays Decision to Appoint Legal Counsel for QuadrigaCX Creditors

A group of lawyers from some of Canada’s top law firms convened in a court in Halifax, Nova Scotia, today to secure the right to represent creditors in the ongoing QuadrigaCX litigation.

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South Korea Updates ICO Stance After 3-Month Investigation

The South Korean government has updated its stance on initial coin offerings (ICOs) as well as announced the results of its 3-month investigation of ICO activities carried out by Korean companies.

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Canadian Startup Kik Plans to Fight a Legal Battle Against the SEC Over an ICO Case

Kik Interactive Inc. , a social media startup based in Waterloo, Ontario is planning to fight the Securities and Exchange Commission (SEC) in court. The startup’s 2017 initial coin offering is at the center of the controversy, as reported by the Wall Street Journal.

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Kik Looks to Challenge SEC over ICO Securities Debacle

According to a report by The Wall Street Journal published on January 27, 2019, Canadian social-media giant Kik Interactive Inc. is contemplating locking horns with the US Securities and Exchange Commission (SEC) over the latter’s diktat on the legal status of tokens issued throug initial coin offerings (ICOs).

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Why is Kik Challenging The SEC In Anticipated Crypto ICO Court Case?

Ever since initial coin offerings (ICOs) became mainstream, regulators, especially the U. S. ’ governmental agencies, have sought to make moves against this newfangled form of funding. The crypto assets from these sales are touted as utility-centric, but incumbents have argued that they resemble securities.

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Malaysia Starts Regulating Cryptocurrencies Today

Malaysia’s finance minister has announced that the order to regulate cryptocurrencies and initial coin offerings as securities has come into force. Crypto service providers and exchanges are required to obtain authorization from the country’s Securities Commission, which will work with the central bank to ensure compliance.

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Colorado Introduces Bill With Securities Law Exemptions for Cryptocurrencies

The U. S. state of Colorado has introduced the “Colorado Digital Token Act” which provides some “exemptions from the state securities laws for cryptocurrencies,” according to the text of the bill.

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Japanese Regulator Publishes Proposed Rules for Crypto Service Providers

Japan’s top financial regulator has published the final report outlining proposed rules for cryptocurrency service providers to follow. The rules address areas such as hacking incidents, coin listings, financial and price disclosures, margin trading, and crypto custodial services.

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