$90 Million Crypto Ponzi Schemester Sentenced to Seven Years

US District Judge Valerie Caproni sentenced Stefan Qin to seven and a half years in prison for defrauding investors out of $90 million in a crypto Ponzi scheme. The post $90 Million Crypto Ponzi Schemester Sentenced to Seven Years appeared first on BeInCrypto. дальше »

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Hong Kong’s Largest Landlord Leases to First Crypto Firm

Hong Kong’s Central district’s largest landlord, Hong Kong Land Holdings Ltd., signed a lease with its first crypto asset firm. The post Hong Kong’s Largest Landlord Leases to First Crypto Firm appeared first on BeInCrypto. дальше »

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Why The Epic v. Apple Trial Ruling Is A Big Win For Crypto

A decision rendered by a District Court in California on Friday now prohibits Apple from preventing developers to provide external links or other communications that direct users away from Apple’s in-app purchasing. дальше »

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Judge Dismisses Racketeering and Market Manipulation Case Against BitMEX

Cryptocurrency derivatives exchange and trading platform BitMEX has scored a significant win in a racketeering and market manipulation case following a ruling from a federal judge. Earlier this week, Judge William Orrick of the United States District Court for the Northern District of California dismissed claims from traders against the company. дальше »

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North American BitConnect Head Pleads Guilty to Fraud

Glenn Arcaro, head of the North American division of BitConnect, pled guilty in US District Court to conspiracy to commit wire fraud. The post North American BitConnect Head Pleads Guilty to Fraud appeared first on BeInCrypto. дальше »

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Shanghai Court Recognizes Bitcoin as Virtual Property

The Minhang District Court of Shanghai declared Bitcoin to be a virtual property protected by Chinese law. This isn’t the first time that the court has ruled that cryptocurrency assets should be protected in regard to Chinese regulations on property ownership. дальше »

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Создатель мема «Лягушонок Пепе» добился удаления NFT-проекта

Платформа по продаже невзаимозаменяемых токенов OpenSea удалила NFT-проект Sad Frogs District за нарушение авторских прав. Соответствующий запрос направил создатель интернет-мема «Лягушонок Пепе» Мэтт Фьюри, пишет Decrypt. дальше »

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Pepe The Frog creator has $4M ‘Sad Frogs’ project removed from OpenSea

Following the delisting of the Sad Frogs District NFT project from OpenSea, the Sad Frog’s team has filed a counter DMCA to the NFT marketplace. дальше »

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Ripple Chief Brad Garlinghouse Requests For Documents From Binance In Suit Over XRP

The legal team defending Ripple CEO Brad Garlinghouse wants Binance’s documents in the ongoing case with the US Securities and Exchange Commission (SEC), according to a motion submitted in the Southern District of New York on August 2. дальше »

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Judge clears Ripple to question former SEC official over XRP case

Ripple’s defense of the ongoing lawsuit against it by the U. S. Securities and Exchange Commission (SEC) has received a slight boost. Sarah Netburn, U. S. District Court Judge, has turned down SEC’s motion to cancel the deposition of William Hinman, former director of SEC’s Division of Corporate Finance. дальше »

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Alabama Congressman Barry Moore bought 3 cryptos as the market soared

Felix Barry Moore, who serves as the U. S. Representative for Alabama’s 2nd congressional district, has been purchasing Dogecoin (DOGE/USD), Ether (ETH/USD), and Cardano (ADA/USD) over the past few months. дальше »

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Former Cryptopia employee pleads guilty to stealing $170K in crypto

A former employee of the now-defunct Cryptopia exchange has admitted to stealing $171,969 worth of crypto. A report unveiled this news on July 5, noting that the ex-employee appeared before Judge Gerard Lynch of the Christchurch District Court on Monday. дальше »

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US Feds just sold $19 million in Bitcoin. Here’s why

The Department of Justice’s Northern District of Ohio received a significant return on the confiscated Bitcoin (BTC) forfeited after Mark Alex Simon’s conviction, accused of manufacturing and distribution of fraudulent identity documents or authentication features and conspiracy to launder money, according to Toledo’s local news. дальше »

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Feds Sell Seized Bitcoin From 2018 for $19 Million

The U. S. has sold about 500 bitcoins seized back in 2018 for about $19. 2 million. This was reportedly the largest net forfeiture in the Northern District of Ohio’s history. Federal authorities in the U. дальше »

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StakeHound, Fireblocks in Hot Water After Losing Clients’ $75M in Ether (ETH)

StakeHound has filed a lawsuit against its cryptocurrency custodian Fireblocks at the Tel Aviv District Court, for allegedly losing the private keys to its $75 million worth of ether (ETH). StakeHound claims the digital currency was lost due to negligence on Fireblocks’ part, as the firm did not backup the private keys appropriately, according toRead More дальше »

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John McAfee Speaks: The US Thinks I’m Hiding Crypto

John McAfee, a software developer, and entrepreneur was indicted with fraud, tax evasion, and money laundering conspiracy. According to the indictment filed by the US Attorney’s Office of the Southern District of New York, McAfee and other accomplices allegedly obtained over $10 million with illicit activities related to cryptocurrencies. McAfee was accused of using his […] дальше »

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Court Denies SEC’s Request For Documents Relating To Ripple’s Lobbying Efforts

Since the US Securities and Exchange Commission (SEC) filed charges against Ripple Labs, the blockchain firm has had some legal victories. The latest win is no different. Judge Sarah Netburn of the District Court of New York has denied the SEC's request for documents related to Ripple's lobbying efforts. дальше »

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Arte completes the most expensive crypto real estate deal in the US

Alex Sapir and Giovanni Fasciano, the developers of Arte Surfside, a condominium complex in the Surfside District of Miami Beach, Florida, have set the record of completing the most expensive crypto real estate deal in the US. дальше »

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Hungarian artists plan to put up a Satoshi Nakamoto statue in Budapest

Two Hungarian sculptors are working on a life-size sculpture of Satoshi Nakamoto. A report unveiled this news on June 3, noting they seek to erect the sculpture in Graphisoft Park in Budapest’s 3rd district, which already has the statue of Apple’s co-founder, Steve Jobs. дальше »

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XTZ Stakers Sue IRS Over ‘Wrongful Taxation’ of Their Tezos Baking Rewards

According to a filing sent to the U. S. District Court for the Middle District of Tennessee, the couple, Jessica and Joshua Jarret are asking the IRS to refund taxes paid on the staking rewards claiming they are untaxable before they are sold or exchanged. дальше »

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County Commissioner: I want Miami District 8 county to be most crypto-forward cities in the US

“I want Miami District 8 county to be one of the most crypto-forward and technology-driven cities in the US," Commissioner Danielle Cohen Higgins claimed in a recent 'Thinking Crypto' youtube interThe post County Commissioner: I want Miami District 8 county to be most crypto-forward cities in the US appeared first on AMBCrypto. дальше »

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SEC enforcement chief steps down just days after appointment

The official’s conduct in past litigation was brought into question by a U.S. district court judge.

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Miami-Dade Officials Hope to Launch a Crypto Task Force, Residents Could Pay Taxes in Bitcoin Soon

Back in mid-February, Bitcoin.com News reported on Miami’s Mayor Francis Suarez supporting the idea of the city holding bitcoin in the treasury and allowing tax payments in bitcoin as well. On April 15, 2021, reports show that the city may introduce the tax payments concept soon, as the District 8 county commissioner Danielle Cohen Higgins […] дальше »

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The SEC got it wrong? Like Ripple, accuses LBRY for token sales

The U. S. Securities and Exchange Commission’s (SEC) new target is LBRY, Inc. Like it did with Ripple, the regulator accuses the company of “failing to register a security offering,” according to a document filed in the court district of New Hampshire. дальше »

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Argentinean Startup Accelerator Launches Crypto Mining Farm in Mar Del Plata

The Technological District of Mar del Plata, Argentina, will host a massive crypto mining operation backed by a domestic startup accelerator. Lothal Mining is the company that will run the operations of the mining firm in the Argentinean city. дальше »

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Court Rejects Ripple Investor Tetragon’s Claim of XRP Being Determined a Security

“XRP is no more a security after the SEC filed the enforcement action than it was before it,” the judge said; the decision will be made by the District Court. The post Court Rejects Ripple Investor Tetragon’s Claim of XRP Being Determined a Security first appeared on BitcoinExchangeGuide. дальше »

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Indictment Order Issued Against Leaders of the Geek Group for Their Role Using BTC in an Illegal Money Transmission Business

A U. S. District Court has indicted three individuals behind the now-defunct Geek Group for their role in running an illegal money transmission business that used bitcoin to move funds across states. дальше »

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150,000 bitcoins in question: Mt. Gox creditors to vote on draft compensation plan

Now defunct crypto exchange Mt Gox’s appointed trustee, Nobuaki Kobayashi, revealed that the Tokyo District Court has not found any grounds for disapproving a previously submitted draft rehabilitatiThe post 150,000 bitcoins in question: Mt. дальше »

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Court Approves MT Gox Rehabilitation Plan

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NYC court dismisses lawsuit against Bancor alleging securities law violation

In yet another legal victory for the crypto-industry, a New York District Court Judge has ruled in favor of on-chain liquidity protocol Bancor in a lawsuit that has been raging since April 2020. JudgeThe post NYC court dismisses lawsuit against Bancor alleging securities law violation appeared first on AMBCrypto. дальше »

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Ripple and SEC Pretrial Settlement Prospects are Running Dry

On Feb. 15 the SEC and Ripple filed a joint letter to the U. S. Southern District of New York federal court. It mentions there is currently no “prospect for settlement at this time. ” According to the SEC, settlement discussions have already taken place. дальше »

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Seoul court finds Bithumb liable; orders reimbursement of over 1.1 billion won

Seoul's Central District Court has ruled that South Korean crypto-exchange Bithumb is liable to compensate victims of Bithumb’s withdrawal incident back in November 2018. In the said incident, severThe post Seoul court finds Bithumb liable; orders reimbursement of over 1.1 billion won appeared first on AMBCrypto. дальше »

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Ripple Labs Files Rebuttal to SEC Charges

Ripple Labs officially answered the charges laid against it by the SEC on Dec. 23. The company filed its rebuttal with the U. S. Southern District of New York federal court on Jan. 29. The SEC claims that Ripple Labs and its current and former CEOs Brad Garlinghouse and Chris Larsen sold $1. дальше »

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Ripple (XRP) Faces Class-Action Lawsuit From Investor That Lost $48

Another Day, Another Lawsuit Florida resident, Tyler Toomey, filed a class-action lawsuit against Ripple Labs and CEO Brad Garlinghouse in a U. S. District Court in the Middle District of Florida. дальше »

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Shanghai government invests $5M in blockchain project Conflux

Conflux Network, a state-endorsed public, permissionless blockchain project in China, today announced it has received a $5 million USD research grant from the Shanghai government. The grant is funded by the Shanghai Science and Technology Committee and the Changning District government. дальше »

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The CFTC Asks Court to Issue Fines in Excess of $100M Against Mastermind of a Fraudulent Crypto Scheme

The Commodity Futures Trading Commission (CFTC) has filed a motion with the New York Southern District Court that seeks heavy penalties against Michael Ackerman, the mastermind of a fraudulent cryptocurrency scheme. дальше »

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Court Fixes Pretrial Date for Ripple V. SEC Case in February

Following the lawsuit filed by the U. S. Securities and Exchange Commission (SEC) against Ripple, an initial pretrial conference concerning the case is scheduled to hold in February 2021. Ripple and SEC to Submit Joint Letter Before Pretrial According to a court document filed on Tuesday (Dec. дальше »

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Ripple to Meet With SEC in First Pretrial Conference on Feb. 22

Ripple and the SEC will meet over video call, according to a court order from the US District Court of the Southern District of New York. дальше »

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Centra Tech Co-Founder Sentenced One-Year in Prison Over $25 Million ICO Scam

Robert Farkas, 34, the co-founder of the cryptocurrency firm Centra Tech was sentenced to a year in prison on Tuesday by US District Judge Lorna G. Schofield in Manhattan. Farkas pleaded guilty to tricking investors of over $25 million in an investment scam that was promoted by the likes of Floyd Mayweather and musician DJ […] The post Centra Tech Co-Founder Sentenced One-Year in Prison Over Million ICO Scam first appeared on BitcoinExchangeGuide. дальше »

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District Court Will Consider Mt. Gox Rehabilitation Plan

An announcement indicates that the Tokyo District Court will review a draft rehabilitation plan for victims of the notorious Mt. Gox hack. The post District Court Will Consider Mt. Gox Rehabilitation Plan appeared first on Bitcoin Magazine. дальше »

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‘Crypto Killed the Gallery Star:’ How Crypto Revolutionizes the Art World

In Miami’s art district Wynwood, around 100 people gather in the Bitcoin Mining Market to celebrate BitBasel, a get-together of crypto artists, collectors, and fans. You see lots of tattoos, funky hairstyles, and sexy dresses. дальше »

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Man Jailed for Role in $25 Million Ponzi Scheme Involving a Failed Crypto

A South Florida federal district judge has sentenced Jose Angel Aman to 84 months in prison for his role in perpetrating a $25 million diamond Ponzi scheme. In addition, the judge ordered Aman to pay over $23 million in restitution to victims who invested in his diamond cutting business and the purported diamond-backed crypto token. дальше »

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US DoJ extradites alleged AirBit Club Ponzi operator from Panama

United States Department of Justice (DoJ) and the Southern District of New York (SDNY) extradited a member of an alleged AirBit Club ponzi scheme for “internationally coordinated fraud and money lauThe post US DoJ extradites alleged AirBit Club Ponzi operator from Panama appeared first on AMBCrypto. дальше »

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China’s Digital Currency to Roll-Out In A Second City After Successful Trials In Shenzhen

On Monday, local Chinese media The Paper reported that the district of Suzhou in Xiangcheng would launch a lottery to give away the country’s central bank digital currency (CBDC) in a bid to test the real-use cases of the digital currency. дальше »

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Binance Sues Forbes And Two Reporters For Defamation

The world’s top crypto exchange, Binance, has filed a lawsuit against Forbes and two of its journalists for publishing an article on October 29 that it deems defamatory. Details Of The Legal Battle Between Binance And Forbes Per the complaint filed by Binance in the US District Court in the District of New Jersey, the […] дальше »

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Binance cries defamation, takes Forbes to Court over article

In what is a breaking development, Binance Holdings Ltd. today filed a defamation suit against Forbes Media LLC before the U.S District Court of New Jersey. Representing the Changpeng Zhao-led BinanceThe post Binance cries defamation, takes Forbes to Court over article appeared first on AMBCrypto. дальше »

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Ex-Microsoft Engineer Handed A Nine-Year Prison Sentence For A $10 Million Criminal Scheme Involving Bitcoin

A former software engineer at Microsoft has been sentenced to nine years in prison after he devised a complex scheme, involving bitcoin, to steal over $10 million from his former employer. Ukrainian national Volodymyr Kvashu, 26, was charged by a Seattle District court with 18 felonies including identity theft and money laundering. According to a […] дальше »

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Cryptocurrency Lending Firm Cred Files For Bankruptcy After ‘Irregularities in Funds’

Cred, a united States-based crypto lending firm, has filed for chapter 11 bankruptcy protection giving a rude shock to its customers. The legal team of Cred filed the bankruptcy papers on November 7th in the District of Delaware. дальше »

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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 […] The post Crypto “bank” Cred files for bankruptcy after alleged multimillion fraud case appeared first on CryptoSlate. дальше »

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Prosecutors seek harsh punishment for a scammer behind a celeb-endorsed ICO

US federal prosecutors are requesting US District Judge Lorna Schofield to sentence a fraudster behind a celebrity-endorsed ICO to a long term in prison. A report unveiled this news on November 4, noting that the prosecutors filed a sentencing submission on October 31, demanding a harsh sentence against Robert Joseph Farkas, the co-founder of Centra Tech. дальше »

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