2019-10-1 16:15 |
Rapyd raised $100 million in a Series C funding round to face off against the arrival of stablecoins. origin »
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Longfin Corp. , one of the firms that suddenly joined the crypto bandwagon in a bid to take advantage of the bitcoin bull run of 2017, has been ordered by a New York federal court to pay nearly seven million dollars in penalties and disgorgement for fraudulent practices, according to a press release on September 30,Read MoreRead More.
2019-10-1 23:00 | |
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Nebulous Inc. , Sia decentralized cloud storage network’s parent company, reportedly entered a settlement agreement with the U. S. Securities and Exchange Commission (SEC). The complaint is related to a 5-year old SEC filing, that highlighgted Nebulous’ involvement in offering and selling unregistered securities.
2019-10-2 19:08 | |
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Fresh news has emerged that witnesses belonging to the Bank of Ireland staff have been asked to bring upon testimonies against the perpetrators in the multi-dollar OneCoin pyramid scheme. According to reports, employees from the Bank were asked by the attorney to give a statement against Mark Scott. He is one of the main suspects […]
2019-10-1 16:28 | |
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In the latest press release shared by the United States’ Securities and Exchange Commission, blockchain-based company and creator of EOS, Block. One, is obligated to pay a penalty of $24 million.
2019-10-1 11:00 | |
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As the multi-billion dollar OneCoin cryptocurrency pyramid scheme continues to tumble, news of witnesses set to testify against the scam’s perpetrators are now coming to light. According to Finance Feeds, employees of the Bank of Ireland have been asked to testify in the case against Mark Scott, one of the alleged figureheads of the $3 billion-plus OneCoin scam.
2019-9-30 17:30 | |
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Ex-Overstock CEO, Patrick Byrne, has liquidated his $90 million stake in the company in order to fund investments in bullion and cryptocurrency. According to Bloomberg, Byrne did this to “battle the deep state” that he reportedly helped in an investigation against a Russian activist who is currently in prison for attempting to influence United StatesRead MoreRead More.
2019-9-20 12:45 | |
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Detroit automaker General Motors Co (GM) could lose up to $50 million per day in earnings after the United Auto Workers (UAW) union orchestrated its first walk out against the company in 12 years.
2019-9-18 23:30 | |
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Although Tron’s unconditional bear market has not fared well against Justin Sun’s promises of a comeback, the community’s efforts toward a growing ecosystem is evident through the Tron Foundation’s weekly reports.
2019-9-10 01:30 | |
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Bitcoin bull John McAfee wants to resolve his dispute with the South China Zombie Research Centre over their "zombie ICO" partnership. China Zombie threatened to file a $100 million lawsuit against McAfee.
2019-9-7 01:30 | |
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Bitcoin bull John McAfee wants to resolve his dispute with the South China Zombie Research Centre over their “zombie ICO” partnership. China Zombie threatened to file a $100 million lawsuit against McAfee.
2019-9-8 01:30 | |
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By CCN Markets: One of the reasons governments have been against the adoption of bitcoin is because of its potential to be misused for illegal activities such as money laundering, and the latest report from Los Angeles, California, will give the detractors more fodder.
2019-8-26 16:29 | |
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The threat actor behind the coordinated ransomware attack against multiple Texas local governments may have gained access to its computer systems via a third-party software provider. According to NPR, which first reported the development, the attackers want a collective ransom of $2.
2019-8-23 15:22 | |
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We need a new category for this sort of Netflix activity. Robert De Niro’s company has filed a $6 million lawsuit against a former employee who purportedly binged Netflix while on the clock, Variety reports.
2019-8-20 17:01 | |
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The chief defendant in an alleged $15 million ICO fraud case has appealed against an asset freeze from the SEC
2019-8-21 14:23 | |
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Most thought that trader Michael Burry was crazy when he started shorting stocks in 2008. But he felt that the market was overheated and the prices would eventually drop. His intuition was right – and it made him $100 million richer.
2019-8-16 22:47 | |
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The Securities and Exchange Commission (SEC) is ramping up its efforts to combat crypto fraud. The Commission filed an emergency legal action against the owner of Veritaseum, Reggie Middleton, whose ICO raised almost $15 million—obliterating the price of VERI.
2019-8-16 02:31 | |
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The US Securities and Exchange Commission filed an emergency lawsuit against "financial guru" Reginald Middleton and his two companies, Veritaseum LLC and Veritaseum Inc., to safeguard $8 million of investor funds Middleton raised during an allegedly fraudulent initial coin offering.
2019-8-14 23:26 | |
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The SEC is seeking to freeze the assets of Reggie Middleton, organizer of the $14.8 million Veritaseum (VERI) ICO.
2019-8-14 20:10 | |
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The U.S Securities Exchange Commission (SEC) filed a complaint against Veritaseum founder, Reginald Middleton, for defrauding investors during the ICO launch of VERI tokens in April to May 2017. In a post released by research firm, Hindenburg Research, the commission will further charge two companies – New York registered, Veritaseum Inc. and Delaware registered, Veritaseum […]
2019-8-13 18:21 | |
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The United States Securities and Exchange Commission (SEC) is taking action against a New York-based individual in an attempt to safeguard investor funds that were raised through an allegedly fraudulent initial coin offering (ICO).
2019-8-13 15:34 | |
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As per an all-new report released by a media outlet called BlockTV yesterday, an investor (whose identity is not known at this time) has issued a lawsuit against Israeli bank Hapoalim (worth approximately $22.
2019-8-10 18:22 | |
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For several weeks, Tron surpassed rivals EOS and ETH in terms of volume. Tron’s late entry into the DApp game hasn’t hindered its growth, as it already lists about 551 DApps on its network.
2019-8-9 05:00 | |
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From alleged exit scams to state-sponsored hacking and $6. 1 million Valentines day gifts – it’s all happening in China right now. EtherDelta Busted Police in China have apparently begun investigating crypto trading platform EtherDelta over an exit scam.
2019-8-8 16:00 | |
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A new database called the Blockchain Litigation Database is making easier for law firms to provide legal services to crypto-sector clients concerned about compliance issues with the SEC and CFTC.
2019-8-7 23:12 | |
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It seems Google is losing the battle against sketchy Android software big time. The company hosted over 205 harmful apps on the Play store in July only. The kicker: these apps were downloaded over 32 million times in total in the past month alone.
2019-8-1 17:26 | |
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For the ongoing series, Code Word, we’re exploring if — and how — technology can protect individuals against sexual assault and harassment, and how it can help and support survivors. Today, KaceyTron, a longtime gaming streamer with almost half a million followers on Twitch, is raising awareness about the realities of online sexual harassment by organizing a “SlutStream” where women gamers will reunite together to reclaim the meaning of “slut” — an insult often hurled at female gamers.
2019-7-30 11:58 | |
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The Trump administration has filed a $100 million lawsuit against infamous bitcoin exchange BTC-e and its alleged operator, Russian national Alexander Vinnik. Vinnik, who remains in custody in Greece as governments worldwide jockey to extradite him, stands accused of laundering billions of dollars worth of cryptocurrency stolen from other exchanges, most notably Mt.
2019-7-27 15:04 | |
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Ethereum cofounder Joseph Lubin was recently summoned to court in New York when a former employee initiated a lawsuit for more than $13 million. According to the summons stemming from former Token Foundry CEO, Harrison Hines, relief was being sought for alleged unpaid profits, fraud, unjust enrichment, and breach of contract.
2019-7-25 17:00 | |
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A crypto investor who suffered a gut-wrenching $24 million loss in a sim swap hack scored an early victory against wireless carrier AT&T when a judge rejected the telecom giant’s request to dismiss the investor’s $224 million lawsuit, a press release published yesterday stated.
2019-7-23 18:05 | |
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A US federal judge has rejected AT&T‘s request to dismiss a $224 million lawsuit over a devastating SIM-swapping incident that led to $24 million in stolen cryptocurrency. A press release confirms the communications giant will face court over allegations it violated the Federal Communications Act, a consumer contract, as well as several other laws, when hackers assumed the identity (and telephone account) of cryptocurrency investor Michael Terpin in 2017.
2019-7-23 13:05 | |
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ConsenSys founder and Ethereum co-founder Joseph Lubin was summoned to court in a $13 million lawsuit connected to failed ConsenSys spinout Token Foundry. Charges levied against Lubin by the startup’s former CEO, Harrison Hines, include fraud, unjust enrichment, and breach of contract.
2019-7-23 23:28 | |
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As regulators pine over the safety of Libra, recent crypto-related crimes are sure to keep them on edge. New Jersey Attorney General Gurbir Grewal filed a lawsuit on Wednesday against Princeton-based company, Pocketinns Inc.
2019-7-20 13:20 | |
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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.
2019-7-17 17:00 | |
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15th July, Singapore, Singapore – The numbers are in and fast-growing exchange BiKi. com is proving it is no flash in the pan. According to official reports, BiKi. com’s revenue figures in the second quarter exceeded USD 15 million, which is a 500% increase when compared to figures from the first quarter.
2019-7-15 10:21 | |
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Blockchain startup Algorand cited incorrect Bitcoin stats while marketing its own network. The startup claimed that its network handled over 50,000 transactions in less than a month, which it said was equivalent to what Bitcoin does every six months when the network actually does 1.
2019-7-13 20:25 | |
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The famous Winklevoss twins and their imbroglio with Mark Zuckerberg’s Facebook needs no introduction. Interestingly, the business honchos’ tryst with Gemini started after winning a $65 million settlement from a lawsuit against the social media giant in 2011.
2019-7-11 19:30 | |
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Sony’s PlayStation 4 has absolutely dominated the console wars hands down against Microsoft’s Xbox One and Nintendo’s Switch console. The company will be aiming to do the same with its PS5. Sony has reportedly moved 94 million units of the PS4 over the console’s lifetime.
2019-7-2 02:30 | |
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Google’s Android is facing a tough battle against malware apps, and there seems no end in sight. According to new research, Google’s Play Store is riddled with thousands of possible malware-ridden counterfeit apps and games.
2019-6-24 10:22 | |
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By CCN Markets: Bitcoin price has increased by 16 percent in the past week against the U. S. dollar following its initial breakout of the $10,000 mark on June 21. Luke Martin, a crypto trader, has said that the momentum of the dominant crypto asset is “insane,” indicating that minor corrections are being absorbed by the market at a fast pace and that the short term trend of the asset remains strong.
2019-6-24 09:40 | |
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In a press release issued on June 19, 2019, the United States Department of Justice (DoJ) unsealed a complaint against a Swedish citizen named Roger Nils-Jonas Karlsson and his company, Eastern Metal Securities (EMS), for orchestrating a multi-million dollar investment scam using bitcoin.
2019-6-21 21:00 | |
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According to a report by Finance Feeds published on June 18, 2019, the U. S. Commodity Futures Trading Commission (CFTC) has filed a complaint against a U. K. -based firm named Control-Finance Ltd. and its sole Director Benjamin Reynolds.
2019-6-19 09:00 | |
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By CCN Markets: Renwick Haddow, the operator of the fake crypto trading platform Bitcoin Store and the fraudulent shared office space Bar Works, admitted to the charges against him with one of his fellow collaborators found guilty by US court.
2019-6-18 17:42 | |
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The CFTC has brought an action against now-defunct entity Control-Finance, which reportedly defrauded over 1,000 investors to launder $147 million in bitcoin
2019-6-18 15:43 | |
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Long term gold proponent Peter Schiff is yet trying to school the crypto community over Bitcoin’s scarcity or the lack of it. The world’s top cryptocurrency, as we all know has a fixed, hard supply set at 21 million which is deflationary in nature, as every four years an event called Bitcoin halving occurs that […]
2019-6-16 21:02 | |
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By CCN Markets: The bitcoin price has surged by seven percent on the day, recording a 32 percent monthly gain and a 151 percent year-to-date gain against the U. S. dollar. The strong upside movement of the dominant cryptocurrency has occurred in anticipation of the opening of the CME bitcoin futures market on Monday.
2019-6-17 09:50 | |
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The SEC's complaint against Kik, after it raised $100 million in an ICO, seemed pretty brutal, but not so fast, we're only hearing one side of the story. Watch more here as three lawyers discuss the case, its merits and its potential impacts for the crypto industry as a whole.
2019-6-15 00:28 | |
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By CCN Markets: Craig Wright is to appear in a Florida court next week to contest allegations that he stole 1. 1 million Bitcoin from his old friend, Dave Kleiman. Wright had initially appealed to postpone proceedings or be allowed to attend via video conference call.
2019-6-12 11:52 | |
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Stephen Palley, a well-known lawyer in the crypto-space spoke to CNBC’s CryptoTrader Ran NeuNer and opined his views on the lawsuit against Kik by the SEC. Kik’s issue with the SEC was made public when the company announced that they were planning to fight against the lawsuit brought forth by the SEC.
2019-6-9 16:30 | |
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By CCN: U. S. -based cryptocurrency exchange Poloniex has revealed that its lenders lost $13. 5 million in a sudden CLAM price crash. To cover its losses, the exchange slashed the principal of active BTC loans by approximately 16%.
2019-6-7 21:20 | |
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