Sam Bankman-Fried Faces ‘Tough Road,’ Legal Expert Says

The former FTX CEO faces a legal uphill battle after pleading not guilty to eight counts of criminal charges.

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Gemini Faces Mounting Legal Battles as Earn User Agreement Riles Customers

Several investors have sued crypto exchange Gemini and its founders for offering Gemini’s Earn product without registering it as a security. The post Gemini Faces Mounting Legal Battles as Earn User Agreement Riles Customers appeared first on BeInCrypto.

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Craig Wright Ordered To Pay Peter McCormack’s Legal Fees, Faces Contempt Of Court Hearing

A judgment made in the U.K. found Wright breached an embargo and must pay McMormack’s legal fees.

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Stablecoins worth $ 7 billion left Binance in a day

Binance traders have withdrawn $7 billion worth of stablecoins in the last 24 hours. Net outflow is $3 billion. The exchange faces several difficulties at once, including legal ones. Binance exchange users have withdrawn $7 billion in stablecoins in the last 24 hours.

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The nightmare continues for Sam Bankman-Fried and FTX — Law Decoded, Nov. 14-21

The founder of FTX provoked the withdrawal of his legal team and now faces the possibility of extradition to the United States.

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Crypto Trading Firm TPS Capital Denied Ties to Insolvent Three Arrows. Court Documents Indicate a Connection

TPS Capital claims it's independent of Three Arrows, but legal disclosures as part of bankruptcy proceedings show a web of transactions and familiar faces between the two firms.

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Terra’s Do Kwon Faces Huge Legal Turbulence – US SEC Hot On His Heels As Korean Authorities Turn Up The Heat

Terra’s founder has a slew of legal troubles to face after the crash of the network in May.

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Binance.US Faces Class-Action Suit From Terra Investors

Several Terra investors have filed a class-action suit against Binance.US, according to a legal document filed Monday. Binance.US Targeted in Lawsuit Terra investors are suing Binance.US, alleging that the exchange...

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Do Kwon faces legal trouble in South Korea, China remains Bitcoin mining powerhouse, and Ethereum 2.0 eyes ‘huge testing milestone’: Hodler’s Digest, May 15-21

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Self-Proclaimed Satoshi Craig Wright Faces Major Legal Setback

Australian entrepreneur Craig Wright, who claims to be Satoshi Nakamoto, has lost his court case against Bitcoin developers

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Seychelles faces big decision on legal status of crypto-trading platforms

"Cryptocurrencies developed quite fast, but the laws of many countries are not up to date with this type of activity" Seychelles’ finance ministry and capital market regulator are now working on a The post Seychelles faces big decision on legal status of crypto-trading platforms appeared first on AMBCrypto.

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SEC Faces Backlash After Threatening Legal Action Against Coinbase Over Lending Product

Cryptocurrency exchange Coinbase has been threatened with a lawsuit by the United States Securities Exchange Commission (SEC) if it goes ahead to launch its Lending product. This program aims to offer eligible customers 4% interest on their savings by lending out USD Coin (USDC) to borrowers.

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SEC Faces A Brutal Ripple Reckoning With Federal Judge Granting Brad Garlinghouse’s Request For Binance Documents

Fintech startup Ripple has notched another win this week in its endless legal showdown with the United States Securities and Exchange Commission (SEC). As ZyCrypto reported on Tuesday, the lawsuit between the SEC and Ripple now involves the world’s largest cryptocurrency exchange by volume, Binance.

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El Salvador’s Opposition Party Files Lawsuit Against Bitcoin Legal Tender Legislation

An opposition party in El Salvador and some public members have filed a complaint against the government’s bitcoin legal tender law, which they view as unconstitutional. El Salvador’s Bitcoin Law Faces Pushback From Opposition Just days after the World Bank declined El Salvador’s request to provide technical assistance in the implementation of the bitcoin law, […]

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What Are the Legal Challenges That Crypto Faces and the Way Out?

The popularity of the cryptocurrency space has catapulted to new levels in recent times. Apart from retail investors, institutional interest in the crypto space has grown massively. The next logical step for the progress of the crypto industry is some sort of government validation while remaining totally decentralized. While this seems too good to be […]

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Nexo (NEXO) faces lawsuit over unlawful suspension of XRP payments

Cryptocurrency lending platform Nexo has been charged to court by an XRP user for losses incurred after the platform suspended the XRP trade. Following the legal action against Ripple by the Securities and Exchange Commission (SEC) in December, Nexo halted all XRP trades.

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XRP Faces Prompt Recovery Despite Legal Uncertainty

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London-Based Financial App Threatens To Sue Libra Association Over Its Recent Name Switch to ‘DIEM’

Facebook-led Libra Association, which switched its name to Diem Association, faces a possible lawsuit from a London-based digital finance company bearing the same name. Is it ever going to get better for Facebook-led digital financial project, Diem Association? After a year of legal battles across the world – starting with the Senate hearing, the negative […] The post London-Based Financial App Threatens To Sue Libra Association Over Its Recent Name Switch to ‘DIEM’ first appeared on BitcoinExchangeGuide.

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Breaking: Kleiman Lawsuit Against Self-Proclaimed Satoshi Craig Wright Heading to Trial

Self-proclaimed Satoshi Craig Wright faces a major setback in his legal battle against the Kleiman estate

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Ripple (XRP) breaks support as the platform faces lawsuit in Australia

Ripple (XRP) price broke below key short-term support at $0. 27 as the sellers assumed control of the price action. In the meantime, the crypto giant is facing a lawsuit in Australia.   Fundamental analysis: Legal troubles for Ripple A large Australian financial services company is pressing charges against the crypto company Ripple Labs on trademark infringement allegations.

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Craig Wright Faces a Legal Conundrum as 50 Bitcoin Moves From Address He “Owns”

50 Bitcoins that have been mined in the network’s first month have just been moved from an address Craig Wright claimed he owned. The address was part of a list of 16,000 addresses delivered by the bonded courier in January this year, to which Craig claims he had lost the keys to. This poses a...

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TSLA Stock Up 1%, Newsom Not Worried about Elon Musk Moving Tesla Factory from California

Coinspeaker TSLA Stock Up 1%, Newsom Not Worried about Elon Musk Moving Tesla Factory from CaliforniaGavin Newsom, California Governor, is ‘not worried’ about CEO Elon Musk shifting Tesla out of the state as CEO faces legal battles over tweets.

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Steem Fork Faces Legal Threat From Mining Firm Over ‘Hive’ Name

A new blockchain called Hive is being told it needs to change its name just days after it was created in a fork from Steem.

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Cardano Foundation Faces Lawsuit From Former Partner

Cardano Foundation announced today that think tank London-based Z/Yen Group Limited has initiated legal proceedings against it. The Subject of Debate Is an Alleged Agreement Blockchain project Cardano, the issuer of ADA token, has been dragged into court by former partner Z/Yen Group Limited, which is located in the city of London.

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Ripple Faces Major Legal Defeat That Spells Trouble for XRP

The lawsuit that accuses Ripple of selling XRP as an unregistered security gets the go-ahead

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London-Based Cryptocurrency Exchange LBX Faces Compulsory Liquidation

London-based cryptocurrency exchange LBX is the latest digital asset trading venue to face critical difficulties and is now being liquidated. Despite rising crypto prices, which typically lead to an influx of new traders, some regulated exchanges have struggled to survive amidst rising legal fees, compliance costs, and other overheads.

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Bitfinex ‘Copycat’ Lawsuit Withdrawn and Then Refiled in New District

Ifinex Inc, parent firm of Bitfinex, finds its ongoing legal troubles further complicated as a November lawsuit has been withdrawn by the plaintiff and refiled in a new district. The company, whose close affiliations with both the Bitfinex crypto exchange and stablecoin Tether have continually raised suspicion, now faces at least three ongoing legal battles.

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Facebook’s Active-User Network, A Third of Global Population, Sets Libra Apart From Others: Fed

The Governor Lael Brainard, of the US Federal Reserve on Wednesday stated Facebook’s digital currency project Libra faces a “core set of legal and regulatory challenges.” Social media giant’s stablecoin that is linked to fiat money and other sound assets to mitigate fluctuations in the price of cryptocurrencies like Bitcoin, remains unproven with a vague […]

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Investor Seeking Ripple’s Response over Ongoing XRP Sales

Coinspeaker Investor Seeking Ripple’s Response over Ongoing XRP SalesRipple faces another legal hurdle to jump with claims that its monthly XRP sales constitute illegal sales of securities.

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Chinese Firm Faces Legal Scrutiny From Government Regulator Due to Blockchain Stock Increase

A relatively unknown Chinese education and porcelain firm is facing investigation by a Chinese regulator. The investigation was ordered when the firm’s blockchain stock surprisingly became among the most desired on the market last week.

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US Fed Reserve: Facebook’s ‘cryptocurrency’ dream faces core legal, regulatory challenges

The US Federal Reserve Governor Lael Brainard said yesterday that Facebook must overcome a “core of legal and regulatory challenges” before facilitating payments with its ‘cryptocurrency’ Libra.

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Facebook finally faces GDPR lawsuit after getting shot down in Austrian court

A GDPR case against Facebook, launched by Austrian privacy activist Max Schrems, has been deemed legal under EU law after the Austrian Supreme Court’s ruling, ComputerWeekly reports. Why is this a big deal? Because Facebook has been trying to block this case for five years, and winning a ruling against one of the richest companies in the world is huge news.

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Sorry, but you can’t copyright a meme

Epic Games, creator of the smash hit Fortnite, currently faces a tornado of lawsuits over its use and sale of in-game animations based on dance moves popularized by celebrities. The Supreme Court is involved, the public is divided, and entertainers are seemingly getting screwed.

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Bitfinex Faces Legal Action From NY Attorney General: Here’s What This Means

The New York Office of the Attorney General (AG) wants to take a closer look into the business operations of Bitfinex and related stablecoin issuer Tether (USDT). According to a legal petition filed with the Supreme Court of New York, the NY Attorney General Office of Letitia James is applying for a court order to investigate Bitfinex’s suite of interrelated companies (including its umbrella firm iFinex and Tether Holdings Limited) for “ongoing fraud” to the tune of $850 million.

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Vitalik Buterin Vs Craig Wright: ETH Founder Faces Legal Suit for Libel against ‘Bitcoin Creator’

Craig Wright’s legal team has sent Vitalik Buterin a Letter of Claim saying he has to time until April 23 to respond and apologise. Vitalik never did that

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Tesla Faces Dozens Of Lawsuits Apart From SEC Action

These are not the best of times for Tesla CEO Elon Musk. Fresh from dealing with a stock price crisis caused by weak sales and presumed consumer apathy, he is again facing legal action from the SEC, in addition to dealing with Tesla’s weak financial situation and amssive layoffs.

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US Mt Gox Victims Notch Legal Win Against CEO of Infamous Bitcoin Exchange

Mark Karpeles, the former CEO of the notorious Mt Gox, has lost the motion to strike a lawsuit against him on the grounds that plaintiffs – specifically the defunct bitcoin exchange’s US victims – are likely to be reimbursed eventually.

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Craig Wright Faces Legal Setback, Tough Bitcoin Cash Wars Situation

A U.S federal court has declined to dismiss a lawsuit brought against self-proclaimed bitcoin inventor, Craig Wright, by Ira Kleiman on behalf of his brother, Dave Kleiman, who passed away… The post Craig Wright Faces Legal Setback, Tough Bitcoin Cash Wars Situation appeared first on CoinCentral.

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UpBit Crypto Exchange Executives Indicted for Market Manipulation

South Korea’s largest cryptocurrency exchange, UpBit, faces criminal charges after top executives were formally indicted by the country’s legal prosecutors, as reported by Business Korea on December 21, 2018.

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UAE Government Accepts Cryptocurrencies as Securities, to Legalize ICOs in 2019

The United Arab Emirates is spearheading cryptocurrency adoption in the Gulf region and intends to introduce initial coin offerings (ICOs) as a legal means-of-fundraising in 2019, reported Reuters on Oct.

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Marshall Islands’ Legal Tender Crypto Plan Involving SOV Faces IMF Disapproval

The International Monetary Fund has advised against the launch of SOV cryptocurrency, which aims to become Marshall Islands’ legal tender.

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Augur: ‘Inevitable’ Assassination, Terrorism Markets Worry Community

Decentralized prediction market Augur is attracting criticism following its launch as potentially illegal markets begin to surface on its platform. ‘This Was Inevitable’ Augur, which finally launched in full July 9 after a beta phase lasting two years, currently has almost $2 million in open interest on its Ethereum DApp.

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EU Regulator: DLT In Trade Finance Still Faces Legal Uncertainty

The European Banking Authority published a report to raise public awareness of the benefits and risks associated with the use of DLT in finance.

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EOS Block Producer Faces Legal Action After Goof-Up

There is hardly any doubt that as a new system still in its infancy, EOS has its fair share of shortcomings. This was evident from the latest goof-up by a block producer whose inability to comply with an ECAF order left him threatened with a lawsuit.

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