Collapsed Australian Crypto Exchange ACX Allegedly Used Customer Funds to Run Business

An Australian court has heard that Australian cryptocurrency exchange ACX that collapsed last year used customer deposits to fund another part of its business instead of keeping the funds on reserve.

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Robinhood to Face Class Action Suit Over Halting Meme Stock Trading

A U.S. District Court Judge ruled that Robinhood must go through with a lawsuit that complains of market manipulation relating to the meme stock rally that took place last year. The post Robinhood to Face Class Action Suit Over Halting Meme Stock Trading appeared first on BeInCrypto.

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Terraform Labs Loses US Appeal Over SEC Subpoena

The U.S. Second Circuit Court upheld the validity of SEC service at last year’s Mainnet Conference.

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Crypto Exchange Gemini Sued By Pensioners Over The Loss Of $36M In Crypto Assets

Gemini is staring at a grueling court case after a leading pensioners’ fintech startup, IRA Financial Trust filed a lawsuit against the crypto exchange seeking compensation over the loss of $36 million in crypto assets earlier this year.

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Binance Courts German Regulators as Push Into Europe Continues

Binance seeks to court German financial authorities in a renewed push to establish a presence in the country, following a rebuke from the regulator last year for offering tokens tracking American stocks without an investor prospectus.

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Can SEC vs. Ripple case end this year or instead 'ANYTIME'? Here's the clue

The SEC vs Ripple lawsuit has consumed a full calendar year and naturally, many holding XRP - one of the biggest yet most controversial crypto assets on the market today - are worried that the court The post Can SEC vs.

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Why “Bitcoin Creator” Craig Wright Came Out Ahead Despite Having To Pay $100 Million

On Monday, it was determined by a Miami court that Craig Wright, the alleged creation of Bitcoin, would pay $100 million in damages to David Kleiman, Wright’s partner. The case had dragged on for about a year and finally came to an end with this judgment.

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Ripple, SEC back in the ring, due to a Court of Appeals decision in a separate lawsuit

Those following the SEC vs Ripple Labs lawsuit might have expected radio silence for the rest of the year, after the court pushed the discovery deadline to 14 January 2022. However, a new development The post Ripple, SEC back in the ring, due to a Court of Appeals decision in a separate lawsuit appeared first on AMBCrypto.

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Ripple 'guilty of fraud,' but not securities law violations: Messari's Selkis

Ripple Labs has been fighting the United States Securities and Exchange Commission (SEC) in an ugly court battle for almost a year now. And yet, still, there is no respite in sight. When the blockchaiThe post Ripple 'guilty of fraud,' but not securities law violations: Messari's Selkis appeared first on AMBCrypto.

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China’s high court proclaims that crypto is not protected by law

China has been making a lot of headlines in regards to the crypto industry this year, and more often than not, not for good reasons. The country has seen a number of its provinces crackdown on cryptocurrency mining, causing the miners to abandon their posts and seek out cheap electricity in other provinces, countries, and […] The post China’s high court proclaims that crypto is not protected by law appeared first on Invezz.

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India Mints its First Crypto Unicorn

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South African Court Grants Final Liquidation Order Against the ‘Biggest Cryptocurrency Scam in 2020’

A South African judge, Justice Alma de Wet, has ruled in favor of granting a final liquidation order against Mirror Trading International (MTI), the country’s biggest bitcoin scam in the past year.

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XRP lawsuit: Here's what the SEC has that Ripple doesn't

The SEC v. Ripple lawsuit has been going on since December last year and both the plaintiffs and defendants have been trying to convince the court of their side of the story. Every ruling that has beeThe post XRP lawsuit: Here's what the SEC has that Ripple doesn't appeared first on AMBCrypto.

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India’s Central Bank RBI Confirms Crypto Banking Ban ‘No Longer Valid’ — Asks Banks to Stop Quoting It

Indian central bank, the Reserve Bank of India (RBI), has officially advised banks that its banking ban circular is no longer valid as it was set aside by the country’s supreme court more than one year ago.

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With Ripple Being Out In Front, Will Grayscale Regret Liquidating Its XRP Holdings?

Ripple has been in the news a lot recently, and for valid reasons. The company and its executives have been through some tough times since the SEC filed a suit against them in December last year. The case which is still in court has turned many of Ripple’s former allies into non-allies, to say the […]

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Japanese Court Convicts Bitcoin Tax Evader- Trader Gets a Year in Prison Plus Fine for $200K

Japanese authorities aren’t hesitating in hunting down anyone considered a crypto tax evader. A court in Ishikawa has sentenced one of them, a 56-year-old man that will spend one year in prison, plus pay a $200,000 fine.

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Crypto Lawyer Stephen Palley Backs SEC, Says XRP Is A Security

A top lawyer and crypto enthusiast Stephen Palley has backed the SEC, saying that XRP is indeed a security. The company behind XRP, Ripple has been in court since late December last year following a suit by the SEC alleging that XRP was an unregistered security.

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Russian Court Removes Binance from Domain Blacklist

Binance is now accessible in Russia once again. The popular cryptocurrency exchange was blacklisted by the Russian internet watchdog, Roskomnadzor in September of last year. The blacklisting, which occurred without any notice, has finally been lifted thanks to the Russian court overturning the ruling.

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India to introduce an 18% Bitcoin trading tax

Less than a year ago, India’s Supreme Court decided to overrule the central bank’s decision to forbid all other banks in the country to serve crypto businesses. With this rule revoked, the country’s crypto industry began to flourish, which led the government to the idea of introducing crypto taxes.

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Former Mt. Gox CEO Appeal Rejected By Japan’s High Court, Two Year Jail Term Stands

According to Associated Press report, a Japanese high court upheld a lower court’s ruling on the Mt. Gox saga, a crypto exchange that went bankrupt after 850,000 Bitcoins were hacked from the exchange.

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Bitcoin Now Open To 1.38 Billion People In India As RBI Clarifies Stance On Crypto

India’s Supreme Court lifted the infamous bitcoin ban sometime in March this year. This ban had been imposed by the Reserve Bank of India (RBI), restricting banks from servicing crypto-related businesses in the country.

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Cryptopia Users Finally Get Good News as Judge Delivers Verdict

At long last Cryptopia victims may be one step closer to finally recovering their cryptos. After more than a year of painstaking investigation, liquidators Grant Thornton have finally received a positive ruling from the New Zealand High Court.

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Cryptopia Customers Win Important Court Ruling Regarding Hacked Funds

Clients of the embattled New Zealand-based Cryptopia exchange will be celebrating today following a court order which deemed the assets to be the property of account holders. Cryptopia went into liquidation in May 2019 following a $16 million hack in January of the same year.

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Crypto Stolen in Cryptopia Hack to Go Back to Holders, Judge States

NZ?s Cryptopia, who lost $30 mln in a hack last year, announced the court?s ruling that the remaining funds will be returned to the holders ? but will it actually happen?

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Bitcoin Confiscation is Easy, Claims Self-Professed Satoshi

Satoshi Nakamoto claimant Craig Wright claims the courts will be coming to seize Bitcoin (BTC) this year. The controversial Bitcoin SV (BSV) proponent argues that it will be the network’s miners complying with court orders that facilitate these seizures.

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XRP Suffers A Serious Blow As Court Denies Ripple’s Motion To Dismiss Securities Lawsuit

Ripple has been battling a class-action lawsuit for a long time now. The fintech firm filed a motion to dismiss the lawsuit late last year. However, a judge at the US District Court of Northern California has denied Ripple’s motion to dismiss.

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Singapore Court Rules Against Crypto Exchange Quoine in Three Year Old Case

Singapore’s Court of Appeals has ruled against Quoine in a landmark case against the digital currency exchange for breach of contract, in which the Quoine platform illegally reversed 7 trades. The case is a first in Singapore involving cryptocurrencies and actually started 3 years back.

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Mining company suing Bitmain, Kraken, Roger Ver over the Bitcoin hash wars sees case dismissed

After a year of appeals, a U. S. Court has dismissed a lawsuit against several Bitcoin Cash proponents, including Bitmain, Kraken, Bitcoin. com, and their respective owners and founders. The lawsuit, filed by Florida-based mining company UnitedCorp, alleged that the defendants colluded during the Bitcoin hash wars, which crashed BCH prices and decimated the company’s mining rewards.

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Mining company suing Bitmain, Kraken, Roger Ver for the Bitcoin hash wars sees case dismissed

After a year of appeals, a U. S. Court has dismissed a lawsuit against several Bitcoin Cash proponents, including Bitmain, Kraken, Bitcoin. com, and their respective owners and founders. The lawsuit, filed by Florida-based mining company UnitedCorp, alleged that the defendants colluded during the Bitcoin hash wars, which crashed BCH prices and decimated the company’s mining rewards.

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Craig Wright Claims ‘Attorney Privilege’ In Tulip Trust Case On 11,000 Crucial Documents

The prolonged Kleiman vs Wright case has taken yet another turn as the defendant raised a plight of attorney-client privilege after failing to provide the alleged bonded courier. Craig Wright (defendant), self-proclaimed “Satoshi”, stated in court earlier this year, that he had received a bonded courier with over 11,000 Bitcoin addresses from a third party. […]

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US Court Terminates Kraken, Bitmain, Roger Ver Lawsuit

After a year of appeals, a US court has finally granted a dismissal for the lawsuit of United Corp. against Bitmain, Kraken, Roger Ver and others in the crypto space. Bitmain, Kraken and Others Off the Hook For Now The lawsuit (United American Corp.

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Crypto Exchange Zebpay Announces Relaunch in India Ahead of Supreme Court Decision on RBI Ban

Zebpay is returning to India more than a year after closing down local crypto exchange operations due to the banking ban imposed by the central bank, the Reserve Bank of India (RBI). Under a new leadership team, the exchange has also revealed a number of upcoming new services, including a crypto-to-crypto exchange and a way […] The post Crypto Exchange Zebpay Announces Relaunch in India Ahead of Supreme Court Decision on RBI Ban appeared first on Bitcoin News.

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Hodlonaut v Craig Wright: Case Moves to Norway

The court case against Twitter persona Hodlonaut filed by Craig S. Wright has been dismissed on grounds of lack of jurisdiction. The case is now expected to take place in Norway instead. Hodlonaut Case to Move to Norway for Final Resolution Hodlonaut, known for staunch Bitcoin support, was legally pursued last year by Craig Wright for calling him a fraud over social media.

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Wazirx CEO on 2020 Outlook, RBI Ban, Crypto Regulation for India

The Indian crypto community has had an eventful year, with a bill on the horizon, the RBI ban’s supreme court hearing, and the community’s efforts toward positive crypto regulation. News.

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Telegram Investor Documents Say BNY Mellon, Credit Suisse Helped Process $1.7B ICO

Telegram told investors it was using BNY Mellon and Credit Suisse, to move and store fiat raised in last year’s token sale, court filings indicate.

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Coinbase faces negligence suit after mishandling its launch of Bitcoin Cash

Long-standing cryptocurrency exchange Coinbase will face a negligence lawsuit after allegedly mismanaging the launch of Bitcoin Cash on its platform, a judge has ruled. However, court documents released on Tuesday show that US District Judge Vince Chhabria threw fraud and unfair competition charges relating to the case.

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US couple must forfeit their cryptocurrency riches after being caught running dark web drug ring

A California-based couple will have to forfeit their cryptocurrency riches after pleading guilty to running a dark web drug operation ring. Jabari Monson, 32, of Merced, California pleaded guilty to conspiring to distribute controlled substances.

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Bitcoin Declared Legal Commodity In Chinese Court

Markets are up today with good regulatory vibes following positive reactions from a number of American Senators who successfully distinguished Bitcoin from the much-maligned Libra. Traders witnessed Bitcoin jumping 10% in about an hour, a leap similar to that seen at the beginning of the bull rally back in April of this year.

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Bitcoin Declared Legal Commodity in Chinese Court

Markets are up today with good regulatory vibes following positive reactions from a number of American Senators who successfully distinguished Bitcoin from the much-maligned Libra. Traders witnessed Bitcoin jumping 10% in about an hour, a leap similar to that seen at the beginning of the bull rally back in April of this year.

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India claims its Aadhaar push is for the ‘good’ of people despite serious privacy concerns

Last year, India’s top court ruled that the central government’s national identification system – Aadhaar – doesn’t violate the privacy of citizens. Now, there are three major developments on this front that might put privacy activists on high alert.

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Third person accused in Bitcoin-powered fake ID ring case pleads guilty

A woman accused of running a Bitcoin-powered fake ID ring pleaded guilty on Tuesday after authorities busted the operation last year.   Among other charges, Sarah Alberts, 35, who is due to be sentenced on October 8, admitted to money laundering, reports say.

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Crypto-mining firm GAW Miners LLC’s investors given Class status by U.S District Court

Less than a year ago, Homero Joshua Garza was sentenced to 21 months imprisonment, followed by three years of supervised release. He was also ordered to pay restitution of over $9 million by the U.

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Malaysia Begins Approving Crypto Exchange Registrations

Malaysia’s securities commission has begun registering cryptocurrency exchanges after it started regulating the crypto space earlier this year. The first three crypto trading platform operators have been conditionally approved and given nine months to comply with registration requirements.

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NY’s Bitcoin Bandit ordered to pay $75M to SIM-swap victim

Michael Terpin, the Bitcoin investor who had $24 million worth of cryptocurrency stolen from him in a SIM-swapping hack, has been awarded a payout three-times the size of his original loss. Los Angeles Superior Court has ordered New York-based Bitcoin Bandit Nicholas Truglia to pay Terpin $74.

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Bitfinex, Attorney General Legal Sparring Continues With New Court Filings

Bitfinex and the New York Attorney General’s (NYAG) legal sparring in relation to $850 million in missing funds escalated with another round of court filings this past weekend.

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If Trump Repeals Obamacare, He Owes US Taxpayers a $2 Trillion Refund

By CCN: President Donald Trump’s Justice Department recently recommended that a federal appeals court strike down all of Obamacare. A petition has been filed with the U. S. Court of Appeals for the Fifth Circuit.

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Bitcoin phisher steals $365,000 and 10,000 passwords from dark web users

A 37 year-old man in the US has been sentenced to one year and one day in prison for fraud in connection with a Bitcoin phishing scheme designed to rob victims of their cryptocurrency. Michael Richo, of New Haven, was also ordered to forfeit $352,000 in cash, various computers and electronic devices, and an assortment of precious coins and metals that he purchased with the proceeds of his offense.

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With Months of Court Hearings Behind Them, QuadrigaCX Enters Bankruptcy

The issues with the QuadrigaCX platform have been well-publicized over the last few months, though the troubles date back to the beginning of last year. Creditors have remained somewhat hopeful that their funds would be magically discovered and returned to their wallets, but it doesn’t look like that is happening now. With no options left […]

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Canada confiscates $1.4M in Bitcoin from dark web drug dealer

A Canadian judge has ordered the forfeiture of approximately $1. 4 million in Bitcoin found on a drug dealer’s computer as part of a criminal investigation. On Wednesday, Superior Court Justice Jane Kelly ordered that 281.

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New York Fraudster Faces 20 Year Sentence for Facebook Crypto Scam

New York resident Patrick McDonnell AKA “Jason Flack” was arrested and charged with nine counts of wire fraud in a Brooklyn court on Tuesday. McDonnell allegedly convinced others to “invest” in cryptocurrency through Facebook and Twitter, stealing the money for his own use and providing false balance statements in return.

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