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’s Defense Against SEC Isn’t Going Well; Suffering Setbacks As Judge Tosses Vagueness Plea

Kik is still trying to build up a strong defense against the US Securities and Exchange Commission (SEC). The case is about the firm’s $100 million coin offering. As it has been reported in October, Kik’s team of lawyers tried to persuade the New York Southern District Court to refute SEC’s claim against the Toronto-based […]

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ATM Coin Founders Forced to Pay $4.25 Million Fine Following Binary Options Fraud Charge

A New York Court has charged the founders of ATM Coin with committing fraud and misappropriating client funds, ordering them to pay $4. 25 million to settle the case. Four companies associated with ATM Coin have also been charged.

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Defendants in ATM Coin Binary Options Scam Ordered to Pay $4.25 Million Fine

A New York base court this week ordered defendants to pay a fine amounting to $4. 25 million for being part of an investment fraud scheme. The fraud in question involved the use of the crypto ATM coin.

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ATM Coin Founders Ordered to Pay $4.25 Million for Fraud

A U.S. court fined the team and firms behind ATM Coin for fraud and misappropriation of client funds in a case brought by the CFTC.

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Court Orders $4M in Penalties for Investment Fraud Involving ATM Coin

A New York court has entered an order forcing defendants to pay $4.25 million in penalties for investment fraud involving the “worthless” cryptocurrency ATM Coin

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Victims of Mayweather-Backed Centra Scam Defend Themselves in Court

Investors in Centra Tech, a defunct crypto firm that was accused of fraud, defended their renewed class certification bid in a Florida federal court yesterday, after being denied in an initial motion.

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Court Postpones TON Hearing Till February, Impatient Investors May Get 77% Back

The New York court reviewing Telegram’s contested coin offering in the U. S. has postponed a scheduled hearing on the case till February. The defendants, Telegram Group and its subsidiary TON Issuer, have been banned from distributing and selling the tokens.

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Major Bitcoin Proponents Ask Court to Drop $4B Network Hijacking Lawsuit

Several prominent players tightly related to the Bitcoin Cash (BCH) cryptocurrency network asked to be dismissed from a suit over their alleged “hijacking” of the crypto coin network. United American Corp.

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Kik’s Ted Livingston warns the SEC; says taking on the Kin ecosystem will be a bigger fight

Ted Livingston, Founder of Kik Messenger, is in the news after in a blog post today he announced that that the company would be shutting down operations after repeated court disputes with the SEC over centralization concerns with regards to their cryptocurrency, Kin.

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U.S. SEC Hammer Down Crowdfunding Platform ICOBox 

ICOBox, an initial coin offering project (ICO) that raised a whopping $14. 6 million from the sale of its native altcoin in 2017, has been dragged to court by the United States Securities and Exchange Commission (SEC) for selling unregistered securities and functioning as a broker without obtaining the relevant licenses, according to a press releaseRead MoreRead More.

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British Columbia Supreme Court Judge Denies Plea In Vanbex and FUEL Token Fraud Case

Earlier this year BitcoinExchangeGuide had reported a story about Lisa Angela Cheng and Kevin Patrick Hobbs having been accused of conducting a fraudulent Initial Coin Offering (ICO) based on deceit and false statements.

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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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