BitClave pays $4.6M in restitution to affected ICO investors. The SEC filed a lawsuit against BitClave in 2020 over its unregistered ICO. The U.S. Securities and Exchange Commission (SEC) has disbursed $4.6 million to investors affected by BitClave’s 2017 unregistered initial coin offering (ICO). The payout follows a settlement reached in 2020, where BitClave agreed…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Shaquille ‘Shaq’ O’Neal, basketball legend and global icon has taken a notable step toward resolving legal troubles tied to his Astrals NFT project. In a new document filed in court, O’Neal’s has agreed to a staggering $11 million in lawsuit settlements. This development marks a notable turn in the…
November 17, 2024 at 04:55 AM GST updated: November 17, 2024 at 04:53 AM 2 mins read News Eighteen US states sue the SEC, alleging overreach in crypto regulation and violation of state rights. The lawsuit claims that the SEC bypassed Congress to enforce crypto rules, undermining state-led innovation. States argue that the SEC’s crypto…
A lawsuit claiming that Tesla’s Elon Musk rigged Dogecoin to benefit his company has ended. According to reports, investors who initially claimed that Musk manipulated Dogecoin’s price have withdrawn their complaint. Also, the group is withdrawing its bid to sanction Musk’s lawyers for supposedly interfering with the appeal, including canceling a request to cover their…
November 16, 2024 at 12:52 PM GST updated: November 16, 2024 at 12:54 PM 2 mins read News Investors withdraw appeal in $258 billion lawsuit against Musk over Dogecoin market manipulation allegations. Judge Hellerstein dismissed the case citing Musk’s statements as aspirational, not constituting fraud. Legal dispute ends with mutual agreement to withdraw motions, pending…
Latest News Eighteen states filed a lawsuit against the SEC for overreaching crypto regulation. The lawsuit argues the SEC’s actions infringe on states’ economic policies and federalism. Eighteen Republican-led states have filed a lawsuit against the Securities and Exchange Commission (SEC), accusing the agency of overstepping its authority in regulating the $3 trillion crypto industry….
Eighteen states have sued the SEC, Chair Gary Gensler, and all SEC commissioners, alleging that overreach in crypto regulation infringes on state rights and hampers industry growth. 18 States Sue SEC, Gensler, and All Commissioners Over Alleged Overreach in Cryptocurrency Regulation Eighteen U.S. states have sued the Securities and Exchange Commission (SEC), its Chair Gary…
18 US states have filed a lawsuit against the US Securities and Exchange Commission and its commissioners, including chair Gary Gensler. The various states accuse the SEC of unconstitutional overreach and unfair persecution of the crypto industry under the leadership of Gensler. The commission and its chair have been heavily criticized by the US government…
November 12, 2024 at 01:15 AM GST updated: November 11, 2024 at 11:52 PM 2 mins read News FTX estate sues Binance for $1.8B, claiming fraudulent transfers in a 2021 share repurchase deal. Changpeng Zhao allegedly led a campaign to harm FTX, impacting its market stability. FTX argues that Binance’s actions in Nov 2022 accelerated…
November 7, 2024 at 07:50 PM GST updated: November 7, 2024 at 07:37 PM 2 mins read Crypto Live News SEC challenges Kraken’s claims of unclear crypto regulations in court, seeking to dismiss key defenses. Court denies Kraken’s major questions defense, supporting SEC’s view on securities law applicability. SEC seeks to limit discovery scope in…
Binance’s legal team filed a motion to dismiss the SEC’s amended complaint. Previous court rulings support that crypto assets are not inherently securities. Binance and its former CEO, Changpeng “CZ” Zhao, have filed a motion to dismiss the SEC’s amended complaint against them. The motion, submitted on Nov. 4, accuses the SEC of failing to…
October 27, 2024 at 03:15 PM GST updated: October 27, 2024 at 11:42 AM 2 mins read Crypto Live News Warriors partner with Coinbase, bringing blockchain engagement to fans despite ongoing legal hurdles. Coinbase strengthens NBA ties, launching giveaways and fan perks through the Warriors partnership. Crypto sponsorships rebound as Coinbase and Warriors reshape blockchain’s…
Market News Coinbase has filed for partial summary judgment against the SEC over its three-year delay in cryptocurrency classification requests. The motion seeks to compel the SEC to disclose documents on its stance regarding cryptocurrencies like Ether. The leading crypto exchangeCoinbase is taking a bold step against the U.S. Securities and Exchange Commission (SEC) by…
James Howells is suing Newport City Council after a decade-long fight to recover a hard drive containing 7,500 bitcoins, now worth nearly $500 million, mistakenly dumped in 2013. The council has repeatedly denied excavation requests, citing environmental concerns. Howells claims the data is recoverable. Council Sued Over Lost $500M Bitcoin Hard Drive James Howells, an…
Ripple’s CEO has intensified criticism of the U.S. Securities and Exchange Commission (SEC), accusing the agency of ignoring a court ruling that XRP is not a security and overstepping its legal bounds. His remarks came after Bitnomial Exchange filed a lawsuit against the SEC, disputing the regulator’s authority over XRP futures. The case adds to…
Jarretts argue staking rewards should be taxed only when sold, not upon creation. This is the Jarretts’ second legal attempt to clarify crypto tax rules. On October 10, 2024, Josh and Jessica Jarrett, Tezos network stakers, again filed a lawsuit against the IRS, challenging its taxation of block rewards from staking on the Tezos network….
OpenAI is filing a motion to dismiss Elon Musk’s lawsuit against the company, accusing the billionaire Tesla founder of harassment. The artificial intelligence firm says Musk is using the court system to “harass” it to boost his own competing AI company, xAI. In February 2024, Elon Musk filed a lawsuit against OpenAI, alleging that the…
Crypto.com has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC), challenging the regulator’s authority over the sale of digital assets on secondary markets. The lawsuit, filed in the United States District Court for the Eastern District of Texas, alleges that the SEC is unlawfully extending its jurisdiction to include most digital tokens…
Este artículo también está disponible en español. With about 16% of its value lost in October 2024 alone, XRP, the native coin of Ripple, has been under heavy assault this month. The US Securities and Exchange Commission’s (SEC) fresh appeal in its continuous action against Ripple is driving the price drop. Investors are left wondering…
Two cryptocurrency platforms face allegations of fraud by Washington State’s Department of Financial Institutions. Both companies allegedly lured investors with promises of huge returns, but later blocked withdrawals and demanded extra fees. An investor lost $64,000 to one platform after being asked for a “safety reserve” fee. The platforms are accused of exploiting social media…
A newly filed lawsuit claims that Swan Bitcoin, a financial services company focused on bitcoin, is accusing former employees of trying to hijack its “billion-dollar bitcoin mining business.” According to the suit, Swan’s subsidiary Electric Solidus alleges that Proton Management dubbed a “copycat company” in the filing, stole trade secrets from their mining operations. Swan…
Green United’s motion to dismiss the SEC’s $18M fraud case was denied. The SEC alleges Green United sold fake mining equipment and misled investors. U.S. federal judge Allen has denied Green United’s motion to dismiss a lawsuit filed by the Securities and Exchange Commission (SEC), accusing the Utah-based company of running an $18 million crypto…
Market News The lawsuit argues that many NFTs on OpenSea resemble investment contracts OpenSea states it is reviewing the lawsuit, highlighting ongoing regulatory challenges. A group of OpenSea users has filed a class-action lawsuit in Miami. The lawsuit claims that the popular NFT marketplace sold unregistered securities. This legal action raises significant concerns about the…
In a recent decision, a Texas court dismissed Consensys’ lawsuit against the U.S. Securities and Exchange Commission (SEC), which was filed in April 2024 to protect the Ethereum ecosystem from regulatory overreach. The court’s dismissal was based on procedural grounds, without addressing the merits of Consensys’ claims. Despite this setback, Consensys highlighted a significant win…
A Texas court has ruled to dismiss the Lawsuit filed by Consensys against the SEC. Consensys warns that classifying Ethereum as a security could impose heavy regulatory burdens. In a recent post on X, Consensys announced it had filed a lawsuit against the SEC in April 2024 to safeguard the Ethereum ecosystem. The Texas court…
Elon Musk and Tesla Inc. successfully had a lawsuit dismissed that accused them of manipulating the price of dogecoin (DOGE) for personal gain. A U.S. District Judge in Manhattan ruled that the plaintiffs failed to provide convincing evidence, despite multiple revisions of their claims. The lawsuit alleged that Musk’s social media influence caused a 36,000%…
August 30, 2024 at 10:30 AM GST 2 mins read News A U.S. court dismissed a lawsuit against Elon Musk and Tesla, accusing them of manipulating Dogecoin’s price through public statements. The judge ruled that Musk’s tweets about Dogecoin were “aspirational” and not factual, rejecting claims of securities fraud. Plaintiffs failed to provide sufficient evidence…
The U.S. Securities and Exchange Commission (SEC) has issued a Wells notice to Opensea, signaling potential enforcement action against the NFT marketplace. Opensea’s CEO criticized the SEC’s move, claiming it could negatively impact innovation and creators’ livelihoods. The platform is prepared to contest the action and has committed $5 million to support NFT creators facing…