A report reveals that Tether, the world’s leading stablecoin issuer, has reportedly initiated legal action against the bitcoin-focused firm Swan Bitcoin. Proceedings are said to have been filed in the High Court of England and Wales, marking the latest development in this unfolding dispute. Report Says Tether Has Filed a Lawsuit Against Swan Bitcoin in […]
Australia’s securities regulator is suing Binance’s local subsidiary for allegedly misclassifying 505 retail investors as wholesale clients. Retail Users Misclassified Australia’s securities regulator is suing Binance’s local subsidiary for allegedly misclassifying 505 retail investors as wholesale clients, thus denying them appropriate consumer protections. In its lawsuit filed in federal court, the Australian Securities and Investments […]
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 …
The U.S. Commodity Futures Trading Commission (CFTC) has initiated legal action against a fake trading platform and its associates for defrauding investors out of $ 3.6 million. The scheme, which targeted Asian Americans, involved soliciting funds in fiat and digital assets, with false promises of trading in commodity futures. Instead, the funds were misappropriated …
Coinbase has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) and Federal Deposit Insurance Corporation (FDIC) to obtain documents on their approaches to cryptocurrency regulation. Coinbase’s chief legal officer highlighted the lack of clear guidelines from the SEC and the FDIC’s pressure on financial institutions. The crypto exchange’s Freedom of Information Act […]