Presidential Candidate Brock Pierce Served With Lawsuit for Alleged ICO Fraud

Former Disney child actor and U.S. Presidential candidate, Brock Pierce, was served with a lawsuit during a political campaign event held on Monday. The class-action lawsuit was filed in May and it claims the defendants, including Pierce, sold unregistered securities during the EOS initial coin offering (ICO). Last May, a class-action lawsuit on behalf of … Read more

Ripple CEO’s Public Statements About XRP Token Under Fire in Class-Action Lawsuit

Plaintiffs in the class action lawsuit against Ripple Labs have filed another litigation complaint against Ripple CEO Brad Garlinghouse. The news follows the recent court judgment that denied Ripple Lab’s attempt to get the case dismissed. Also read: Market Update: Slew of Unknown Coins Has Seen Considerable Gains Since ‘Black Thursday’ Plaintiffs Accuse Ripple Labs … Read more

XRP Still Third Largest Crypto by Market Cap After Founder Dumps 1 Billion Coins

Crypto traders and speculators have been discussing the digital currency XRP (ripple) lately because the price has been stagnant compared to other digital assets. Some venture capitalists and analysts plan to short XRP, while other speculators believe the crypto is poised for a price jump in the future. Additionally, crypto enthusiasts have been discussing Ripple … Read more

Lawsuit Against Ripple May Decide the Fate of XRP but Regulators Have the Final Say

A prolonged legal battle, which may hold the key to XRP’s future, has been extended again. The class action lawsuit alleges that Ripple issued and sold the coin, one of the largest by market cap, as an unregistered security. The decision on the defendant’s motion to dismiss the lawsuit has been postponed. But even a … Read more

Disgruntled ICO Investors Threaten to Bring in the Crypto Lawyers

The great ICO rush of 2017 and early 2018 is over. The euphoria, the unironic cries of “When Binance?”, and the 10x returns are now a thing of the past. Epic gains and moon missions have been replaced by acrimony, recriminations and, increasingly lawsuits, both real and threatened. Also read: BTC: 36% in Circulation Lost, 23% … Read more

Credit Card Cartels Landed With $6.2 Billion Bill

Visa and Mastercard have run up the mother of all credit card bills. The monopolistic payment providers had been embroiled in a long-running lawsuit instigated by merchants protesting their excessive fees. The credit card giants have now conceded defeat and agreed to settle the price-fixing case for a whopping $6.2 billion. Also read: Raising the Dead: … Read more

Mt. Gox Victims Must Take Claims to Tokyo, Not US, Judge Rules

Since its implosion back in 2014, the Mt. Gox exchange hacks continue to loom large within the cryptocurrency ecosystem. The U.S. District Court for the Eastern District of Pennsylvania determined recently it does not have jurisdiction in a case involving Gox victims and a bank closely associated, in effect condemning victims to redress their grievances … Read more

Associations Challenging Crypto Ads Ban to Proceed with Lawsuit

Facebook’s recent decision to partially lift the ban on crypto ads will not stop a planned legal action against the measure. Crypto associations and businesses from several countries announced earlier this year their intentions to sue internet giants imposing such restrictions. The claimants want to proceed with filing the lawsuit, despite the policy update. Also … Read more

Lawsuit Brewing Against Crypto Exchanges in Japan Over Withheld Forked Coins

A class action lawsuit is being prepared by a group of lawyers in Japan over forked coins that cryptocurrency exchanges are not granting to their customers. Citing that these coins belong to the customers, the group seeks to change the business practices of crypto exchanges and obtain the forked coins for the plaintiffs. Also read: Yahoo! … Read more