Facebook in court over Libra trademark infringement, with the plaintiff alleging that Libra’s three waves logo is a recycled design. Finco Services of Delaware has initiated a lawsuit against Facebook in a New York court, Oct.10, over the swirly tilde logo Facebook uses for its Libra token. The plaintiff is also suing its former designer, […]
Continue Reading
The Japan Security Token Offering Association comes at a time when the industry is looking for clarity, self-regulating is the next step. Security token offerings, or STOs, have more or less taken the mantle from their semi-defunct counterpart, the initial coin offering (ICO). Still, the extreme rise and subsequent fall of the ICO has left […]
Continue Reading
A New York-based legal firm filed a class-action suit against Tether and Bitfinex, accusing the firms of crypto market manipulation. A New York-based legal firm has filed a lawsuit against Tether and Bitfinex, accusing them of cryptocurrency market manipulation. “Largest bubble in history” Roche Freedman filed a class-action suit claiming that stablecoin firm Tether and […]
Continue Reading
In an open letter to other investors, Sonic Zhang says Bankorus’ co-founder has revealed that the firm is all but bankrupt. The largest shareholder in Overstock-funded blockchain wealth management startup Bankorus has claimed that the firm has no money left. In a statement issued on Oct. 6, Sonic Zhang said that previous funding deals for […]
Continue Reading
Cryptocurrency exchanges Bitfinex and EOSFinex announce that they successfully “chainswapped” 5 million USDT onto the EOS protocol. Cryptocurrency exchange Bitfinex in conjunction with EOSFinex, its decentralized trading platform, have announced that they had successfully completed a “chainswap” to convert $5 million worth of Tether (USDT) stablecoins onto the EOS blockchain protocol. According to a press […]
Continue Reading
Several Brazilian cryptocurrency firms are under investigation in Cointelegraph’s weekly digest of news from the country. Brazil saw another week of reports on alleged cryptocurrency scams as the Sao Paulo Court ordered to block the assets managed by Unick Forex, while another firm was reported of promising 400% returns through a cryptocurrency investment scheme. Here […]
Continue Reading
Stablecoins backed by fiat money — what is their goal and which ones do investors prefer and for what uses? Stablecoins attempt to be fiat currencies among cryptos. They can be a medium of exchange, a means of storing value and a unit of account. Unlike other digital coins, stablecoins are tied to some kind […]
Continue Reading
Tether and its affiliate exchange Bitfinex announce that they are prepared to fight lawsuits alleging that USDT is involved in market manipulation. Stablecoin firm Tether and its affiliate exchange Bitfinex anticipate a lawsuit alleging that Tether token (USDT) is involved in market manipulation as the result of an unpublished paper. Tether and Bitfinex to defend […]
Continue Reading
Mt. Gox’s rehabilitation trustee has contacted the United States Department of Justice in search of information about the alleged former BTC-e operator Alexander Vinnik. Nobuaki Kobayashi, trustee of the now-defunct Bitcoin (BTC) exchange Mt. Gox, has contacted the United States Department of Justice (DOJ) in search of information about Alexander Vinnik, the alleged former operator […]
Continue Reading
Executives from the Bank of Ireland have been asked to testify in the case of a OneCoin crypto scam money launderer. Executives at the Bank of Ireland (BOI) could join a trial in the case against Mark Scott, who allegedly helped launder nearly $400 million via cryptocurrency scam scheme OneCoin. Four BOI witnesses to testify […]
Continue Reading