A federal judge is reportedly ruling that top US-based crypto exchange Coinbase must face a class action lawsuit in New York. According to a new report from Reuters, Paul Engelmayer, a judge for the Southern District of New York, is rejecting Coinbase’s argument that it did not qualify as a “statutory seller” to dismiss a […]
The post Judge Refuses To Dismiss Coinbase Class Action Lawsuit, Says Exchange Must Face Complaint in New York: Report appeared first on The Daily Hodl.
Burwick Law and Wolf Popper LLP have issued a cease-and-desist letter to Pump.fun, demanding the immediate removal of certain tokens deployed on the Solana-based platform that allegedly misuse their intellectual property (IP) and likenesses of their employees. Law Firms Demand Pump.fun Remove Tokens Impersonating Their Brand The law firms cited one specific token as a […]
The Consumer Financial Protection Bureau (CFPB) is filing a lawsuit against the ninth-largest bank in the US for allegedly misleading and cheating customers out of billions of dollars in interest. The CFPB alleges Capital One misled consumers into believing that its product known as “360 Savings” was offering the best and the highest interest rates […]
The post Capital One Sued by US Government, Accused of Cheating Millions of Customers out of $2,000,000,000 in Interest appeared first on The Daily Hodl.
Only 0.4% of the 14 million crypto wallets that have interacted with Pump.fun have made a profit of over $10,000 — indicating that Burwick’s client base may be in the millions.
A US crypto law firm says it is looking to launch legal action on behalf of investors who have suffered losses due to the Solana memecoin launchpad Pump.fun.
“Today, Burwick Law is announcing publicly that we are pursuing legal action on behalf of investors in pumpdotfun memecoins,” said Burwick Law in a Jan. 15 post on X.
Burwick said the move followed “months” of working with everyday people who lost “significant amounts of money” to memecoins, rug pulls, and unfulfilled promises on platforms like Pump.fun.
The Supreme Court has denied a petition to review a lower court decision that securities laws applied to Binance.
The US Supreme Court has declined to hear an appeal from crypto exchange Binance and its founder, Changpeng “CZ” Zhao, regarding a class-action lawsuit by investors who alleged the exchange illegally sold unregistered tokens that lost significant value.
On Jan. 13, the Supreme Court of the United States denied a petition to review a lower court ruling that US securities laws applied to the crypto exchange, even though it doesn’t have a physical headquarters in America.
In March, a lower court ruled the case could proceed because token purchases were finalized in the US and transactions took place on US servers, despite Binance not being an American company.
A prominent nonprofit crypto advocacy group is filing a lawsuit to dispute new reporting rules for decentralized finance (DeFi) brokers. In a new press release, the Blockchain Association says the “midnight” decision by the Internal Revenue Service (IRS) and the Treasury Department to force DeFi protocols to follow the same reporting rules as securities brokers […]
The post Blockchain Association Files Suit To Challenge IRS and Treasury Department’s DeFi Broker ‘Midnight’ Rulemaking appeared first on The Daily Hodl.
The Blockchain Association, the Defi Education Fund, and the Texas Blockchain Council are preparing to fight back against the recently finalized so-called crypto ‘broker’ rules issued by the Treasury and the IRS. The coalition asserts that these rules are unconstitutional and represent regulatory overreach by these agencies. Crypto Coalition Files Lawsuit to Push Against IRS […]
A 22-year-old social media influencer accused of pulling a crypto rug pull scam says she’s ready to cooperate and uncover the truth after a class action lawsuit was filed against her. In a new thread on the social media platform X, Haliey Welch – known as the “Hawk Tuah” girl after a clip of her […]
The post Haliey Welch Says She’s Ready To Cooperate and Uncover Truth After HAWK Investors File Lawsuit Against Project appeared first on The Daily Hodl.
Top US-based crypto exchange platform Coinbase is removing support for Wrapped Bitcoin (wBTC) as the crypto king crashes below six figures. In a new thread on the social media platform X, Coinbase Assets says it has disabled trading services for wBTC, the tokenized representation of Bitcoin (BTC) on the Ethereum (ETH) blockchain, as the digital […]
The post Coinbase Withdraws Support for Wrapped Bitcoin (wBTC) As BTC Careens Below $100,000 appeared first on The Daily Hodl.
Investors who bought the token that “Hawk Tuah” meme star Haliey Welch launched earlier this month are taking legal action against the people behind the project. The price of Welch’s Solana (SOL)-based memecoin HAWK surged shortly after it went live earlier this month, but the token lost more than 95% of its value a few […]
The post Law Firm Files Federal Suit on Behalf of Investors Who Bought Haliey Welch’s Ill-Fated HAWK Memecoin appeared first on The Daily Hodl.
