Legal

Ripple CEO Hails Latest Court Ruling ‘a Big Win’ — Calls His Lawsuit Baseless Troll Attempt

June 22, 2024 Bitcoin.com

bitcoin.com

Ripple CEO Brad Garlinghouse says the latest court ruling on Ripple’s securities lawsuit “is a big win.” He stressed that “absolutely nothing in the decision negates or changes the fact that XRP is, in and of itself, not a security.” The Ripple executive slammed allegations of misleading statements about his XRP position, stating that the […]

Read more

Fantom Foundation Commits Over $144,000,000 in FTM to Sonic Labs Accelerator Program

Ripple Clarifies XRP Is Not a Security After New Court Ruling

June 21, 2024 Bitcoin.com

bitcoin.com

Ripple’s chief legal officer has clarified that a California district judge has dismissed all allegations that Ripple violated federal securities laws. He stressed that District Judge Analisa Torres’ ruling regarding the non-security status of XRP “stands undisturbed.” New York’s ‘Ruling That XRP Is Not a Security Stands Undisturbed’ Following the ruling by the U.S. District […]

Read more

Fantom Foundation Commits Over $144,000,000 in FTM to Sonic Labs Accelerator Program

Ripple Wins Partial Summary Judgment in Securities Lawsuit

June 21, 2024 Bitcoin.com

bitcoin.com

The U.S. District Court for the Northern District of California has issued an order granting in part and denying in part the motion for summary judgment in a lawsuit concerning allegations of securities law violations against Ripple Labs, XRP II, and Ripple CEO Brad Garlinghouse. Court Ruling on Ripple’s Securities Lawsuit The U.S. District Court […]

Read more

Fantom Foundation Commits Over $144,000,000 in FTM to Sonic Labs Accelerator Program

Unlicensed Crypto Business Leads to Indictments in Utah

June 20, 2024 Bitcoin.com

bitcoin.com

Two Utah residents have been indicted for operating an unlicensed money-transmitting business, converting over $2.5 million into cryptocurrency, according to the U.S. Department of Justice (DOJ). The two were arrested over the weekend in Washington County. Utah Men Arrested for Illegal Cryptocurrency Transactions The U.S. Department of Justice and the U.S. Attorney’s Office for the […]

Read more

Fantom Foundation Commits Over $144,000,000 in FTM to Sonic Labs Accelerator Program

US Charges Empire Market Operators in $430M Dark Web Scheme — They Face Maximum Sentence of Life in Prison

June 19, 2024 Bitcoin.com

bitcoin.com

The U.S. Homeland Security Investigations has charged two men for operating Empire Market, a dark web marketplace, facilitating $430 million in illegal transactions. The defendants face severe penalties, including life imprisonment. “During the investigation, federal law enforcement seized cryptocurrency valued at $75 million at the time of the seizures, as well as cash and precious […]

Read more

Fantom Foundation Commits Over $144,000,000 in FTM to Sonic Labs Accelerator Program

Multiple US States Have Revoked Binance US Crypto Licenses

June 18, 2024 Bitcoin.com

Binance

Multiple U.S. states have revoked or declined to renew Binance US money transmitter licenses due to compliance issues and legal troubles involving former CEO Changpeng Zhao (CZ). “North Dakota joins Alaska, Florida, Maine, North Carolina, and Oregon who have taken similar actions to revoke or deny the renewal of BAM Trading Services’ Money Transmission License,” […]

Read more

Fantom Foundation Commits Over $144,000,000 in FTM to Sonic Labs Accelerator Program

Indian Authority Cracks Down on Highrich Online’s Crypto Operations

June 16, 2024 Bitcoin.com

bitcoin.com

India’s Enforcement Directorate (ED) has conducted searches that uncovered a Ponzi scheme involving cryptocurrency operations and HR Crypto Coin, leading to significant asset seizures and freezing. The coins were part of the scheme, luring people to invest with promises of a 15% annual interest rate and offering 30% direct referral income for introducing new customers. […]

Read more

Fantom Foundation Commits Over $144,000,000 in FTM to Sonic Labs Accelerator Program

Nigeria Drops Tax Evasion Charges Against Binance Executives

June 14, 2024 Bitcoin.com

Biden Administration

Nigerian authorities dropped tax evasion charges against two Binance executives, Tigran Gambaryan and Nadeem Anjarwalla, after the cryptocurrency exchange appointed a local representative to represent it in ongoing court cases. Following the decision, Binance stated that it awaits the court’s complete discharge of the executives from the cases. Binance Appoints Local Representative On June 14, […]

Read more

Fantom Foundation Commits Over $144,000,000 in FTM to Sonic Labs Accelerator Program

Landmark Ruling: Crypto Dealings Not Illegal in India, Says High Court

June 14, 2024 Bitcoin.com

Bitcoin

The Orissa High Court in India ruled that cryptocurrency dealings are not illegal under Indian law. This decision arose from a case involving individuals accused of fraud through a Ponzi scheme. Justice Sasikanta Mishra clarified that cryptocurrency is not considered money under the Prize Chits and Money Circulation Schemes (Banning) Act or a deposit under […]

Read more

Fantom Foundation Commits Over $144,000,000 in FTM to Sonic Labs Accelerator Program

DOJ and FBI Unveil Charges Against 3 UK Nationals in NFT Rug Pull Scam

June 10, 2024 Bitcoin.com

Bitcoin

The U.S. Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) have unveiled charges against three UK nationals for a fraudulent non-fungible token (NFT) scheme involving “Evolved Apes,” promising a game development. “They allegedly took investor funds, never developed the game, and pocketed the proceeds.” US Charges 3 UK Nationals in NFT Rug […]

Read more

Fantom Foundation Commits Over $144,000,000 in FTM to Sonic Labs Accelerator Program