legal

Identity Thief Spends $5 Million on Cloud Computing to Mine Cryptocurrency

Singaporean citizen Ho Jun Jia has been indicted for stealing over $5 million worth of cloud computing services to mine…

Facebook’s Calibra Sued By Mobile Banking App Over Similar Logos

The complaint alleges the Calibra logo is too similar to Current’s, which the fintech firm has been using since August…

SEC, CFTC, FinCEN Warn Crypto Industry to Follow US Banking Laws

The heads of three U.S. financial regulators warned the crypto industry to abide by banking laws in a joint statement…

Bitfinex Doesn’t Have to Compile Documents During Appeal, Judge Says

A New York judge has rejected the state attorney general's request to have Bitfinex and Tether compile documents about a…

London Stock Exchange-Backed Nivaura Hires Senior HSBC Banker

LSE-backed Nivaura hired a senior HSBC banker to boost adoption of the London-based fintech's blockchain process for capital markets legal…

Crypto Traders’ Lawsuit Claims Bitfinex, Tether Cost Market Over $1 Trillion

Bitfinex and sister company Tether caused more than $1 trillion in damages to the crypto market, a new lawsuit claims.…

Missouri Watchdog Hits Unregistered Crypto Brokerage With Cease and Desist

St. Louis-based Mavixbtc allegedly promised 55-percent returns and falsely claimed to be registered with two watchdog organizations. Source: CoinDesk.com

Longfin Must Pay $6.8 Million After Court Backs SEC Fraud Complaint

A New York court has backed charges brought by the SEC that the fintech firm committed fraud relating to its…

Uzbekistan Plans Massive Hike in Electricity Prices for Crypto Miners

A new bill from Uzbekistan's Ministry of Energy would triple the price of power for miners, raising fears it could…

Overstock, Patrick Byrne Hit With Class Action Over ‘Market Manipulation’

An investor has launched a class action against Overstock and two former execs, claiming securities violations involving the firm's digital…

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