Securities Fraud
The SEC and the CFTC sued Michael W. Ackerman, of Sheffield Lake, Ohio, in separate but similar federal complaints, claiming he ran a $33 million securities fraud in cryptocurrencies.
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‘Fortnite’ Creator Ducks Bulk of Boy’s Suit Over In-App Purchases
It doesn’t take long for anyone who has ever played a free online video game to realize that those games do cost money – sometimes a lot. This is why video game companies eventually came up with the idea to call them “free to play,” denoting that there will at some point come a time when the user is compelled to pull out their credit card.
Read moreCryptocurrency Scam
A family claims Daniel F. Putnam and Angel A. Rodriguez, both of Utah, took them for $7.3 million in a cryptocurrency scam, through their companies R&D Global LLC dba Bitzolkin dba Eyelinebtc dba Bzlogin dba GMM dba Eyeline Business Development, in federal court.
Read moreUS Clears China of Currency Manipulation
The Trump administration is dropping its designation of China as a currency manipulator in advance of the Wednesday signing of a Phase 1 U.S.-China trade agreement.
Read moreBitcoin
A federal class claims that Ifinex, Tether Holdings, et al. manipulated the price of bitcoins and their derivatives.
Read moreBlockchain
Blockchain of Things will pay $250,000 and must return money to investors who demand it for its nearly $13 million “initial coin offering,” the SEC said.
Read moreUS Charges 4 With Running $722M Cryptocurrency Scam
Federal prosecutors unsealed an indictment Tuesday charging four men whose cryptocurrency mining operation operated as a “high-tech Ponzi scheme” that bilked investors out of $722 million.
Read moreBitcoin Scam
An investor claims in federal court that Worldwide Cryptocurrency Investments, of Los Angeles; Nickelbex, of Hong Kong; Edward Corpus Reyes, of Los Angeles; and Alfred Anthony Talahuron, of Temecula, Calif., owe him $10 million from a bitcoin scam.
Read moreHouse Lays Into Zuckerberg on Facebook Currency Project
Struggling to soothe antitrust and privacy concerns over the wallet app designed for Facebook’s digital currency Libra, CEO Mark Zuckerberg found few friendly faces Wednesday at a hearing of the House Financial Services Committee.
Read more$200 Million Fraud
The Commodity Futures Trading Commission brought a federal complaint against Rust Rare Coin, saying it defrauded people of $200 million in bogus silver investments.
Read moreCryptocurrency
A federal class action claims that Ifinex, Tether Holdings, et al. pushed a fraudulent cryptocurrency scheme that was “part fraud, part pump-and-dump, and part money laundering.”
Read moreRussian Man Sues Apple for ‘Turning Him Gay’
A Russian man has filed a lawsuit against Apple for moral harm claiming that an iPhone app had turned him gay, according to a copy of the complaint seen by AFP.
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NY Stock Exchange Parent Company Introduces Bitcoin
The parent company of the New York Stock Exchange on Sunday began offering investors the option to trade Bitcoin, giving the pioneer cryptocurrency mainstream recognition.
Read moreFrance Will Block Development of Facebook Libra Cryptocurrency
France warned Thursday it will block development of Facebook’s planned Libra cryptocurrency in Europe because it threatens the “monetary sovereignty” of governments.
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Pound Slides on Brexit, to Lowest Close Since 1985
The pound dropped Tuesday to its lowest level against the dollar since 1985, excluding a brief “flash crash” in 2016 that may have been caused by technical glitches, as international investors fret over a political showdown over Brexit this week.
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China’s Yuan Weakens but Signs of Stability Calm Markets
China’s currency weakened again Wednesday after hopes among financial traders that its decline was stabilizing helped to calm jittery global markets.
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World Stocks Sink as Trade War Worsens
Asian stocks followed Wall Street lower on Tuesday after China let its currency sink and halted purchases of U.S. farm goods, fueling fears Beijing’s trade war with President Donald Trump will harm the global economy.
Read moreChase Bank
A federal judge refused to dismiss class claims that Chase Bank improperly classified the acquisition of cryptocurrency as “cash advances” to charge higher fees.
Read moreCryptocurrency Investor Gets Second Chance to Show AT&T Liability in $24M Hack
A federal judge in California has given a cryptocurrency entrepreneur another shot to make his case that AT&T’s negligence allowed hackers to steal $24 million in digital currency.
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