Bitcoin Fraud
A federal judge refused Wednesday to dismiss a complaint against My Big Coin Buy, which the Commodity Futures Trading Commission claims is selling a fraudulent virtual currency that “is not a ‘commodity.’”
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UK Lawmakers: ‘Wild West’ Cryptocurrencies Need Regulation
British lawmakers have backed calls for greater regulation of cryptocurrencies such as bitcoin in order to bring an element of control to a market that more resembles the “Wild West.”
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The SEC has suspended the trading in securities of Bitcoin Tracker One (CXBTF) and Ether Tracker One (CETHF), until 11:59 p.m., EDT, on Sept. 20.
Read moreThai Police Extend Probe Into Bilking of Bitcoins From Finn
Thai authorities this week are expected to step up their investigation of a financial scam involving the alleged theft of about $25 million worth of bitcoins from a Finnish investor who police say was bilked with promises of high returns from investments in a casino in Macau and in another cryptocurrency.
Read moreUS Threatens More Sanctions, Keeping Alive Turkish Crisis
Turkey and the United States exchanged new threats of sanctions Friday, keeping alive a diplomatic and financial crisis that is threatening the economic stability of the NATO country.
Read moreTurkish Lira Rebounds After Qatar Pledges $15 Billion
The Turkish lira continued to rebound from record losses on Thursday a day after Qatar pledged $15 billion in investments to help Turkey’s economy.
Read moreTurkey’s Erdogan Vows US Boycott, but Diplomats Resume Talks
Turkey’s president appeared to escalate a dispute with the United States that has helped foment a Turkish currency crisis, claiming Tuesday that his country will boycott U.S.-made electronic goods. Behind the scenes, however, diplomats resumed contact to ease tensions.
Read moreIndian Rupee Falls to All-Time Low Against Dollar
The Indian rupee fell to an all-time low Tuesday against the U.S. dollar amid worries that Turkey’s growing financial crisis could spread to other developing-world economies.
Read moreTurkey Shaken by Financial Fears, Trump Rattles It Further
The Turkish currency plunged on Friday, raising questions about the country’s financial stability, as investors worried about the president’s unorthodox economic policies and a dispute with the United States that has led to sanctions.
Read moreJudge Advances Cryptocurrency Class Action
In a case involving novel issues of whether digital currency investments are subject to U.S. securities laws, a federal judge on Tuesday advanced a class action against a husband and wife team that raised $232 million for a new cryptocurrency.
Read moreJudge Hears Debate on Legal Questions of Cryptocurrency
Wading into uncharted territory, a federal judge hinted Wednesday that he may advance a class action seeking to hold the creators of a new cryptocurrency liable for violating U.S. securities laws.
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Crytopcurrency Firm Failed to Register Offerings With SEC, Class Claims
(CN) – Shareholders claim in a class action that Ripple Labs Inc. and its subsidiary, XRP II LLP, sold unregistered
Read moreLongfin Crashes
Longfin shares crashed from $71.10 to $5.05 this year, and the cryptocurrency was booted from the NASDAQ, shareholders claim in a federal class action.
Read moreBogus Coin Offering
A federal judge awarded the SEC emergency relief Tuesday against a so-called Initial Coin Offering by Titanium Blockchain Infrastructure Services that has already raised $21 million.
Read moreTurkish Currency Hits Record Low Amid Erdogan Concerns
Turkey’s currency has fallen to a record low against the dollar amid concerns about an outflow of investor capital and the country’s ability to manage the situation.
Read moreEU Magistrate Urges New Look at Hungary Consumer Laws
A couple saddled with burdensome loan payments because of currency fluctuations curried favor Thursday with a magistrate for Europe’s top court.
Read moreBrexit Pushes European Dairy Giant to Make Cuts
A major European dairy cooperative says that currency swings caused by Brexit are among the reasons it has to cut costs by over $495 million over the next three years.
Read moreIceland: Bitcoin Heist Suspect Has Likely Fled to Sweden
A man suspected of masterminding the theft of about 600 computers used to mine bitcoins and other virtual currencies has likely fled to Sweden after breaking out of a prison in Iceland, officials said Wednesday.
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