Longfin 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.
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Bogus 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.
Read moreArchaeologists Find Silver Treasure on German Baltic Island
Hundreds of 1,000-year-old silver coins, rings, pearls and bracelets linked to the era of Danish King Harald Gormsson have been found on the eastern German island of Ruegen in the Baltic Sea.
Read moreChase Bank Sued Over ‘Sky High’ Cryptocurrency Fees
Customers riding the cryptocurrency wave through Chase Bank claim in a class action that “new fees and sky-high interest rates” that accompanied the transactions violated truth-in-lending laws.
Read moreTexas Regulators Find Rampant Cryptocurrency Fraud
Texas securities regulators said they found widespread fraud in dozens of cryptocurrency offerings that were investigated, warning the public to learn how to identify safer investment options.
Read moreCryptocurrency Fallout
Longfin shares dropped by 86 percent on April 3, from $71.10 per share in late March, after the company announced that its acquisition of cryptocurrency lender Ziddu.com spurred a regulatory investigation that led to a court-imposed freeze on $27 million in illicit trading proceeds, investors claim in a federal class action.
Read moreRuble Plunges for 2nd Day Following US Sanctions
The ruble plunged for the second day in a row on Tuesday following fresh U.S. sanctions against Russia.
Read moreSEC v Cryptocurrency
The SEC on Friday unsealed a federal court order freezing $27 million from allegedly illegal sales of Longfin Corp. shares, a “purported cryptocurrency business,” and its CEO Venkata Meenavalli and two cronies.
Read more‘Initial Coin Offering’ Duped Folks for $32 Million, SEC Says
In the latest legal attacks on an “initial coin offering,” the SEC and criminal prosecutors on Monday charged two co-founders of an alleged financial services startup, Centra Tech, with defrauding investors of $32 million.
Read moreTrump Bans US Use of Venezuelan Cryptocurrency
The Trump administration on Monday banned all use by Americans of Venezuelan cryptocurrency, saying that its introduction is intended to skirt U.S. sanctions.
Read moreThailand to Draft Plans to Regulate and Tax Cryptocurrencies
Thailand’s cabinet agreed Tuesday to draft a law to oversee cryptocurrency trading, seeking to tax the largely unregulated market.
Read moreEU General Court Revives Trademark Bid for Currency Symbols
EU trademark authorities failed to justify their rejection of a proposed mark consisting of the euro and dollar-sign currency symbols, the European General Court ruled Thursday.
Read more‘Big Bitcoin Heist’: 2 Held Over Stolen Computers in Iceland
Some 600 computers used to “mine” bitcoin and other virtual currencies were stolen from data centers in Iceland in what police say is the biggest series of thefts ever in the North Atlantic nation.
Read moreGreece Eases Capital Controls Ahead of Bailout Exit
The Greek government has eased capital controls put in place during the summer of 2015 when the country’s future in the euro currency was in the balance.
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