Category: court case

Billion Dollar Bitcoin Lawsuit Continues as Craig Wright Breaks Settlement

In early September, the high-profile court case Kleiman v. Wright looked as though it was coming to an end as the two parties reached a non-binding settlement. Then on October 30, without much notice, Wright explained that he couldn’t finance the settlement and the agreement was broken. Now the trial will start again and the […]

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Indian Supreme Court Postpones Crypto Case to November

Indian Supreme Court Postpones Crypto Case to NovemberThe Supreme Court of India on Tuesday once again postponed hearing the case against the crypto banking restrictions by the Reserve Bank of India (RBI). The central bank has replied to crypto exchanges’ representation as directed by the court, which was supposed to resume hearing the case today. Also read: RBI Ban Stops Indian Police […]

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Court Instructs Craig Wright to Distribute Billions to Plaintiffs

Court Ruling Instructs Self-Styled Satoshi to Distribute Billions to PlaintiffsOn August 26, the self-proclaimed Bitcoin inventor, Craig Wright, was ordered by Southern District Court of Florida to distribute half of his BTC holdings and intellectual property assets from prior to 2014. According to the Kleiman estate attorney Vel Freedman, the family has waited a long time for the ruling and they believe things are […]

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RBI’s Power Over Crypto Challenged at Length in Indian Supreme Court Today

RBI’s Power Over Crypto Challenged at Length in Supreme Court TodayThe Indian supreme court resumed hearing the writ petitions against the banking restriction by the central bank, the Reserve Bank of India (RBI), on Wednesday. Many issues were discussed, ranging from the legality of the RBI action to the classification of crypto assets and how each country regulates them. Also read: India to Introduce Crypto […]

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Israeli Court Rules Bitcoin Is an Asset

Israeli Court Rules Bitcoin Is an AssetAn Israeli court has ruled that bitcoin is an asset, confirming the central bank’s stance. The case involves the country’s tax authority and the founder of a blockchain startup who argues that profits from the sale of cryptocurrency should be tax-free. The court has ruled in favor of the tax authority, endorsing the central bank’s […]

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Jeff Garzik Subpoenaed in Kleiman Bitcoin Lawsuit Against Craig Wright

Jeff Garzik Subpoenaed in the Kleiman Bitcoin Lawsuit Against Craig WrightOn March 15, well-known Bitcoin developer Jeff Garzik revealed he was subpoenaed by the U.S. District Court of Southern Florida in the infamous Kleiman vs Wright bitcoin lawsuit. The Kleiman family is suing the self-proclaimed Satoshi for roughly 300,000 BTC and Garzik has been served by the court and asked to submit assorted documents and […]

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Court Reconsiders Ruling After SEC Proves Blockvest Tokens Are Securities

Court Reconsiders Ruling After SEC Proves Blockvest Tokens Are SecuritiesAfter failing to convince a federal court regarding the nature of Blockvest tokens in the previous hearing, the U.S. Securities and Exchange Commission (SEC) has finally convinced the same judge that these tokens are securities. The agency alleges that the firm and its founder made several false claims regarding their token’s regulatory status. Also read: SEC […]

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Drug Dealer Fights to Prevent Canadian Police From Forfeiting His BTC

Drug Dealer Fights to Prevent Canadian Police From Forfeiting His BTCA Canadian online drug dealer, snared by an undercover police agent on the dark web, is pleading to be allowed to keep half of the 288 bitcoins that police seized from him as proceeds of crime. With prosecutors seeking a court order to forfeit the crypto stash, worth CAD$1.4 million (US$1.1 million), the 30 year-old […]

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Indian Supreme Court Pushes Crypto Case Against RBI to End of February

Indian Supreme Court Pushes Crypto Case Against RBI to End of FebruaryThe case against the crypto banking ban by the Reserve Bank of India (RBI) was unexpectedly heard at the country’s supreme court on Thursday. However, senior advocates for the parties were reportedly absent, so a new date has been set and the crypto case will be “top of the list” on that date. Also read: Indian […]

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Phillip Frost Agrees to Settle Riot Blockchain Related Case for $5.5 Million

Phillip Frost Agrees to Settle Riot Blockchain Related Case for $5.5 MillionRiot Blockchain, Inc. replaced its CEO in September after the SEC charged him in connection with a fraudulent $27 million pump and dump scheme. Now another person involved in that case, biotech billionaire Phillip Frost, has agreed to pay $5.5 million to settle the charges. Also Read: The Daily: Best Selling Authors Introduce Bitcoin to […]

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Judge Denies Craig Wright’s Motion to Dismiss Billion-Dollar Bitcoin Lawsuit

Judge Denies Craig Wright's Motion to Dismiss Billion-Dollar Bitcoin LawsuitOn Dec. 27, court documents from the case against the Nchain chief scientist, Craig Wright, explained a large portion of his recent dismissal motions were found “not warranted” and were denied. Wright is being sued for 1.1 million BTC in a legal case in Florida that alleges he manipulated David Kleiman’s family. Also Read: Many Self-Proclaimed […]

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Korean Court Case Alleges Government’s ICO Ban Is Unconstitutional

Korean Court Case Alleges Government's ICO Ban Is UnconstitutionalA constitutional complaint has reportedly been filed in South Korea alleging that the government’s ban on initial coin offerings is unconstitutional. It has been more than a year since token sales were banned in the country but the government has yet to introduce any regulations for them, causing problems for startups. Also read: Indian Supreme Court […]

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SEC Fails to Show Court Blockvest Tokens Are Securities

SEC Fails to Show Court Blockvest Tokens Are SecuritiesA U.S. district judge has denied the motion filed by the Securities and Exchange Commission (SEC) against cryptocurrency company Blockvest and its founder. The SEC failed to show the court that Blockvest’s tokens are securities. The company has set up a fictitious regulatory agency and claimed its ICO is endorsed by three different U.S. regulators. Also […]

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Trial Begins: Bitcoin Exchange Accused of Wrongfully Reversing Trades

Trial Begins: Bitcoin Exchange Accused of Wrongfully Reversing TradesThe trial over alleged wrongful reversals of seven bitcoin trades that occurred last year has reportedly begun in Singapore. Cryptocurrency exchange Quoine has been sued by a market maker. The plaintiff is seeking to recover 3,085 BTC from the exchange. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Plaintiff Seeks 3,085 BTC The trial […]

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Indian Government Expects to Finalize Cryptocurrency Bill Next Month

Indian Government Expects to Finalize Cryptocurrency Bill Next MonthThe Indian government has reportedly filed an affidavit with the country’s supreme court detailing its progress on cryptocurrency regulations. “Serious efforts are going on” to prepare the draft crypto bill and report, the government explained. The two are expected to be discussed by the inter-ministerial committee by next month. Also read: Yahoo! Japan Confirms Entrance Into […]

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Greek Court Accused of Violating the Rights of Alleged Btc-e Operator, Postpones Hearing

Greek Court Accused of Violating the Rights of Btc-e's Vinnik, Postpones HearingThe judges at the Greek supreme court have been accused of violating Alexander Vinnik’s rights. The alleged Btc-e operator has been detained in Greece since July last year. The hearing against his extradition to France has also reportedly been postponed. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Rights Violation Alexander Vinnik, who allegedly […]

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Church Mining Cryptocurrency Told to Pay Higher Electricity Rates

Church Mining Cryptocurrency Told to Pay Higher Electricity RatesThe outcome of a court case in Russia may affect the popular practice of cryptocurrency mining in basements and garages. According to a recent ruling, a church in Irkutsk must pay higher electricity rates for installing and running mining hardware on its premises. ‘Grace’, the religious organization of the local evangelical community, has been taking […]

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Korean Crypto Exchange Sued for Controversial Token Schemes

Korean Crypto Exchange Sued for Controversial Token SchemesA lawsuit has reportedly been filed in South Korea against a local cryptocurrency exchange over its price-pumping schemes involving token issuance. The suit alleges that Cashierest’s token which pays dividends and rebates transaction fees to investors violates the country’s capital markets law. Also read: 160 Crypto Exchanges Seek to Enter Japanese Market, Regulator Reveals The Lawsuit South […]

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US Regulator’s Power Over Crypto Challenged in Court

US Regulator's Power Over Crypto Challenged in CourtThe US Commodity Futures Trading Commission (CFTC) is being challenged in court over its oversight of cryptocurrencies. The defendants argue that their tokens are not commodities, with no futures contracts, which the CFTC regulates. The outcome of this case could affect the Commission’s ability to police all future crypto frauds. Also read: Yahoo! Japan Confirms Entrance […]

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Russian Court and Customs Prevent Import of Crypto Mining Equipment

Russian Court and Customs Prevent Import of Mining EquipmentA Russian cryptocurrency miner got into trouble with the customs office when trying to import mining equipment purchased online for personal use. After an appeal, the court sided with the customs office and barred the import of the mining equipment. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Importing Crypto Mining Equipment The Russian […]

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Chilean Bank Reopens Accounts of Cryptocurrency Exchanges

Chilean Bank Reopens Accounts of Cryptocurrency ExchangesFollowing the court order for three major banks in Chile to reopen current accounts of crypto exchanges, Cryptomkt and Buda.com, one bank has complied. Bancoestado has reportedly made arrangements to open an account for Cryptomkt exchange, which expects to resume cryptocurrency transactions in the coming days. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space […]

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