Court Denies bail for Binance exec despite health concerns
A Nigerian court has denied the parole application of Binance executive Tigran Gambaryan, who relied on health concerns. The court directed the prison to refer him to a hospital for treatment. Bloomberg reports that on October 11, Judge Emeka Nwite of Nigeria’s Federal High Court in Abuja denied Gambaryan’s parole application. According to reports, Nwite […]
Bitnomial Sues SEC Over XRP Security Claim
Bitnomial has sued the SEC, alleging it overstepped by classifying XRP as a security. Bitnomial, a cryptocurrency exchange, has filed a lawsuit against the United States Securities and Exchange Commission and its five commissioners, alleging that the agency has “overextended its jurisdiction over digital assets” by asserting that XRP is a security. In the lawsuit […]
WazirX to Meet Conditions During 4 Month Moratorium
WazirX’s founder, Nischal Shetty expressed gratitude for the court’s decision, emphasizing the need for a fair and legally binding resolution process. A Singapore High Court has imposed a number of requirements on the WazirX exchange following the granting of a four-month moratorium. The moratorium application’s approval paves the way for the exchange to devise a […]
US SEC Wins as Judge Rules Crypto ‘Boxes’ as Securities
US SEC has accused Green United of running a fraudulent operation by raising $18 million from investors through the sale of these devices. The Securities and Exchange Commission (SEC) has been successful in having a federal court in the United States of America rule that cryptocurrency mining machines are securities. The Securities and Exchange Commission […]
US Judge Fines Man $36M for 5 Year Crypto Fraud
A US Judge has fined William Koo Ichioka $36 million for defrauding cryptocurrency investors by falsely promising high returns. A federal court judge fined a New York resident $36 million for allegedly defrauding cryptocurrency investors by falsely promising high returns and then using the money to support his lavish lifestyle. US Judge Fines William Ichioka […]