XRP litigation update: Court grants Ripple and the SEC’s request for an extension
According to Judge Sarah Netburn, Ripple and the SEC were successful in their request to extend the time for expert discovery. It was initially brought to our attention by James K. Filan, who revealed that the court had also granted an extension for submitting pre-motion letters in connection with a summary judgment action. A deadline […]
Bitmart exchange requests restraining order against hackers from a New York Court
Bitmart’s owner has filed a request to prohibit Chinese hackers from selling forged Bitcoin SV (BSV) on its open market. According to a July 26 article, Bitmart’s owner, GBM Global Holdings , filed its bid with a federal judge in New York, despite the fraudulent operations taking place mostly outside of the state. Nonetheless, the […]
“Internal Revenue Service has no right to tax newly mined coins,” Couple tells court
According to a U.S crypto couple, Coins earned by mining have been “created” and are not taxable until sold. In a complaint filed to federal court, a Tennessee couple investing in crypto have claimed that coins gained by mining or staking are not taxable until sold. The Tennessee couple is seeking a refund from the […]