Britannia Financial Reportedly Faces Lawsuit Over $1B Deposit
Britannia Financial, Tether’s Bank Partner, is being sued on suspicion that it neglected to remit the complete value of revenue-generating assets purportedly associated with a $1 billion deposit from Tether. Arbitral International, a British Virgin Islands-based company, has filed suit against Britannia regarding a $1 billion deposit from Tether, according to court documents filed with […]
Tether’s $1 Billion Deposit at Stake in London Court Case
Tether, the issuer of the world’s largest stablecoin, has deposited over $1 billion with a subsidiary of Britannia Financial, a global investment bank. The funds are now involved in a legal dispute between Britannia and another firm, Arbitral International, in London’s High Court. Tether’s USDT token is widely used in the crypto market as a […]
Bitcoin Magazine Defies Federal Reserve Over FedNow Trademark
Bitcoin Magazine faces allegations of trademark infringement from the Federal Reserve over its use of ‘FedNow’ on its merchandise. The magazine claims it is a form of political criticism and free speech. Bitcoin Magazine, a leading source of news and commentary on Bitcoin and the cryptocurrency industry, has received a cease-and-desist letter from the Federal […]
Meta Faces Lawsuit from Americans Over Child Safety
A coalition of 34 American states has filed a lawsuit against the social media giant Meta, accusing Facebook and Instagram of improperly manipulating juveniles who use their platforms. This development coincides with accelerated advances in text and generative artificial intelligence (AI). Legal representatives from several states, including California, New York, Ohio, South Dakota, Virginia, and […]
Binance Files for Dismissal of CFTC Lawsuit
Binance crypto exchange and its CEO, Changpeng “CZ” Zhao, are once again challenging the Commodity Futures Trading Commission (CFTC) of the United States. They have filed documents seeking dismissal of a lawsuit filed by the regulator in March. Binance’s attorneys questioned the CFTC’s global regulatory scope in a 23 October filing with the U.S. District […]