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Tag Archives: Class

Tim Draper Off the Hook [For Now] in Tezos Class Action Lawsuit

Claims against venture capitalist Tim Draper and Bitcoin Suisse in a Tezos class action lawsuit have been dismissed. No Direct Control According to U.S. District Judge Richard Seeborg of the Northern District of California, the motions by Draper and Swiss-based crypto financial services company Bitcoin Suisse to dismiss them as defendants in the Tezos securities litigation case have been granted. ...

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Judge Advances Securities Class Action Against Tezos Token Creators

The husband and wife duo behind blockchain project Tezos have faced their latest setback in an ongoing securities class action against their $232 million Initial Coin Offering (ICO), according to a docket report published August 7. U.S. District Judge Richard Seeborg of the Northern District of California yesterday refused to dismiss plaintiff Arman Anvari’s suit against the defendants, which consolidates ...

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YouTube Added as Defendant in Class Action Lawsuit Against BitConnect

According to court documents filed July 3, YouTube has been added as a defendant in a class action lawsuit against BitConnect. The lawsuit was initially filed on January, 24 by six individuals represent by law firm Silver Miller. The claimants state that crypto investment platform BitConnect issued crypto tokens that were unregistered securities, and obtained additional funds through a “wide-ranging ...

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Bermuda to Create New Class of Bank for Serving Fintech and Blockchain Companies

The Government of Bermuda has announced plans to make amendments to the Banking Act in order to establish a new class of bank to render services to local fintech and blockchain organizations, Finextra reported July 2. Since local banks have reportedly declined to provide banking services to the new type of companies, being concerned about regulatory issues and potential risks, ...

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How Credit Will Change Crypto Forever and Bring Stability to a Burgeoning Asset Class

This is a paid-for submitted press release. CCN does not endorse, nor is responsible for any material included below and isn’t responsible for any damages or losses connected with any products or services mentioned in the press release. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the press release. The ...

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Cryptocurrency Is Emerging as a Mainstream Asset Class

Get exclusive fiat and cryptocurrency analysis on Hacked.com for just $39 per month. Click here now! As is often the case with disruptive tech, the early stages are filled with criticism and disdain. Entrenched industry players hold firm to old ways (remember Kodak and the digital camera revolution?). That has been a huge part of cryptocurrency’s history and still is, ...

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Class Action Lawsuit Against Ripple Alleges Sale Of Unregistered Securities

Law firm Taylor-Copeland law has filed a class action suit against Ripple Labs for the sale of unregistered securities, according to the official complaint filed yesterday, May 3. The lawsuit targets Ripple, its subsidiary XRP II, and Ripple CEO Brad Garlinghouse, alleging that Ripple’s sale of XRP tokens is a violation of U.S. securities laws. According to the complaint, the ...

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Nano Team Target of Cryptocurrency Class Action Lawsuit

A class action lawsuit has been filed against Nano and key members of its core team for allegedly violating federal securities law. In February 2018, the Italian cryptocurrency exchange BitGrail lost $170 million worth of the Nano currency “XRB” due to a “hack” which has now led to a class action lawsuit represented by the Silver Miller law firm. The ...

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Class Action Complaint Lodged Against Nano Developers

Join our community of 10 000 traders on Hacked.com for just $39 per month. The lead plaintiff, who is also suing Texas-based Nano the company, wants the developers to create a “rescue fork” to recover funds that were lost in a hack. The lawsuit seeks damages and equitable relief from the USD 170 million in Nano’s XRB token that was ...

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