Facebook still faces problems before the launch of their Libra coin. Right after rebranding its Libra Foundation to The Diem Association, the company faces a lawsuit from a startup with an identical name.
On April 29, Ripple’s Chief Technology Officer David Schwartz brought to public awareness that YouTube decided to suspend his active channel. All other crypto channels are facing uncertain times as YouTube is determinedly following the plan to remove all content violating community rules.
American attorney Mark Scott, who used to work for one of the biggest digital currency Ponzi schemes, OneCoin, is now trying to get an exoneration just three months after his conviction by a U.S court of illicit operations, money laundering and scams.
Ripple Labs, based in San Francisco, has now consolidated its lawsuits that are still ongoing into one tractable federal action. This effort has been dubbed "tactical brilliance" and "slick" by Jake Chervinsky, Securities litigation attorney, Kobre & Kim. It now meets all the necessary requirements that are specified under the U.S. Class Action Fairness Act (CAFA).
Following the rumour from Ran Neuner, a Crypto Trader Show host at CNBC disclosing its initial public offering, the US-based crypto exchange got some good news in relation to the 2017 allegation over insider trading.
Fraudulent Facebook Crypto Ads have scammed users out of thousands and ruined lives. The English millionaire - who made his dollars off consumer advice - Martin Lewis has started suing Facebook in court over these Ads selling off his highly trusted name. He revealed he has been told incidences of people's savings being entirely rubbed from their lives and leaving others in despair.
Having acquired a trademark for “Bitcoin” in April this year, UK firm A.B.C. IPHoldings South West LLC started to threaten a small seller of bitcoin-themed t-shirts on Etsy with a lawsuit. As CCN reported on May 25, the business owner published the claim letter on his Reddit profile.
The Reserve bank of Zimbabwe (RBZ) issued rules of thumb in a circular on May 13 that detailed that all cryptocurrency activities carried out in the country were being stopped. The RBZ went ahead and indicated that all domestic digital currency operations were given the maximum of two months to begin complaining. RBZ is now facing a lawsuit from a giant cryptocurrency exchange.