One of the most massive cryptocurrency withdrawals recorded on Binance and Coinbase. This is the largest withdrawal flow since December last year amid the fallout from the collapse of the FTX exchange.
While the community has been sceptical of Craig Wright's claims to be Satoshi Nakamoto, he may now prove them wrong. The self-proclaimed Bitcoin creator wins a lawsuit for around 1,100,000 BTC, proving that he is the owner of the very first Bitcoins to be mined.
A trademark crypto-war is afoot in the United States District Court for the District of Columbia. Safex, a blockchain engine for ecommerce, won the first battle by successfully obtaining emergency relief which requires the defendants Safeth LTD., and its principals Joey “Crypto” Lathus and Cynthia Lathus to immediately stop using the Safex name and logo in connection with their competing cryptocurrency.
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).