Chinese Investor Sues OKCoin over Bitcoin Cash from Last Year’s Hard Fork

A Chinese investor has filed a lawsuit against cryptocurrency exchange OKCoin regarding more than 38 bitcoin cash that he claims the platform failed to distribute to him following last year’s hard fork, according to a charge sheet on LegalWeekly. The plaintiff, known only by the pseudonym Feng Bin, claims he was expecting to get the

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India’s Central Bank Spells Out Crypto Objections as Panel Readies Regulations

The Reserve Bank of India (RBI), which admitted last month that it clamped down on cryptocurrencies without much discussion, has expanded on its objections, as a government panel considers a draft of regulations. The central bank instructed banks in April to close cryptocurrency accounts in the first week of July. The concerns include the currencies’

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Trump Task Force to Fight Financial Crimes Includes Cryptocurrencies

President Donald Trump has ordered the U.S. Attorney General to develop a Department of Justice task force on market integrity and consumer fraud that would include crimes involving cryptocurrencies. The executive order specifically mentions digital currency as an area to be investigated and, where necessary, prosecuted. The task force replaces the Financial Fraud Enforcement Task

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Breaking: Supreme Court Denies Silk Road Founder Ross Ulbricht’s Petition to Review Life Sentence

The U.S. Supreme Court has denied Ross Ulbricht’s petition for writ of certiorari, preventing the Silk Road operator from appealing his life sentence before the high court. The Court on Thursday included Ulbricht v. United States in a list of 19 certiorari denied by the court, apparently bringing Ulbricht’s legal saga to what supporters have

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U.S. Lawmakers Call to Halt Crypto Use In Facilitating Illicit Activities

The U.S. House of Representatives has passed a bill requiring the Comptroller General of the United States to propose laws and regulations to put an end to drug and sex trafficking after examining how cryptocurrencies and online marketplaces facilitate these activities. The bill, H.R. 6069, sponsored by Rep. Juan Vargas, is titled, “Fight Illicit Networks

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Breaking: Mt. Gox Case Moved to Civil Rehabilitation, Creditors May Be Paid in Crypto

Creditors holding bitcoins at infamous cryptocurrency exchange Mt. Gox may recover their funds, after all, a court has ruled. According to a document posted on the Mt. Gox website, the Tokyo District Court on Friday approved a petition to move the company out of criminal bankruptcy and into civil rehabilitation. The exchange, as CCN reported,

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Bitcoin Makes Historic First Appearance in US Supreme Court Opinion

Thursday marked a historic day for bitcoin, as the flagship cryptocurrency made its first appearance in an opinion published by the US Supreme Court. The case, Wisconsin Central Ltd. v. United States, did not involve bitcoin’s regulatory or legal status. Rather, it examined whether employee stock options represent taxable compensation under the Railroad Retirement Tax

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Coinbase Sends Cease-and-Desist Letter to Startup Tokenizing Its Shares

Privately-held industry giant Coinbase has sent a cease-and-desist letter to cryptocurrency startup Swarm for the latter’s attempt to tokenize and sell the San Francisco cryptocurrency exchange operator’s shares. A Swarm spokesperson confirmed to CCN that the company had received a cease-and-desist letter from Coinbase but expressed optimism that the attempt to thwart Swarm’s plan would

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Korea’s Supreme Court Orders Seizure of $1.4 Million in Bitcoin in Criminal Case

South Korean authorities are cleared to confiscate 191 bitcoins, about $1.43 million, from the operator of a child pornography website in addition to a prison sentence and a penalty. In a ruling on Wednesday, South Korea’s Supreme Court said that cryptocurrency can be deemed a forfeitable asset in a criminal prosecution, Yonhap News reports. In

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UK Company Acquires ‘Bitcoin’ Trademark, Allegedly Threatens Etsy Store over BTC-themed Items

A UK company has acquired the trademark for “Bitcoin” and has allegedly threatened to bring a lawsuit against a small business that sells bitcoin-themed shirts. The business owner shared their plight on the Bitcoin subreddit, explaining that today, May 25, they received a letter from a company claiming to own the UK trademark for “Bitcoin.”

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