This Week in Bitcoin Courtroom Drama

Written by:
Guest
Published on:
Mar/05/2018

Get your popcorn at the ready as we prepare to chew over the highlights from This Week in Bitcoin and a series of potential courtroom dramas unfolding. Scroll Down for More

The biggest winners in cryptocurrency this week seem to be the lawyers, Bitcoin.com News suggests – unless you’re one of the attorneys the SEC is reportedly chasing for issuing dubious advice to ICOs. The number of crypto startups subpoenaed by the SEC could be anywhere from a dozen to 80 depending on who you believe.

Techcrunch founder Michael Arrington is confirmed to be one of the lucky winners of an SEC subpoena.

Also on the SEC front, Poloniex exchange is being bought by Circle – possibly with the approval of the SEC, if the contents of a leaked slide from a Circle employee is accurate.

As far as class action suits go, one of the biggest exchanges, CoinBase, has been accused of insider trading by a group of individuals. 

The 18-page lawsuit filing accuses the exchange of tipping employees a month prior to the official launch of bitcoin cash (BCH) on December 19, 2017.

An individual named Jeffrey Berk and others similarly situated have filed the class action.

Then of course there was the story involving Mr. Satoshi himself, Craig Wright. 

From Bitcoin.com News:

The Craig Wright case has got it all – stolen bitcoins, billions of dollars at stake, Satoshi Nakamoto, forged signatures, fake wallets. The lawsuit, should it come to court, is sure to provide high entertainment for everyone captivated by the sideshow that is Craig Wright and his claim to have been Satoshi Nakamoto, even though technically that’s not what this case is about.

All of this has prompted the Bitcoin.com News to make a bold prediction: "As the value of crypto assets continues to escalate, it’s inevitable that there will be more cases of this nature, and indeed of every conceivable nature".

- Aaron Goldstein, Gambling911.com

Business/Financial News

Cryptocurrency Prices Slumping Again, Attibuted to Japan Demands

Cryptocurrency Prices Slumping Again, Attibuted to Japan Demands

A slumping market across most cryptocurrencies is being blamed on Japan's Financial Services Agency (FSA) requring exchanges to make improvements to the Japanese trading platforms' anti-money laundering practices. 

'Enormous Assets' to be Returned in Mt. Gox Debacle

“This is the first time in Japan legal history,” attorney for the creditors, Daniel Kelman, stated, “that a liquidation has ever converted into a rehabilitation —it’s always the other way around after a rehab fails. This sort of also made legal history as well.”

US Federal Reserve Launches Cryptocurrency Index

US Federal Reserve Launches Cryptocurrency Index

This week the Federal Reserve Bank of St. Louis added cryptocurrency to their Federal Reserve Economic Data (FRED) database, a sign that the digital currency is maturing.

ICYMI—Wins & Losses for Bookies During The World Cup Opening Weekend

The World Cup Opening weekend is a wrap, and online bookies using the right tools should have made it out big. Get the recap and don’t make the same mistakes twice, and make Matchday 2 profitable.

3 Social Media Marketing Tips For Bookies To Grow Their Sportsbooks

Social media marketing can be used to grow sportsbooks, but pay per head agents still must stay discreet. Get the 3 best tips to be social and grow your online business and find out the don’ts too!

Syndicate