Tezos Likely Avoiding SEC Action with $25M Class-Action Lawsuit Settlement

The Tezos (XTZ) class-action lawsuit from law firm Block & Leviton will likely conclude in a $25-million settlement on Augu...

Bubbling Over the Top? DeFi Sector Heats Up in June, Raising Concerns

Decentralized finance is all about cutting out traditional financial intermediaries such as banks. Through the use of blockchai...

SEC Charges Lobbying Kingpin Jack Abramoff With Fraud For Promotion of 2018 ICO

On June 25, the United States Securities and Exchange Commission charged the issuer of AML Bitcoin — not to be confused with Bi...
June 26, 2020
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Judge Certifies Investor Class in $70m Pot ICO Lawsuit

A Californian federal judge has certified an investor class in a lawsuit alleging that the cannabis crypto firm Paragon Coin In...

SEC Suit Over $30m Crypto Scam Halted Due to Criminal Proceedings

A judge has granted a motion from the U.S. attorney’s office to pause the SEC’s action against Edit Pardo and Boaz Manor for th...
June 25, 2020
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$10M Investment From Tether Won’t Change Celsius’ Mission of Sharing

Tether (USDT) makes a $10 million equity investment in the crypto lending platform Celsius Network (CEL) at a $120 million pre-...

French Startup Plans to Make ICOs Obsolete

France-based crypto asset issuance platform Tozex claims to have created a new vehicle for crypto financing that can offer firm...
June 19, 2020
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Gov’t Was Concerned Libra Could Displace Dollar

David Weild IV, who is known as the father of the JOBS Act, believes that the U.S. government had to move to stamp out Facebook...

Belarus Banks Announce Upcoming Token Pilot Program

On June 10, 12 Belarus’ commercial and state-owned banks received permission from the national central bank to issue digi...

Founder of Floyd Mayweather-Promoted ICO to Plead Guilty to Fraud

Robert Farkas is negotiating a plea bargain for his role in the fraudulent Centra Tech initial coin offering (ICO) that commiss...
June 11, 2020
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