Chinese mining giant Bitmain is suing an anonymous hacker that allegedly stole $5.5 million in cryptocurrency last April from the company’s account on the digital exchange Binance.
Does a decades-old securities law apply to an initial coin offering (ICO)? In a case that represents the first time securities laws have been applied to cryptocurrencies, a district judge says it may.
After a volley of countersuits that had the companies jumping from courthouse to courthouse, Ripple and R3 have brokered a settlement that will put the drama to rest.
vSouth Korea’s Supreme Court just ruled that bitcoin is a legally recognizable asset, overturning a decision made last year by one of the country’s lower courts.
Though the involvement for big U.S.-based financial players will certainly affect the market, established cryptocurrency exchanges are optimistic about the future.
A recent FinCEN letter stakes out policy position regarding ICOs that appears somewhat inconsistent with prior guidance and could foreshadow potential avenues of enforcement.
