Legal

Blockchain-Based vSIM Cards Patent Awarded to Verizon

Blockchain-Based vSIM Patent Awarded to Verizon

  • The telecommunications giant could soon replace traditional physical SIM cards with a software version, secured with blockchain-based encryption.
  • The vSIM could be used from multiple devices associated with the user's account,and even be temporarily assigned to other users.
Token Sale Platform ICOBox Charged for Illegal Securities Offering

Token Sale Platform ICOBox Charged for Illegal Securities Offering

  • ICOBox,and its Founder Nikolay Evdokimov were able to raise around $14 million through the sell of their "ICOS" token in 2017.
  • The company also acted as an unregistered broker, by facilitating the sale of tokens from "dozens of clients", which were able to raise another $650 million.
Bank of America Tries to Patent Multi-Tiered Cryptocurrency Wallet

Bank of America Tries to Patent Multi-Tiered Cryptocurrency Wallet

  • The wallet will be configured to work in a decentralized peer-to-peer network.
  • The current cryptocurrency wallet system has a number of security issues, such as mismanagement or potential theft of private keys.
Peter McCormack’s Legal Defense Turns Spicy in Ongoing Craig Wright Lawsuit

Peter McCormack’s Legal Defense Turns Spicy in Ongoing Craig Wright Lawsuit

  • McCormack’s lawyers noted that their client's accusations were only in the interest of the public.
  • Wright is still rejecting to offer cryptographic proof that he is indeed who he claims to be.
New Jersey Bureau of Securities is Suing Pocketinns For Selling Unlicensed Securities

New Jersey Bureau of Securities is Suing Pocketinns For Selling Unlicensed Securities

  • Despite the existence of New Jersey exemptions on token sales, Pocketinns did not acquire the necessary documentation from its investors.
  • The New Jersey Bureau of Securities is seeking a refund and a monetary penalty.
A lawyer's desk

Plaintiff’s Representative Says Craig Wright Failed to Disclose Bitcoin Holdings as per Court Order

  • The self-proclaimed creator of Bitcoin, Craig Wright, has failed to produce his Bitcoin holdings prior to December 31, 2013, as per a court order.
  • On June 28, Wright is expected to appear for a deposition at the U.S. District Court for the Southern District of Florida.
SEC to Sue Kik for their ICO in 2017

SEC to Sue Kik for their ICO in 2017

  • SEC to sue Kik for their $100 million ICO in 2017 due to the sale of unregistered securities.
  • Reportedly, Kik were losing money for years but wanted to raise additional capital to look more appealing.
Binance CEO Sues Sequoia Capital

Binance CEO Sues Sequoia Capital

  • Binance CEO sues Sequoia Capital over financial losses.
  • The court hearing will be on June 25th, where it will be decided if and what damages Zhao sustained.
Arrested man in handcuffs

US Cryptocurrency Investor Wins Over $75 Million in Sim Swapping Hack Case

United States cryptocurrency investor Michael Terpin has won over $75 million in a lawsuit against 21 year...
A judge sitting behind a wooden desk with a gavel and scales of justice on top of it

DoJ Indictment Reveals That Two Exchanges Allegedly Used Shadow Banking Services

The U.S. Department of Justice indictment of two individuals on multiple counts, including operating an unlicensed money...