On February 21, according to Mankiw: Recently, the Jiangsu Provincial High Court released a typical foreign-related case. In the case, a Singaporean investor cooperated with a Chinese citizen to invest in cryptocurrencies. The court ruled that the "contract is invalid and the risk is at its own risk", and the Singaporean investor's millions of principal were lost. The Chinese court directly ruled that the contract was invalid, on the grounds that virtual currency investment is an illegal financi...
According to Etoday, South Korea's Supreme Court has ruled that stablecoin TerraUSD and cryptocurrency Luna are not considered financial investment products or securities. The digital assets collapsed in May 2022, losing about $40 billion in value. The latest court decision could affect similar legal disputes in lower courts. In November 2022, a Seoul court rejected a prosecutor's request to seize the assets of Daniel Shin, co-founder of Terraform Labs, the company behind the tokens.
According to Cointelegraph, the Supreme Court of Gibraltar has ordered the freezing of about 440 million PLAY tokens (about $7 million), accounting for about half of the circulation. This stems from a legal dispute between US Web3 gaming company Ready Games and its Gibraltar subsidiary Ready Maker and its CEO Christina Macedo. Ready Games founder David Bennahum said the subsidiary violated the trust agreement and claimed ownership of the company and PLAY tokens without authorization.
On January 17, Beijing time, on January 17, the US Supreme Court made a decision on TikTok "ban without selling" bill: the relevant provisions do not violate the petitioner's First Amendment rights. The Supreme Court upheld the bill, requiring TikTok to divest from its parent company ByteDance Group before 19 days, or face a national ban in the United States. Earlier, it was reported that US President-elect Trump was considering issuing an executive order after taking office to suspend the imple...
On January 17, Beijing time, the US Supreme Court decided on TikTok "ban without selling" bill: the relevant provisions do not violate the petitioner's First Amendment rights. The Supreme Court upheld the bill, requiring TikTok to divest from its parent company ByteDance Group by 19 days or face a national ban in the United States. Earlier, it was reported that US President-elect Trump was considering issuing an executive order after taking office to suspend the implementation of the TikTok ban ...
The US Supreme Court on Monday rejected an appeal by Binance and its former chief executive Changpeng Zhao after the Second Circuit ruled that US securities laws apply to the cryptocurrency exchange even if it has no physical headquarters. Since 2023, Binance and its founder Changpeng Zhao have been facing legal challenges.
The U.S. Supreme Court has refused to stop ruling President-elect Donald Trump in the hush money case.
On January 6 local time, New York State Supreme Court Justice Juan Mercan rejected President-elect Trump's request to delay the sentencing process of his "hush money" criminal case. It is understood that Trump's lawyers may continue to appeal to the New York Court of Appeals. Earlier on the 6th, Trump's lawyers appealed the verdict in his "hush money" criminal case, asking the judge to delay the sentencing process scheduled for this week. A 12-member jury on May 30, 2024...
The official account of the Fujian High Court announced a typical case of cracking down on the new type of illegal and criminal governance of telecommunications networks, among which the trial organs of Longyan City tried a large cross-border telecommunications network fraud case according to law, and the public security organs seized the cash involved and a large number of houses, cars, gold, precious watches, virtual currencies, etc. worth nearly 200 million yuan; the trial organs have decided...
On December 28th, local time learned on December 27th that US President-elect Trump filed a request with the US Supreme Court to suspend the enforcement of TikTok forced sale order. Trump said he hoped the court would give him time to resolve the dispute through political means after he officially took office on January 20th next year. On December 18th local time, the US Supreme Court announced another discussion on the bill banning TikTok from operating in the United States. According to report...
The U.S. Supreme Court rejected an appeal by Nvidia, allowing a class-action lawsuit against the company for allegedly defrauding investors by relying on cryptocurrencies to proceed in lower courts. The case stems from two investor lawsuits in 2018 alleging that Nvidia wilfully misled investors about the close relationship between revenue growth and cryptocurrency performance. Investors have accused Nvidia and its executives of making material misrepresentations that downplayed the impact of the...
The U.S. Supreme Court has rejected a case by META-owned Facebook seeking to avoid shareholder securities fraud lawsuits.
A New York State Supreme Court ruling allows Greenidge Generation to continue generating electricity and mining bitcoin at its plant in Dresden, NY, and to reapply for a Clean Air Act Title V air permit that the New York State Department of Environmental Protection (DEC) rejected in June 2022. Nonetheless, the court also affirmed DEC's authority to deny permission under the Climate Leadership and Community Protection Act (CLCPA). The court found that DEC's decision was arbitrary and capricious, ...
According to a court verdict, South Korea's Supreme Court rejected the appeal of former Fantom CEO Byung-IkAhn for lack of evidence. The case originated from Sik Sin's failure to fulfill a service agreement with Fantom, including technology implementation and the application of Fantom technology to the Korean food technology industry.
The Shaanxi High Court issued a typical case of cracking down on illegal fund-raising crimes, which pointed out that the defendants Shi and Zhu set up an office in Xi'an, used their self-built BRTR platform to issue and trade USDT, QC, and BRTR currencies, and bragged about their company strength to the society, imagining the bright future of investing in virtual currencies, and using high interest rates and enjoying the right to use luxury cars as bait to attract public investment. After audit,...