Connect with us
  • Start here
  • Bitcoin Charts & More
  • Submit PR
CLOSE

Regulation

New Lawsuit By Craig Wright Launched Towards Roger Ver

Published

on

new lawsuit

New lawsuit was launched today by the self-proclaimed Satoshi Nakamoto-Craig Wright towards Roger Ver after he called him a fraud. As we can read in today’s altcoin news, the legal campaign continues with heavy turbulence in the UK court dealings.

The goal of the lawsuit is to still prove that he has a stellar reputation. Craig Wright launched the new lawsuit after Ver called him a fraud repeatedly after he was slapped with a 100,000-pound suit. Britain’s high court ruled today that the case against Ver cannot take place there because the court is not satisfied that is the appropriate venue:

 “The threshold is clear: the Court must be satisfied that England and Wales is clearly the most appropriate jurisdiction in which to bring a libel claim where there has been multi-jurisdiction publication. It is no longer sufficient to demonstrate that England and Wales is an appropriate jurisdiction. A claimant could fail to surmount the evidential hurdle in s.9(2) even if the Court is unable to identify, from the other candidate jurisdictions, an alternative that is the most appropriate.”

The judge Matthew Nicklin pointed out that the English law does not provide clear directions on how to determine the ‘’appropriateness’’ of his venue for the libel suit. Nicklin also concluded that the most important factor in a liber or defamation suit and where it is taking place should be the location of the accused persons or publications. Ver does not reside in England and also YouTube has a headquarter in the United States. It doesn’t matter where the defamation took place, the judge still has to assess whether there was major damage done to Wright’s reputation in his jurisdiction. Nicklin stated that it is impossible to lay down hard rules but assured that the matter of jurisdiction will be different in every case.

Since Wright failed to supply the court with decent evidence of damage done in England and Whales, Nicklin decided not to let the case go forward:

 “In consequence, the Court has no jurisdiction to hear and determine the action. The action will be struck out. ”

As noted in the latest cryptocurrency news, Wright’s other cases are also deteriorating. One lawsuit against him brought by the estate of Dave Kleiman ended up in frustration of the Florida judge since Wright failed to comply with the rules of the court

Share This With Your Friends

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

Continue Reading
Comments

Libra coin news

Chinese Crypto Czar: Facebook’s Libra ‘Might Be Unstoppable’

Published

on

By

chinese crypto czar
The new director of China's Research Institute on Digital Currency, Changchun Mu, believes that even though the world powers do not welcome Facebook's Libra coin, the stablecoin and its advance is now unstoppable. The Chinese crypto czar officially assumed his role at the Institute on September 6 this year, leading the online education platform. There have been six lecture issued by the crypto chief - shared on many best cryptocurrency news sites and local media outlets. In the series, Mu answered a range of crypto questions - ranging from Libra and its technical features - to the potential integration with the international currency system. The Chinese crypto czar also touted the advantages of China's own digital currency and how it compared to Libra. “No countries welcome Libra, but it might be unstoppable anyways,” Mu said in the third lecture of the series. “It is very unlikely that one can totally stop people from buying Libra despite rigorous regulations.” The Chinese crypto czar also explained that the most a central bank could do to prevent Libra from entering a country would be to ask all of their payment institutions and commercial banks not to process any transactions which are related to Libra. Still, there are a few back channels through which users could circumvent the ban to purchase Libra, as he noted. The czar also cited underground Bitcin trading in China as an example of how it could work. Even though exchanges in China have blocked Bitcoin transactions and payment institutions (and commercial banks are also prohibited from processing BTC transactions) there are still some agencies which use virtual private networks (VPNs) to buy Bitcoin from foreign exchanges, as Mu noted. The Chinese crypto czar said that the situation applies to Libra, too. “Even if Facebook is blocked in China, people will use indirect ways to purchase it from abroad once Libra comes out,” Mu said. As he also said in the latest cryptocurrency news, there was only one possibility to stop Libra. “If the U.S. bans Libra legally, then Libra will certainly be stopped.” There are a few extreme cases where a country fully embraces Libra, the Chinese crypto czar said. He noted that Zimbabwe (a country with rampant inflation) last year announced that it welcomes any alternative currencies. As such, Zimbabwe is a clear example of such country.
`
Continue Reading

Regulation

Miners In Iran May Be Part Of A New Registration System Soon

Published

on

By

miners in iran
The country and cabinet of Iran is apparently looking into a new proposal which will help crypto miners in the country to register their cryptocurrency on an annual basis. As the latest cryptocurrency news show, the miners in Iran would license their work and provide more information on employment, rent agreements and other business activities - through licenses. First reported by Coindesk on September 19, a draft proposal to register crypto mining operations in Iran is apparently on its way to official approval in Tehran. The requirements and licenses are designed for miners in Iran to prevent any unsavory activities, all while helping the government control the mining activity and other activities related to crypto. The reports also showed that based on surveys of more than 1,600 crypto miners in Iran carried out by the analytics firm Gate Trade, even 35% of the respondents claimed to have earned income through mining and 70% of them were interested in learning more about the local mining businesses in the country. In times when Iran is facing international sanctions and inflation which are economic factors that resulted in a rise in national misery, there are more and more crypto miners in Iran, the best cryptocurrency news sites reported. In recent months, there has been a lot of buzz surrounding the Iranian government, too. Its attitude towards cryptocurrency is said to be a major game changer and something that could bring a lot of positive news in the country's crypto communities. In June this year, Iran's Ministry of Energy said that they would be cutting off power to mining operations using the country's energy grid - all until special pricing went into effect. A month later, the coming altcoin news showed that the special pricing was finalized and miners in Iran were expected to pay $0.07 per kilowatt-hour, which compares to $0.05 for most citizens. At the end of July this year, the country authorized cryptocurrency mining as an industrial activity. And while the cabinet rejected the use of cryptocurrencies in transactions at the start of August this year, Iran's National Tax Administration did agree to exempt the repatriated crypto mining earnings from taxation.  
`
Continue Reading

Regulation

US SEC Sues ICOBox For Conducting An Illegal $14M Securities Offering

Published

on

By

us sec
It seems like the United States Security and Exchange Commission (SEC) has a lot on its hands right now. As many best cryptocurrency news sites report, there are lawsuits being prepared by the regulatory authority every day. In the recent news, we can see that US SEC sues ICOBox for conducting an illegal securities offering worth $14 million and acting as unregistered brokers. As a press release shared on September 18 showed, the US SEC claims that ICOBox and Evdokimov (the founder) sold the firm's ICO tokens to more than 2,000 investors in an unregistered coin offering back in 2017. The US SEC sues ICOBox and Evdokimov but also goes on to say that the defendants claimed that there would be a price increase in the tokens upon trading - and that the token holders would be able to swap them for other tokens at discount. The SEC Claims that the ICO tokens are now worthless, stating the following:
“By ignoring the registration requirements of the federal securities laws, ICOBox and Evdokimov exposed investors to investments, which are now virtually worthless, without providing information that is critical to making informed investment decisions.”
As we can also see in the latest cryptocurrency news, the US SEC and its complaint also states that ICOBox acted as an unregistered broker by facilitating ICOs which raised another $650 million for dozens of clients. The commission decided to charge ICOBox and Evdokimov with violating federal securities laws and is actively seeking injunctive relief, disgorgement with prejudgment interest and civil money penalties. Aside from the fact that the US SEC sues ICOBox, we recently reported that Blockstack PBC, a decentralized computing network which recently announced that it managed to raise more than $23 million in the first token offering which was approved by the SEC. The team behind Blockstack apparently spent around $2 million to gain approval from the SEC in advance of their token offering. Meanwhile, the coming altcoin news show that there are losses on the market. Bitcoin (BTC) was the first cryptocurrency to go in the red as it lost more than $500 in minutes and pulled a lot of altcoins alongside with it on the market. For what we know now, the recent updates show that the losses are extending.
`
Continue Reading

Altcoin News

OKEx Korea Delisted Monero, Dash, And Other Privacy-Cryptos Over FATF Demands

Published

on

By

OKEx Korea
The latest cryptocurrency news show that the South Korean arm of the cryptocurrency exchange OKEx has decided to remove support for five major altcoins. It is true that OKEx Korea delisted Monero, Dash and other coins due to new international regulations. As a blog post originally published on September 10 shows, OKEx Korea confirmed that it would halt trading of Monero (XMR), Dash (DASH), Zcash (ZEC), Horizen (ZEN) and Super Bitcoin (SBTC) on October 10. As the exchange revealed, the main reason for this is that as since they are focused on privacy, the coins fall foul of the new guidelines set out by the intergovernmental body which is the Financial Action Task Force (FATF). OKEx Korea delisted these altcoins, the blog post confirms, showing:
“Support for trading of 5 different cryptocurrencies, XMR, DASH, ZEC, ZEN, SBTC, will be terminated.”
As the news site reported, the sweeping changes to crypto transaction rules currently demand businesses to identify the two parties which are sending funds to each other - if a transaction exceeds the limit of $1,000.
"According to the statement corresponding to FATF R.16, OKEx Korea has restricted its implementation as the ' travel rule' recommends that exchanges be able to collect relevant information such as the name and address of the sender and recipient of the virtual asset. privacy-oriented cryptocurrency, aka that ' the dark Coin "has decided to take the deal end-of-support measures of the corresponding event," the blog post showing that OKEx delisted the five altcoins shows.
This comes in period when more than 200 countries are forced to theoretically implement the rules by June 2020. Still, the altcoin news show that there are concerns that doing so is physically impossible for a lot of decentralized blockchains. Now that OKEx Korea delisted the five cryptocurrencies, all of them make it possible to identify the sender and recipient of a transaction by design. An OKEx representative was also featured on many best cryptocurrency news sites a while ago, telling that the coins will only be delisted on OKEx Korea (OKEx.com.kr) but will remain listed on the global OKEx platform. The value of these coins, as the coming altcoin news show, has remained unchanged.
`
Continue Reading

Newsletter

For Updates & Exclusive Offers
enter your email below





Attention: The internal data of table “2” is corrupted!
Attention: The internal data of table “3” is corrupted!

ADVERTISEMENT

cryptocurrency review

ADVERTISEMENT

Join us on Facebook

Recent Posts

ADVERTISEMENT

UPCOMING EVENTS RECOMMEND BY DC FORECASTS

october

No Events

NEWS CATEGORIES

ADVERTISEMENT

Trending Worldwide

X
X