Coinbase and top execs face securities class action over Nasdaq listing

A Coinbase shareholder has filed a securities class action against Coinbase for allegedly misleading investors ahead of its public listing about the company’s financial state and resilience as a crypto trading platform.

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Lawsuit Claims Dfinity ICP Token is Unregistered Security | Crypto Briefing

Key Takeaways

California resident Daniel Ocampo has filed a new class action lawsuit against Dfinity alleging the firm violated the 1933 U.S. Securities Act.
The plaintiff claims that Dfinity created ICP tokens out of thin air and sold them without filing appropriate registration.

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South African asset manager denies stealing billions from users, claims $5M was lost in hack

Raees Cajee, the co-founder of South African crypto investment platform AfriCrypt, has denied claims that he and his brother ran off with billions in investor funds, asserting the platform lost $5 million in a hack.

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Judge blocks sale of Jay-Z’s first album and its copyright as an NFT

A New York judge has issued a temporary restraining order to block an alleged attempt from Roc-A-Fella Records Inc (RAF) co-founder Damon Dash to sell a tokenized version of Jay-Z’s first album “Reasonable Doubt” along with its copyright.

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El Salvador Opposition Party Sues to Block Bitcoin Legislation | Crypto Briefing

Key Takeaways

The opposition in El Salvador has filed a case against the new Bitcoin law, deeming it unconstitutional and baseless.
Reportedly, citizens and businesses in El Salvador also have reservations about the new law.

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Alleged $3.6B crypto Ponzi’s ‘victims’ still believe the exchange is legit

Victims of an alleged $3.6 billion crypto Ponzi scheme in South Korea are reportedly hampering the progress of a police investigation and a joint lawsuit — as they still believe in the project and hold out hopes of getting a return on their investments.

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Five proposed crypto class actions over unregistered securities dismissed in NY

Five proposed class-action lawsuits against crypto firms have been voluntarily dismissed without prejudice in New York federal courts — without costs or attorney fees to any party.

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Binance Drops Forbes Lawsuit Over “Tai Chi” Article | Crypto Briefing

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