Court rules in favor of HelbizCoin investors; class action to go ahead
A U.S. federal court has upheld claims by HBZ investors that the company acted fraudulently and also asserted that its token violated securities laws.
A U.S. federal court has upheld claims by HBZ investors that the company acted fraudulently and also asserted that its token violated securities laws.
Original source
Read on CointelegraphRelated market context
SEC targets 20-year-old rule standing between Wall Street and blockchain trading
The Securities and Exchange Commission (SEC) is moving to dismantle a stock-trading rule that has governed Wall Street for two dec...
Banks are buying Bitcoin vaults, but a quantum problem may be waiting inside
The banks are finally buying the vaults. In May, BNY, the world's largest custodian with $59.4 trillion in assets under custody an...
SpaceX’s IPO exposes the first crack in tokenized stocks – fragmented ownership and allocation
SpaceX priced its IPO at $135 per share on June 11, raised $75 billion in the largest public offering in history, and opened on Na...
CFTC Sues New Mexico to Block State Gaming Laws From Reaching Federally Regulated Prediction Markets
The Commodity Futures Trading Commission filed suit Thursday in federal court against New Mexico, seeking to prevent the state fro...
Cape Verde’s World Cup fairy tale sparks crypto speculation, but investors should tread carefully
Cape Verde's World Cup debut highlights the speculative risks in crypto markets, urging investors to discern between official and...
Hester Peirce Farewell Speech Highlights SEC Crypto Rulemaking Divide
TL;DR SEC Commissioner Hester Peirce delivered a farewell speech titled “Peirce Out.” She criticized the agency’s reliance on enfo...