Tron asks NY judge to turf ICO suit from Binance bag holders
The Tron Foundation has filed a motion to dismiss a lawsuit from plaintiffs alleging securities violations with its $70 million 2017 ICO. The Tron Foundation has requested a New York federal judge dismiss a class action lawsuit alleging securities violations through Tron’s 2017 initial coin offering, describing the claims as “fatally flawed.”The Chinese blockchain developer filed a motion to dismiss on Dec. 15, asserting that the case has “no connection” to New York. The foundation also emphasized that the lead plaintiffs did not participate in Tron’s ICO, and that they filed the suit....
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A U.S. judge has denied the request to add XRP token holders as intervenors in the Securities and Exchange Commission (SEC)’s ongoing case against Ripple. In a ruling made one day after the motion was filed, the judge, Analisa Torres denied the token holders’ request “without prejudice to renewal.” Protecting Interests of XRP holders In their motion filed on March 14, 2021, XRP holders said their desire to be included in the SEC’s proceedings against Ripple was on the grounds that this would enable them to protect their interests. They added that....
It seems Judge Judy had an eBay scam to deal with on her show, and it involved Bitcoin. While talking with the prosecuting party, she wants to know all about the case, and she heard from the defendant something about Cryptocurrency. This “Bitcoin” she says is something you could talk for a day about, and she wouldn’t have a clue. The snippy TV Judge has....
The judge ruled that the SEC would be required to launch enforcement actions against each individual XRP holder should they be allowed to participate in the case as defendants. There has been another twist in the ongoing battle between distributed ledger technology firm Ripple and the U.S. Securities and Exchange Commission (SEC).On Monday, Oct. 4, U.S. District Judge Analisa Torres ruled that individuals holding the company’s XRP token cannot act in Ripple’s ongoing lawsuit as defendants. The determination comes after a number of XRP token holders aimed to file “friends of the court”....
The Tron Foundation has taken the decision to provide an “internal transfer” option for TRX holders affected by the OKEx withdrawal freeze. The Tron Foundation has published an update on a decision it took yesterday to enable Tron (TRX) holders to withdraw their tokens from the OKEx cryptocurrency exchange. According to the foundation:“At present, TRON has helped 16 OKEx users withdraw their TRX, and the TRON Foundation has transferred a total of 9419739.963519 TRX, worth 247268.174 USD according to the CMC price of TRX at the time of press, to the wallet addresses offered by these users....
On Thursday, at approximately 12:48 p.m. (ET), the embattled exchange FTX revealed that it has created a special facility with Tron. The deal allows holders of specific Tron-based coins to withdraw the tokens to external wallets on a 1:1 ratio. While coin market aggregation sites say tron tapped a high of $0.06 per token on Thursday, tron reached a high of $2.49 per coin against the U.S. dollar on FTX.
Tron Exchange Rate Balloons on FTX After Special Facility Established
The troubled crypto exchange FTX has been the center of a lot of confusion and speculation since the....