Legal

London Stock Exchange-Backed Nivaura Hires Senior HSBC Banker
LSE-backed Nivaura hired a senior HSBC banker to boost adoption of the London-based fintech's blockchain process for capital markets legal documents.

Crypto Traders' Lawsuit Claims Bitfinex, Tether Cost Market Over $1 Trillion
Bitfinex and sister company Tether caused more than $1 trillion in damages to the crypto market, a new lawsuit claims.

Missouri Watchdog Hits Unregistered Crypto Brokerage With Cease and Desist
St. Louis-based Mavixbtc allegedly promised 55-percent returns and falsely claimed to be registered with two watchdog organizations.

Longfin Must Pay $6.8 Million After Court Backs SEC Fraud Complaint
A New York court has backed charges brought by the SEC that the fintech firm committed fraud relating to its public offering and Nasdaq listing.

Uzbekistan Plans Massive Hike in Electricity Prices for Crypto Miners
A new bill from Uzbekistan's Ministry of Energy would triple the price of power for miners, raising fears it could stifle the local mining industry.

Overstock Class Action Claims SEC Blocked Firm's Digital Dividend Lockup
An investor has launched a class action against Overstock and two former execs, claiming securities violations involving the firm's digital dividend.

New Interest in DAOs Prompts Old Question: Are They Legal?
New tools have made DAOs all the rage in the ethereum community. Now one startup is trying to make them work within U.S. legal frameworks.

For Desperate Mt Gox Victims, Long-Shot Bitcoin Deal Beats Endless Wait
Some Mt. Gox creditors have signed on to a law firm’s unorthodox proposal to recover their bitcoin, but many are skeptical about its motives.

Ripple Avoids Securities Question in Motion to Dismiss XRP Lawsuit
Ripple avoided arguments over whether XRP is a security in its new motion to dismiss a class action lawsuit.

SEC Chair, Commissioners to Talk Crypto at Congress Hearing Next Week
The House Financial Services Committee will question SEC commissioners about crypto regulations and Facebook's Libra next week.

