Archive | court

Crypto Investor Sues AT&T for $224M After Phone Hack Losses

A cryptocurrency investor in the US has filed a lawsuit against his cell phone service provider AT&T on the grounds of gross security negligence that lead to his personal loss of USD 24 million in crypto. The plaintiff, California resident Michael Terpin, filed a 69-page complaint with the US District Court in Los Angeles on Wednesday alleging that AT&T […]

Law Expert Advocates for Blockchain Use in Legal System

In an article for Lawyer Monthly, legal technology expert Paul Sachs advocated for the use of blockchain in the legal system and court proceedings, focusing on the UK in his discussion. Sachs preceded his in-depth analysis of how blockchain could be utilized by stating a necessity for substance to be included in the growing discussion […]

US Court Seizes 81 BTC, Sends Bitcoin Trader to Jail for 41 Months for Money Laundering

A U.S. district judge has ordered a bitcoin trader to forfeit 81 bitcoins and sentenced him to 41 months in prison for money laundering. Thomas Mario Costanzo, also known as Morpheus Titania, sold bitcoins to undercover federal agents pretending to be drug dealers, according to the Department of Justice. Also read: Yahoo! Japan Confirms Entrance Into […]

#FreeRoss Activities Are Gaining Steam

The trial and conviction of Ross Ulbricht for his administration of the Silk Road darknet market represented a landmark event in cryptocurrency. For many, the investigation and sentencing were a contradiction to the commonly held belief that cryptocurrency and activities involving cryptocurrency could not be regulated by the government. For others, the injustices and illegalities […]

Chinese Court Rules Blockchain Can Provide Legal Authentication

A court in China’s Hangzhou city has accepted that blockchain technology may legally be accepted by the court as evidence to prove the authenticity of data. The court came to this ruling after revising the case presented by the plaintiff’s legal representation, deciding that the legal viability of blockchain technology in an evidence deposition may be […]

Associations Challenging Crypto Ads Ban to Proceed with Lawsuit

Facebook’s recent decision to partially lift the ban on crypto ads will not stop a planned legal action against the measure. Crypto associations and businesses from several countries announced earlier this year their intentions to sue internet giants imposing such restrictions. The claimants want to proceed with filing the lawsuit, despite the policy update. Also […]

Japanese Police Arrest Coinhive Users for Violating Law Banning Computer Viruses

Japanese police from 10 prefectures have arrested website operators using Coinhive to tap into the computer power of their site visitors to mine cryptocurrencies without consent. They are accused of violating the law banning the use of computer viruses. Some people have already been fined. The police have been monitoring the Coinhive program since it […]

Japan Cracks Down on Illegal Use of Computers to Mine Crypto

The police in Japan are cracking down on the illegal use of personal computers for cryptocurrency mining. Multiple prefectural police departments are currently investigating one particular case and pursuing criminal charges, which would make it the first criminal case in Japan where computers are illegally used for mining cryptocurrencies. Also read: Yahoo! Japan Confirms Entrance Into […]