The failure of Silicon Valley Bank caused ripples in the crypto industry, but after mediation of US authorities, USDC and Bitcoin rallied. When the news of the SVB fallout broke, USDC stablecoin lost ...
Tag: Damages
Bitcoin miner Riot expects growth delay due to December storm damages
Bitcoin miner Riot said there will be a delay in meeting its first quarter hashrate guidance of 12.5 EH/s due to damage from the winter storm that hit the U.S. in December and knocked miners offline. ...
Mango Markets Sues Exploiter Avraham Eisenberg for $47M in Damages
Mango Markets’ exploiter Avraham Eisenberg was hit with a lawsuit by Mango Labs, the company behind the DeFi protocol, for $47 million in damages. The Wednesday filing with the United States District ...
Celsius Seeks for Damages for a Breach of $8M Contract
Celsius is dragging its investor, Fabric Ventures, to court for not fulfilling its commitment to invest $8M in a Series B round. In 2021, when the bulls were in control of the market, Venture Capital ...
Bithumb ordered to pay outage damages to investors by South Korean court
The ongoing saga of the South Korean cryptocurrency exchange Bithumb continues, this time with ruling from local courts. On Jan. 13 the South Korean Supreme Court finalized its ruling that the exchang...
Bithumb ordered to pay damages for outage during bitcoin’s 2017 rally: Yonhap
Crypto exchange Bithumb has been ordered to pay $200,000 in damages to more than a hundred investors over an exchange outage during bitcoin’s rally in 2017. Bithumb has been ordered to pay...
ABL Space inaugural launch fails, damages Alaska launch pad
The company’s RS1 rocket lifts off on its inaugural launch attempt from Kodiak, Alaska on Jan. 10, 2023. ABL Space The first mission by ABL Space got off the ground on Tuesday, but the company&#...
Web3 protocol Ankr reports $5M in damages following BNB token exploit
A web3 infrastructure platform Ankr has reported that the approximate damage caused by the ongoing exploit might account for as much as $5 million worth of BNB tokens. The announcement follows the pla...
Judge Freezes Alex Jones’ Assets As He Faces Over $1 Billion In Damages For Spreading Sandy Hook Conspiracy Theories
Topline A Connecticut judge has temporarily frozen conspiracy theorist Alex Jones’ assets after concerns were raised that he was “looting” his estate and hiding some of the $965 million in damages he ...
Coinbase Sued over $350M in Damages Due to Patent Infringement
The digital currency exchange platform Coinbase Global Inc. has been sued by Veritaseum Capital LLC over patent infringement in the Delaware Federal Court. Coinbase is a publicly traded company in the...
BitGo Confirms Filing Lawsuit Against Galaxy Digital, Seeks $100M in Damages
BitGo confirmed earlier today that it had filed a lawsuit against the Mike Novogratz-spearheaded company seeking damages in excess of $100 million. Galaxy Digital planned to acquire BitGo earlier this...
Suit: Michael Saylor, MicroStrategy Owe $100M+ of Damages From Back DC Taxes
The District’s attorney general is trying to recover taxes on what the offices alleges could amount to more than $100 million of income from Saylor Saylor stepped down as CEO of MicroStrategy, the lar...
Inflation Reduction Act could cut climate damages by $1.9 trillion
President Joe Biden signs The Inflation Reduction Act with (left to right) Sen. Joe Manchin, D-WV; Senate Majority Leader Chuck Schumer, D-NY; House Majority Whip James Clyburn, D-SC; Rep. Frank Pallo...
Damages Set In The Belwether Opioid Trial
For more than a year I have been covering what I have felt are serious problems with Judge Dan Aaron Polster’s handling of mass tort litigation pitting two Ohio counties (Lake County and Trumbull Coun...
BitGo Seeks $100M in Damages After Galaxy Digital Rescinds $1B Acquisition Deal
BitGo is planning to take legal action against Galaxy Digital’s decision to terminate the acquisition of the crypto platform. BitGo is pursuing legal actions against Galaxy Digital and is seeking $100...
Galaxy Digital Back Pedal On $1.2 Billion Deal For BitGo Acquisition, BitGo To Seek $100 Million In Damages
Galaxy Digital has announced that it’s backing out of its $1.2 billion proposed acquisition of the cryptocurrency custodian, BitGo. Galaxy Digital Backs Out Of BitGo Deal A $1.2 billion acquisition of...
Jury Hits Alex Jones With $45 Million In Punitive Damages Over Sandy Hook Conspiracy Claims
Topline A jury in Austin, Texas, decided Friday that Infowars host Alex Jones should pay $45.2 million in punitive damages to the parents of a victim of the Sandy Hook Elementary School mass shooting ...
South African Professor Accuses Central Bank Official of Spreading Misinformation That Damages Crypto Industry – Bitcoin News
A South African professor, Steven Boykey Sidley, has branded as “balderdash” claims by the South African central bank deputy governor that “90% of cryptocurrency transactions” are illicit. The profess...
Court Awards Craig Wright £1 as Damages in Lawsuit against Peter McCormack
Craig Wright is keen on appealing the case with Peter McCormack as he feels all the necessary considerations were not made before the judgment was passed. The United Kingdom High Court has awarded the...
Judge Orders Peter McCormack To Pay 1£ In Damages To Craig Wright. Yes, 1£
Did this UK judge determine that Craig Wright’s reputation was worth 1£? You be the… judge. The “High Court Approved Judgment” reads like a novel. It contains a lot of ins, a lot of outs, and a lot of...
Craig Wright Awarded £1 in Damages in the Peter McCormack Case – crypto.news
The most controversial Bitcoin lawsuit of the year has come to an end, with U.K. High Court Judge Martin Chamberlain ruling that Dr. Craig Wright presented false evidence in his defamation action agai...
Peter McCormack to Pay Only £1 in Damages in Lawsuit Against Faketoshi
A U..K. judge has ordered popular crypto podcaster Peter McCormack to pay £1 (US$1.23) in nominal damages to self-proclaimed Bitcoin creator Craig S. Wright. McCormack to Pay £1 in Nominal Damages In ...
UK High Court rules in favor of Craig Wright, awarding £1 in defamation damages
The U.K.’s High Court has approved a judgment in favor of Craig Wright in his defamation lawsuit with podcaster Peter McCormack. Judge Justice Chamberlain ruled that McCormack caused severe harm to Wr...
UK Judge Awards Craig Wright £1 in Damages for McCormack Defamation Case
A London court dismissed a defamation claim from a self-proclaimed author of the bitcoin whitepaper. In a ruling on Monday, Aug. 1, 2022, a U.K. judged Australian computer scientist Craig Wright’s ass...
Craig S. Wright Awarded £1 Damages in “False” Bitcoin Libel Case
Share this article Peter McCormack has been ordered to pay Craig S. Wright £1 in damages. “A Deliberately False Case” Craig S. Wright will receive £1 in damages from his libel case against Peter McC...
Wright Put Forward ‘False Evidence,’ Will Receive Damages of £1
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U.S. And China Emissions Caused $1.8 Trillion Each In Worldwide Economic Damages Over 25 Years, Study Estimates
Topline Greenhouse gas emissions in the United States and China from 1990 to 2014 caused a combined $3.6 trillion in economic damages around the world, according to a study published Tuesday by resear...
Tax Bill On Johnny Depp And Amber Heard Damages Could Be Particularly Ugly
The long-awaited verdict is in, with Johnny Depp coming out on top, but neither of them unsullied in the process. The jury found that Heard defamed Depp, and awarded him $10 million in compensatory da...
South Korean Ruling Party Summons Exchanges For Damages Caused by LUNA Fall
32 mins ago | 2 mins read Exchange News It will be convened on May 24th by the Party Policy and Virtual Asset Committees. South Korean authorities are taking measures to freeze the assets of the LFG....
Man seeks $1M in damages from OpenSea over stolen Bored Ape NFT
TL;DR Breakdown: Former Bored Ape NFT owner seeks $1 million in damages from OpenSea He claims his BAYC #3475 wasn’t stolen and sold from his wallet amid a bug. In January, users complained about thei...
EOS Foundation Seeks $4.1B in Damages From Block.one
Key Takeaways The EOS Foundation is seeking $4.1 billion in damages from Block.one over the company’s handling of the 2017 EOS initial coin offering. EOS block producers had previously voted to ...