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Donald Trump has accused the New York Times (NYT) of damaging his $TRUMP memecoin in a $15 billion defamation lawsuit filed against the publication. The lawsuit, filed in a Florida court, alleges that the outlet damaged $TRUMP’s reputation, as well as that of his social media platform Truth Social and the wider Trump Organization, with multiple harmful statements. Trump is following up on legal threats he made after the NYT revealed a series of birthday letters sent to the pedophile Jeffrey Epstein. These included a poem and a drawing of a nude woman allegedly signed by then president. He denies writing the letter.    In the lawsuit, Trump also claims that the NYT was a ringleader for alleged election interference orchestrated by the legacy media in 2024, describing it as a “ full-throated mouthpiece ” for the Democrat party.  ANALYSIS: Eric and Donald Trump Jr. are cashing in on crypto Read more: BitMEX invested heavily in US lobbying before ...

Google is arguing that the US DOJ’s plan to break up the company would harm the US in the global race with China. Google said in a blog post on Monday that such a breakup is not in the best interest of the country, as the global battle for supremacy in artificial intelligence rapidly intensifies. JUST IN: Google says the DOJ's plan to break up the company would harm the US in the global race with China. — Watcher.Guru (@WatcherGuru) April 21, 2025 The DOJ’s proposal would “hamstring how we develop AI, and have a government-appointed committee regulate the design and development of our products,” Lee-Anne Mulholland, Google’s vice president of regulatory affairs, wrote in the post. “That would hold back American innovation at a critical juncture. We’re in a fiercely competitive global race with China for the next generation of technology leadership, and Google is at the forefront of American companies making scientific and technological breakthr...

A lawsuit brought against former Binance CEO, Changpeng Zhao by three crypto investors who accuse the exchange of losing their funds through lax money laundering regulations, may put the “efficacy of blockchain analytics itself,” on trial. This is according to Bill Hughes, Senior Counsel and Director of Global Regulatory Matters at Consensys, who also branded the suit’s key allegations as “dubious.” @binance and @cz_binance were sued last Friday by class plaintiffs in Seattle federal court. An interesting class action brought by top class action lawyers alleging consumer harm as a result of Binance's money laundering. And the natural, predictable follow-on civil… pic.twitter.com/vMlFuUnzEr — Bill Hughes : wchughes.eth (@BillHughesDC) August 20, 2024 Read more: Has CZ followed a Solana news account while in prison? The lawsuit, which was filed on August 16 in the Western District Court Of Washington, accuses Binance and Zhao of “offering bad actors a ...

A former investor has filed a class action lawsuit against Lido DAO in a District Court of San Francisco. The plaintiff, Andrew Samuels, a Solano County, California resident, has filed a lawsuit over the potential mismanagement and distribution of Lido tokens.  The lawsuit claims that the Lido token is effectively an unregistered security, thereby making Lido DAO, along with several venture capital and investment management firms, responsible for the financial losses incurred by the plaintiffs due to the token’s decline in value. In the lawsuit , Samuels emphasizes that a significant majority, approximately 64%, of Lido token s are in the hands of a select few founding members and early-stage investors. These entities include notable venture capital firms such as Paradigm, AH Capital Management, Dragonfly Digital Management, and Robert Ventures. This concentration of token ownership, the plaintiff argues, has marginalized the influence of regular investors on the governance and dec...

With the lawsuit against cryptocurrency trading platform Kraken becoming the newest instance of the United States Securities and Exchange Commission (SEC) exercising its regulatory enforcement in the cryptocurrency industry, a legal expert has observed a curious detail – XRP was not there. Specifically, Jeremy Hogan, a lawyer who has kept a close eye on the SEC’s case against blockchain company Ripple, accused of illegally selling the XRP token as unregistered securities , noted that XRP was missing from the list of alleged securities in the lawsuit text he shared in an X post on November 21. Guess which crypto is NOT included on the list of alleged securities ? pic.twitter.com/2qWcDwNt9A — Jeremy Hogan (@attorneyjeremy1) November 20, 2023 Indeed, the listed cryptocurrencies included Cardano (ADA), Axie Infinity (AXS), Algorand (ALGO), Cosmos Hub (ATOM), Chiliz (CHZ), COTI (COTI), Dash (DASH), Filecoin (FIL), Flow (FLOW), Internet Computer (ICP), Decentraland (MANA...

Apple faces a class-action lawsuit alleging the tech giant conspired to limit peer-to-peer payment options on its devices and blocked the integration of crypto technology in iOS payment apps. The lawsuit, lodged on Nov. 17 in a California District Court, accuses Apple of conspiring with major payment platforms like PayPal’s Venmo and Block’s Cash App to limit the use of decentralized cryptocurrency technology in iOS payment applications. Suit claims Apple limits use of decentralized payment tech | Source: PACER According to the complaint, these agreements have led to a lack of feature and price competition in the market, particularly by preventing the integration of decentralized cryptocurrency technology in both existing and new iOS Peer-to-Peer (P2P) Payment apps. The plaintiffs argue that this has resulted in consumers paying inflated prices due to Apple’s control over the iOS P2P payment market. You might also like: Apple and Google can undermi...

McLennan County authorities have resolved a lawsuit with Lux Vending’s Bitcoin Depot over the incorrect seizure of $15,000 from a Bitcoin ATM following an elderly woman’s scam incident. In a recent legal episode from McLennan County, authorities have reached a resolution with Lux Vending, trading as Bitcoin Depot, in a case surrounding the wrongful seizure of $15,000 from a Bitcoin ATM. The situation began when an 82-year-old woman from Crawford fell victim to a ransomware scam initiated by a malicious email link. Under the scam’s influence, she withdrew $15,000 in cash and deposited it into a Bitcoin Depot machine. McLennan County investigators, believing they were acting rightfully, secured a warrant and confiscated the funds from the Bitcoin ATM stationed at a Sunoco store, thinking the money exclusively belonged to the elderly victim. However, complications arose when Bitcoin Depot filed a lawsuit against the county. The suit not only claimed that the seizu...

Jacksonville Jaguars quarterback Trevor Lawrence, who previously endorsed the now-defunct FTX, is ready to pay settlements to clear his name. Lawrence is among the list of famous names who promoted FTX and is currently facing charges related to the fall of the exchange. Lawrence, high-profile figures embroiled in FTX scandal Lawrence is set to settle allegations surrounding his endorsement of the now-defunct FTX cryptocurrency exchange. This settlement, which also includes YouTube influencers Kevin Paffrath and Tom Nash, forms part of a legal battle involving sports figures accused of participating in FTX’s fall, allegedly orchestrated by founder Sam Bankman-Fried. You might also like: Delaware Judge allows FTX to sell up to $100 million of coins every week Bankman-Fried, who has pleaded not guilty, is expected to face trial next month in Manhattan on criminal charges. Other high-profile individuals who endorsed FTX and are now facing lawsuits include Shaquille O...

The legal industry has risen as a major beneficiary amid the financial downturn of several prominent cryptocurrency firms, garnering hundreds of millions in fees. According to a report on Sep. 5, professionals , including lawyers, accountants, and consultants, have amassed at least $700 million from the bankruptcy cases of major crypto entities in the past year. This substantial figure encompasses the fees incurred from the bankruptcy proceedings of five notable crypto companies: FTX, Celsius Network, Voyager Digital, BlockFi, and Genesis Global, from July 5, 2022, to July 31, 2023. As these cases continue to evolve, the total amount is expected to surge, especially with the forthcoming trial of Sam Bankman Fried in October. The data indicates that the legal experts engaged in the FTX case have been the primary beneficiaries, billing a cumulative amount of $326 million. Sullivan & Cromwell, the law firm overseeing FTX’s bankruptcy, has invoiced over $110 million in legal...

Coinbase has requested a federal judge in New York to dismiss the Securities and Exchange Commission’s (SEC) lawsuit against it. The regulator sued Coinbase in June 2023, alleging that the crypto exchange had broken securities laws by functioning as an unregistered exchange, broker, and clearing agency. Moreover, it stated that Coinbase had been selling unregistered securities through its staking-as-a-service program, which incentivizes platform users with crypto rewards for participating in its proof-of-stake (PoS) process. You might also like: Coinbase Q2 report exceeds analyst expectations despite legal battle with SEC However, on Aug. 4, Coinbase requested to dismiss the SEC’s charges against it. In its motion, the exchange said that it doesn’t trade securities. As a result, the company believed the SEC lacked jurisdiction over its operations, thus making the accusations against it immaterial. Coinbase’s chief legal officer, Paul Grewal, als...