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A class action lawsuit has recently been filed against Michael Saylor and his company Strategy regarding Bitcoin investments and related financial advice. At the time of writing, several investors have actually joined together to allege that they were, in fact, misled about cryptocurrency performance and potential returns. This lawsuit follows increased criticism of the digital currency and investment market. JUST IN: Class action lawsuit filed against Michael Saylor's 'Strategy,' alleging misleading statements about its Bitcoin strategy. — Watcher.Guru (@WatcherGuru) May 19, 2025 Also Read: India Rejects Global South’s De-Dollarization Agenda: “Absolutely No Interest” Michael Saylor’s Strategy Faces Lawsuit Over Bitcoin and Cryptocurrency Claims Source: CryptoSlate The class action lawsuit essentially centers on claims that Strategy provided somewhat misleading information about Bitcoin investments. According to recently filed court documents, multiple investors have now j...

Eden Gallery, an international art gallery, stated that a group of NFT holders “may have buyers’ remorse, but their losses, if any, are due to market forces.” The art gallery rejected responsibility for NFT (non-fungible token) holders’ losses, arguing that the class action should be thrown out since it cannot be accountable for declines in NFT prices caused by a broader market downturn. In an attempt to dismiss the case, submitted to a New York federal court on Jan. 7, Eden Gallery Group claimed that “general market decline” in NFTs doesn’t prove that fraud or misrepresentation took place as claimed. “Plaintiffs may have buyers’ remorse (even though the NFTs were a digital art product rather than an investment product), but their losses, if any, are due to market forces.” In October, a group of 36 people who bought “Meta Eagle Club” NFTs filed a lawsuit against Eden Gallery. The group accused the gallery of fra...

Crypto exchange Coinbase has cited risks linked to Tron-founder Justin Sun during a lawsuit over its delisting of Wrapped Bitcoin (wBTC). In a recent complaint, the wBTC custodian and Sun-affiliated BiT Global accused Coinbase of using wBTC – the tokenized representation of Bitcoin (BTC) on the Ethereum (ETH) blockchain – as a “cash grab” before delisting it and replacing it with its own version of the asset. Said the complaint, “In the case of wrapped Bitcoin, Coinbase viewed it as just another cash grab. It saw a competitor, wBTC, that had something it wanted: an innovative product that released value inherent in Bitcoin and let users utilize that value in bold new ways… Coinbase decided it would take what it wanted. Once the value in wBTC had been demonstrated, Coinbase changed the rules, delisting wBTC from its platform so that it could no longer be traded on the Coinbase platform – and it did so shortly after launching its own knock-off clone called cbBTC.”...

Justin Sun-affiliated BiT Global has filed a lawsuit in the Northern District of California against Coinbase that alleges a variety of infractions centered around the exchange’s decision to delist Wrapped Bitcoin (WBTC).  When Coinbase decided to delist WBTC, it claimed that as of its “most recent review,” WBTC no longer met its listing requirements. This led Sun to launch a series of hypocritical complaints at the exchange, including implying that Sun-owned Poloniex has deep issues that prevent it from completing a proof-of-reserves process. Launch of cbBTC, WBTC competitor, sparks Justin Sun hypocrisy Read more: Justin Sun reveals Poloniex issues prevent proof of reserves  BiT Global’s lawsuit claims that it risks suffering losses of “more than $1 billion in its market valuation” due to the assaults on its reputation from Coinbase. Furthermore, it tries to claim that Coinbase is motivated by a desire to monopolize the tok...

British man says Welsh city could ‘look like Vegas’ if it dug up lost bitcoin A man who lost 8,000 bitcoins in a Welsh landfill more than 10 years ago has launched a half-billion-pound lawsuit against his local council, claiming that he could have turned the Welsh city of Newport into Las Vegas or Dubai if it had helped him to dig up the missing crypto. James Howells, 39, lost the bitcoins in 2013 after he accidentally threw away his wallet while cleaning his office. Since then, he has drawn up plans for a £10 million ($13 million) landfill excavation and has promised to share 10% of the rescued bitcoin with Newport City Council.  However, the local authority has repeatedly rebuffed his plans, claiming that such an excavation would breach environmental permits and cause a “huge negative environmental impact.”  As a result, Howells threatened to bankrupt the council with legal action and on Saturday, as reported by Wales Online, he submitted a lawsuit seeking almost £500...

Crypto fund manager Bitwise has filed for a spot XRP ETF (exchange-traded fund) that would allow investors to gain exposure to Ripple’s native XRP token. The Bitwise XRP ETF was incorporated on Sept. 30 with CSC Delaware Trust Company listed as the registered agent, according to the filing .  Ripple CEO Said XRP ETF ”Inevitable”  The filing in Delaware comes just months after Ripple’s CEO, Brad Garlinghouse, said that an XRP ETF in the US is “inevitable.” This followed the launch of similar products associated with the crypto market leaders Bitcoin (BTC) and Ethereum (ETH) this year. If approved, a spot XRP ETF would give investors the ability to buy into the remittance token through a regulated vehicle. This could subsequently boost liquidity for the altcoin. In November 2023, rumors of a BlackRock spot XRP ETF launch began to circulate after a fake filing for a “BlackRock iShares XRP Trust” in Delaware was made. This cau...

The cryptocurrency market continues its slump, with Bitcoin (BTC) slipping below $57,000 again. Other assets follow BTC’s suit, with the global market cap dipping 1.9% to $2.07 trillion. Ripple’s XRP token also adheres to the current market trend, falling 0.9% in the daily charts, 3.8% in the weekly charts, 6.3% in the 14-day charts, and 5.5% over the previous month. Despite its recent losses, XRP’s price is up by 7.3% since September 2023. While XRP is facing a fair share of hurdles momentarily, many believe the asset’s price will exceed $10. Let’s find out when. Also Read: Shiba Inu: Here’s How To Become a Millionaire With SHIB by 2025 XRP Price Predictions and Potential Barriers Source: CoinGecko XRP Predicted To Hit $10 According to the analysts at Changelly, Ripple’s XRP token will hit the $10 mark in 2031, potentially reaching a maximum price of $10.77 that year. A rally of around 1932% would result from hitting $10.77 from current price levels....

The FTC’s ban on noncompete agreements – which was to take effect for tens of millions of Americans nationwide on September 4 – is now permanently on hold. In a ruling Tuesday, a federal judge in Texas upheld a challenge to the FTC’s rule banning noncompetes. US District Judge Ada Brown said the government agency lacks the authority to put the ban into effect. An estimated 30 million Americans – 1 out of every 5 workers – work within noncompete agreements in industries ranging from tech to fast food. The FTC argues the agreements stifle workers’ ability to switch jobs and earn higher wages. The rule would have meant that anyone applying for a new job could not be forced to sign a noncompete. Also, for workers with existing agreements, noncompetes would no longer be enforceable. This rule was first proposed in January 2023, with many employees speaking in favor of the proposal. The FTC said it expected the ban to increase workers’ wages by up to $488 billion over the next de...

After what possibly seemed like an eternity for the folks at Ripple and traders of XRP – the token that was at the center of the blockchain company’s years-long courtroom standoff with the United States Securities and Exchange Commission (SEC), the wait is finally over. Indeed, District Judge Analisa Torres has issued a final judgment in the Ripple v. SEC case, ordering Ripple to pay $125 million penalty for the institutional XRP sales, according to the documents shared by defense attorney and popular commentator on the case, James K. Filan, in X posts on August 7. #XRPCommunity #SECGov v. #Ripple #XRP BREAKING: Judge Torres has issued the Final Judgment in SEC v. Ripple.https://t.co/wAYc8A3AbE — James K. Filan (@FilanLaw) August 7, 2024 Ripple’s institutional sales penalty – fragment of SEC’s demands As it happens, this penalty is much lower than the whopping $2 billion in disgorgement demanded by the regulator, which many in the ...

Binance Smart Chain’s ‘biggest’ NFT artist is suing Elon Musk’s X Corp after the social media giant suspended his accounts, allegedly ignoring its own policy and costing him his livelihood. Jeremy Ryan, aka ‘NFT Demon,’ filed a lawsuit in California on Wednesday in which he accuses X (formerly Twitter) of unfairly suspending his seven accounts and ‘severely’ damaging his crypto and NFT businesses.  Ryan, who became an NFT artist after surviving brain cancer, says his record of minted art makes him the largest NFT artist on the Binance Smart Chain. His work has attracted support from numerous celebrities including John Cena and Snoop Dogg. However, he argues that being cut off from his accounts means he has “ lost his predominant source of income and livelihood ,” and that he is losing future profits that could be made if he was still active on X promoting his NFT work.      Screenshots taken of NFT Demon’s art, which mostly resemble other NFT projects such as Bored Ape Yacht ...