US judge says Robinhood will face market manipulation claims

[U.S. judge says Robinhood will face market manipulation claims] Jinse Finance reported that a U.S. judge ruled on Thursday that Robinhood Markets Inc (HOOD. limits. Investors in nine stocks may file a class action lawsuit against Robinhood, U.S. District Judge Cecilia Altonaga in Miami ruled. Stocks implicated in manipulation claims include GameStop Corp (GME.N), AMC Entertainment Holdings Inc (AMC.N) and other unusual stocks. These stocks claim that these restrictions artificially increase the supply of stocks.

Robinhood Markets temporarily banned clients from investing in these stocks during the 2021 meme rally because the markets for these stocks got so high.

Other news:

U.S. judge allows XRP holders to assist court in SEC v. Ripple case: Jinse Finance reports that U.S. federal judge Analisa Torres rejected XRP holders' motion to intervene in the SEC case against Ripple because it would be "inappropriate" Delaying the action\". However, there is a glimmer of hope that movers can now proceed as amici curiae, which means they will be able to submit briefs. Accordingly, the movers shall be permitted to act as amicus curiae in this proceeding in their personal capacity. Accordingly, the motioner should be allowed to assist the court by presenting issues of law that have been approved in advance by the court in relation to the case. It should be noted that XRP holders are not allowed to give evidence or present witnesses. Their participation is limited to legal issues to prevent the appearance of bias.

The motion was initially rejected without prejudice in mid-March due to a technical error, previously reported. (u.today) [2021/10/5 17:24:21]

News | Bitcoins confiscated by the U.S. government are often sold in public auctions conducted by the U.S. Marshals Service: In October 2019, the U.S. Drug Enforcement Administration seized approximately 3.680 Bitcoins, 43.9 Monero and 26.14 Bitcoins, according to Forfeiture.gov data litecoin. Managed by the U.S. Department of Justice's Asset Forfeiture Administrator, this website contains a comprehensive list of pending forfeiture notices. The DEA basically issued a notice saying that the property listed in its announcement was forfeited by the federal government for violating federal law. In October, the US Internal Revenue Service seized 8.22792808 BTC. This year, the FBI seized more than 4.43 BTC and more than 16 BCH. The U.S. Attorney’s Office confiscated 350.941 BTC and 4274.58 ETH from Gemini Trust Company on September 20, 2018; 2724.77 ETH from BitGo in October 2018. The U.S. Attorney’s Office has confiscated more than 10 times, including Litecoin and Tether from cryptocurrency exchange wallets. U.S. Customs and Border Protection revealed that it has seized more than 3.89 BTC this year, while the U.S. Secret Service has seized 3.9998 BTC. According to Investopedia research, confiscated bitcoins are often sold in public auctions run by the U.S. Marshals Service. The report also said that approximately $1 billion worth of digital currency is in the custody of U.S. law enforcement, making the U.S. Marshals Service, which sells confiscated bitcoins, a major player in cryptocurrencies. (AMBCrypto)[2019/12/22]

Voice | U.S. Court: Victims of Mt. Gox must sue Tokyo, not the United States: Since the 2014 hacking incident, the Mt. Gox exchange is still in the shadow of the matter. The U.S. District Court for the Eastern District of Pennsylvania recently ruled that it lacked jurisdiction over the Mt. Gox victims and the related banking case, and that the victims should go to Tokyo, Japan, to file the lawsuit. [2018/9/13]