Thursday, July 31, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Report – Featured Bitcoin Information

by SB Crypto Guru News
November 9, 2022
in Bitcoin
Reading Time: 4 mins read
0 0
A A
0


Report – Featured Bitcoin Information

Actuality TV star Kim Kardashian and boxing legend Floyd Mayweather Jr. reportedly received a tentative courtroom ruling in a class-action lawsuit involving the Ethereummax token. Traders have accused the celebrities of hyping Ethereummax and pumping the EMAX crypto token.

Choose’s Tentative View

U.S. District Choose Michael Fitzgerald gave his “tentative view” Monday in a class-action lawsuit filed in January in opposition to Kim Kardashian and Floyd Mayweather Jr. over their promotion of the Ethereummax token, Bloomberg reported Tuesday. Former NBA star Paul Pierce can be a defendant within the proposed class-action go well with.

The lawsuit alleges that the truth tv star and ex-boxing champion scammed traders by hyping the Ethereummax token, inflicting traders to have to purchase EMAX at “inflated costs.” The plaintiffs detailed that the token’s value surged 1,370% quickly after its launch in Could final yr however then hit an all-time low in July — “a 98% drop from which it has not been capable of recuperate.”

In Monday’s written order, Choose Fitzgerald defined the legal professionals representing the traders are “making an attempt to behave like” the U.S. Securities and Alternate Fee (SEC), the publication conveyed. He added that they “haven’t chosen to view the tokens as a safety” and didn’t invoke a typical securities fraud declare of their case. Fitzgerald additionally famous that the celebrities didn’t “care to label the tokens as a safety for apparent causes.” The choose stated he’ll subject a remaining written order later.

Kardashian Not too long ago Settled With SEC

The SEC charged Kardashian on Oct. 3 “for touting on social media a crypto asset safety supplied and offered by Ethereummax with out disclosing the fee she obtained for the promotion.” The securities regulator detailed on the time:

The SEC’s order finds that Kardashian didn’t disclose that she was paid $250,000 to publish a submit on her Instagram account about EMAX tokens, the crypto asset safety being supplied by Ethereummax.

The SEC famous that with out admitting or denying its findings, Kardashian “agreed to pay $1.6 million, together with roughly $260,000 in disgorgement, which represents her promotional fee, plus prejudgment curiosity, and a $1,000,000 penalty.” She additionally agreed “to not promote any crypto asset securities for 3 years.”

Tags on this story
Emax, emax tokens, EthereumMax, Floyd Mayweather Jr EMAX tokens, Floyd Mayweather Jr ethereummax, Floyd Mayweather Jr lawsuit, Floyd Mayweather Jr SEC, Floyd Mayweather Jr., Kim Kardashian, Kim Kardashian EMAX tokens, Kim Kardashian EthereumMax, Kim Kardashian lawsuit, Kim Kardashian SEC

Do you suppose Kim Kardashian and Floyd Mayweather Jr. ought to be chargeable for the losses suffered by EMAX traders? Tell us within the feedback part under.

Kevin Helms

A scholar of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source methods, community results and the intersection between economics and cryptography.

Picture Credit: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This text is for informational functions solely. It isn’t a direct supply or solicitation of a proposal to purchase or promote, or a advice or endorsement of any merchandise, providers, or corporations. Bitcoin.com doesn’t present funding, tax, authorized, or accounting recommendation. Neither the corporate nor the creator is accountable, straight or not directly, for any harm or loss brought about or alleged to be attributable to or in reference to using or reliance on any content material, items or providers talked about on this article.

Extra Widespread Information

In Case You Missed It





Source link

Tags: BitcoinBitcoin NewsCrypto NewsCrypto UpdatesFeaturedLatest News on CryptoNewsReportSB Crypto Guru News
Previous Post

Crypto Newswire Service Chainwire Awarded 9 Excellency Badges by G2 – Blockchain Information, Opinion, TV and Jobs

Next Post

FTT token energetic addresses near 0 for everything of 2022

Related Posts

Charles Hoskinson Backs ADA as Bitcoin’s DeFi Layer: Is Cardano Set to Outperform BTC?

Charles Hoskinson Backs ADA as Bitcoin’s DeFi Layer: Is Cardano Set to Outperform BTC?

by SB Crypto Guru News
July 31, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Cardano founder Charles Hoskinson has made one...

XRP Price Consolidation Deepens – Resistance Still Capping Upside

XRP Price Consolidation Deepens – Resistance Still Capping Upside

by SB Crypto Guru News
July 31, 2025
0

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms...

Ripple: Tokenized Assets to Approach T by 2033—90% of Finance Leaders See Massive Blockchain Impact

Ripple: Tokenized Assets to Approach $19T by 2033—90% of Finance Leaders See Massive Blockchain Impact

by SB Crypto Guru News
July 31, 2025
0

A new Ripple report reveals global banks are rapidly shifting to blockchain, forecasting a $19 trillion tokenized asset explosion as...

Ripple CEO Debunks SWIFT Partnership, XRP To Dramatically Change Payments Infrastructure

Ripple CEO Debunks SWIFT Partnership, XRP To Dramatically Change Payments Infrastructure

by SB Crypto Guru News
July 30, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ripple CEO Brad Garlinghouse has made it...

Mike Novogratz Changes His X Avatar To A Nakamigos NFT

Mike Novogratz Changes His X Avatar To A Nakamigos NFT

by SB Crypto Guru News
July 30, 2025
0

Join Our Telegram channel to stay up to date on breaking news coverage Billionaire Mike Novogratz, the chief executive officer...

Load More
Next Post
FTT token energetic addresses near 0 for everything of 2022

FTT token energetic addresses near 0 for everything of 2022

Helios: mild shopper : ethereum

Helios: mild shopper : ethereum

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.