public-driven lawsuit canceled

The class-action lawsuit against and Roger Ver is canceled due to the donations not covering the costs of legal proceedings
04 May 2018   1926

We've recently reported on the class-action lawsuit against Roger Ver and his site for fraud and purposeful misinformation of customers. But it seems that the legal battle isn't to be. The lawsuit was canceled for the time being, according to the official site of the movement.

The class-action lawsuit was called off because the donations weren't enough to pay for the law firm services. It's actually strange, because the Telegram group chat have gathered more than a thousand victims of Ver's misleading actions.

The movement managed to raise only $3,760 or 0.39 BTC through donations. Obviously, it's not nearly enough to pay for the undisclosed law firm assistance in building the case. The price, as reported by MoneyTrigz - the person behind the start of the whole deal, was quoted to be around $1 million and with three years of litigation it seems that no one is willing to pursue the legal path. Especially after has already stopped labeling BCH as the real Bitcoin. Apparently, the threat of the lawsuit was enough in this case, but it remains to be seen, if the site doesn't return to its, frankly, scammy disposition towards the newcomers of the cryptocommunity.

The at the time of press has already started refund process for all the donation received during the campaign.

Rakuten to Allow to Convert Loyalty Points to Crypto

Rakuten Super Points can be exchanged for three cryptocurrencies: Bitcoin, Ethereum and Bitcoin Cash, but customers must have Rakuten Wallet
24 December 2019   259

The trading platform of the Japanese financial services giant Rakuten Wallet will allow Rakuten Group customers to convert loyalty points into digital assets.

According to the company this Tuesday, Rakuten Super Points can be exchanged for three cryptocurrencies: Bitcoin, Ethereum and Bitcoin Cash. Previously, customers will have to register an account with Rakuten Wallet. The minimum amount for an exchange is 100 points. During such operations, the rate of one “super point” will be set at the level of one yen ($ 0.0091).

Through the launch of the new service, Rakuten Wallet hopes to reduce the barriers of entry to crypto asset trading by providing an easy and more accessible way for new users to start, including novice users who are interested in crypto asset trading with no prior experience. The service also increases the range of uses for Rakuten Super Points across the Rakuten Group’s ecosystem of services, making the Rakuten loyalty membership program even more attractive and convenient.


Rakuten Wallet

Restrictions on the amount of one transaction apply, as well as the amount of points available for conversion per month - up to 500,000 ($ 4,570). Initially, the service will be available only to users of the Android application, but next month its support will be implemented in the iOS application.

The public launch of Rakuten Wallet took place this August. The exchange is one of the few regulated entities for cryptocurrency trading in Japan.