Amazon Piracy Lawsuit: Court Restrains Assets & Domains of Pirate Sites
Jul12

Amazon Piracy Lawsuit: Court Restrains Assets & Domains of Pirate Sites

Earlier this week, Amazon Content Services, publisher Penguin Random House and several authors including John Grisham and Lee Child, filed a copyright infringement lawsuit against ‘pirate’ eBook sites operating under the Kiss Library brand. Accusing the platforms of “rampant and willful infringement” due to their sales of pirated eBooks to the public, the plaintiffs alleged direct and secondary copyright...

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Rapidgator Uses DMCA to Crack Down on Premium Link Generators
Jul12

Rapidgator Uses DMCA to Crack Down on Premium Link Generators

Founded in 2010, Rapidgator has grown to become an established name in the file-hosting business over the past decade. The site has millions of regular users but is not particularly well-liked by copyright holders. This resulted in a spot on both US and EU lists of notorious piracy markets. Rapidgator dismisses these characterizations and bills itself as a content-neutral hosting platform. The company accepts and processes DMCA...

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Japanese Broker Launches Crypto-Based CFDs With 2x Leverage
Jul11

Japanese Broker Launches Crypto-Based CFDs With 2x Leverage

The Japanese online securities company Monex has revealed the launch of cryptocurrency-based contract-for-difference (CFD) services that went live on Wednesday. The new derivatives products offered by Monex will include bitcoin, XRP, ether, and bitcoin cash pairs with 2x leverage. Japanese digital currency exchanges are getting into leverage products as the firm Monex has revealed a derivatives product otherwise known as a...

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Bitfinex Must Face New York’s Accusations Over the Loss of $850M in Co-Mingled Funds
Jul11

Bitfinex Must Face New York’s Accusations Over the Loss of $850M in Co-Mingled Funds

The popular digital currency trading platform, Bitfinex must deal with the New York Office of the Attorney General (NYAG) over the alleged hiding of over $800 million in client and corporate funds. The NY state Supreme Court’s Appellate Division overruled an appeal on Thursday, after the company put forth the argument that tether (USDT) was not a security or traditional commodity. Last year in April, New York prosecutors alleged...

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Bitcoin Bull Mike Novogratz Says to Hold More Gold Than Bitcoin
Jul11

Bitcoin Bull Mike Novogratz Says to Hold More Gold Than Bitcoin

The billionaire investor Michael Novogratz recently detailed in an interview that he thinks global investors should hold more gold in their portfolios and own less bitcoin. Novogratz’s statements follow his recent advice last month when he said investors should “watch gold and bitcoin.” Michael Novogratz is a well known investor and was a hedge fund manager at the investment firm Fortress Investment Group for years....

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