Elon Musk Shares ‘Massive Incentive to Move Money out of Bank Accounts’
Tesla and Twitter CEO Elon Musk has shared a “massive incentive” to move money out of bank accounts, citing a significant interest rate gap created by the U.S. Treasury and the Federal Reserve. “As more people & companies realize this, bank depositor flight will accelerate to extreme levels, even for banks that are ‘too big to fail,’” Musk warned. Massive Incentive to Move Money Out of Bank Accounts Tesla and Twitter CEO Elon Musk...
Crypto Exchange Bittrex Enters Chapter 11 Bankruptcy Protection Following SEC Lawsuit
Bittrex Inc., the U.S.-based cryptocurrency exchange, has filed for Chapter 11 bankruptcy protection in Delaware after being sued by the U.S. Securities and Exchange Commission for failing to register with the regulator. The exchange reportedly has over 100,000 creditors and liabilities ranging from $500 million to $1 billion. Bittrex Bankruptcy Filing Reveals Over 100,000 Creditors and $1 Billion in Liabilities Bittrex Inc. filed for...
Court Overrules Subscribers’ Objections in ISP Piracy Liability Lawsuit
Two years ago, a group of several film companies including the makers of Hellboy, Rambo V, The HItman’s Bodyguard, and Dallas Buyer’s Club, sued Internet provider Grande Communications. The filmmakers accused the Astound-owned ISP of not doing enough to stop pirating subscribers. Specifically, they alleged that the company failed to terminate repeat infringers. In addition to millions of dollars in potential damages, the plaintiffs...
Poking Nintendo: Why the ‘Lockpick’ DMCA Blitz Should Surprise Absolutely No One
Nintendo’s N64 console went on sale in Japan in June 1996, selling for ¥25,000 (around US$185). By the end of day one, all 300,000 units had sold out. For hardcore gamers in Europe facing a release date eight months away, importing an N64 was a tempting but expensive option. Adjusted for inflation, imported Japanese N64s changed hands for the equivalent of $1,400 in today’s money; a copy of Super Mario 64? A snip at $165. Months...
Top 10 Most Pirated Movies of The Week – 05/08/2023
The data for our weekly download chart is estimated by TorrentFreak, and is for informational and educational reference only. These torrent download statistics are only meant to provide further insight into the piracy trends. All data are gathered from public resources. This week we have four newcomers on the list. “Dungeons & Dragons: Honor Among Thieves”, which came out as a high-quality pirate release, is the most downloaded...
