Company Offers $100 Million for the Right to Sue ISPs Using Redbox’s Piracy Claims
Last year, the video rental and streaming company Redbox shut down its service and filed for bankruptcy. The service, owned by Chicken Soup for the Soul Entertainment (now CSS Entertainment), was running hundreds of millions in losses per year and no longer saw a path to profitability. The decision also had a direct impact on its ongoing litigation, including some piracy-related lawsuits. Through its subsidiary Screen Media Ventures,...
Apple and Google Pull ICE-Tracking Apps, Bowing to DOJ Pressure
Plus: China sentences scam bosses to death, Europe is ramping up its plans to build a “drone wall” to protect against Russian airspace violations, and more. Powered by WPeMatico
Court Rules BAYC NFTs Are Not Securities
A U.S. federal judge in the Central District of California dismissed a 2022 class-action suit, finding that Yuga Labs’ Bored Ape Yacht Club (BAYC) non-fungible tokens (NFTs) do not meet the Howey test for securities. The ruling concluded plaintiffs failed to show a common enterprise or a reasonable expectation of profits tied to Yuga Labs’ […] Powered by...
Analyst: Cash-to-Crypto Exchange Market Reaches Billions in Russia
The gray cash‑to‑crypto exchange market in Russia moves billions, with Moscow serving as the main hub. Alexey Korolenko, executive director of Cifra Markets, says that while the government has cracked down on some activity, it is difficult to close all trading offices. Russia Moves Billions in Cash-to-Crypto Operations, Analyst Estimates While Russian authorities have recently […] Powered by...
Aster Dominates Record $1.4 Trillion Perpetuals DEX Trading Volume in September
Perpetual DEX trading volumes topped $1.43 trillion in September, a nearly 50% month-over-month increase. Aster led with more than $670 billion, while Hyperliquid and Lighter crossed $100 billion each. Perp DEX Volumes Break $1.4 Trillion in September, Led by Aster and Hyperliquid Perpetual decentralized exchanges (Perp DEXs) recorded a historic milestone in September, with monthly […] Powered by...
