A federal judge ruled Monday that Wylie Aronow and Greg Solano, co-founders of Yuga Labs—the $4 billion firm behind dominant NFT collection Bored Ape Yacht Club (BAYC)—must face deposition in the company’s ongoing trademark infringement lawsuit against Ryder Ripps, the conceptual artist and internet provocateur. The ruling marks the latest escalation in a protracted and lurid saga involving one of…
After several years of development, Apple’s first major step into the metaverse—a high-end, mixed-reality headset—will reportedly be unveiled to the world for the first time this spring. According to a report from Bloomberg, the tech giant is likely to show off its hybrid headset in the coming months, ahead of its annual Worldwide Developers Conference (WWDC), which typically takes place…
A New York-based law firm says it has begun an investigation into whether Bitcoin miner Core Scientific and its leadership potentially engaged in “securities fraud and other unlawful business practices” which led to its stock price falling on several occasions. According to securities class action firm Pomerantz LLP, the investigation was prompted by a report from Culper Research in 2022, which alleged…
Flare, a new layer-1 Ethereum Virtual Machine blockchain platform, has gone live with the launch of two core protocols aimed at powering decentralized interoperability applications. The platform serves as an oracle network that allows developers to build applications that are aimed at being interoperable with different blockchains and internet platforms and services. Flare features two protocols that power its application-building…
According to a report from South Korea, the Korean subsidiary of Huobi Global is planning to cut ties with the parent company. The management of the trading platform stated that they plan to “strengthen its position” as a domestic cryptocurrency exchange and change its name. Huobi Experiences Significant Withdrawals as Subsidiary Huobi Korea Looks to Go Independent There has been…
Traders might rejoice now that Bitcoin price ventured above $17,400, but twenty-seven long days have passed since Bitcoin (BTC) last breached the $17,250 resistance. On December 13, after a two-week-long lateral movement, Bitcoin posted a 6.5% rally toward $18,000 and even though the current movement still lacks strength, traders believe that a retest of the $18,250 resistance remains possible. Bitcoin…
Logan Paul will not see YouTuber Coffeezilla in court. After becoming embroiled in an online feud with self-described “internet detective” Coffeezilla—also known as Stephen Findeisen—Paul has dropped the legal threats made last week via a controversial, now-deleted response video. “Logan called me,” Findeisen wrote on Twitter Saturday. “He said he’s deleting the two responses, and is dropping the lawsuit threats.”…
The United States Commodity Futures Trading Commission (CFTC) filed suit against self-described digital artist Avraham Eisenberg on Jan. 9, charging him with two counts of market manipulation in connection with an exploit of decentralized finance platform Mango Markets. Eisenberg was arrested on related charges on Dec. 27 and is currently in custody. The CFTC claimed in its suit that Eisenberg…
It’s been less than a month since Donald Trump’s official NFT trading cards launched to a mostly perplexed response, even from his supporters, and the ensuing hype was sizable but short-lived. Now the NFT trading card project has slumped to new lows as trading demand continues to vanish. Secondary market trading volume for the Trump Digital Trading Cards project hit…
The Commodity Futures Trading Commission filed charges against Avraham Eisenberg on Monday, accusing him of manipulating the Mango Markets decentralized exchange and stealing over $110 million in digital assets. The news comes a week after the Department of Justice charged Eisenberg with the October 11, 2022 hack. “The goal of Defendant’s scheme was straightforward: to artificially inflate the value of…
