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Elon Musk stated that his social media company X (formerly Twitter) will fund the legal bills of any user that was treated unfairly by their employer for engaging with content on the platform. In an April 5 X thread announcing the move, Musk said that lawsuits of any scale will
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Coinbase released its financial results for the second quarter of the year, beating the analysts’ expectations. The company reported $663 million in net revenue, which is down by 10% compared to the same period last year. Coinbase also
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Lawyers representing former FTX CEO Sam Bankman-Fried, also known as ‘SBF’, have requested the court seal documents related to his interviews with a New York Times reporter revealing details about his relationship with Caroline Ellison. In a July 27 filing in United States District Court for the Southern District of New
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Concerns of a potential appeal by the United States securities regulator to the landmark Ripple ruling earlier this month were shrugged off by Ripple’s chief legal officer Stuart Alderoty.Alderoty believes if the SEC takes the case to an appeal, the court could move to consolidate Ripple Labs’ partial victory over
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Josh Gerben, a trademark attorney with Gerben Intellectual Property, has suggested the company formerly known as Twitter could spend upward of $100 million in dealing with litigation as a result of the X rebranding.In a July 25 X thread, Gerben predicted that lawsuits against X related to trademark infringement could
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Though the Law Commission findings are welcome, he believes they’re not enough. “We need to move, in short order, to companies legislation, to regulation, to tax, and to any other area which is fundamentally important to the ecosystem,” Katz said. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The bankrupt crypto lending firm Celsius has filed a motion seeking relief for the distribution of funds resulting from the sale of GK8, a self-custody platform. The settlement, agreed upon by the debtors, the creditors’ committee,
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Bankrupt cryptocurrency lending firm Celsius has requested the court to grant relief in the motion related to the distribution of funds from its sale of the self-custody platform GK8.The Celsius Network’s debtors on July 17 submitted a filing stating that its Series B holders have agreed on a settlement to
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Gensler’s tough cop routine, which to some extent is precisely the point of this crusade against crypto, cannot be abandoned. That would signal weakness, and weakness is political death. The more likely play of a masterful political operator, which the chair undoubtedly is, is to double down on enforcement and,
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Terraform Labs co-founder Shin Hyun-Seong, also known as Daniel Shin, has reportedly had his first hearing for charges related to allegedly illicit profits from the sale of Terra (LUNA).According to a July 10 report from News1 Korea, a trial preparation hearing for Shin and 7 alleged accomplices began in a
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