In the midst of Delaware’s recent legal upheavals affecting major companies, Balaji Srinivasan, the former Chief Technology Officer (CTO) of Coinbase, has sparked an intriguing conversation. He’s championing Decentralized Autonomous Organizations (DAOs) on Ethereum and Solana, presenting them as promising options for those looking to escape the troubles of the corporate world. An Out-of-the-Box Solution?…
A Colorado pastor, Eli Regalado, and his wife, Kaitlyn Regalado, find themselves in hot water as they face allegations of orchestrating a $3 million crypto fraud scheme. The judge overseeing the case has now decided to extend the freeze on their accounts, preventing any further sale of cryptocurrency in the state. Unraveling the $3 Million…
In a fresh legal twist, renowned nonfiction authors Nicholas Basbanes and Nicholas Gage have thrown a class-action lawsuit at Microsoft and OpenAI. The charge? Copyright infringement related to the utilization of their literary creations in training AI models. Authors Take a Stand This lawsuit, recently filed in a Manhattan federal court, joins a wave of…
In a significant legal move, The New York Times has filed a lawsuit in Manhattan’s Federal District Court against OpenAI and Microsoft. The newspaper alleges that these tech giants have utilized its vast archive of articles to train their AI technologies. This legal battle marks the first instance of a major American media company taking…
In the midst of a continuing investigation into market manipulation and insider trading at the cryptocurrency exchange Bithumb, a South Korean court has granted bail to Won Young-sik, a prominent media mogul and business executive. Won Young-sik, formerly the CEO of Chorokbaem Group, the parent company of Chorokbaem Media, has been at the center of…
The world of cryptocurrency, usually seen as a playground for digital renegades and trailblazers, is currently grappling with a stark reality. A bunch of its top dogs are knee-deep in legal trouble, with the threat of jail time looming large. By 2024, these legal battles could really shake things up in the crypto universe. Let’s…
Stuart Alderoty, the chief legal eagle at Ripple, recently shared his thoughts on some of the Securities and Exchange Commission’s (SEC) recent legal hiccups. He’s been pretty vocal on social media, pointing out a couple of big setbacks the SEC has faced in court. First off, Alderoty talked about a decision from a Federal Appeals…
