2 min read
Business

Judge’s Decision in SEC’s Coinbase Lawsuit Deals Blow to Crypto Industry, Defines Secondary Token Sales as Securities

In a recent ruling made by the Securities and Exchange Commission (SEC) in the Coinbase insider trading lawsuit, the cryptocurrency industry faces a significant setback. The judge presiding over the case has declared that secondary token sales conducted by Coinbase were considered securities, setting a new precedent that could have far-reaching implications.

2 min read
Business

Ruling overturned: Court spares ISP from massive $1 billion piracy penalty

A federal court has recently blocked a $1 billion copyright ruling that penalized an Internet Service Provider (ISP) for its users’ piracy activities. The decision highlights an ongoing battle between content creators and ISPs over who should be responsible for copyright infringement online.

3 min read
Business

Elon Musk Criticizes Pay Ruling, Vows to Fight Against Controversial Decision

In a surprising move, Neuralink, the pioneering neurotechnology company founded by Elon Musk, has recently announced its decision to relocate its headquarters from Delaware to Nevada. This strategic move comes in response to a recent pay ruling that Elon Musk vehemently opposes.

2 min read
Business

Neuralink Moves Headquarters Following Tesla Pay Package Ruling: Elon Musk Fumes

Elon Musk, the renowned entrepreneur and CEO of both Tesla and SpaceX, has decided to relocate his startup Neuralink from Delaware to Texas. This strategic move comes after a recent ruling regarding Musk’s pay package at Tesla left him feeling miffed and dissatisfied.

3 min read
Business

Elon Musk Expresses Outrage as $55 Billion Tesla Pay Ruling Ignites Fury

In a recent turn of events, renowned entrepreneur Elon Musk expressed his displeasure over a court ruling that required Tesla to pay $55 billion as part of a lawsuit. Fuming with dissatisfaction, Musk decided to take matters into his own hands and announced the relocation of his brain-computer interface company, Neuralink, from Delaware to Nevada. This decision comes as a bold move by Musk, intended to showcase his frustration with the legal system and its impact on his ventures.

2 min read
Business

Spirit Airlines Faces Mounting Financial Woes as it Battles Continuous Losses in 2020

– The airline aims to challenge recent court decision, preventing the planned merger
– Spirit Airlines determined to capitalize on potential synergies with JetBlue
– Multiple efforts underway to stabilize financial position and ensure future growth

3 min read
Business

Apple Faces Resistance as Epic Games Plans to Contest App Store’s ‘Bad-Faith’ Conformance with Court Order

Epic Games, the creator of popular video game Fortnite, has announced that it intends to challenge Apple’s alleged ‘bad-faith’ compliance with a recent court ruling regarding the App Store. The move comes after a lengthy legal battle between the two tech giants, with Epic accusing Apple of anti-competitive practices and monopolistic behavior.

3 min read
Business

Gensler hints Grayscale ruling forced SEC to take ‘new look’ at Bitcoin ETFs

Following the recent ruling on grayscale trading and the subsequent suspension of its products, the U.S. Securities and Exchange Commission (SEC) has been prompted to reevaluate their stance on Bitcoin exchange-traded funds (ETFs). The decision made by Gary Gensler, the SEC Chairman, has generated immense interest and anticipation within the cryptocurrency community regarding the future of these investment vehicles.

3 min read
Business

Elon Musk must testify in SEC probe of Twitter takeover, according to tentative ruling

In a significant development, Elon Musk, renowned entrepreneur and CEO of Tesla and SpaceX, has been ruled to testify in an ongoing investigation by the U.S. Securities and Exchange Commission (SEC) relating to a Twitter takeover. This tentative ruling, which could have far-reaching ramifications, was revealed today during a court hearing.