TL;DR According to a U.S judge, the stock trading platform Robinhood Markets Inc should face market manipulation claims. This lawsuit was one of many brought against the platform after it temporarily barred customers from purchasing stocks back in Jan 2021, such as GameStop and AMC. Robinhood prices surged in May...
Summary: Elon Musk has filed a countersuit against Twitter over the now uncertain $44 billion deal. The lawsuit was filed late Friday, July 29th, a few hours after a Judge set October 17th as the beginning of Twitter’s case against him. Tesla’s CEO and SpaceX founder, Elon Musk, has counter-sued...
In brief: Judge Kathaleen McCormick, who is handling the Twitter lawsuit against Elon Musk, has set an October hearing for the case. Elon Musk, through his lawyers, had sought to push the lawsuit to February 2023. Judge McCormick’s decision was made via Zoom as she had earlier been diagnosed with...
Summary: SBI Holdings has invested an undisclosed amount in the New York-based startup of Digital Asset. The two companies will establish a joint venture in Japan under equal ownership, operating within the country and the East Asian Markets. SBI Holdings and Digital Asset will collaborate to drive a concept of...
Quick take: A meme account Tweeted a fake headline that Costco was raising the price of its hot dogs due to inflation. The fake news was widely circulated even by mainstream media leading to Costco’s stock falling by 13%. The stability of $1.50 hot dogs has resulted in crypto Twitter...
Dubai virtual asset regulatory authority VARA looks forward to its Metaverse debut with the Sandbox This will be the first instance where a crypto regulatory authority is marking its presence in the metaverse by launching its virtual digital headquarters. Dubai’s recently established virtual asset regulatory authority commonly referred to as...
Summary: Tyler Winklevoss has thanked Elon Musk for his successful bid on Twitter According to Reuters, Twitter is set to accept Musk’s $43 billion offer Cameron Winklevoss hails the purchase of Twitter as a new beginning for free speech as it will end censorship on the platform The co-founder of...
Summary: Elon Musk has stated that the salaries of Twitter board members ‘will be $0’ if his takeover bid succeeds Elon was responding to a Tweet suggesting that the Twitter Board members earn between $250k to $300k a year for a ‘part-time job’ The Twitter board, excluding Jack Dorsey, collectively...
Summary: Google has issued an emergency security update for Chrome (version 99.0.4844.84) The security update addresses just a single issue: an actively exploited zero-day vulnerability identified as CVE-2022-1096 Google has not released technical details of the vulnerability Earlier this year North Korean hackers had exploited a similar vulnerability, targeting crypto...
President Volodymyr Zelenskyy signs virtual asset law as Ukraine looks to regulate crypto exchanges and maintain funding routes for defense efforts against Russia.
Cryptocurrency exchange giant FTX furthers expansion push with its latest license issued by market supervisors in the United Arab Emirates. FTX has obtained regulatory approval from Emirati authorities. The exchange is set to operate in the UAE under a virtual asset exchange (VAX) license. CEO Sam Bankman-Fried confirmed the news...
Quick take: Ukraine has purchased 5,550 bulletproof vests, 500 ballistic plates for the vests, 500 helmets, and more using the country’s crypto fund According to the Deputy Minister of Digital Transformations of Ukraine, Alex Bornyakov, the equipment is already saving lives in the field Deputy Minister Bornyakov has thanked everyone...
