Hollywood Targets AI Copyright Violations with New Detection Technology Amid Legal Push
Hollywood studios are actively pursuing legal action against AI companies like ByteDance for alleged copyright infringement by AI-generated content. The startup LightBar offers technology to detect unauthorized use of copyrighted characters and content in AI training data. Industry groups emphasize the importance of verifiable evidence and attribution in strengthening legal and licensing negotiations.
Kevin O'Leary Wins $2.8M Defamation Judgment Against Crypto Influencer BitBoy
Investor Kevin O'Leary was awarded $2.8 million in a defamation lawsuit against crypto influencer Ben 'BitBoy' Armstrong. The judgment was issued after Armstrong failed to defend himself against claims that he made false statements about O'Leary involving a fatal boating accident. The damages include reputational, emotional distress, and punitive compensation.
Crypto Address Experiences Significant Losses With 9 Swing Trades, Only 1 Profitable Over Six Months
An on-chain analyst reports that a specific Ethereum address executed nine swing trades over six months, with only one trade being profitable. The address recently sold ETH purchased in February at a loss of $171,000. Overall, this trading activity resulted in a cumulative loss of $1.432 million and a win rate of just 11.1%.
YZi Labs Files Revised SEC Consent for Nasdaq-Listed CEA Industry, Holds Significant BNB Investment
YZi Labs, formerly known as Binance Labs, submitted a revised preliminary consent form to the U.S. SEC regarding Nasdaq-listed CEA Industry, a company with large investments in BNB. The filing, following an earlier simplified securities registration in September, is currently under SEC review. YZi Labs plans to announce further developments related to CEA Industry in the near future.
Andre Cronje Launches Flying Tulip Public Sale with $1 Billion Cap Focused on Low-Risk Yield Stra...
Andre Cronje’s new project Flying Tulip (FT) is launching a public sale tomorrow open to all users with a fundraising cap of $1 billion. The funds raised will be invested solely in low-risk yield strategies. This announcement signals significant investor interest given Cronje's reputation in DeFi innovation.
YZi Labs Submits Revised Preliminary Consent Form to SEC Amid Ongoing Review
YZi Labs announced the submission of a revised preliminary consent form to the SEC on February 13th for review. Shareholders currently cannot vote or submit consent forms during this period. The company plans to provide updates on the schedule and aims to strengthen BNC collaboratively.
The founder of DefiLama, 0xngmi, revealed that crypto projects issuing tokens have a 50% greater failure rate after reaching product-market fit (PMF). PMF is defined as projects reaching over $10 million in TVL or $1 million in monthly fee revenue. This insight suggests that token issuance may be a significant risk factor in project longevity.
Coinbase CEO Highlights Retail Investors' Resilience with Increased Bitcoin and Ethereum Holdings...
Coinbase CEO Brian Armstrong revealed that retail investors on Coinbase have demonstrated resilience during current market downturns by purchasing dips. Their holdings of Bitcoin (BTC) and Ethereum (ETH) have increased in native units despite challenging conditions. This behavior suggests confidence and a long-term investment perspective among retail users.
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Strategy Confirms Sufficient Assets to Cover Debt Even if Bitcoin Falls to $8,000
Strategy announced that it holds enough assets to cover all outstanding debts even if Bitcoin's price drops to $8,000. Founder Michael Saylor revealed plans to convert the company's convertible debt. This reassures investors about the company’s financial stability amid Bitcoin price volatility.
Altcoin Season Index Reflects Predominance of Bitcoin Over Top Altcoins
CoinMarketCap's Altcoin Season Index currently stands at 37, indicating that Bitcoin is outperforming most altcoins. The index compares the price performance of the top 100 cryptocurrencies, excluding stablecoins and wrapped coins, against Bitcoin over the past 90 days. An altcoin season is defined as a period when 75% of top altcoins outperform Bitcoin, but the current score is significantly below that threshold.