Apple Denies United States Monopoly Claims in Court
In a letter announcing its intention to file an antitrust lawsuit in the United States, Apple asserts that it “faces fierce competition” and is not involved in a monopoly in the technology region. Apple’s attorneys denied U.S. allegations of anticompetitive behaviour in a letter dated May 21 to New Jersey federal judge Julien Neals, requesting a conference […]
US Prosecutors File for 5-7 Yrs Jail Term for Ryan Salame
US prosecutors are demanding a reduced prison sentence of five to seven years for former FTX executive Ryan Salame, wingman of FTX co-founder Sam “SBF” Bankman-Fried. Federal prosecutors submitted a sentencing memo to a Manhattan federal court on May 21, requesting Salame to serve a stringent sentence in light of his guilty plea for “serious […]
Hong Kong PCPD Orders Worldcoin to Stop Operations
The Office of the Privacy Commissioner for Personal Data (PCPD) of Hong Kong states that Worldcoin’s activities contravene the Privacy Ordinance and orders it to stop The Privacy Commissioner, Chung Liling, served the Worldcoin Foundation with an enforcement notice on May 22. The notice mandated the prompt cessation of all Worldcoin project activities in Hong […]
Gala Games Hacker Returns $22M in Ether from Attack
Gala Games has been reimbursed approximately $22 million in Ether by the hacker accountable for minting $200 million worth of GALA tokens on May 20. The incident involved issuing and selling a fraction of the $200 million worth of Gala GALA tokens before the wallet was blocked. Nearly the market value of the 600 million […]
Harvest CEO Seeks Spot Bitcoin ETF Options for Mainland China
According to its CEO, Harvest, the issuer of a spot Bitcoin exchange-traded fund (ETF) in Hong Kong, is seeking options to grant mainland Chinese investors access to its Bitcoin ETF. Han Tongli, CEO and CIO of Harvest is contemplating alternatives that would enable investors from mainland China to acquire the company’s Bitcoin and Ether exchange-traded […]