LBRY Inc. Shuts Down After SEC Judgment and Financial Woes
LBRY Inc., the blockchain company behind the LBRY blockchain and Odysee video-sharing platform, has announced the end of its operations, citing insurmountable debts, including a judgment from the SEC. The cryptocurrency community reacts with shock and support. The financial world and blockchain industry received a significant shakeup recently with the announcement that LBRY Inc., has […]
John Deaton Joins LBRY Lawsuit as Amicus Curiae
John Deaton, an attorney representing several token holders in the Ripple-Securities and Exchange Commission (SEC) lawsuit, has formally filed his notice of appearance as an Amicus Curiae in the LBRY litigation. According to a document filed with the United States Court of Appeals for the First Circuit on September 14, 2023, Deaton has officially filed […]
LBRY reveals forced censorship with Apple during COVID-19
Following Elon Musk’s tweet about a reduced activity of Apple’s advertising on Twitter, blockchain-based file-sharing and payment network LBRY commented that Apple forced it to censor certain terms during COVID-19. LBRY asserts in a November 28 tweet that the company was instructed to conceal all references to COVID-19, including immunizations and the human origins of […]
SEC Wins Case Against LBRY
In a dispute against a decentralized publishing platform, the U.S. Securities and Exchange Commission (SEC) won. In a victory for the Securities and Exchange Commission, a federal judge ruled on Monday that video-hosting platform LBRY Inc. sold its native token to American investors in an unlicensed manner. This decision could open the door for other, […]