Author: Jeremy Ryan

Mason Rothschild is continuing to fight for his MetaBirkins NFTs, despite losing his court battle against Hermès. Mason Rothschild is not giving up the fight. On February 8th 2023, Rothschild, and his MetaBirkins NFTs, were beaten by luxury brand Hermès in court. Moreover, the jury ruled that his digital art was liable for trademark infringement, trademark dilution, and “cybersquatting”. Nevertheless, Rothschild, who will have to pay $133,000 in damages to Hermès, is holding firm in his beliefs. The digital artist took to Twitter to express his disappointment with the decision.  He said: “A broken justice system that doesn’t allow an art…

Lawyers representing bankrupt crypto broker Voyager Digital have served former FTX CEO Sam Bankman-Fried and other FTX and Alameda Research executives with subpoenas requesting information.The subpoenas have a very wide scope, with Voyager’s lawyers seeking copies of any documents and communication between FTX entities and the Securities and Exchange Commission or the Department of Justice, according to the Feb. 6 filing.Amongst a plethora of other requested documents, the lawyers also want to see information relating to the loan portfolio between Alameda and Voyager as well as FTX’s financial condition before and after it filed for bankruptcy on Nov. 11.The other…

NFT It comes nearly one month after the collection sold out. Luxury accessories and luggage brand The Bugatti group has launched a portal for holders of its special SHIBOSHI NFT collection to claim their physical items. The luxury brand announced this in a tweet today, asserting that holders of the NFTs can claim the attached physical items from their holder’s dashboards. ????ALPHA ????The @Shibtoken claim portal is now live for holders! ➡️Claim your physicals using your holder dashboard here https://t.co/C5jiasrSKc ????Lets get those limited edition bags in the holders hand! ✈️Join the Bugatti Group Genesis collection here https://t.co/QFavMYvLOA pic.twitter.com/CZusfBlkdB —…

NFT PROOF Collective noted that Ordinal Punks NFTs have been rising in price. The tweet mentioned the recent sale of #27, which sold for 1.93 BTC ($43,800). It also stated another sale occurred soon after, for the sum of 2.06 BTC ($46,800) but did not disclose which punk the sale related to. A Reddit poster said, “Ordinal Punk with the inscription number 620 was apparently sold for 9.5 Bitcoins ($215,800)” during the early hours of Feb. 9. The punk in question is #94. Some commenters explained the high sale price as money laundering or wash trading to create a manipulated…

Blockchain Ethereum is entering its fourth consecutive week of deflationary issuance as activity on the network grows. A deflationary issuance rate for cryptocurrencies means that the number of tokens being burnt is greater than the number of tokens being minted. This implies that the token is limited in supply compared to demand, giving the currency greater purchasing power. Growing activity in decentralized platforms could indicate more people turning to DeFi after the collapse of its centralized competitors last year, Michael Bentley, CEO and co-founder of DeFi lending protocol Euler, told Blockworks. “Following protocol upgrades last year, Ethereum has an in-built…

The names of two guarantors who signed off on part of Sam Bankman-Fried’s $250 million bail bond will continue to remain a secret for now.A judge has also rejected an agreement that would have permitted Bankman-Fried to use certain messaging apps.Bankman Fried’s lawyers filed an appeal to block the release of the guarantors’ names last-minute on Feb. 7. The appeal did not contain further arguments against the disclosure but it will prevent the order from being enforced until Feb. 14 to allow for an application for a further stay. The appeal was expected after a Jan. 30 ruling in which…

Blockchain A developing and deepening partnership between Amazon Web Services (AWS) and Ava Labs is set to assist developers trying to “redefine the internet,” according to AWS’ global head of Web3. Jeff Hasselman, who has led AWS’ Web3’s efforts since 2017, said during a Wednesday webinar that he has had conversations over the past two years with some of the world’s largest banks and entertainment companies looking to develop their own Web3 initiatives. Some need “101 level” education, he said, while others are further along in their digital assets journey. Either way, according to the executive, everyone is looking for…

Super Bowl LVII has just gotten more exciting with the release of Reddit’s new American Football themed avatars! In celebration of this year’s big game, Reddit released a range of unique avatars that users can choose to represent themselves on the platform.As a social media site where millions of sports fans hang out, Reddit has never been afraid to embrace big events and use them to bring its community closer together. In partnership with the NFL, the release of these themed avatars is a testament to that, and it’s sure to get fans even more hyped for the Super Bowl.These…

United States Environmental Protection Agency Administrator Michael Regan and Energy Secretary Jennifer Granholm were the recipients Feb. 6 of another letter on the environmental impact of cryptocurrency mining. Eight Democratic lawmakers headed by Elizabeth Warren reached out to the officials this time. The eight lawmakers acknowledged previous replies to official correspondence asking about the agencies’ information-gathering authority as it relates to energy used in crypto mining. Now they have followed up with a series of questions on practical matter relating to information gathering and the use of the information they receive. They wrote:“The urgency of the climate crisis, combined with the…

In this week’s newsletter, read about how Yuga Labs settled a lawsuit with one of the creators of a copycat nonfungible token (NFT) collection. Learn how the Bitcoin Ordinals creator fixed the first instance of porn uploaded to the protocol and how YouTuber Coffeezilla tricked MMA fighter Dillon Danis into promoting fake NFTs. In other news, Logan Paul and his team face a class-action lawsuit for allegedly executing a rug pull, and don’t forget this week’s Nifty News, featuring Mastercard’s former NFT lead minting his resignation letter as an NFT. Yuga Labs settles lawsuit with developer involved in copycat BAYCsYuga Labs…