Cointime

Download App
iOS & Android

Yuga Labs Wins Two Major Lawsuits, Collects Over $1.5 Million in Damages and Control of RR/BAYC Smart Contract

  • Wechat scan to share

Ryder Ripps and Pauly have been ordered by the court to pay over $1.5 million in damages to Yuga Labs and transfer control of the RR/BAYC smart contract to them, marking a significant legal victory for Yuga Labs in the NFT world.

Comments

All Comments

There are no comments yet, why not be the first?

Recommended for you

  • FIFA President announces 'FIFA Coin' initiative

    Gianni Infantino, President of FIFA, announced the "FIFA Coin" plan at a White House summit, hoping to launch their own cryptocurrency. The aim is to leverage the $170 billion football industry and the 5 billion global football fans. They will invite cryptocurrency experts to collaborate and help realize this project.
  • Argo Blockchain Signs $40 Million Financing Agreement to Support M&A Transactions

    Argo Blockchain, a bitcoin mining company listed on Nasdaq, has announced that it has signed a $40 million senior secured convertible loan agreement, with an initial financing amount of $15 million and the remaining $25 million to be completed in the next 18 months. Three multinational institutions have invested (specific institution names have not been disclosed) and will join the Argo board. The new funds will be used to expand its mining facility in Baie Comeau, strengthen the balance sheet, and conduct a series of potential merger and acquisition transactions.
  • Binance will adjust the collateral ratio of BCH, XTZ and other assets

    According to the official announcement of Binance, Binance will update the collateral ratios of various assets under the investment portfolio margin mode on March 7, 2025 at 06:00 (UTC). The update process is expected to last about an hour. The specific adjustments are as follows: The collateral ratios of BCH, XTZ, and MANA will be reduced from 85% to 75%; The collateral ratio of ONE will be reduced from 80% to 70%; The collateral ratios of BAT and DENT will be reduced from 80% to 65%. Please note that the collateral ratio adjustments will affect the unified maintenance margin rate (uniMMR), and users need to pay close attention to avoid potential liquidation risks.
  • DeepSeek open-sources and releases 3FS, a high-speed parallel file system that optimizes AI data access

    On the fifth day of Open Source Week, its Fire-Flyer file system (3FS) was officially open sourced. As a high-performance parallel file system, 3FS can fully utilize modern SSDs and RDMA networks to achieve high-speed data access, improving the efficiency of AI model training and inference.
  • Hong Kong to allocate HK$1 billion to set up artificial intelligence research institute

    The Hong Kong SAR Government will allocate HK$1 billion to establish an artificial intelligence research institute.
  • Binance Futures will launch U-based and Coin-based quarterly 0627 delivery contracts

    Binance Futures will launch the following quarterly 0627 delivery contracts for U-based and coin-based contracts within a few hours after the expiration of the quarterly 1227 delivery contracts on December 27 at 16:00 U.
  • Binance to Launch MORPHO and CHILLGUY USDT Perpetual Contracts

    Binance futures platform will launch perpetual contracts with a maximum leverage of up to 75 times at the following times:
  • Coindesk ·

    Careers in Crypto: 5 Insights for 2024

    In an overwhelming job market, leaning into personal networks and connections are more important than ever. Emily Landon, CEO of The Crypto Recruiters, outlines what is happening in the crypto job market and how you can position yourself or your company in 2024.
  • Cointime August 10th News Express

    1. The U.S. Internal Revenue Service has released a new draft of the crypto tax form, which no longer requires filling in wallet addresses and transaction IDs
  • Adidas and Doodles collaborate to launch a limited edition NFT collection pack

    Sportswear giant Adidas is collaborating with Ethereum NFT series Doodles to sell virtual gift packages that support buyers in purchasing exclusive physical clothing. Adidas and Doodles stated in a joint statement that these limited edition collectible packages will be available for purchase before August 16th, with two items in each package. The Adidas Originals x Doodles online store shows that the retail price for a single package is $4.99, while the price for 2 to 100 packages ranges from $8.49 to $374.99.Some joint sets include physical collectibles featuring Deysi, the digital mascot in Pharrell Williams and Coi Leray's new song "Not in the Store". These collectibles include Deysi sportswear and Superstar shoes, with each limited to 200 pieces.