Tag: lawsuit

Nike NFT Lawsuit: $5M Claim & What it Means for Your Digital Assets

Nike NFT Lawsuit: $5M Claim & What it Means for Your Digital Assets

• Facts

Nike, the sportswear behemoth, is still battling a lawsuit related to its RTFKT subsidiary. This company, wholly-owned by the NFL, exists to create, buy, sell, and trade digital collectibles and NFTs. The case originally focused on claims that Nike abruptly terminated its collaboration with RTFKT. This sudden policy shift resulted...

BAYC vs. Pauly0x: Yuga Labs Seeks $400K in Crypto Wallets

BAYC vs. Pauly0x: Yuga Labs Seeks $400K in Crypto Wallets

• Facts

The NFT universe, marked by the intersection of art, tech, and finance, has fueled its fair share of controversies. deliciousNFT.com has been following the beat of the decentralized drums and dishing out tasty morsels of information. For example, the recently settled court case between Yuga Labs, the makers of the...

BAYC Lawsuit: Is Yuga Labs Silencing Southeast Asian Artists?

BAYC Lawsuit: Is Yuga Labs Silencing Southeast Asian Artists?

• Commentary

The news is buzzing about Yuga Labs going after Ryder Ripps and Jeremy Cahen (Pauly0x) for trademark infringement, winning millions in damages, and now trying to seize crypto assets. On the face of it, this should be an open-and-shut case of copyright infringement, no? Let's peel back the layers and...

Oregon AG to Sue Coinbase Despite SEC's Crypto Shift

Oregon AG to Sue Coinbase Despite SEC's Crypto Shift

• Regulation

Oregon’s Attorney General warned Coinbase today, April 18, that it will bring a securities enforcement action against the company. This news was shared directly by Coinbase’s Chief Legal Officer, Paul Grewal on Twitter. This move comes in the wake of a widely reported recent turn by the Securities and Exchange...

Oregon's Coinbase Lawsuit A Rogue State's Last Gasp Or Needed Check?

Oregon's Coinbase Lawsuit A Rogue State's Last Gasp Or Needed Check?

• Commentary

Oregon's Attorney General is taking a swing at Coinbase with a lawsuit echoing the SEC's previously dropped case. Coinbase is calling it a “copycat case." To them, it’s a waste of taxpayer money and a dangerous return to “regulation by enforcement.” Is it really that simple? Or is there something...

Silks' Deadline: Can Rosen's Lawsuit Protect Southeast Asian NFT Artists?

Silks' Deadline: Can Rosen's Lawsuit Protect Southeast Asian NFT Artists?

• Commentary

The Rosen Law Firm's class action lawsuit against Game of Silks, with its looming April 25, 2025, lead plaintiff deadline, feels a world away for many. For NFT artists in Southeast Asia, it’s a first tremor that may set off an avalanche. We're talking about more than just a single...

Silks NFT Holders: ROSEN Lawsuit Deadline Approaching!

Silks NFT Holders: ROSEN Lawsuit Deadline Approaching!

• Facts

If you’re an existing owner of Game of Silks NFTs and you’re starting to feel like you’ve been had, don’t worry. Well, you're not alone. Now The Rosen Law Firm has announced a class action lawsuit. Apply today — the deadline to join as a lead plaintiff is coming up...

Game of Silks Deadline: Is Rosen Law's Suit a Web3 Wake-Up Call?

Game of Silks Deadline: Is Rosen Law's Suit a Web3 Wake-Up Call?

• Commentary

The clock is ticking for Game of Silks NFT holders. April 25, 2025 – that's the deadline to potentially step up as lead plaintiff in Rosen Law Firm's class action lawsuit. This isn't just about Silks. This is not a discussion of the Wild West that Web3 has evolved into,...

Game of Silks Faces Class Action Lawsuit Over Unregistered NFT Securities

Game of Silks Faces Class Action Lawsuit Over Unregistered NFT Securities

• NFT Drops

As such, a class action lawsuit has been filed against Game of Silks. The metaverse game that introduced real-life horse racing to the blockchain was sued for violating the Securities Act of 1933. The Rosen Law Firm, the same firm leading a lawsuit against Game of Silks, argues the company...

Kentucky Court Halts 18-State Lawsuit Against SEC Amid Leadership Change

Kentucky Court Halts 18-State Lawsuit Against SEC Amid Leadership Change

• Regulation

Additionally, a Kentucky federal judge has issued a 60-day stay in the lawsuit. This lawsuit, led by 18 state AGs and the DeFi Education Fund against the SEC. In early November 2023, a new legal challenge appeared on the scene. This lawsuit argues that the SEC has overstepped its boundaries...

Japan's "New Capitalism 2025" Plan Signals Regulatory Embrace of Bitcoin and Web3

Japan is strategically positioning itself as a global leader in digital innovation with its updated "New Capitalism 2025" plan, released on April 13. Taken together, this plan represents a major regulatory turning point event toward welcoming Bitcoin and Web3 technologies. The initiative aims to leverage digital assets to solve social...

Japan's Bitcoin Revolution: A Boon for Artists and Web3 Creators?

Is Japan on the verge of accidentally unleashing a tsunami of creative destruction and financial liberation onto the rest of the emerging markets? I know this seems like a tall order, but hear me out. Japan’s regulatory change to officially recognize Bitcoin as a financial product. This step is a...

5 Ways This Crypto Bill Empowers Southeast Asian Artists, Not Wall Street

Let’s be honest, when you hear about crypto regulation, your first thought probably isn't Southeast Asian artists finding new avenues for creative expression. Surely visions of Wall Street honchos and inscrutable derivatives dance in your head. Well, what if I told you that the Senate’s Banking Committee just released their...

Senate Republicans Forge Ahead on Crypto Market Structure Framework

Republican senators working on a new framework for digital assets legislation, riding the positive bipartisan wave in the Senate as of late. This announcement follows the Senate’s passage of a bill to regulate stablecoins last week. It was passing with overwhelming bipartisan support.Senators Tim Scott, Cynthia Lummis, Thom Tillis, and...

Crypto's 'Light-Touch' Regulation Gamble Will It Protect You?

The Senate Committee’s proposed “light-touch” regulatory framework for crypto is a long high-stakes poker game. Are we all truly holding a winning hand, or are we collectively bluffing our way into a future financial crisis? It’s a question every investor, every innovator, and frankly, every citizen should want to know....

Trump Jr. at KBW2025: Web3's Mainstream Moment?

Donald Trump Jr.’s scheduled keynote address at KBW2025 is raising eyebrows and inspiring intense discussion across the Web3 ecosystem. He’s just a high-profile guy shaking things up in the crypto world. His presence further exemplifies the increasing importance of blockchain technology and its potential to revolutionize the traditional economy. Does...

Trump Jr. at KBW2025: Web3's Punk Rock Moment or Sellout?

Or I think about Nandar, a wonderful Burmese artist that I met in Yangon, sharing with me her latest NFT collection. Each work exploded with vivid imagery, bravely fighting back against the junta’s repressive hold. She began selling them directly to supporters around the world, allowing her to cleverly sidestep...

KBW2025: Is Trump Jr. Web3's Trojan Horse or its Savior?

Donald Trump Jr. at Korea Blockchain Week? It's a head-scratcher, isn't it? About as easy as locating a MAGA hat at a Burning Man soirée. Before we put this down as just another short-lived publicity stunt, let’s take a closer look at what this could IoTally Web3 means. Cynical ploy...