LBRY, the company behind the LBRY blockchain, has announced its closure to the cryptocurrency world, claiming “several million dollars” in obligations as the reason. A message from the LBRY team, titled “This will be our last post,” was published on the video-sharing platform Odysee (which is powered by LBRY) on
Following its notice of appeal to the United States SEC, blockchain-based file-sharing and payment network LBRY received support from the XRP community. The abrupt announcement from LBRY that it will appeal the final ruling in favor of the U.S. SEC sparked widespread interest in the cryptocurrency space. On September 7th,
The United States District Court for the District of New Hampshire has released its final judgement in the case of SEC v. LBRY. The court rules that LBRY, Inc. violated Section 5 of the Securities Act of 1933 and penalizes the company accordingly. In light of the continuing legal struggle
The Securities and Exchange Commission (SEC) recently made headlines when it urged a New Hampshire court to reduce the fines levied on LBRY, the decentralized content platform best known for its video-sharing platform Odysee. The New Hampshire District Court ruled in November 2022 that LBRY owed the SEC $22 million
In this complaint, LBRY has filed a Motion for Expedited Consideration of an Oral Argument in Aid of its Motion to Limit the SEC’s Remedies. They also mention the court proceeding in the United States District Court for the District of New Hampshire. #XRPCommunity #SECGov v. #Ripple #XRP #LBRY In
After losing a battle with the SEC earlier this month, the business behind the blockchain publishing platform LBRY published a heartfelt tweet yesterday. Tweets sent by LBRY, Inc. on Monday said that the company had been “killed by legal and SEC debts.” A follow-up tweet from the firm clarified that
It was revealed on Monday, along with a published copy of the judgement that the Securities and Exchange Commission (SEC) had prevailed in its action against LBRY, Inc., the business behind the LBRY protocol. LBRY tweeted: “We lost. Sorry everyone. We’re going to lick our wounds for a little bit
Elon Musk, the tech billionaire and owner of X (formerly Twitter), has found himself in the U.S. Securities and Exchange Commission (SEC) crosshairs. The agency, led by Chair Gary Gensler, has issued Musk a settlement demand, “warning of potential enforcement actions unless he agrees to a deal within 48 hours.”
The trading day opened with the global crypto market cap settled at $3.35 trillion. Bitcoin (BTC), the largest asset, is on the verge of $100K, currently trading at $98.1K. Along with this, the meme coin sector exhibits mixed signals. The meme coins such as DOGE and SHIB are trading on
Former Ripple Director Matt Hamilton has set the cryptocurrency community abuzz with a revelation. He stated that Ripple might wield the ability to burn all XRP stashed in its escrow wallets. This intriguing possibility has introduced a fresh layer of complexity to Ripple’s protracted legal clash with the U.S. Securities
