Holy Cow Post

Crypto in the Courtroom: Coinbase Sues SEC, Bored Ape NFTs Face Copyright Dispute, and OpenSea Insider Trading Case Makes History

HOLY COW POST

“Remember, when it comes to investing in crypto, it's important to steer clear of the herd mentality and do your own research”


BYAC “RIPPS” LAWSUIT

Do you remember that time last year when everyone seems to own a ”Bored Ape” but like the fugazi kind; well this just happened Yuga Labs, the company behind the popular Bored Ape Yacht Club, has emerged victorious in a legal battle against copycat NFTs ( the fake BYAC). The federal judge's ruling that a rival NFT project by artist Ryder Ripp violated Yuga Labs' copyright is a positive step forward in establishing the legal standing of NFTs in the art world. However, as NFTs continue to gain in popularity, concerns over copyright infringement and intellectual property rights are growing. It is not uncommon for some individuals to take a screenshot of an NFT and claim it as their own. While this practice is illegal, it is difficult to enforce without proper safeguards in place. As such, it is essential for NFT creators to take steps to protect their intellectual property rights and be vigilant against copycat projects. The legal victory of Yuga Labs against Ryder Ripp serves as a reminder to the NFT community of the importance of safeguarding their creative work and the potential consequences for those who infringe on others' rights. I wonder if the random derivatives of BYAC hidden deep in your wallet is also applicable to this… what do you think?
If you want to read more about it click the link below!
Court Summary Judgment Link

Coinbase vs SEC: Crypto Strikes Back

You know what’s clear? Water. You know what’s not clear? Crypto Guidelines. In a not so shocking news Coinbase has filed a legal challenge against the U.S. Securities and Exchange Commission (SEC) over its proposed rulemaking petition. Coinbase claims that the SEC has failed to provide clear guidelines on how it determines whether a cryptocurrency is a security, creating uncertainty and hindering the development of the crypto industry. Finally someone said something, like the great street poet Lizzo once said “it's about damn time.” Coinbase believes that the SEC's "regulation by enforcement" approach unfairly targets the company and its products, and it is requesting the court to overturn the SEC's proposed guidance. This move is the latest in the ongoing legal battle between Coinbase and the SEC, highlighting the need for clear regulations to govern the fast-evolving cryptocurrency industry. The outcome of this legal challenge could have significant implications for the future of cryptocurrencies in the U.S. and potentially set a precedent for similar cases. It was just last week when I wrote about Gary Gensler, and how we is a big bully who makes up the rules as he goes. Nonetheless, this will get interesting!

NFT Insider trading trial coming soon!
The first-ever NFT insider trading case is heading to trial, as a former OpenSea employee faces charges of using insider information to profit from NFT sales. If you have been a part of space long enough, I think you know who this person might be. The ex-employee allegedly purchased NFTs ahead of their release on the popular NFT marketplace and then sold them at a profit after they were promoted on OpenSea. Surprise you bought the top anon. The case highlights the challenges of regulating the fast-evolving NFT market, where the lack of clear regulations creates opportunities for insider trading and other fraudulent activities. The trial is expected to draw significant attention from the NFT community and could set a precedent for future cases involving NFT trading and the use of insider information. To keep up with this trial news, well just go on twitter; I bet you that this will be on your twitter feed nonstop. Now if these people can do something about “influencers” shilling random coins to the common degen.

Stress-Relieving Exercises that you should try at home!

Soft Belly Breathing
This breathing exercise can be done either lying down or sitting in a chair. Bring your attention to your belly. Notice any tension that you might be holding in your belly. Try to soften your belly as much as you can. Practice sending your breath down to your belly (allowing it to naturally expand) on your inhale. As you exhale, notice your belly gently contract without forcing it. Practice any time of day for 5-10 minutes for an all-over calming effect.

Box Breath
Box Breath can be done at any time and in any position. It provides a balancing effect on the nervous system. Inhale slowly and evenly for 4 seconds. Hold at the top of the inhale for 4 seconds. Exhale slowly and evenly for 4 seconds. It is optional to then hold the exhale at the bottom of the exhale for 4 seconds. However, the last hold can cause feelings of anxiety in some individuals. Repeat until you feel calm and balanced.