Tesla has successfully reassured a Delaware judge that its attempted incorporation move to Texas won’t affect Elon Musk’s CEO compensation case.
In a new letter, Chancellor Kathaleen McCormick, the judge who canceled Elon Musk’s $55 billion compensation package after she concluded Tesla’s board misled investors, said that Tesla’s lawyers reassured her that the company won’t use its…
A federal judge has ordered the U.S. Securities and Exchange Commission (SEC) to pay over $1.8 million in its case against the crypto firm Digital Licensing, also known as Debt Box. The penalty resulted from the SEC’s bad faith conduct in obtaining and defending an ex…
TRUMP Coin Reaches All-Time High as Trump-Themed Cryptos See Major Gains – Market Updates Bitcoin News
May 31, 2024
The presidential meme coin fervor persists, with the token maga (TRUMP) hitting an all-time high of $15.45 on Wednesday. This surge elevated the value of Donald Trump’s TRUMP coins to $8.06 million on May 29. Additionally, various Trump-related crypto assets are emerging…
South Korea’s regulations prohibiting corporations from opening virtual asset exchange accounts are making it impossible for local universities to liquidate their large cryptocurrency donations. Financial authorities cite money laundering concerns as the reason for maintaining the ban.
Education Ministry and Financial Intelligence Unit Favor Maintaining Ban
South Korean universities are…
Xbox has released its fourth Transparency Report, in which it details its efforts to protect players and what countermeasures it’s using to stave off toxicity and harmful elements. According to Xbox, it has invested in “the responsible application of AI” to help…
Roblox reported that its first quarter bookings reached $923.8 million, up 19% at a time when much of the game industry has reported weak results.
However, the company’s stock price has fallen 27.36% in trading to $28.32 a share this morning due to a weak financial…
Video game publisher Electronic Arts forecasted full-year bookings for the coming year that fell below Wall Street’s expectations.
The company’s forecast fell short of analyst expectations for the fiscal year ending March 31, 2025. The midpoint of EA’s forecast range $7.3 billion to $7.76 billion was $7.5 billion, and that fell short of analyst expectations of $7.7 billion for the FY25…
A federal court awarded a $14.4 million judgment to Activision Publishing in its lawsuit against EngineOwning UG, Garnatz Enterprise Ltd, and 11 individuals.
U.S. District Court Judge Michael W. Fitzgerald in California issued the default judgment against the defendants. The…
Companies no longer need to buy a ChatGPT Enterprise license directly from OpenAI. They can now purchase the gen AI service through the multinational professional service consultancy PwC. Until today, businesses could only subscribe to the enterprise option by reaching out…
Kinetix, the generative AI startup creating user-generated emotes (UGE) for video games, has teamed up with Overdare to put generative AI in the hands of gamers.
Overdare is a user-generated content (UGC) platform from South Korean publishing giant Krafton. Today, the companies are placing the power of generative AI directly into the hands of gamers.
Enabling completely new, previously impossible…
