A New York court paused a major lawsuit claiming ownership of 39,069 dormant bitcoin wallets worth about $293 billion after attorney Ian R. Cohen argued these wallets were not abandoned. The case, filed by a plaintiff named Noah Doe, alleges lost property rights over these wallets under New York's lost-and-found law. Cohen's amicus brief challenged the legal basis, stating the law applies to physical objects, not blockchain entries, and that inactivity doesn't equal abandonment. The court's stay means a hearing will now determine if the lost-property claim holds, with significant implications for bitcoin ownership rights and legal jurisdiction over digital assets.
The global electric vehicle (EV) market is projected to grow annually by 9.0%, reaching a value of $2.74 trillion in 2026, driven by regulatory changes, expanded charging infrastructure, and battery supply-chain development. Key growth areas include ...
Revenium has successfully completed a SOC 2 Type II audit conducted by AuditOne LLP, confirming the security, availability, and confidentiality controls of its AI cost and spend management platform. This certification is crucial as enterprises increa...
Lyora Therapeutics, a biotech startup, has launched with $2.5 million in seed funding to develop genetic medicines targeting inherited retinal diseases that currently lack treatments. Their lead programs, LYA-101 and LYA-102, aim to treat retinitis p...
Flex secured $70 million in a Series B1 funding round led by Halo Fund to accelerate the launch of Flex Global, an AI-native private banking platform serving high-net-worth business owners in over 100 countries. The platform integrates multi-currency...
Fanatics Studios and DICK’S Sporting Goods’ Cookie Jar & a Dream Studios are producing a documentary about Olympic gymnast Suni Lee. The film offers an intimate look at her life, focusing on her comeback after battling chronic kidney disease and comp...
