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...Terraform Labs had said it was “disappointed” with the verdict and claimed the SEC did not have the legal authority to bring its case....
...The civil verdict, handed down on Friday after a nine-day trial, is a win for the US Securities and Exchange Commission, which has sought to crack down on the crypto sector....
...A New York jury has found Terraform Labs and its co-founder Do Kwon liable for defrauding cryptocurrency investors as part of a scheme that allegedly triggered a $40bn loss in market value....
...Ripple Labs, the cryptocurrency group accused of selling unregistered securities, is to launch a stablecoin as a revival in the price of bitcoin draws investors back to the digital asset market....
...The US Securities and Exchange Commission is seeking $2bn in penalties from Ripple Labs after a US federal court found the cryptocurrency group had violated securities laws by improperly selling some tokens...
...Ripple Labs said on Thursday it would launch a stablecoin and within hours bitcoin pulled out of its slumber, rising as much as 4.5 per cent....
...While a verdict in the London case is not expected until the summer, decisions in some others have gone against Moderna....
...Similar language helped protect effective bans on Huawei and Kaspersky Lab. As for TikTok’s value as a boon to consumers and businesses, there are many companies that could quickly replace it....
...It came a day after shares of Astera Labs, an artificial intelligence infrastructure-related group, surged 72 per cent on the Nasdaq in an offering that raised $713mn....
...In a statement after the trial, the auction house said the verdict “totally vindicates Sotheby’s of any alleged misconduct....
...Apple said the projects would build on the more than Rmb1bn ($140mn) it had invested in applied research labs in China....
...December a federal jury in California found that Google broke antitrust law, with the judge in the case now poised to decide what changes Google must make to its business practices to comply with that verdict...
...A day earlier, shares in AI infrastructure group Astera Labs surged 72 per cent on their Nasdaq debut. The company raised $713mn....
...The verdict was returned just hours after closing arguments in the weeks-long trial in San Francisco....
...The verdict in the federal trial is a nasty setback for what have become moneymaking machines....
...“While the robotics of the A-lab is cool, the real innovation is the integration of various sources of knowledge and data with A-lab in order to intelligently drive synthesis,” he said....
...Film critic Danny Leigh gives his verdict on Philip Martin’s film. Additional contributions from Tee Zhuo and Benjamin Wilhelm...
...One big winner was the Newhouse family, who through Advance Magazine Publishers Inc own Condé Nast, which bought Reddit in 2006 for $10mn before spinning it out in 2011....
...The tech giant can appeal against the jury verdict sometime next year....
...In passing down the verdict, judge Kathaleen McCormick noted that the directors behaved “like supine servants of an overweening master”....
...quoting one of her predecessors, that Tesla’s directors behaved “like supine servants of an overweening master” in granting Musk 12 per cent of the company’s equity — mainly because he wanted it — her verdict...
...“We have not yet determined if [the bolts] existed,” said Clint Crookshanks, an engineer at the agency, adding that this would be determined through lab testing in Washington....
...“Another round” delivers a nuanced verdict. No less controversial is the subject of waste tech....
...His holding company managed a sprawling portfolio that included billion-dollar-plus stakes in companies such as Apple, Netflix, Forest Labs and Herbalife, while he was plotting bids to take over Clorox and...
...Spirit is a crucial industrial partner in the Northern Ireland Advanced Composites and Engineering Centre, a research lab located next door....
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