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Yuga Labs settles Bored Ape NFT lawsuit, ending fight over alleged copycat tokens

Yuga Labs has settled a lawsuit concerning its Bored Ape Yacht Club NFTs, which accused the company of creating copycat tokens. The lawsuit was filed by a group of NFT collectors who claimed that Yuga Labs' new projects infringed on their intellectual property. The settlement terms have not been disclosed, but it marks the end of a legal battle that raised significant questions about copyright in the NFT space. Yuga Labs continues to maintain its position as a leading player in the NFT market, despite the controversy.

Read the full article: CoinDesk

Here’s what happened in crypto today

On October 3, 2023, Bitcoin experienced a significant price surge, climbing over 5% to reach $35,000, driven by increased institutional interest and positive market sentiment. Ethereum also saw gains, rising by 4% to approximately $2,200. In regulatory news, the U.S. Securities and Exchange Commission (SEC) announced plans

US CISA adds ‘insane’ Linux Copy Fail flaw to watch list

The U.S. Cybersecurity and Infrastructure Security Agency (CISA) has added a critical vulnerability known as the "Linux Copy Fail" to its watch list. This flaw, described as "insane," affects various Linux distributions and could allow attackers to exploit systems by manipulating file copying processes. CISA

Bitcoin logs best monthly performance in 12 months during April

In April, Bitcoin achieved its best monthly performance in a year, surging approximately 23%. This increase was driven by a combination of factors, including positive market sentiment and institutional interest. The rise in Bitcoin's price has also contributed to a broader recovery in the cryptocurrency market. Analysts suggest

Bitcoin's 'hazardous' airdrop: Why developers are warning against Paul Sztorc’s eCash fork

Developers are cautioning against the eCash fork proposed by Paul Sztorc, labeling it as a "hazardous" airdrop. Concerns revolve around the potential risks associated with the fork, including security vulnerabilities and the possibility of misleading investors. Critics argue that the airdrop could dilute the value of existing Bitcoin

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Here’s what happened in crypto today

US CISA adds ‘insane’ Linux Copy Fail flaw to watch list

Bitcoin logs best monthly performance in 12 months during April

Bitcoin's 'hazardous' airdrop: Why developers are warning against Paul Sztorc’s eCash fork