Tag: massive

Five Men Convicted of Operating Massive, Illegal Streaming Service That Allegedly Had More Content Than Netflix, Hulu, Vudu and Prime Video Combined

Five men were convicted by a federal jury in Las Vegas this week for their part in operating Jetflicks, which officials say was one of the largest illegal streaming services in the U.S. Jetflicks, which charged $9.99 per month for the streaming service, generated millions of dollars in subscription revenue and caused “substantial harm to […]

The end of Wynwood? Massive projects would remake Miami’s hippest neighborhood

Miami’s Wynwood may be the hottest, hippest neighborhood in America’s hottest city: A dynamic urban fusion of repurposed industrial buildings and warehouses interspersed with new, low-rise buildings housing shops, bars and restaurants, offices and apartments, all of it steeped in artful design and curated graffiti murals. Its success is no accident. The reinvigorated Wynwood, once […]

Massive Bankruptcy News Crushes EV Stocks

Electric vehicle (EV) stocks cratered this week after Fisker filed for bankruptcy. The troubled automaker never got off the ground after a promising vehicle was plagued by poor software. While a failure doesn’t say much about the other operators in the industry, it doesn’t bode well for the market’s willingness to fund EV losses long-term. […]

5 convicted of operating massive, illegal streaming service called Jetflicks

Five men have been convicted of running a massive, unauthorized streaming service for more than a decade by a federal jury in Las Vegas. Kristopher Dallmann, Douglas Courson, Felipe Garcia, Jared Jaurequi and Peter Huber began operating an online streaming service, called Jetflicks, as early as 2007, according to court documents. The streaming service could […]

German Government Begins Massive Bitcoin Sell-Off, Sparking Market Jitters

German Government Begins Massive Bitcoin Sell-Off, Sparking Market Jitters The German government has commenced the sale of a significant Bitcoin stash seized from the operators of a movie piracy website. Over $195 million in Bitcoin was sold in the past 24 hours. In the latest transactions, $65 million worth of Bitcoin was likely deposited into […]

A massive black hole may be ‘waking up’ in a nearby galaxy

In December of 2019, the sky-scanning Zwicky Transient Facility — a telescope perched on California’s Palomar Mountain — alerted astronomers to a sudden flare coming from an otherwise unremarkable galaxy some 300 million light-years from Earth in the constellation Virgo. The flare’s intensity dipped and peaked dramatically over four years, but it continues to persist […]

Big Tech’s massive AI power demand is driving up this energy stock

Big Tech’s energy demand is insatiable in the artificial intelligence era. That’s sent Constellation Energy stock (CEG) soaring. Shares of Constellation, the largest nuclear plant operator in the US, are up more than 85% year to date, just off an all-time high in May. The Baltimore-based company’s stock has outperformed all other holdings within the […]

Bitcoin’s Sudden Dip Triggers Massive $420M Liquidation Of Long Positions

Bitcoin’s Sudden Dip Triggers Massive $420M Liquidation Of Long Positions In a recent development, Bitcoin, the world’s premier cryptocurrency, witnessed a substantial drop, leading to the liquidation of over $420 million in long positions within a span of 24 hours, as reported by CryptoNews on Tuesday. Data from Coinglass reveals that 190,144 traders were liquidated, […]

Judge Aileen Cannon Confusingly Does Jack Smith a Massive Favor

Judge Aileen Cannon appears to be sick and tired of nonparties attempting to intervene in Donald Trump’s classified documents trial—even though she’s the one who allowed them to do so in the first place. The Trump-appointed judge issued a paperless order Monday, rejecting without explanation a couple dozen Republican attorneys general and their proposed brief […]