Krafton Inc. and the lead developers of the Subnautica video game franchise have settled their court dispute over controversial earn-out bonuses. The South Korean game company and executives from Unknown Worlds Entertainment Inc. withdrew all pending lawsuits as of Tuesday, ending a legal battle that began after Krafton removed co-founders and CEO Ted Gill.
South Korean game company Krafton Inc. and executives from Unknown Worlds Entertainment Inc. have settled their legal dispute over controversial earn out bonuses, withdrawing all pending lawsuits. The dispute arose after Krafton removed Unknown Worlds' co-founders and CEO, alleging leadership issues and development delays for Subnautica 2, while the former executives claimed Krafton sought to avoid a $250 million bonus payment.
BlackRock filed an updated prospectus for its iShares Bitcoin Premium Income ETF (BITA), set to launch soon. This move intensifies competition with Goldman Sachs, as both firms aim to attract yield-seeking investors with novel Bitcoin ETF strategies.
Strategy, the Michael Saylor-led company formerly known as MicroStrategy, has surpassed BlackRock’s flagship spot Bitcoin exchange-traded fund (ETF) to become the world’s largest institutional holder of Bitcoin. According to an April 20 regulatory filing with the Securities and Exchange Commission (SEC), Strategy acquired an additional 34,164 Bitcoin over the past week at an average price […] The post Why Strategy’s multi billion dollar Bitcoin purchases are no longer bullish catalysts for the market appeared first on CryptoSlate.
