Law Financial News

22.11 / 13:33

Technology Law Microsoft ChatGPT OpenAI OpenAI and Microsoft sued over alleged unauthorized use of authors’ work

OpenAI and Microsoft are facing a lawsuit alleging the improper use of nonfiction authors’ work to train AI models, including OpenAI’s ChatGPT service. Author and reporter Julian Sancton sued the companies on Nov. 21.

22.11 / 00:57

business Law Binance regulation CZ released on $175M bond, could return to Dubai

Binance founder Changpeng “CZ” Zhao will pay a $175 million release bond and agree to return to the United States 14 days before his Feb. 23, 2024 sentencing — possibly allowing him to return to Dubai.

21.11 / 23:23

markets Law Binance CFTC regulation SEC Bitcoin Crypto markets mixed as traders digest DOJ action against Binance, CZ

Crypto markets were subjected to a heavy dose of volatility on Nov. 21 as the United States Department of Justice (DOJ), Commodity Futures Trading Commission (CFTC) and U.S. Treasury announced a $4.3-billion settlement with Binance and that former Binance CEO Changpeng Zhao will plead guilty to one felony charge as part of a settlement over criminal and civil cases with the cryptocurrency exchange.

21.11 / 23:23

Government Law Binance CFTC regulation Department Of Justice Binance settles with U.S. government: Timeline of US enforcement actions

Binance and its founder Changpeng"CZ" Zhao has admitted to violating United States laws around money laundering and terror financing — agreeing to pay $4.3 billion in fines

21.11 / 14:15

Blockchain Technology Law Europe Can blockchain supply the guardrails to keep AI on course?

Artificial intelligence (AI) and blockchain are emerging digital technologies that have captured the public imagination but also raised serious concerns.

21.11 / 14:00

Blockchain Law DAO Aragon DAO votes to fund legal action against its founders

A decentralized autonomous organization (DAO) is taking legal action against its founding team after a decision to dissolve its governing body and distribute most of its assets to tokenholders.

21.11 / 06:47

business Law regulation SEC Kraken Court Kraken co-founder slams ‘decel’ SEC, warns others should flee US

Kraken co-founder Jesse Powell has lashed out at the Securities and Exchange Commission after it sued his crypto exchange for alleged securities law violations.

21.11 / 06:47

business Law PayPal Apple P2P Payments Apple sued for blocking crypto tech for P2P payments

Disgruntled consumers have filed a class-action lawsuit against Apple claiming the tech giant has conspired to limit peer-to-peer payment options on its devices and block crypto technology from iOS payments apps.

20.11 / 15:25

Law Stablecoin regulation Tether Scams Tether freezes $225M USDT linked to romance scammers amid DOJ investigation

Stablecoin issuer Tether froze roughly $225 million worth of USDT tokens as part of an investigation into a Southeast Asia human trafficking syndicate launched by the United States Department of Justice (DOJ).

18.11 / 10:57

Blockchain Law defi Tokens crimes Former Bithumb chair faces 8-year imprisonment

Lee Jeong-hoon, the former chair of Bithumb, one of South Korea’s major cryptocurrency exchanges, is at the center of a legal battle and might face an eight-year prison sentence, with a verdict scheduled for Jan. 18, 2024.

17.11 / 22:15

business Law wallet Disney Uniswap goldman sachs CBOE Crypto Biz: Uniswap’s Android wallet app, Cboe to launch BTC, ETH margin futures, and more

As the final weeks of 2023 approach, it’s fair to say that one of the most dominant trends and drivers of crypto companies’ strategies over the past months can be summed up in a single word: licenses.

17.11 / 16:41

business Blockchain Law Ethereum ENS ENS developers urge Unstoppable Domains to drop patents or face lawsuit

Founder and lead developer of Ethereum Name Service (ENS) Nick Johnson is urging blockchain domains company Unstoppable Domains to drop a recently awarded patent or face a lawsuit, according to an open letter shared on X (formerly Twitter).

17.11 / 11:05

Law Digital Currency regulation Digital Asset regulatory Global securities body IOSCO unveils crypto regulatory framework proposals

The International Organization of Securities Commissions (IOSCO) — an international regulatory body overseeing global securities markets — has released its conclusive report containing policy suggestions for crypto and digital asset (CDA) markets.

16.11 / 12:49

Law regulation SEC Congress Sab 121 Financial US Congress members urge financial authorities to invalidate SEC’s SAB 121

Several members of the United States Congress have submitted a memo urging key financial authorities, including the chair of the board of the Federal Deposit Insurance Commission and the acting comptroller of the currency, to provide guidance or take action clarifying that the U.S. Securities and Exchange Commission (SEC) Staff Accounting Bulletin 121 (SAB 121) is not enforceable following a recent Government Accountability Office (GAO) finding.

16.11 / 09:27

Law regulation Turkey mulls addressing licensing and taxation in new crypto rule

Turkey is reportedly considering regulations for its crypto market, focusing on licensing and taxation. The aim is to remove the country from the “gray list” of an international financial crime watchdog, as Turkey ranks fourth globally in crypto trading.

16.11 / 01:59

business Law Ethereum Adoption SEC Bitcoin ethereum etf analyst Grayscale ETH futures ETF a ‘trojan horse’ for spot Ethereum ETF: Analyst

Grayscale Investments is using its Ether (ETH) futures exchange-traded fund (ETF) application as a “trojan horse” to corner the United States Securities and Exchange Commission into approving its spot Ether ETF, says Bloomberg ETF analyst James Seyffart.

15.11 / 13:47

business Law Robinhood memecoin Robinhood meme stock punters denied class suit certification

Investors pursuing legal action against Robinhood over trading restrictions imposed in early 2021 have faced another setback after the United States District Court for the Southern District of Florida rejected a request for class certification by the plaintiffs on Nov. 13, 2023.

15.11 / 02:29

Law NFT regulation Court Creator of Mutant Ape ripoff NFTs pleads guilty to $3M fraud scheme

The creator of the Mutant Ape Planet nonfungible token (NFT) collection — a knock-off of Yuga Labs’ Mutant Ape Yacht Club project — has pleaded guilty to conspiracy to commit wire fraud in a New York federal court.

14.11 / 21:03

Law XRP ETF regulation Delaware authorities refer fake BlackRock XRP trust filing to state's Justice Department

A fake filing published to the State of Delaware’s Division of Corporations on Nov. 13 will be referred to the Delaware Department of Justice.

14.11 / 19:55

Law regulation sanctions Court Tornado Cash Tornado Cash users file appeal over judgment in favor of US Treasury

A group of Tornado Cash users has filed an appeal in federal court following a ruling upholding the United States Treasury’s decision to add the cryptocurrency mixer to its list of sanctioned entities.

14.11 / 10:33

Law Google Scams malware ChatGPT OpenAI Google sues scammers over creation of fake Bard AI chatbot

Google has filed a lawsuit against three scammers for creating fake advertisements for updates to Google’s artificial intelligence (AI) chatbot Bard, among other things, which, when downloaded, installs malware.

Law Financial News

popular questions about Law

What is Law and why is it important?

Where can I find the latest updates on Law?

How can I verify the accuracy of information on Law?