Law Financial News

20.09 / 12:41

Law Google copyrights Meta OpenAI Copyright Training Meta refutes claims of copyright infringement in AI training

Meta has refuted claims that its artificial intelligence (AI) model Llama was trained using copyrighted material from popular books.

19.09 / 19:03

Government Law Binance SEC Court Bitcoin interest rate hikes Interest rate hikes may pause very soon — Here’s why

On this week’s episode of The Market Report, analyst Marcel Pechman discusses Bitcoin’s (BTC) strength ahead of the United States Federal Reserve’s Federal Open Market Committee (FOMC) meeting, with investors betting on an interest rate freeze.

19.09 / 16:43

Law regulation crimes FTX Court Fried Sam Judges weigh early release for Sam Bankman-Fried as lawyers push First Amendment issues: Report

A three-judge panel from the United States Court of Appeals for the Second Circuit has reportedly taken arguments from lawyers representing former FTX CEO Sam Bankman-Fried (SBF) under advisement in considering releasing him from jail prior to his October trial.

19.09 / 13:49

Government Blockchain Technology Law Adoption Asia Blockchain Adoption Indian Indian state governments spur blockchain adoption in public administration

Ever since Bitcoin (BTC) popularized blockchain technology worldwide, the tech has found its way into myriad processes, from finance to public administration.

19.09 / 10:13

business Law regulation Court Stanford University FTX founder’s parents sued, accused of stealing millions from crypto exchange

Debtors of the bankrupt cryptocurrency exchange FTX have launched legal action against the parents of FTX founder Sam “SBF” Bankman-Fried, alleging that they misappropriated millions of dollars through their involvement in the exchange’s business.

19.09 / 05:33

Law regulation Altcoin Scams Court OneCoin Lawyer who laundered $400M from OneCoin scam denied new trial: Report

The lawyer responsible for laundering $400 million from the OneCoin fraud has been denied a motion seeking a new trial, despite a prosecution witness having perjured themselves in the trial against him in 2019.

19.09 / 00:47

business Law Binance regulation SEC Court SEC sees temporary setback in request to access Binance.US software

The United States Securities and Exchange Commission (SEC) has failed to win immediate access to Binance.US's software in a Sept. 18 hearing, with the judge saying he isn't “inclined to allow the inspection at this time.”

18.09 / 23:05

Law regulation SEC Court SEC embroiled in court cases; Hester Peirce says crypto firms shouldn’t give up on US

Hester Peirce, one of five commissioners with the United States Securities and Exchange Commission (SEC) and an outspoken proponent of crypto, has urged lawmakers and regulators for clarity on digital assets.

18.09 / 01:55

business Law regulation JPEX blames partners for ‘maliciously’ freezing funds, causing liquidity crisis

Dubai-based cryptocurrency exchange JPEX has slammed regulators and “third-party market makers” for a liquidity crisis that has seen the platform hike withdrawal fees and suspend certain operations.

17.09 / 06:43

Law regulation FTX YouTube Bankruptcy stars settlement NRL and Youtube stars reach settlement in FTX class-action lawsuit: Report

NRL quarterback Trevor Lawrence and YouTube influencers Kevin Paffrath and Tom Nash have reportedly settled a lawsuit over alleged inadequate compensation disclosure in their promotions for the now-defunct cryptocurrency exchange FTX.

15.09 / 21:29

Law regulation Gemini Court Digital Currency Group Gemini legal team accuses DCG of 'gaslighting' Genesis creditors

Lawyers representing Gemini Trust have pushed back against a plan proposed by Digital Currency Group (DCG) for creditors of Genesis Global.

15.09 / 20:27

Law regulation crimes FTX Fried Sam Sam Bankman-Fried says, ‘I did what I thought was right,' in leaked docs: Report

Former FTX CEO Sam Bankman-Fried, facing multiple criminal charges related to alleged misuse of user funds, reportedly denied many of the allegations against him in documents containing a draft of a thread on X (formerly Twitter) that he never posted.

15.09 / 17:03

Law Mining regulation Celsius settlement Celsius and Core Scientific propose $14M settlement for litigation

Crypto mining firm Core Scientific has announced an agreement with lending company Celsius Network to settle a legal battle that had been ongoing for months.

15.09 / 13:21

Government Technology Law Adoption ChatGPT Five AI trends to look forward to in 2023 and beyond

The artificial intelligence (AI) market has been growing at an exponential pace over the last couple of years, thanks in large part to consumer-ready products such as ChatGPT, Google Bard and IBM Watson that are now being used commonly across the globe.

15.09 / 08:55

Blockchain Law XRP regulation SEC Tokens XRP lawyer John Deaton joins LBRY case as amicus curiae

Lawyer John Deaton, who represents numerous XRP token holders in the Ripple- Securities Exchange Commission (SEC) lawsuit, has formally submitted his notice of appearance as an Amicus Curiae in the LBRY lawsuit.

14.09 / 19:31

Law regulation crimes Celsius Former Celsius exec pleads guilty to criminal charges

Roni Cohen-Pavon, the former chief revenue officer of cryptocurrency lending firm Celsius, has reportedly pleaded guilty to charges related to fraud and price manipulation.

14.09 / 15:45

Government Law Adoption us government Wyoming stablecoin: Are state digital currencies even possible?

In July, the American state of Wyoming shared an open job position for the head of its Stable Token Commission.

14.09 / 07:31

Law defi CFTC regulation Decentralization Coinbase CEO champions DeFi, calls for court action to set legal precedent

Coinbase CEO Brian Armstrong has expressed his endorsement of decentralized finance (DeFi) protocols. In a recent social media post, Armstrong urged the DeFi protocols to consider legal proceedings in court to set a precedent, as the legal system has consistently demonstrated its dedication to upholding the rule of law. The current approach is mainly pushing a crucial industry toward overseas jurisdictions, he said.

14.09 / 06:41

Law Art regulation bills Californian lawmaker proposes legislation to protect actors from AI clones

A Californian lawmaker has introduced a bill to protect actors, artists, and entertainers from artificial intelligence, by mandating employment contracts to include informed consent when it comes to digital replicates.

14.09 / 03:59

business Law Singapore's central bank slugs Three Arrows founders with 9-year ban

The Monetary Authority of Singapore (MAS) has issued a nine-year prohibition order to Three Arrows Capital (3AC) founders Kyle Davies and Zhu Su over alleged violations of the country's securities laws.

14.09 / 03:59

business Law regulation Court Bankruptcy Toughen up. Mt. Gox's ex-CEO only had a ‘little calculator’ to prepare for trial

Mark Karpelès, the former CEO of the collapsed exchange Mt. Gox, seems to have little in the way of sympathy for former FTX CEO Sam Bankman-Fried, who’s been trying to get released from prison to prepare for his upcoming trial, citing poor internet.

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