Judge Allows Artists’ Lawsuit Against Gen AI Makers
A judge has ruled that artists’ lawsuits against generative AI creators can proceed, potentially impacting intellectual property law A…
UK Regulator Investigates Microsoft’s Inflection AI Hiring
Find out the UK watchdog’s investigation into Microsoft’s hiring of former Inflection AI staff, highlighting ongoing regulatory…
Byju’s, Formally Valued at $22B, Faces Insolvency
An Indian tribunal court commenced insolvency proceedings for Byju’s, formerly India’s most valuable startup, following a petition from the…
Google in Talks to Buy Cyber Startup Wiz for $23B
Google is in advanced negotiations to purchase cybersecurity company Wiz for $23 billion, potentially marking its largest acquisition to date,…
TikTok: U.S. Ban Inevitable Without Court Order
ByteDance says divestiture isn’t possible, TikTok claims the law violates free speech, and has spent over $2 billion to protect U.S.…
Amazon to Pay $5.9 Million+ Fine for California Labor Violations
California’s labor regulator fined Amazon approximately $6 million for violating the state’s Warehouse Quotas law after officials…
US sues Adobe: Subscription Cancellation Hurdles, Hidden Fees
The US government sues Adobe, accusing the software company of difficulties related to subscription cancellation fees and processes According…
Turkey Targets Crypto With New 0.03% Transaction Tax
As part of a significant fiscal reform to resolve the budget deficit resulting from recent earthquakes, Turkey implemented a 0.03% tax on…
Hong Kong Places Ban on All Unlicensed Crypto Exchanges
Crypto exchanges in Hong Kong that have not obtained an operational license from the Securities and Futures Commission (SFC) must halt their…
Biden Vetoes Congress on SEC Anti-Crypto Resolution
President Joe Biden has vetoed a resolution aimed at overturning the U.S. Securities and Exchange Commission’s (SEC) Staff Accounting…
$1.4B In Bitcoin Shorts At Risk If BTC Hits $74.3K
The recent surge in Bitcoin’s price is driven by factors such as growing investor confidence, reduced exchange supply, and increased…
Oklahoma Crypto Law: Miner Protection, Blockchain Rules
On May 13, Oklahoma Governor Kevin Stitt signed into law legislation that establishes a legal structure for blockchain technology and protects…
Developer Of Tornado Cash Convicted Of Cash Laundering
Since August 2022, Pertsev has been detained in the Netherlands following the blacklisting of Tornado Cash by the United States government…