What does the SEC’s warning shot at crypto mean?

SEC sues Tron founder and celebrities, including Lindsay Lohan, Jake Paul and Soulja Boy, for crypto securities violations

The U.S. Securities and Exchange Commission sued Justin Sun, the founder of Tron, on allegations of orchestrating “unregistered offer and sale, manipulative trading and unlawful touting of crypto asset securities,” the agency stated Wednesday. The SEC said it was suing Sun, his Tron foundation, the BitTorrent Foundation and BitTorrent (now referred to as Rainberry) over […]

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Delphia co-founder placed on leave after sexual assault allegations from former employee

Delphia co-founder placed on leave after sexual assault allegations from former employee

Delphia, a mobile investment platform, is facing a lawsuit and allegations that its co-founder and CTO Cameron Agius-Westland sexually assaulted and harassed a former employee, according to a complaint filed on Monday and shared exclusively with TechCrunch. The complaint alleges that on August 17, 2022, Westland “sexually assaulted and harassed Plaintiff for at least 30 […]

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New York Attorney General sues former Celsius CEO for defrauding crypto investors

New York Attorney General sues former Celsius CEO for defrauding crypto investors

New York Attorney General Letitia James filed a lawsuit against Alex Mashinsky, co-founder and former CEO of Celsius Network, according to an announcement on Thursday. James alleged that Mashinsky defrauded “hundreds of thousands of investors…out of billions of dollars worth of cryptocurrency.” The lawsuit also claims that Mashinsky “repeatedly made false and misleading statements about […]

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Google consolidates its Chrome and Android password managers

Google to pay $391.5 million in location-tracking settlement with 40 states

Google has agreed to a $391.5 million settlement with 40 state attorneys general over its location tracking practices. The settlement outlines that Google misled its users into thinking they had turned off location tracking even as the company continued to collect their location information. The investigation, which marks the largest attorney general-led consumer privacy settlement […]

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Former Everyrealm execs sue company for sexual harassment, race discrimination

Former Everyrealm execs sue company for sexual harassment, race discrimination

Everyrealm, a metaverse real estate company that spun out of Republic’s crypto arm in February, is facing two lawsuits first filed in August from former directors at the company who allege they each faced numerous, separate instances of discrimination and harassment while working there. In addition to the company itself, multiple Everyrealm executives are also […]

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Meta’s first human rights report is largely self-congratulatory

Facebook moves to settle Cambridge Analytica lawsuit

Can money buy privacy? Facebook’s parent, Meta, has proposed to settle a long-running privacy class action lawsuit in the Northern District of California related to the Cambridge Analytica scandal, Reuters reported Friday — citing a court filing. The size of the proposed settlement has not been disclosed. Meta was contacted for comment but a spokesperson […]

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Snap agrees to $35 million settlement in Illinois privacy lawsuit

Snap agrees to $35 million settlement in Illinois privacy lawsuit

Snap, the parent company of Snapchat, has reached a $35 million settlement in a class action lawsuit in Illinois. The suit alleges that Snapchat’s filters and lenses violated Illinois’ Biometric Information Privacy Act (BIPA), which is a powerful state measure that has tripped up tech companies in recent years. The news was first reported by […]

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Netflix’s lawsuit against the ‘Bridgerton Musical’ could change online fandom

Netflix’s lawsuit against the ‘Bridgerton Musical’ could change online fandom

Netflix filed a lawsuit this weekend against two TikTok stars in their early twenties, Abigail Barlow and Emily Bear, alleging that their Grammy-winning “Unofficial Bridgerton Musical” project infringed on the copyright of Netflix‘s original series “Bridgerton.” Early last year, the songwriting duo started penning impressive ballads about the popular Netflix show for fun, posting them […]

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OpenAI expands access to DALL-E 2, its powerful image-generating AI system

Commercial image-generating AI raises all sorts of thorny legal issues

This week, OpenAI granted users of its image-generating AI system, DALL-E 2, the right to use their generations for commercial projects, like illustrations for children’s books and art for newsletters. The move makes sense, given OpenAI’s own commercial aims — the policy change coincided with the launch of the company’s paid plans for DALL-E 2. […]

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