Economists Rally Behind Honduras in $10.8 Billion Legal Fight Over Crypto Island Project
A group of 85 economists has supported the Honduran government’s decision to leave the World Bank’s arbitration body, the International Centre for Settlement of Investment Disputes (ICSID), amidst a legal conflict with the crypto island project Próspera Inc., which seeks $10.8 billion in compensation after losing its special economic status due to legislative changes in […] Powered by...
Coinbase to Provide Key Infrastructure for Blackrock’s Tokenized Investment Fund
Coinbase has been chosen as a key infrastructure provider for Blackrock’s newly unveiled tokenized investment fund, the crypto exchange has revealed. “This is the latest progression of our digital assets strategy,” said Blackrock’s head of digital assets. “We are focused on developing solutions in the digital assets space that help solve real problems for our […] Powered by...
EU Commission Encourages Use of New Anti-Piracy Toolbox
Most anti-piracy tools and mechanisms, whether dedicated online platforms or legislation crafted to achieve a particular goal, have issues that affect their performance. No matter how tough, legislation could be of date when finally implemented, or reveal itself to be unwieldy in practice, too costly, or simply ineffective. Technical solutions may face compliance and regulatory issues, while pirate adversaries remain light on their...
Music Industry Threatens ‘Deepfake AI Music’ Service With Legal Action
Over the past year, new artificial intelligence tools and services have been surfacing everywhere. The same can be said for AI-related lawsuits and complaints, which have been piling up by the dozen. In the UK, music industry group BPI has enetered the mix, targeting AI-generated voice models and cover tracks. This technology, which partly relies on copyrighted recordings, has been controversial for a while. Voicify Faces Legal...
ISP’s Landmark Piracy Liability Case Doesn’t Get a Do-Over in Appeals Court
Late 2019, Internet provider Cox Communications lost its legal battle against a group of major record labels, including Sony and Universal. Following a two-week trial, a Virginia jury held Cox liable for its pirating subscribers. The ISP failed to disconnect repeat infringers and was ordered to pay $1 billion in damages. That wasn’t the end of it. Following the initial verdict Cox launched several challenges, including an appeal that...
