Surge in Crypto Scams: FSMA Sees Significant Spike in Recovery Room Fraud
The Financial Services and Markets Authority (FSMA), Belgium’s financial regulatory agency, has published its mid-2024 report, highlighting a significant increase in fraudulent activities, particularly involving trading platforms and cryptocurrency scams. Nearly half of the 1,332 consumer reports received in the first half of 2024 pertained to these scams, reflecting a 44% increase from the same […] Powered by...
Russia in the Process of Regulating the Use of Stablecoins for Cross-Border Settlements
Russia is considering adding the subject of stablecoins to an upcoming bill, allowing them to be used officially for completing cross-border payments. Alexey Guznov, Deputy Chairman of the Bank of Russia, declared that proposals have already been presented and the issue is now being discussed. The Ministry of Finance also confirmed that this is being […] Powered by...
Central Bank of Bolivia States Crypto Might Be Beneficial, Remarks Stablecoins Utility as Dollar Proxy
Edwin Rojas Ulo, President of the Central Bank of Bolivia, referred to the recent change in stance that the institution had on crypto and stablecoins. According to reports, Rojas Ulo stated that he believes adding crypto to the national financial system might be beneficial as an alternative and remarked on the function of stablecoins as […] Powered by...
OpenAI Wants New York Times to Show How Original Its Copyrighted Articles Are
Starting last year, various rightsholders began filing lawsuits against companies that develop AI models. The list of complainants includes record labels, book authors, visual artists, and newspapers, including the New York Times. These rightsholders all object to the presumed use of their work to train AI models without proper compensation. The New York Times lawsuit targets OpenAI and Microsoft and is steadily moving forward. OpenAI...
Supreme Court Blow: ISP Bill Payers Aren’t Piracy Police or Instantly Liable
Voltage Pictures and parent Voltage Holdings are among the most active companies in the file-sharing settlement market, and by now, the model is well known. 1. Begin by monitoring BitTorrent swarms where the companies’ movies are being shared without authorization. 2. After capturing the IP addresses and other relevant data relating to alleged infringers, persuade a court to order local ISPs to hand over their customers’ personal...
