Category: legal
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Exclusive-OpenAI tells India court ChatGPT data removal will breach US legal obligations
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Written by Arpan Chaturvedi, Aditya Kalra and Munsif Vengattil NEW DELHI (Reuters) – OpenAI has told an Indian court that any order to remove the training data that powers its ChatGPT service would be inconsistent with its legal obligations in the United States, according to a recent filing seen by…
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Is It Legal To Invest SSAS Pension in Cryptocurrency?
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UK citizens are not allowed to hold cryptocurrencies in their personal pensions. So, if you are looking for a way to profit from the volatile cryptocurrency market, there are two ways to do so. You can buy shares in companies in the cryptocurrency industry or create your own self-administered mini…
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Major Legal Victory For Coinbase: Judge Failla Approves ‘Rare’ Interlocutory Appeal
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On Tuesday, US-based cryptocurrency exchange Coinbase scored a major legal victory in its ongoing dispute with the Securities and Exchange Commission (SEC). Judge Katherine Polk Failla of the Southern District of New York granted Coinbase “A rare introductory call“, allowing the company to challenge the SEC’s claims that it operates…
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McDonald’s faces legal challenge from over 700 workers amid harassment claims
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Hundreds of current and former McDonald’s employees – some as young as 19 – have joined legal action against the fast food giant over allegations of bullying, sexual assault and harassment across more than 450 outlets in the UK. The complaint, filed through law firm Leigh Day, follows a new…
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Solana Co-Founder Faces Legal Heat From Ex-Spouse Over Millions In Staking Profits
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Solana co-founder Stephen Akridge is being sued for allegedly manipulating and taking millions of dollars from his ex-wife’s bonuses. Elisa Rossi The case was filed in San Francisco Superior Court, alleging that Akridge used his technical knowledge of digital assets and blockchain to extract profits from her Solana properties. Stake…
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The Human Cost of 18-Wheeler Accidents: Navigating the Legal Landscape
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18-wheeler accidents can be one of the most disastrous events to hit our roadways. Vehicle accidents have devastating consequences due to their heaviness and complexity; When combined with human error or poor driver decisions, their effects can be devastating for victims of any size. From the serious injuries that occur…
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Crypto Staking Classified As Taxable By IRS Amid Legal Dispute
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The US tax regulator, the Internal Revenue Service (IRS), has reaffirmed its position on cryptocurrency staking, clarifying that rewards generated from staking activities are subject to tax once they are received. The IRS added that staking bonuses do not constitute new property and are therefore subject to immediate taxes upon…
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Ex-OpenAI engineer who raised legal concerns about the technology he helped build has died
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Breadcrumb links PMN BMN Business Article writer: Associated Press Matt O’Brien Posted on December 21, 2024 • 4 minutes read You can save this article by registering for free here. Or log in if you have an account. Sushir Balaji poses for a photo in Hawaii in 2018. Balaji was…
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PNUT Memecoin Drops 10% After Legal Warning To Binance
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This article is also available in Spanish. Cryptocurrency exchange Binance has been hit with a cease-and-desist letter from Mark Longo, owner of the website Peanut the Squirrel, over alleged copyright infringement. PNUT, the popular squirrel-inspired memecoin, saw a nearly 10% drop following the news. Related reading Internet squirrel becomes a…
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Vodafone faces £120 million franchisee legal battle over alleged ‘bad faith’ business practices
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Vodafone is facing a legal claim worth more than £120 million brought by 61 current and former UK franchisees, representing one of the largest franchise-related claims against a major British company. The group of claimants, who are several long-standing and loyal franchise partners who started their careers with Vodafone, allege…
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Legal Clarity For Bitcoin Holders: Shanghai Court Rules Crypto Ownership Is Permissible
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In a step toward regulatory clarity for Bitcoin holders in China, a court in Shanghai issued an opinion stating that personal ownership of digital assets is not illegal under… Chinese law. Personal Bitcoin ownership is legal opinion, Articulated Written by Sun Jie, Judge of the Shanghai Songjiang People’s Court, and…
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Robinhood Legal Boss On Shortlist For Top Spot
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This article is also available in Spanish. There’s a big revamp coming to the Securities and Exchange Commission (SEC). For many reasons, this year’s US presidential elections have become the most important for cryptocurrencies. Cryptocurrency and blockchain technology have become an election issue, with both Republican and Democratic candidates angering…
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Robinhood Legal Boss On Shortlist For Top Spot
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This article is also available in Spanish. There’s a big revamp coming to the Securities and Exchange Commission (SEC). For many reasons, this year’s US presidential elections have become the most important for cryptocurrencies. Cryptocurrency and blockchain technology have become an election issue, with both Republican and Democratic candidates angering…
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Foreign airlines seek legal changes before returning to Israel
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Representatives of foreign airlines in Israel sent a letter to the legal advisor of the Knesset Economic Affairs Committee requesting that the Aviation Services Law be amended. The amendment would make things easier for foreign airlines affected by the disruptions resulting from the war. Airlines include low-cost and legacy carriers…
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Foreign airlines seek legal changes before returning to Israel
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Representatives of foreign airlines in Israel sent a letter to the legal advisor of the Knesset Economic Affairs Committee requesting that the Aviation Services Law be amended. The amendment would make things easier for foreign airlines affected by the disruptions resulting from the war. Airlines include low-cost and legacy carriers…
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Unite union threatens legal action over cuts to pensioners’ winter fuel payments
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The union Unite has issued a stark warning to the UK Government over its controversial decision to cut winter fuel payments for millions of pensioners, threatening to pursue a judicial review if the policy is not reversed. The policy, initially announced in July and confirmed in the latest Budget, aims…
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Private schools to launch legal action against VAT on fees, calling policy ‘discriminatory’
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Private schools in the UK, represented by the Independent Schools Council (ISC), have voted to take legal action against Labour’s decision to impose VAT on school fees. The International Study Centre, which represents 1,400 independent schools, says the new tax is discriminatory, and particularly affects students with special educational needs…
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Coinbase CEO Blasts SEC For Senseless Legal Tactics, Demands Apology
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Coinbase CEO Brian Armstrong has publicly gone on to say so criticize The US Securities and Exchange Commission announced that its position on cryptocurrencies is “confusing and inconsistent.” He cited the issue of regulatory uncertainty as something looming large in the sector, hurting innovation and investor confidence. Armstrong’s criticisms reflect…
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Coinbase CEO Blasts SEC For Senseless Legal Tactics, Demands Apology
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Coinbase CEO Brian Armstrong has publicly gone on to say so criticize The US Securities and Exchange Commission announced that its position on cryptocurrencies is “confusing and inconsistent.” He cited the issue of regulatory uncertainty as something looming large in the sector, hurting innovation and investor confidence. Armstrong’s criticisms reflect…
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Hacked WazirX Users Take Legal Action – Class-Action Lawsuit in the Works
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Victims of the WazirX hack last July 2024 are now planning to Class action. According to multiple sources, a group of victims is finalizing plans to sue India’s largest cryptocurrency exchange to recover more than $600,000 in cryptocurrency assets. It is the latest development related to the largest in India…