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Apple, Meta Said to Face Modest Fines Over DMA Breaches in EU
Apple and Meta Platforms are set to face modest fines for allegedly breaching the DMA acts. The EU antitrust enforcer is focused on making sure the companies comply with the law rather than sanctioning them, the sources said, explaining the rationale for modest fines.
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OKX Admits to Unlicensed Operations, Agrees to $505 Million Settlement with US DoJ
The OKX crypto exchange has pleaded guilty to operating an unlicensed money transmission business in the US. As part of the settlement, its parent company, Aux Cayes FinTech, paid an $84 million (roughly Rs. 731 crore) penalty and forfeited $421 million (roughly Rs. 3,667 crore) in fees, primarily collected from a few institutional clients.
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Google's AI Overviews Erode the Internet, US EdTech Firm Chegg Says in Lawsuit
Chegg, an online education company that offers textbook rentals, homework help, and tutoring has filed a lawsuit against Google. In the lawsuit filed in Washington, D.C., Google is co-opting publishers' content to keep users on its own site, erasing financial incentives to publish.
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Suits LA Now Streaming on JioHotstar: What You Need to Know
Suits LA brings high-stakes legal drama to Los Angeles with an all-new cast, led by Stephen Amell as Ted Black. The series follows his journey from New York to LA, where he establishes himself at a top law firm handling high-profile clients. Gabriel Macht reprises his role as Harvey Specter, paving the way for potential crossovers.
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ESMA Proposes Staff Assessment Guidelines for Crypto Firms Under MiCA Regulations
The EU's ESMA has released a proposal of suggested guidelines to help crypto firms assess the competence requirements for their staff members. By introducing this step, the regulatory agency said, it wants to ensure that only people with the right risk-and-benefit knowledge on crypto get to engage with investors and help them make informed decision...
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"Disaster": Trump Halts Law Barring Firms From Bribing Foreign Officials
President Donald Trump signed an executive order rolling back enforcement of a law that bars US companies from bribing foreign officials, arguing that the restriction puts American firms at a disadvantage.
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China Reportedly Considers Probe Into Apple's Policies, App Store Fees
China's antitrust regulator is reportedly planning an investigation into Apple's policies and App Store fees. The country's State Administration for Market Regulation is reviewing Apple's policies, including its commission of up to 30 percent on in-app purchases and restrictions on external payment services and App Stores, the report said.
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BlackRock Said to be Preparing to Launch Bitcoin Exchange-Traded Product in Europe
BlackRock is gearing up to launch a bitcoin exchange-traded product in Europe. The product will likely be domiciled in Switzerland, a source told Reuters. As of now, the asset management firm has neither confirmed nor denied the reports.
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Bitpanda, OKX, Crypto.com Acquire Licences in EU as MiCA Laws Attracts Web3 to RegionÂ
Crypto exchanges OKX and BitPanda have secured licences in the EU region, making their operations legally compliant in 30 countries that comprises the European Economic Area (EEA). While OKX has received its licence in Malta, Bitpanda bagged its MiCA licence in Germany.Â
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Intelligence Analysis Firm i2 Group Partners Chainalysis to Upgrade Software With Blockchain Technology
i2 Group has partnered with blockchain data firm Chainalysis to integrate blockchain to its link analysis platform, named Analyst’s Notebook. Chainalysis said this will allow cybersecurity experts using the Analyst’s Notebook to gather detailed insights on suspicious crypto-related activities.
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Andrew Tate Faces Legal Action Over Posts About UK Lawmaker
Controversial influencer Andrew Tate is facing legal action by UK lawmaker Sorcha Eastwood over insulting social media postings about her, a law firm said on Tuesday.
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Over 700 Young Workers Sue McDonald's UK, Allege Harassment, Racism
More than 700 young workers are suing McDonald's UK after widespread harassment claims were exposed in the media in 2023, law firm Leigh Day said on Tuesday.
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TikTok Ban: US Appeals Court Upholds Law Forcing Its Sale Ahead of Deadline
A US federal appeals court has upheld a law requiring ByteDance to divest its popular short video app TikTok in the US by early 2025, ahead of an upcoming deadline. The decision from the appeals court increases the chances that TikTok will face an unprecedented ban in six weeks, that could cut off access to the service for 170 million users in the ...
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Flipkart, Amazon Executives To Be Summoned Over Alleged Forex Violations: Report
India's financial crime agency will summon Flipkart and Amazon executives as it steps up an investigation into alleged foreign investment law violations, days after raiding some of the e-commerce firms' sellers, a government source told Reuters.
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Indian Firms Sanctioned By US Not In Violation Of National Laws: Centre
The Ministry of External Affairs (MEA) on Saturday reacted to the recent US sanctions imposed on several Indian firms and nationals, with a spokesperson stating that Indian companies have not violated any national laws.
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Apple, Meta Said to Face Modest Fines Over DMA Breaches in EU
Apple and Meta Platforms are set to face modest fines for allegedly breaching the DMA acts. The EU antitrust enforcer is focused on making sure the companies comply with the law rather than sanctioning them, the sources said, explaining the rationale for modest fines.
-
OKX Admits to Unlicensed Operations, Agrees to $505 Million Settlement with US DoJ
The OKX crypto exchange has pleaded guilty to operating an unlicensed money transmission business in the US. As part of the settlement, its parent company, Aux Cayes FinTech, paid an $84 million (roughly Rs. 731 crore) penalty and forfeited $421 million (roughly Rs. 3,667 crore) in fees, primarily collected from a few institutional clients.
-
Google's AI Overviews Erode the Internet, US EdTech Firm Chegg Says in Lawsuit
Chegg, an online education company that offers textbook rentals, homework help, and tutoring has filed a lawsuit against Google. In the lawsuit filed in Washington, D.C., Google is co-opting publishers' content to keep users on its own site, erasing financial incentives to publish.
-
Suits LA Now Streaming on JioHotstar: What You Need to Know
Suits LA brings high-stakes legal drama to Los Angeles with an all-new cast, led by Stephen Amell as Ted Black. The series follows his journey from New York to LA, where he establishes himself at a top law firm handling high-profile clients. Gabriel Macht reprises his role as Harvey Specter, paving the way for potential crossovers.
-
ESMA Proposes Staff Assessment Guidelines for Crypto Firms Under MiCA Regulations
The EU's ESMA has released a proposal of suggested guidelines to help crypto firms assess the competence requirements for their staff members. By introducing this step, the regulatory agency said, it wants to ensure that only people with the right risk-and-benefit knowledge on crypto get to engage with investors and help them make informed decision...
-
"Disaster": Trump Halts Law Barring Firms From Bribing Foreign Officials
President Donald Trump signed an executive order rolling back enforcement of a law that bars US companies from bribing foreign officials, arguing that the restriction puts American firms at a disadvantage.
-
China Reportedly Considers Probe Into Apple's Policies, App Store Fees
China's antitrust regulator is reportedly planning an investigation into Apple's policies and App Store fees. The country's State Administration for Market Regulation is reviewing Apple's policies, including its commission of up to 30 percent on in-app purchases and restrictions on external payment services and App Stores, the report said.
-
BlackRock Said to be Preparing to Launch Bitcoin Exchange-Traded Product in Europe
BlackRock is gearing up to launch a bitcoin exchange-traded product in Europe. The product will likely be domiciled in Switzerland, a source told Reuters. As of now, the asset management firm has neither confirmed nor denied the reports.
-
Bitpanda, OKX, Crypto.com Acquire Licences in EU as MiCA Laws Attracts Web3 to RegionÂ
Crypto exchanges OKX and BitPanda have secured licences in the EU region, making their operations legally compliant in 30 countries that comprises the European Economic Area (EEA). While OKX has received its licence in Malta, Bitpanda bagged its MiCA licence in Germany.Â
-
Intelligence Analysis Firm i2 Group Partners Chainalysis to Upgrade Software With Blockchain Technology
i2 Group has partnered with blockchain data firm Chainalysis to integrate blockchain to its link analysis platform, named Analyst’s Notebook. Chainalysis said this will allow cybersecurity experts using the Analyst’s Notebook to gather detailed insights on suspicious crypto-related activities.
-
Andrew Tate Faces Legal Action Over Posts About UK Lawmaker
Controversial influencer Andrew Tate is facing legal action by UK lawmaker Sorcha Eastwood over insulting social media postings about her, a law firm said on Tuesday.
-
Over 700 Young Workers Sue McDonald's UK, Allege Harassment, Racism
More than 700 young workers are suing McDonald's UK after widespread harassment claims were exposed in the media in 2023, law firm Leigh Day said on Tuesday.
-
TikTok Ban: US Appeals Court Upholds Law Forcing Its Sale Ahead of Deadline
A US federal appeals court has upheld a law requiring ByteDance to divest its popular short video app TikTok in the US by early 2025, ahead of an upcoming deadline. The decision from the appeals court increases the chances that TikTok will face an unprecedented ban in six weeks, that could cut off access to the service for 170 million users in the ...
-
Flipkart, Amazon Executives To Be Summoned Over Alleged Forex Violations: Report
India's financial crime agency will summon Flipkart and Amazon executives as it steps up an investigation into alleged foreign investment law violations, days after raiding some of the e-commerce firms' sellers, a government source told Reuters.
-
Indian Firms Sanctioned By US Not In Violation Of National Laws: Centre
The Ministry of External Affairs (MEA) on Saturday reacted to the recent US sanctions imposed on several Indian firms and nationals, with a spokesperson stating that Indian companies have not violated any national laws.
