Record labels unhappy with court win, say ISP should pay more for user piracy
The big three record labels notched another court victory against a broadband provider last month, but the music publishing firms aren’t happy that an appeals court only awarded per-album damages instead of damages for each song. Universal, Warner, and Sony…
Bitcoin hits record high as Trump vows to end crypto crackdown
Bitcoin hit a new record high late Monday, its value peaking at $89,623 as investors quickly moved to cash in on expectations that Donald Trump will end a White House crackdown that intensified last year on crypto. While the trading…
FTX sues Binance for $1.76B in battle of crypto exchanges founded by convicts
The lawsuit further claims that while FTX was “in freefall, Zhao sent additional false tweets calculated, in part, to prevent FTX from seeking and obtaining alternative financing to cauterize the run on the institution by customers deceived by the tweets….
Man gets 10 years for stealing $20M in nest eggs from 400 US home buyers
A Nigerian man living in the United Kingdom has been sentenced to 10 years for his role in a phishing scam that snatched more than $20 million from over 400 would-be home buyers in the US, including some savers who…
Air quality problems spur $200 million in funds to cut pollution at ports
“We’re essentially creating a microgrid at the port,” she said. Improving the air for disadvantaged communities The Clean Ports funding will also be a boon for people like Garcia, who live near a US shipping port. Shipping ports are notorious…
Verizon, AT&T tell courts: FCC can’t punish us for selling user location data
Supreme Court ruling could hurt FCC case Both AT&T and Verizon cite the Supreme Court’s June 2024 ruling in Securities and Exchange Commission v. Jarkesy, which held that “when the SEC seeks civil penalties against a defendant for securities fraud,…
Discord terrorist known as “Rabid” gets 30 years for preying on kids
Densmore likely motivated by fame Online, Densmore was known in so-called “Sewer” communities under the alias “Rabid.” During their investigation, the FBI found that Densmore kept a collection of “child pornography and bloody images of ‘Rabid,’ ‘Sewer,’ and ‘764’ carved…
Meta beats suit over tool that lets Facebook users unfollow everything
Meta has defeated a lawsuit—for now—that attempted to invoke Section 230 protections for a third-party tool that would have made it easy for Facebook users to toggle on and off their news feeds as they pleased. The lawsuit was filed…
TSMC will stop making 7 nm chips for Chinese customers
The company is understood to be particularly wary of being targeted as unreliable or uncooperative as Donald Trump is set to become the next US president. This year, Trump accused Taiwan of “stealing” the US chip industry, and suggested TSMC…
Trump’s likely FCC chair wrote Project 2025 chapter on how he’d run the agency
The chair does not have unlimited power, of course. Congress can expand or reduce the FCC’s authority by passing new laws or eliminating existing ones. FCC decisions are routinely challenged in court, and a recent Supreme Court ruling limited the…