Federal Reserve Chairman Kevin Warsh is reportedly prepared to support a rate hike at the September meeting if inflation data, due to …
Allegedly
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Smart Contracts
Anthropic Faces Lawsuit Over Allegedly Misleading Claude AI Pricing
by shayaanby shayaanIn short Anthropic is facing a lawsuit over its Claude Max AI subscriptions. Plaintiff Karl Kahn claims the company’s Max 5x and …
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Smart Contracts
Google Sues Chinese Crime Group for Allegedly Using Gemini AI for Mass Phishing Scams
by shayaanby shayaanIn short Google has filed a lawsuit in New York federal court against Outsider Enterprise alleging it used Gemini AI to enable …
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Regulation
Polymarket allegedly paid influencers at least $350,000 for undisclosed promotions: report
by shayaanby shayaanPolymarket has paid at least $350,000 to social media influencers over a 14-month period, with many of those creators later promoting the …
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Smart Contracts
Ukrainian Police Officers Allegedly Kidnapped Crypto Entrepreneurs to Extort Millions
by shayaanby shayaanIn short Former Ukrainian police officers are said to have kidnapped crypto entrepreneurs and extorted approximately $2.2 million through violence, intimidation and …
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Regulation
General Motors To Pay $12,750,000 in Penalties for Allegedly Selling Contact Info, Names, Geolocation and Behavior Data of Drivers to Insurance Firms and Data Brokers
by shayaanby shayaanGiant automaker General Motors (GM) has reached a multi-million dollar deal in California to settle allegations of unlawful sale of data belonging …
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Ripple CEO Brad Garlinghouse allegedly revealed that former SEC Chair Gary Gensler had personally apologized for his agency’s multi-year battle against crypto. …
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Regulation
US Heiress Slaps Billion-Dollar Lawsuit on Banks for Allegedly Aiding the Looting of Her $350,000,000 Trust Fund
by shayaanby shayaanAn heiress has launched a massive trust-fund lawsuit against major global banks, accusing them of playing a central role in the decades-long …
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Finance
The Bitcoin and Cryptocurrency Development Wall Street CEOs Have Been Waiting For Is Allegedly About to Happen
by shayaanby shayaanUS banks may soon gain wider access to crypto services under the Trump administration. The Federal Deposit Insurance Corporation (FDIC) plans to …
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Regulation
Wells Fargo and Merill Lynch Paying $60,000,000 Fine for Allegedly Shortchanging Customers While Making Bank on Client Cash
by shayaanby shayaanTwo Wall Street titans are shelling out a combined $60 million to the U.S. Securities and Exchange Commission for allegedly serving their …