Sam Bankman-Fried Allowed Supervised Internet Access for One-Time Meeting
• Sam Bankman-Fried, the founder and former CEO of FTX, will be allowed to meet with his lawyers on Tuesday.
• The meeting will take place in the Marshal’s cell block attorney room and Bankman-Fried’s counsel will be allowed to bring one Internet-enabled laptop and one wifi device.
• Judge Lewis Kaplan filed a court order granting the relief in question and allowing for supervised access to the internet for this one time event.
Sam Bankman-Fried Allowed To Meet With Lawyers For Supervised, One-Time Internet Access
Sam Bankman-Fried, the founder and former CEO of FTX, will be able to meet with his lawyers on Tuesday according to a filing dated Aug 21. A court order was granted by Judge Lewis Kaplan that allows for supervised access to the internet for this one time event. The meeting is scheduled from 8:30am – 3:00pm in the Marshal’s cell block attorney room and Bankman-Fried’s counsel will be allowed to bring one Internet-enabled laptop and one wifi device.
Judge Rules Art Generated By AI Cannot Be Copyrighted
A Federal judge recently ruled that art generated purely by Artificial Intelligence (AI) cannot be copyrighted as it does not fall under existing laws protecting artistic works created by human authorship. This ruling could have significant implications for legal disputes involving creative works created through machine learning algorithms or other AI technologies as it sets precedent that works of this nature are not subject to copyright protection.
Binance Begins Limiting Access To SEPA Customers
Binance has begun limiting access to customers using Single Euro Payments Area (SEPA) payments more than a month ahead of its announced deadline of August 31st 2021. This move is seen as an effort to comply with new European Union regulations aimed at improved anti money laundering measures which require cryptocurrency exchanges like Binance operate separate accounts based upon payment methods used by their customers.
SEC Charges Titan Global Capital Management For ‘Misleading’ Performance Metrics
The Securities Exchange Commission (SEC) recently charged Titan Global Capital Management LLC with misleading investors about performance metrics related to two funds they managed in 2020/2021. According to SEC filings, Titan failed „to disclose material information“ regarding their fund’s performance when marketing them publicly which led investors being misled about actual returns earned by those funds during that period.
Rep Maxine Waters Criticizes PayPal’s Stablecoin And Demands Regulation On Par With Financial Institutions
Congresswoman Maxine Waters recently expressed her disapproval towards PayPal’s stablecoin project stating that she believes regulatory oversight must be applied on par with other financial institutions involved in digital assets services before it can launch successfully . She also warned against potential dangers posed from large corporations like PayPal entering into cryptocurrency markets without appropriate regulatory frameworks already established beforehand.