- The U.S. Securities and Exchange Commission (SEC) has charged New York-based FinTech investment adviser Titan Global Capital Management USA LLC (Titan) with violations related to misleading advertisements and other compliance failures.
- From August 2021 to October 2022, Titan made misleading statements on its website about the hypothetical performance of its investment strategies, including its Titan Crypto strategy.
- Titan’s advertisements projected “annualized” performance results as high as 2,700%.
Sam Bankman-Fried Allowed to Meet with Lawyers for Supervised Internet Access
Federal judge ruled that Sam Bankman-Fried is allowed to meet with lawyers for supervised, one-time access to the internet. This comes after a request by Bankman-Fried’s lawyer for an exception from his home confinement sentence due to his need to assist in legal proceedings related to his business. The judge agreed that this was necessary given Bankman-Fried’s inability to participate without access to the internet.
Federal Judge Rules Art Generated by AI Cannot Be Copyrighted
A federal judge recently ruled that art generated purely by AI cannot be copyrighted under U.S. law. This decision is seen as a victory for artists who use AI in their work, allowing them greater freedom of expression and creativity without fear of copyright infringement claims against them or their works being stolen. The ruling also makes clear that no one has the exclusive right over creative works produced solely by algorithms or computer programs.
Binance Limiting Access To SEPA Customers Ahead Of Announced Deadline
Binance has begun limiting access to SEPA customers more than a month ahead of the announced deadline set by EU regulators for all cryptocurrency exchanges operating within Europe. The move is seen as a way for Binance to take proactive action in order to comply with new rules governing crypto trading within the region before they go into effect next month. It remains unclear what impact this will have on users’ ability or willingness to continue trading on Binance’s platform despite these restrictions.