• Binance, a crypto exchange, is allegedly maintaining ties with blacklisted Russian banks despite Western sanctions.
• Sam Bankman-Fried was allowed supervised internet access to meet with lawyers.
• Federal judge ruled that art generated purely by AI cannot be copyrighted.
Binance Allegedly Maintaining Ties With Blacklisted Banks
Binance, one of the world’s largest cryptocurrency exchanges, is facing allegations that it has been maintaining ties with blacklisted Russian banks despite Western sanctions. The Wall Street Journal (WSJ) reported on this issue earlier this week, citing “people familiar with the matter” and internal documents from Binance. According to the report, these connections may expose the company to potential money laundering risks.
Sam Bankman-Fried Granted Supervised Internet Access
In other news, Sam Bankman-Fried, CEO of Alameda Research and FTX Exchange, was granted supervised internet access by a federal court in California to meet with his lawyers during his ongoing criminal case. Bankman-Fried had requested permission for limited online activity so he could prepare for his trial without risking jail time for violating conditions of his pretrial release agreement. However, he will still have restrictions on what websites he can visit and how much time he can spend online each day while meeting with his attorneys virtually through video conferencing platforms such as Zoom or Skype.
Federal Judge Rules Art Generated By AI Cannot Be Copyrighted
A federal judge has ruled that art created solely by artificial intelligence (AI) cannot be copyrighted due to its lack of human authorship. This ruling comes after a dispute between two companies over an AI-generated painting which one firm claimed was their original work and sought copyright protection for it in court but ultimately failed to do so because the courts found that there was no human authorship involved in creating the artwork. This ruling is expected to have far-reaching implications in regards to copyrighting works created using AI technology in the future as well as other issues related to intellectual property rights more generally.
Binance Limiting Access To SEPA Customers Ahead Of Announced Deadline
Binance recently began limiting access to its services for customers using SEPA payments more than a month ahead of its announced deadline for doing so. The move follows reports of fraud involving SEPA payments made through Binance which led the exchange to temporarily suspend SEPA deposits and withdrawals while they investigate further into the issue and assess any potential risk posed by continuing operations under these payment methods going forward.
SEC Charges Titan Global Capital Management For Misleading Performance Metrics
Finally, The U.S Securities & Exchange Commission (SEC) charged Titan Global Capital Management LLC with misleading investors about its performance metrics when marketing investments managed by Titan Global Funds LP and Titan Global Offshore Fund Ltd . According to SEC’s complaint , these entities falsely claimed impressive returns without disclosing information about their actual performance or any losses incurred during certain periods of time when marketing their funds .