The U.S. Securities and Exchange Commission (SEC) is suing a crypto startup, NovaTech, for allegedly fraudulently raising more than $650 million from over 200,000 investors, many in the Haitian-American community. The SEC frames NovaTech, founded in 2019 by husband-and-wife duo Cynthia and Eddy Petion, as a multi-level marketing (MLM) scheme — one that lured investors […]
SEC charges crypto firm NovaTech with fraud Read More »
The U.K. government has indicated it may seek stronger powers to regulate tech platforms follows days of violent disorder across England and Northern Ireland fuelled by the spread of online disinformation. On Friday prime minister Keir Starmer confirmed there will be a review of the Online Safety Act (OSA). The legislation, which was passed by
Count Spotify and Epic Games among the Apple critics who are not happy with the iPhone maker’s newly revised compliance plan for the European Union’s Digital Markets Act (DMA). Shortly after Apple announced the updated version on Tuesday, including loosened restrictions along with the addition of two more fees, Spotify shared a statement with TechCrunch
Apple has further revised its compliance plan for the European Union’s Digital Markets Act (DMA) rulebook which, since March, has forced it to give iOS developers more freedom over how they can distribute and promote their content on its mobile platform. The iPhone maker is already under investigation by the European Commission for suspected non-compliance
The U.K.’s internet regulator, Ofcom, has published an open letter to social media platforms raising concerns about the use of their tools to incite violence. The development follows days of violent civil unrest and rioting in towns and cities around the United Kingdom after the slaying of three young girls in a knife attack in
Hewlett Packard Enterprise’s (HPE) planned $14 billion acquisition of Juniper Networks is one step closer to completion — the U.K.’s Competition and Markets Authority (CMA) has confirmed that the deal won’t face any further scrutiny. The CMA is yet to publish its full findings, but it has updated the deal’s case page to note that
After EU approval, UK clears HPE’s $14B Juniper Networks acquisition Read More »
Google has suffered a major court defeat in the U.S. that could alter the way it does business, should the decision stand. Judge Amit P. Mehta of U.S. District Court for the District of Columbia, ruling in a case brought against Google by the Justice Department, said that Google had abused its monopoly power over
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The European Commission has closed a Digital Services Act (DSA) investigation of a rewards feature in TikTok Lite by accepting commitments from the social media giant to permanently withdraw the feature from the EU. The TikTok Lite “task and reward” mechanism, launched in France and Spain earlier this year, lets users earn points for doing
It’s no accident that the European Union’s Digital Services Act and Digital Markets Act have such similar-sounding names: They were conceived together and, at the end of 2020, proposed in unison as a twin package of digital policy reforms. EU lawmakers had overwhelmingly approved them by mid-2022, and both regimes were fully up and running
DSA vs. DMA: How Europe’s twin digital regulations are hitting Big Tech Read More »
The U.S. Federal Trade Commission (FTC) and the Justice Department are suing TikTok and ByteDance, TikTok’s parent company, with violating the Children’s Online Privacy Protection Act (COPPA), a law that requires digital platforms to notify and obtain parents’ consent before collecting and using personal data from children under the age of 13. In a press
FTC and Justice Department sue TikTok over alleged child privacy violations Read More »
