Engadget

Former OpenSea employee Nathanial Chastain has been sentenced to three months in prison over an NFT (non-fungible token) insider trading scheme.

Engadget : Arts & Entertainment

YouTube is quickly becoming a home for AI-generated music, and the service is trying to strike a balance between the technology's fans and the labels eager to protect their copyrights. The company and partners like Universal Music Group (UMG) have unveiled a set of principles for AI music.

Engadget

Despite the US ethos that you’ll be innocent until proven guilty in a court of law, law enforcement finding an excuse to search your digital devices only requires a presumption of wrongdoing. The tech to do this already exists, and murky legislation lets it happen, speakers from the Legal Aid Society said at DEF CON last Friday.

Engadget : Arts & Entertainment

The Internet Archive is facing another lawsuit over one of its conservation projects. Sony Music Entertainment, Universal Music Group and a handful of other music labels have filed a lawsuit against the nonprofit organization, accusing it of copyright infringement for digitizing, "willfully upload[ing], distribut[ing] and digitally transmitt[ing]" pre-1972 sound recordings.

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FTX Founder Sam Bankman-Fried (SBF) was sent to jail Friday after the judge overseeing his case revoked his bail. US District Judge Lewis Kaplan found probable cause that the disgraced former CEO repeatedly tampered with witnesses. In addition, Kaplan rejected Bankman-Fried’s attorneys’ request to delay his detention pending appeal.

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Epic Games has lost an attempt to force Apple to change its App Store payment practices sooner rather than later. The Fortnite maker asked the Supreme Court to overturn a US Ninth Circuit Court of Appeals ruling that delayed an injunction against Apple over App Store rules.

Engadget : Business

Federal regulatory agencies have fined 11 financial institutions a combined $549 million for using “off-channel” messaging apps (WhatsApp, iMessage, Signal and text messages) for conversations about trades and other business. Securities laws require investment firms and banks to preserve communications records and ensure employees only carry out business through authorized channels.

Engadget : Business

Amazon will reportedly meet with the FTC next week before the filing of a possible antitrust lawsuit against the online retailer. The New York Timesreports that FTC chair Lina Khan and commissioners Rebecca Kelly Slaughter and Alvaro Bedoya will sit down with Amazon representatives as the government agency nears a decision on whether to sue the company for antimonopoly laws.