Search results for "FTC"
00:16

The SEC has appointed Katherine Reilly as the new acting inspector general.

Gate News bot message: The U.S. Securities and Exchange Commission (SEC) announced that Katherine Reilly will succeed the retired Deborah Jeffrey as the SEC's acting Inspector General. Reilly joined the SEC Office of the Inspector General in 2020, previously serving at the Federal Trade Commission (FTC), the United States Postal Service Office of Inspector General, and the Department of Justice, focusing on legal and oversight work. Reilly holds a law degree from the University of Texas and a Master of Laws from the University of Melbourne. Source: Wu Says
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21:35

FTC sues IML for allegedly misleading advertising of Crypto Assets trading courses to defraud $1.2 billion

According to the Gate.io News bot, TheBlock reported that on May 2, 2024, the Federal Trade Commission (FTC) of the United States, in conjunction with the state of Nevada, filed a legal lawsuit against IML Company. The lawsuit documents indicate that the company has accumulated approximately $1.2 billion in funding since 2018 through false advertising of crypto assets, forex, options, and stock trading courses. The company had previously conducted business under several names, including IM Mastery Academy and iMarketsLive.
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BOT-11.18%
07:30

Cathie Wood predicts that Trump's election will drive a wave of mergers and acquisitions in startups, and reiterates the target price of $1.5 million for BTC

PANews reported on December 20th that Cathie Wood, founder of ARK Investment, stated that Trump's election will bring a new wave of startup acquisitions. The reason is that the changes in the policy of the Federal Trade Commission (FTC) in the United States will unleash potential acquisition demand, helping venture capital achieve "Liquidity events". She emphasized that relaxed regulation will drive the price discovery process for innovative companies. In addition, Wood reiterated his prediction of a target price of $1.5 million for Bitcoin in 2024, and believes that the policies of the Trump administration will support economic growth and the supply and demand dynamics of Bitcoin. She pointed out that the scarcity of Bitcoin is more significant than that of gold, with a supply limit of 21 million coins, a characteristic that will further drive its value. Wood also predicts, Elon
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06:30

ARK Invest CEO reiterates BTC target price of $1 million by 2030, optimistic about Musk's government efficiency reform

ChainCatcher news, according to Bloomberg, ARK Invest CEO Cathie Wood recently stated in an interview that if Trump is elected president, he will promote a wave of private enterprise mergers and acquisitions through government efficiency reforms. She pointed out that the Federal Trade Commission's (FTC) policy adjustments will unleash regulated acquisition demand, creating Liquidity opportunities for venture capital. Musk will play an important role in reducing government size, as he is well versed in regulatory pressure and obstacles. Wood also reiterated that Bitcoin will surpass 100 by 2030.
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22:14

US antitrust agency launches investigation into Microsoft

The Federal Trade Commission (FTC) has launched an antitrust investigation into Microsoft, involving areas such as cloud computing, software licensing, network security, and artificial intelligence products. The investigation focuses on Microsoft's bundling of cloud products and its practices regarding user authentication in the security software Microsoft Entra ID. Microsoft's security mistakes and its position as a government contractor are considered to raise market influence concerns.
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21:19

US antitrust regulators launch an investigation into Microsoft

According to sources, the US Federal Trade Commission (FTC) has launched an antitrust investigation into Microsoft, including Microsoft's cloud computing, software licensing, network security products, and artificial intelligence products. One focus of the investigation is Microsoft's bundling of its office productivity and security software with cloud products, as well as practices related to Microsoft Entra ID. FTC antitrust lawyers will meet with Microsoft's competitors next week to gather more information.
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01:03

FINRA adds a new page for digital assets, clarifying that assets and transactions may constitute securities.

The official website of the Financial Industry Regulatory Authority (FINRA) in the United States has added a dedicated column for encryption assets, pointing out that certain encryption assets or transactions may meet the definition of securities. The content provides detailed introductions to different types of encryption assets and trading methods, lists related risks, and links to resources from regulatory agencies such as the SEC, CFTC, and FTC. The determination of whether encryption assets or transactions are securities should be based on the definition of federal securities law and may use standards such as the Howey Test and the Reves Test.
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01:02

FTC accuses DoNotPay and 5 other AI companies of exaggerating technology to deceive consumers

The Federal Trade Commission (FTC) of the United States has reminded businesses not to deceive consumers by exaggerating the capabilities of artificial intelligence. It has filed lawsuits against five companies, accusing them of using the hype of artificial intelligence to deceive consumers, including DoNotPay, which provides artificial intelligence robot lawyer services, and Ascend Ecom, which claims to help consumers quickly generate passive income. FTC emphasizes that artificial intelligence is also subject to legal constraints. These companies mentioned by the FTC are accused of false advertising of their products or services and the use of artificial intelligence as a marketing tactic.
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22:44

The Biden administration's ban on non-compete protocol has been overturned by a judge.

A federal judge in the United States has blocked a Federal Trade Commission rule that would have prohibited workers from signing non-compete protocols. This move could jeopardize the FTC's power to enforce antitrust laws through broad rule-making, as the judge ruled that the FTC did not have the authority to ban competition practices it deemed unfair. The commission lacked evidence and failed to prove why it chose to implement such a comprehensive ban.
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18:53

FTC has issued a warning to consumers about the surge in investment scams on social media, especially in cryptocurrency investment

Golden Finance reported that the US Federal Trade Commission (FTC) has issued a warning to consumers about the surge in social media investment scams, especially in cryptocurrency investments. These scams involve fraudulent information claiming guaranteed high returns with little to no risk. The Federal Trade Commission advises against paying attention to such information and reminds consumers that all investments carry inherent risks. The Federal Trade Commission (FTC) issued a consumer alert on Friday. The alert was issued by Andrew, a consumer education expert at the Federal Trade Commission.
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16:20
Golden Ten Data on May 2, according to people familiar with the matter, the US Federal Trade Commission (FTC) will decide whether to sue to block ExxonMobil Oil (XOM.N)'s $60 billion acquisition of Pioneer Natural Resources. ExxonMobil complied with the FTC's second disclosure request in early April, triggering a 30-day deadline for the antitrust agency to make a decision, according to people familiar with the matter. This timeline could be extended if the regulator and the company agree to continue efforts to address competition concerns.
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13:50
Coin Network reports: CycleX, an industry innovation RWA platform, has signed a share exchange memorandum with Natures Miracle Holding Inc, a NASDAQ-listed company. The parties agreed that the transaction will be valued at approximately US$10 million and that the share swap is expected to be completed within the next two months. This strategic cooperation will provide NMHI with standardized financial services, provide customers with more stable, efficient and longer solutions, and maintain its leading position in the industry. At the same time, CycleX will also cooperate with the FTC (Federal Trade Commission) to jointly develop innovative Token Economy business. In addition, CycleX is conducting a Token Airdrop campaign, which will incentivize early supporters. About CycleX, an innovative RWA platform with a deep focus on asset management and investment. The platform increases the liquidity and accessibility of assets by converting real-world assets into digital assets, providing investors with longest opportunities.
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13:37
CycleX, an industry innovation RWA platform, has signed a share exchange memorandum with Natures Miracle Holding Inc., a NASDAQ-listed company. The parties agreed that the transaction will be valued at approximately US$10 million and that the share swap is expected to be completed within the next two months. This strategic cooperation will provide NMHI with standardized financial services, provide customers with more stable, efficient and longer solutions, and maintain its leading position in the industry. At the same time, CycleX will also cooperate with the FTC (Federal Trade Commission) to jointly develop innovative Token Economy business. In addition, CycleX is conducting a Token Airdrop campaign, which will incentivize early supporters. About CycleX, an innovative RWA platform with a deep focus on asset management and investment. The platform increases the liquidity and accessibility of assets by converting real-world assets into digital assets, providing investors with longest opportunities.
TOKEN-10.06%
12:44
According to official information, Natures Miracle Holding Inc (Nasdaq Global Market: NMHI; Nasdaq Capital Market: NMHIW), a provider of vertical farming technology and infrastructure services, and CycleX, an industry innovation RWA platform, have confirmed a strategic partnership, which will provide standardized financial services for both parties and provide customers with more stable, efficient and diversified solutions. At the same time, NMHI has entered into an MOU agreement with Future Tech Inc. ("FTC"), a leading innovator and developer in the field of AI computing data center hosting. As an innovative RWA platform that is deeply involved in asset management and investment, the platform will provide more opportunities for investors by converting real-world assets into digital tokens, increasing the liquidity and accessibility of assets. (prnewswire)
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09:09
PANews reported on March 17 that, according to Cointelegraph, the U.S. social media platform Reddit said it had received a letter from the U.S. Federal Trade Commission (FTC) on the 14th, and the FTC is investigating its practices of selling, authorizing and sharing user content with third parties to train AI models. "Given the unique nature of these technical and commercial protocols, we are not surprised by the FTC's interest in this space," Reddit said. We do not believe that we have engaged in any unfair or deceptive trading practices". Previously, it was reported in February that Google and Reddit signed an artificial intelligence training agreement.
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07:17

Engineers warn about Microsoft's AI tools for generating violent and sexual imagery

An AI engineer at Microsoft said that the violent and sexual imagery generated by the company's AI image tool could be harmful to society. In a letter to the Federal Trade Commission (FTC) and Microsoft's board of directors on Wednesday, Shane Jones, principal software engineering manager, spoke about his concerns about Microsoft's "responsible AI strategy." "I have repeatedly urged Microsoft to stop making Copilot Designer available to the public until better safeguards are in place," the letter reads. He said Microsoft's Environmental, Social and Public Policy Committee should conduct an independent investigation to help Microsoft "lead the industry with the highest standards of responsible AI."
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05:55
PANews reported on January 16 that according to the New York Times, the U.S. Federal Trade Commission (FTC) has launched an investigation into Microsoft, Amazon and Google's billion-dollar investments in OpenAI and Anthropic. The deals allow large companies to forge deep ties with smaller competitors while avoiding most government scrutiny, the report said. The FTC said it would ask Microsoft, OpenAI, Amazon, Google and Anthropic to describe their influence on partners and how they make decisions together. It also said it would ask them to provide any internal documents that could reveal the deals and their potential impact on competition. FTC Chair Lina Khan said their research will reveal whether the investments and partnerships pursued by dominant companies risk distorting innovation and undermining fair competition. It is reported that these companies have 45 days to return to the FTC.
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01:25
The U.S. Federal Trade Commission (FTC) has launched an investigation into Microsoft, Amazon, and Google's multibillion-dollar investments in OpenAI and Anthropic, as reported by the New York Times on January 26. The deals allow large companies to forge deep ties with smaller competitors while avoiding most government scrutiny, the report said. The FTC said it will ask Microsoft, OpenAI, Amazon, Google and Anthropic to describe their influence on partners and how they make decisions together. It also said it would ask them to provide any internal documents that could reveal the deals and their potential impact on competition. FTC Chair Lina Khan said their research will reveal whether the investments and partnerships pursued by dominant companies risk distorting innovation and undermining fair competition. The companies have 45 days to respond to the FTC.
02:55
The partnership between OpenAI and Microsoft has been investigated by U.S. regulators, and the U.S. Department of Justice (DOJ) and the Federal Trade Commission (FTC) are currently vying for jurisdiction, according to IT House, citing Politico. At the heart of the problem is Microsoft's huge investment in OpenAI, which dates back to 2019 and has continued to pour money into the company over the next few years, integrating OpenAI's services into its own products like Bing and Office. In addition, OpenAI CEO Sam Altman said in an interview that the company's partnership with Microsoft is very strong, and he hopes that Microsoft will continue to invest in OpenAI. However, it has also raised concerns about the unfair advantage of the two companies, especially when it comes to large language models (LLMs).
07:57
According to IT House, the U.S. Federal Trade Commission (FTC) recently announced a bounty order to find a way to distinguish whether a sound is made by a real human or generated by AI. According to the FTC, participants can revolve around the following three points: prevention or authentication: a way to restrict the use or application of voice cloning software by unauthorized users, real-time detection or monitoring: a way to detect cloned voices or use voice cloning technology must be provided, and follow-up evaluation: a way to check whether audio clips contain cloned voices. The overall winner of the competition will receive $25,000 and the runner-up will receive $4,000, with up to three honorable mentions (one for each intervention point) each awarded $2,000.
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00:52
According to a report by IT House, citing The Verge on the 23rd, two lawmakers in the United States submitted a new bill involving artificial intelligence, the Artificial Intelligence Foundation Model Transparency Act, which requires the creator of the base model to disclose the source of the training data, so that the original copyright holder can know that his work has been "misappropriated". Two Rep., Anna Eshoo and Don Beyer, will reportedly direct the FTC (Federal Trade Commission) to work with the National Institute of Standards and Technology to develop rules for training data transparency reporting. At present, the bill still needs to be allocated to the relevant committees for discussion, and it will take time to complete.
03:27
According to Jiemian News, US Securities and Exchange Commission (SEC) Chairman Gensler warned companies on December 5 not to engage in "AI fake marketing" and compared it to the phenomenon of "greenwashing". "Greenwashing" has become the target of a SEC crackdown. In February, the U.S. Federal Trade Commission (FTC) warned companies across a wide range of industries that it would keep a close eye on the issue of false AI claims in advertising, including exaggerating the capabilities of AI products or even completely fabricating that products incorporate AI technology.
12:38
Golden Finance reported that the US Federal Trade Commission (FTC) issued a consumer alert warning that crypto assets are not covered by the Federal Deposit Insurance Corporation (FDIC). Cristina Miranda, a consumer education expert at the Federal Trade Commission, explained that if your bank is insured by the Federal Deposit Insurance Corporation, you can get up to $250,000 in protection if the bank fails. In contrast, if a cryptocurrency company goes out of business, the money you deposit with a cryptocurrency financial service provider will not be insured or protected by the Federal Deposit Insurance Corporation. The Federal Deposit Insurance Corporation (FDIC) is an independent federal agency that insures bank deposits held by member institutions up to a maximum of $250,000 per depositor.
06:36
PANews, September 12, CoinDesk reported that Alex Mashinsky, the former CEO of the bankrupt crypto lending platform Celsius, in a court filing on Monday, sought the court to dismiss the Federal Trade Commission (FTC)’s accusation that he misled investors. Previously in July, the US SEC, Department of Justice, Commodity Futures Trading Commission and Federal Trade Commission all filed lawsuits against Celsius Network and Alex Mashinsky. According to news on September 6, the court has ordered the freezing of Alex Mashinsky’s assets.
06:25
Golden Finance reports that Alex Mashinsky, founder and former CEO of lending platform Celsius, sought in a court filing on Monday that the Federal Trade Commission (FTC) drop charges that he misled investors. Celsius filed for bankruptcy last year as the cryptocurrency winter approached, and in July this year Mashinsky, the co-founder of the lending platform, was charged with multiple crimes following a joint action by consumer protection agencies, the Department of Justice, and securities and commodities regulators. Arrested on charges including securities fraud and manipulation of CEL tokens. Mashinsky has pleaded not guilty to the charges, which his lawyers have called "baseless". Golden Finance previously reported that on September 6, Alex Mashinsky’s bank and real estate assets were ordered to be frozen.
06:25
Golden Finance reported that Alex Mashinsky, founder and former CEO of lending platform Celsius, sought in a court filing on Monday that the Federal Trade Commission (FTC) drop the prosecution against him. Celsius filed for bankruptcy last year as the crypto winter set in, and Mashinsky was arrested in July following a joint operation by consumer protection agencies, the Justice Department and securities and commodities regulators.
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04:00
1.X (Twitter) adjusts its privacy policy and will allow 16 million US dollars in financing 4. Mozilla petitioned Microsoft to increase the transparency of its new terms, and the expert team could not confirm that it used user data to train AI models 5. Zoom was suspected of using consumer data to train its own tools, which may trigger an FTC investigation 6. The British Monetary Authority asked the country Virtual asset service providers will comply with FATF Travel Rule 7 from September 1. WPS AI is included in the second batch of deep synthesis service algorithm registration list
01:27
Odaily Planet Daily News Celsius Network stated that its $4.7 billion settlement agreement with the US Federal Trade Commission (FTC) will not affect its restructuring and the amount of assets recovered for customers. Celsius said in a statement filed with the court on Thursday that the company "remains committed to the successful execution of its Chapter 11 program, and Celsius' special committee and senior leadership remain committed to continuing to work with regulators and government agencies focused on serving the interests of the Stakeholders maximize value.” Earlier news, the US Federal Trade Commission (FTC) reached a settlement agreement with cryptocurrency lending company Celsius Network, the platform will be banned from handling consumers' assets, and accused three former executives of deceiving consumers by falsely promising that deposits are safe and readily available. Transfer cryptocurrencies to its platform. The FTC’s proposed settlement with Celsius and its affiliates would permanently prohibit these companies from offering, marketing or promoting any product or service that could be used to deposit, exchange, invest in or withdraw any assets. Celsius and its affiliates agreed to pay a $4.7 billion judgment that will be suspended to allow Celsius to return its remaining assets to consumers during the bankruptcy proceedings. Former CEO and co-founder Alexander Mashinsky and Celsius co-founders Shlomi Daniel Leon and Hanoch “Nuke” Goldstein have yet to agree to a settlement, and the FTC’s lawsuit against them will continue in federal court. (CoinDesk)
23:21
According to PANews news on July 14, according to CoinDesk, Celsius Network stated that its $4.7 billion settlement agreement with the US Federal Trade Commission will not affect its restructuring or restore assets for customers. Celsius said in a statement filed with the court on Thursday that the company "remains committed to the successful execution of its Chapter 11 program." "Celsius' special committee and senior leadership remain committed to ongoing engagement with regulators and government agencies, and remain focused on maximizing value for stakeholders." As previously reported, Celsius Network reached a settlement agreement with the U.S. Federal Trade Commission (FTC) , the business will be barred from dealing with consumers' assets, while the business and its affiliates agree to a $4.7 billion judgment. But former Celsius CEO Alex Mashinsky, along with Celsius' other co-founders Shlomi Daniel Leon and Hanoch "Nuke" Goldstein A settlement has not been agreed to. The FTC's lawsuit against them will be heard in federal court.
14:00
Jinse Finance reported that the U.S. Federal Trade Commission (FTC) reached a settlement agreement with the cryptocurrency lending company Celsius Network. The company will be prohibited from handling consumer assets, and the company and its affiliates have agreed to a $4.7 billion judgment.
13:19
Odaily Planet Daily News The US Securities and Exchange Commission (SEC), the Department of Justice (DOJ), the Commodity Futures Trading Commission (CFTC) and the Federal Trade Commission (FTC) have all filed lawsuits against Celsius Network and its former CEO Alex Mashinsky in the past hour . (db) According to previous Bloomberg reports, the US SEC filed a lawsuit against Celsius Network and its former CEO Alex Mashinsky in Manhattan federal court on Thursday. Alex Mashinsky was arrested on Thursday morning local time in connection with the bankruptcy investigation of the company, according to people familiar with the matter.
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10:57
PANews July 13 news, according to the Washington Post, the US Federal Trade Commission (FTC) asked OpenAI to provide records on consumer data security.
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01:02
Jinse Finance reported that U.S. San Francisco Federal Court Judge Jacqueline Scott Corley ruled that Microsoft can proceed with the acquisition of Activision Blizzard and rejected the motion for a preliminary injunction filed by the U.S. Federal Trade Commission (FTC). With the court ruling, Microsoft has until the July 18 deadline to pursue a merger with Activision Blizzard in any market other than the UK. In May, British regulators blocked the deal.
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