A US judge on Friday accepted Binance’s guilty plea and more than $4.3 billion (roughly Rs. 35,635 crore) penalty for violating federal anti-money laundering and sanctions laws through lapses in internal controls at the world’s largest cryptocurrency exchange. US District Judge Richard Jones in Seattle approved the plea, which includes a $1.81 billion (roughly Rs. 15,000 … Read more
Tech giants will likely challenge a new European Union law aimed at reining in their power with the first cases in a potential wave of litigation expected by year-end, one of the EU’s top judges said on Friday. The Digital Markets Act (DMA), which came into force in November, will classify online platforms with more … Read more
The chief executive of Call of Duty maker Activision Blizzard, Bobby Kotick, went before a federal judge on Wednesday to urge her to allow his company to be bought by Microsoft for $69 billion (nearly Rs. 5,66,300 crore). Kotick said that any effort to make Call of Duty exclusive to one platform, as Microsoft critics have … Read more
Apple will ask a federal judge on Wednesday to dismiss the U.S. Department of Justice’s case accusing the iPhone maker of unlawfully dominating the smartphone market, in the latest Big Tech antitrust showdown. US District Judge Julien Neals in Newark, New Jersey, is scheduled to hear arguments from lawyers for Apple, and from prosecutors who say the … Read more
Apple will have to answer to a judge for refusing to restore Fortnite to its US App Store if it hasn’t resolved its standoff with Epic Games by May 27. Epic’s chief executive officer had announced three weeks ago that his company’s flagship game would be resubmitted to App Store after the companies fought in court for … Read more