Celsius Network's bankruptcy might have just set a precedent in determining what crypto assets belong to whom when stored on a centralized platform.
Driving the news: The judge in a 45-page written decision on Wednesday concluded that the deposits in the lender's yield-bearing Earn accounts belong to the estate — that is Celsius — and not the individual holders of those accounts.
Meta, the parent company of Facebook and Instagram, illegally required users to agree to personalized and targeted ads and was fined $414 million for violating European Union rules, Ireland's Data Protection Commission (DPC) said Wednesday.
The big picture: Meta will pay about $223 million for violating privacy rules on Facebook and about $191 million for its practices on Instagram, the regulator said.
Grumblings of "we could've driven there by now" usually grow louder as flights get canceled and delayed. But one group of travelers actually took on the challenge at Tampa International Airport.
Driving the news: When their flight from Tampa to Cleveland was canceled due to the winter storm on Dec. 22, four strangers determined to get home for the holidays decided to rent a car and make the trek to Ohio together.
Microsoft is working to incorporate OpenAI's ChatGPT technology in its Bing search engine, per The Information.
Why it matters: Bing has been a distant second to Google for years, but the hot new AI-driven chatbot could give people a fresh reason to try out the Microsoft-owned search service.
The latest breed of elevators can recognize your face, greet you by name, take you to your floor automatically — and even stop to let on a robot bearing a catering platter or hospital tray.
Why it matters: The widespread fear of elevators that hit during the pandemic served to turbo-charge new innovations, in what some are calling a "digital revolution."
Meta's looming decision on whether to allow former President Trump back on its apps will set a new precedent for how the Facebook parent company treats politicians and world leaders.
Why it matters: Trump's accounts were indefinitely shut down following the U.S. Capitol siege of Jan. 6, 2021. As he again runs for president, their reinstatement could allow him to run ads via his Facebook and Instagram pages, which have 34 million and 23 million followers, respectively.
Twitter said Tuesday it plans to expand the types of political and issue-oriented advertising allowed on the service.
Why it matters: The move could help increase revenue at cash-strapped Twitter, and the ad category may prove less controversial thanks to new regulations requiring online political advertisers to be clearer about who is paying for the message.
Digital assets present eight particular dangers that banks should be aware of, according to three financial regulatory agencies.
Driving the news: In a joint statement Tuesday, major banking regulators, the Federal Reserve, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation highlighted "key risks associated with crypto-assets."
Investors drove Apple's market value below $2 trillion during the first trading session of 2023, a year after propelling it to become, briefly, the first U.S. company to reach $3 trillion.
What's happening: Shares of Apple tumbled Tuesday morning by more than 4%, after a Nikkei Asia report reignited worries about demand for the company's products.
Starting this week, companies operating in Virginia and California are subject to a new set of data protection laws.
The big picture: After federal lawmakers failed (again) to pass a privacy law last year, companies face what they've always feared and lobbied against: a patchwork of state-level laws that dictate how they collect, store and share consumer data.
The AI-enabled chatbot that's been wowing the tech community can also be manipulated to help cybercriminals perfect their attack strategies.
Why it matters: The arrival of OpenAI's ChatGPT tool last month could allow scammers behind email and text-based phishing attacks, as well as malware groups, to speed up the development of their schemes.
Punchbowl News, the two-year-old Congress-focused media startup, will launch a text-based breaking news service this month to send real-time alerts to paid subscribers instead of relying on Twitter, according to the company's founders.
Why it matters: More news companies are experimenting with ways to deliver breaking news directly to readers and routing around intermediary services like Twitter, which has grown increasingly unpredictable for journalists.
After two years of pandemic-driven setbacks, the Consumer Electronics Show (CES) is aiming for a comeback.
Driving the news: CES hopes to draw at least 100,000 in-person attendees to its annual trade show in Las Vegas this week — but it's unclear when, if ever, the mega-conference will return to its pre-pandemic peak of over 180,000 attendees.
/2023/01/02/1672695449126.gif?w=3840)
