DOJ pushes to break up Google’s search monopoly in antitrust case
The US Department of Justice aims to dismantle Google’s dominance in online searches, raising questions about the future of Big Tech and its influence. Go to Source
antitrust
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G7 antitrust watchdogs signal possible action on AI sector competition
The G7 nations want to ensure AI isn’t used to facilitate “collusion” between AI firms that could lead to the sharing of sensitive information or forming a monopoly. Go to Source
Nvidia denies receiving DOJ antitrust subpoena
Nvidia shares saw a slight after-hours bump as the chipmaker denied a report that it received a Justice Department antitrust probe. Go to Source
Microsoft declares OpenAI both ‘strategic partner’ and ‘competition’ in SEC filing
The two companies face antitrust probes in the US and EU over their partnership. Go to Source
Tech’s Antitrust Issues Flare Up on Both Sides of the New ‘Cold War,’ Report
At the request of the People’s Bank of China, Beijing could soon probe its digital payments monopolies, sources claim. Go to Source Powered by WPeMatico
Despite Trust Model Debates, Ethereum Is Bitcoin’s Largest Sidechain by Total Value Locked
The Ethereum network now has more bitcoin held in reserves than the Lightning Network, according to onchain statistics. At the time of publication, Wrapped Bitcoin (WBTC) has close to 4,000 BTC ($34.7M) held in reserves, while the Lightning Network has only 925 BTC ($8.3M). Wrapped Bitcoin Project’s Total Value Locked Climbs to 3.9k Bitcoin Just … Read more
Blockchains and Antitrust Laws Share the Same Objective, Says Vitalik Buterin
Vitalik Buterin says both blockchain and antitrust laws have the same goal: preventing the creation of monopolies by imposing decentralization. Go to Source Powered by WPeMatico
Despite Supreme Court Ruling, Chile’s Antitrust Court Orders Banks to Keep Crypto Exchange Accounts Open
Following the ruling by Chile’s supreme court that a bank can legally close accounts of a crypto exchange, the country’s Court of Defense of Free Competition reaffirmed that banks must reopen crypto exchanges’ accounts. The Chilean antitrust court continues to hear the case alleging that banks exploit their dominant position to keep crypto exchanges off the … Read more
