Fed Chair Warns of ‘Uncertain and Adverse’ Consequences of US Debt Default — ‘We’d Be in Uncharted Territory’
Federal Reserve Chairman Jerome Powell has warned of “highly uncertain and adverse” economic consequences if the U.S. defaults on its debt obligations. “No one should assume that the Fed can protect the economy from the potential short and long-term effects of a failure to pay our bills on time,” he further cautioned. Fed Chair Jerome Powell’s Debt Default Warning Federal Reserve Chair Jerome Powell has warned of the potential...
Crypto Miners Pay Kazakhstan $7 Million in Taxes Amid Uncertain Future for Sector
The government of Kazakhstan has collected over $7 million in taxes this and last year from enterprises mining cryptocurrency in the country. The news comes amid growing regulatory pressure that is limiting the industry’s access to low-cost energy while increasing its tax burden. Miners Face Higher Expenses, More Challenges Under New Legislation Kazakhstan’s coffers have received 3.07 billion tenge (almost $6.9 million) in tax...
UK Police Applaud Five-Year Jail Sentence for ‘Fugitive’ IPTV Reseller
Offering piracy-related services is a serious offense in the UK for which several vendors have received multi-year prison sentences in recent years. These sentences are typically announced by copyright holders or the police, as a deterrent for those who might be tempted to follow in the same footsteps. Reporting on these news releases can be tricky, as the information tends to be limited. This is particularly true when court documents...
RIAA Counters Yout.com Stream-Ripper Brief at U.S. Court of Appeal
When the global music industry declared YouTube-ripping platforms public enemy number one and responsible for most music piracy online, the stage was set for legal showdowns. Stream-ripping platform Yout took the initiative in 2020 by suing the RIAA, hoping that the court would declare its service non-infringing. The battle to convince the judge centered on YouTube’s ‘rolling cypher’ and whether it should (or should not) be considered...
U.S. Hits Z-Library With New Domain Name Seizures
By providing free access to millions of books, Z-Library became the go-to site for many readers in recent years. Z-Library’s very existence was put to the test last November when U.S. law enforcement agencies seized over 200 domain names connected to the site. Two alleged Z-Library operators from Russia were arrested in Argentina as part of a criminal investigation. Down, Not Out Despite the gravity of the copyright infringement...
